Match the Term and the Explanation

Match the term and the explanation.Not all explanations will be used. _____ Net credit sales
_____ Allowance method
_____ Notes receivable
_____ Accounts receivable
_____ Average net trade receivables
_____ Reserve for bad debts
_____ Bad debt loss rate
_____ Annual interest rate

A) The amount of interest a lender receives during a year.
B) A system used by companies to allocate their budgets over the different operating expenses.
C) The numerator of the receivables turnover ratio.
D) One of several common account names used to identify estimated uncollectible accounts receivable.
E) The historical average percentage of credit sales that a company has been unable to collect.
F) Another name for a company's total revenue which is calculated by multiplying the quantity sold by the average price.
G) The costs of maintaining accounts with customers who have not made recent purchases.
H) The interest that a company receives during the year divided by the principal of the loan.
I) The rate at which a company pays off its liabilities or debts.
J) The total amount of money loaned through notes that have not been repaid.
K) The denominator of the receivables turnover ratio.
L) The average level of net sales revenue the firm earns each month.
M) A two-stage process by which accounts are adjusted in anticipation of bad debts.
N) The portion of past credit sales that have not yet been collected.