// Copyright May 25, 2000 All rights reserved.
//

var items = 14;

var titles = new Array(10);
titles[0] = "Dr. Marian W. Boscia";
titles[1] = "mwboscia@kings.edu";
titles[2] = "http://boscia.com//mwboscia/a110/mwbindex.html";
titles[3] = "Accounts Receivable Matching Exercise";
titles[4] = "The Principles of Accounting Exercise Index";


var image1 = new Array(5);
image1[0] = "ARques1.gif";
image1[1] = "red flowers";
image1[2] = "Click the flowers to return to the exercise index page";
image1[3] = 118;
image1[4] = 107;

var image2 = new Array(5);
image2[0] = "ARques2.gif";
image2[1] = "parrot";
image2[2] = "Click the parrot to return to the exercise index page";
image2[3] = 168;
image2[4] = 222;

var term = new Array();
term[0] = "Interest";
term[1] = "Maker of a note";
term[2] = "Payee of a note";
term[3] = "Promissory note";
term[4] = "Dishonoring a note";
term[5] = "Principal of a note";
term[6] = "Inventory turnover";
term[7] = "Materiality Principle";
term[8] = "Maturity date of a note";
term[9] = "Aging accounts receivable";
term[10] = "Accounts receivable turnover";
term[11] = "Allowance for Doubtful Accounts";
term[12] = "Allowance method for bad debts";
term[13] = "Direct write-off method for bad debts";


var defn = new Array();
defn[0] = "The one who signs a note and promises to pay it at maturity is the:";
defn[1] = "An unconditional written promise to pay a definite sum of money on demand or at a fixed or determinable future date. ";
defn[2] = "The charge assessed for the use of money:";
defn[3] = "A process of classifying accounts receivable by how long they have been outstanding for the purpose of estimating the amount of uncollectible accounts is: ";
defn[4] = "The one to whom a promissory note is made payable is:";
defn[5] = "The method of accounting that recognizes bad debts when an account is found to be uncollectible, and is generally considered to be inferior, is:";
defn[6] = "The idea that the requirements of an accounting principle may be ignored if the effect on the financial statements is unimportant to their users is:";
defn[7] = "A contra asset account with a balance equal to the estimated amount of accounts receivable that will be uncollectible is:";
defn[8] = "The date on which a note and any interests are due and payable is:";
defn[9] = "An accounting procedure that (1) estimates and reports bad debts expense from credit sales during the period of the sales, and (2) reports accounts receivable at the amount of cash proceeds that is expected from their collection (their estimated realizable value) is:";
defn[10] = "The amount that the signer of a promissory note agrees to pay back when it matures, not including the interest is:";
defn[11] = "A measure of how long it takes a company to collect its accounts, calculated by dividing credit sales (or net sales) by the average accounts receivable balance is:";
defn[12] = "Failure by a promissory note's maker to pay the amount due at maturity is called:";
defn[13] = "A measure of how long it takes a company to sell its inventory, calculated by dividing Cost of Goods Sold by the average merchandise inventory balance, is called:";
var ans = new Array();
ans[0] = "B";
ans[1] = "D";
ans[2] = "A";
ans[3] = "J";
ans[4] = "C";
ans[5] = "N";
ans[6] = "H";
ans[7] = "L";
ans[8] = "I";
ans[9] = "M";
ans[10] = "F";
ans[11] = "K";
ans[12] = "E";
ans[13] = "G";


var feedbk = new Array();
feedbk[0] = "One way to keep this straight is to remember that the maker of the note also is the maker of the payment.";
feedbk[1] = "Promissory notes promise payment of a specific amount plus interest on a specific date.";
feedbk[2] = "Interest expense is the cost of borrowing money.";
feedbk[3] = "An aging of accounts receivable schedule is a list accounts receivable balances divided into groups.";
feedbk[4] = "One way to keep this straight is to remember that the maker of the note also is the maker of the payment.";
feedbk[5] = "Allowance accounts are adjusted so that net accounts receivable is equal to the amount that the company actually expects to collect.";
feedbk[6] = "The materiality principle means that accountants don't have to sweat the small stuff.";
feedbk[7] = "All allowance accounts are contra assets. This account can also be called Allowance for Bad Debts.";
feedbk[8] = "A debt matures when it and any accrued interest is due.";
feedbk[9] = "The allowance method adjusts A/R to the net amount that the company expects to collect.";
feedbk[10] = "This is also called the face amount of the note.";
feedbk[11] = "This ratio tells how many times the balance in A/R was collected during the year. Ideally this should be close to 12.";
feedbk[12] = "Not paying a debt has long been considered a dishonorable act.";
feedbk[13] = "This ratio tells how many times the inventory was sold during the year. Ideally this should be close to 12.";

var response = new Array()
   for (var k=0; k < 20; k++)
   {
      response[k]=0
   }
         
var choice = new Array(20);
   choice[0] = "A";
   choice[1] = "B";
   choice[2] = "C";
   choice[3] = "D";
   choice[4] = "E";
   choice[5] = "F";
   choice[6] = "G";
   choice[7] = "H";
   choice[8] = "I";
   choice[9] = "J";
   choice[10] = "K";
   choice[11] = "L";
   choice[12] = "M";
   choice[13] = "N";
   choice[14] = "O";
   choice[15] = "P";
   choice[16] = "Q";
   choice[17] = "R";
   choice[18] = "S";
   choice[19] = "T";