Accounting Mod4

another name for % of sales approach

finance company that buys receivbales

allowance for doubtful accounts is % of receivables

bad debts based on % of net credit sales

results in a better matching of expenses with revenues

lists of accts receivable organized by lenght of time unpaid

another name for the % of receivables approach

days sales inventory PLUS collection period.

Time it takes to receive, sell, and receive payment of goods.