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Which of these is NOT a defense or coping mechanism?
Percent of Sales Method
A financial planning tool used to forecast future revenues, expenses, or balance sheet figures as a percentage of sales.
Uncollectible Accounts Receivable
Accounts receivable that are considered to be uncollectible due to the inability of the customers to pay.
Journal Entries
Recorded transactions in the accounting system, documenting financial changes in accounts.
Percent of Sales
Percent of sales is a financial analysis tool that helps in estimating how certain accounts, like revenue and expenses, will vary in proportion to changes in sales.
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