Researchers Have Demonstrated That the Rate of Work-Related Accidents Can

question 25

Short Answer

Researchers have demonstrated that the rate of work-related accidents can be reduced by reinforcing safe practices with bonuses and time off, but why are such efforts necessaryn other words, why do workers not follow safe practices spontaneously since they benefit by avoiding injuries?

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Definitions:

Allowance for Doubtful Accounts

An estimation of the amount of accounts receivable that may not be collected, which is used to adjust the gross accounts receivable to its net realizable value.

Estimate

An approximate calculation or judgment of the value, number, quantity, or extent of something, often used in planning and decision-making.

Balance Sheet Approach

A method used to calculate the amount required in the Allowance for Doubtful Accounts to cover expected uncollectibles. This method is based on the Accounts Receivable amount and the aging process. The adjustment to the Allowance for Doubtful Accounts will bring the new balance of that account to the new required level.

Bad Debts Expense

The portion of receivables that a company does not expect to collect and writes off as a loss.