What Industry Is Dramatically Dying Out Due to Technology in Hospitality

question 22

Multiple Choice

What industry is dramatically dying out due to technology in hospitality?

• A) Travel agents
• B) Office supplies distributors
• C) Front desk clerks
• D) Airline pilots

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Definitions:

Receivables

Funds that customers or clients owe to a business for products or services delivered on credit.

Estimated Bad Debts

The portion of accounts receivable that a company does not expect to collect.

Carrying Amount

The recorded cost of an asset in a company's financial statements, less any accumulated depreciation or amortization.

Allowance for Doubtful Accounts

A contra-asset account used to reduce accounts receivable to its net realizable value by estimating uncollectible debts.