A Method of Accounting for Uncollectible Receivables in Which the Company

question 117

True/False

A method of accounting for uncollectible receivables in which the company estimates bad debts expense instead of waiting to see from which customers the company will not be able to collect is known as the allowance method.

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Definitions:

Variable-ratio Schedule

A reinforcement schedule where a response is reinforced after an unpredictable number of responses, making it highly resistant to extinction.

Specific Number

A specific number refers to a distinct and particular numerical value, identified without ambiguity.

Randomly Varying

Exhibiting changes that lack a specific pattern, direction, or expectation, occurring in a manner that cannot be predicted.

Reinforcement

In behavioral psychology, a consequence that will strengthen an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.