Compute the Number of Ways You Can Select $n$ Elements From $N$

question 221

Essay

Compute the number of ways you can select $n$ elements from $N$ elements for $n = 6$ and $N =$ $15 .$

---

Definitions:

Bad Debt Expense

The estimated amount of credit sales that are not expected to be collected, recognized as an expense in the income statement.

Uncollectible Accounts

Accounts receivable that a company does not expect to collect and writes off as a bad debt expense.

Outstanding Accounts Receivable

Amounts due to a company from customers for goods or services provided on credit but not yet paid.

Bad Debt Percentage

Bad debt percentage is the proportion of receivables that a company expects not to collect, used in estimating the allowance for doubtful accounts.