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Why can't we be certain that the Andromeda Galaxy exists today?
Outstanding Accounts Receivable
The amount of money owed to a company by its customers for goods or services delivered but not yet paid for.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of accounts receivable that is expected to become uncollectible.
Percent of Sales Method
A forecasting technique used in financial planning to estimate certain balance sheet and income statement accounts based on projected sales growth.
Bad Debts
Amounts owed to a company that are not expected to be received, often due to customers being unable to pay.
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