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Discuss the Mayhew argument that members of Congress are most concerned with reelection. Be sure to include the concepts of casework and franking privilege.
Total Assets
The sum of all assets, both current and non-current, owned by a company, representing the total resources it has at its disposal.
Aging of Accounts Receivable Method
An accounting technique used to estimate the amount of receivables that are unlikely to be collected, based on the length of time they have been outstanding.
Percentage of Sales Method
A forecasting technique used to predict various financial figures, such as expenses or inventory levels, as a fixed percentage of sales.
Allowance for Doubtful Accounts
A contra asset account representing the amount of accounts receivable a company does not expect to collect.
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