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Benedict views morality as dependent on the varying histories and environments of different cultures. In this essay she assembles an impressive amount of data from anthropological research of tribal behavior on an island in northwest Melanesia from which she draws her conclusion that moral relativism is the correct view of moral principles.
-For Benedict, many cultures are abnormal.
Percentage of Sales Basis
A method used to forecast future financial outcomes by assuming that certain expenses, net income, and balance sheet items change in direct proportion to changes in sales.
Uncollectibles
Debts from customers that are considered impossible to collect and are therefore written off as a loss.
Expense with Revenues
Represents the relationship between the costs incurred and the revenues generated in a specific period.
Direct Write-off Method
An accounting method for treating bad debts that writes off specific invoices as uncollectable only at the time they are deemed irrecoverable.
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