Examlex
The __________ section of a business plan projects a long term plan for how the entrepreneur(s) will benefit from the success of the venture.
Percentage of Sales Basis
A forecasting method where certain expenses or accounts are based on a predetermined percentage of sales.
Bad Debt Expense
The cost associated with accounts receivable that a company does not expect to collect.
Aging Schedule
A table summarizing the amounts owed to a business, grouped by the length of time the bills have been outstanding, used to monitor and manage receivables.
Old Accounts Receivables
Outstanding invoices a company has yet to collect from customers past the due date.