For the Social Networking Site Facebook, Technological Know-How and an Aggressive

question 106

True/False

For the social networking site Facebook, technological know-how and an aggressive and innovative culture are significant strengths to include in its SWOT analysis.

---

Definitions:

Net Credit Sales

The total revenue from sales made on credit, after subtracting returns and allowances.

Uncollectible Accounts

Accounts receivable that a company does not expect to receive payment for, often written off as bad debts.

Percentage-of-Receivables Method

An accounting method used to estimate the amount of a company's receivables that will not be collected, based on a percentage of the total receivables.

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated amount of accounts receivable not expected to be collected.