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In a Short Essay, Describe How Managers Can Effectively Plan

question 93

Essay

In a short essay, describe how managers can effectively plan when the external environment is continually changing.


Definitions:

Allowance For Doubtful Accounts

The contra asset account for accounts receivable.

Adjusting Journal Entry

A record in accounting that is used to adjust incomes and expenses to match the accounting period in which they actually occurred.

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal.

Allowance For Doubtful Accounts

An account opposite to assets that predicts the amount of accounts receivable that might not be recoverable.

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