Describe the 6 × 6 × 24 Rule for PowerPoint

question 20

Essay

Describe the 6 × 6 × 24 rule for PowerPoint presentations and discuss the reasons for applying this rule.

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Definitions:

DSO

Days Sales Outstanding, a measure of the average number of days that it takes a company to collect payment after a sale has been made.

Bad Debt

A receivable that is considered irrecoverable and is therefore written off as a loss.

Incremental Cost

The additional cost associated with producing one additional unit of output.

Carrying Receivables

The accounting practice of recognizing unpaid invoices as assets on a company's balance sheet, expected to be converted into cash within a year.