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What is the standard time (ST) for this task if the employee worked at a fifty percent faster pace than the average,and an allowance of twenty percent of job time is used?
Receivables Basis
An accounting method that recognizes revenue when related receivables are actually or constructively received.
Allowance Account
A contra account related to accounts receivable that represents the estimate of receivables that are likely to be uncollectible.
Allowance Account
A contra-asset account used to estimate and offset losses from potentially uncollectible accounts receivable.
Debit Balance
An accounting entry that represents a situation where debits exceed credits in an account, indicative of assets or expenses.
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