Web 30 Brings Machines Closer Together Using Information

question 42

Short Answer

Web 3.0 brings machines closer together using information.These new relationships unite people,machines and information so a ___________ can be smarter,quicker,more agile and more successful.

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Definitions:

Direct Write-off Method

A method of accounting for bad debts that directly writes off unpaid invoices when they are deemed uncollectible.

Uncollectible Receivables

Debts owed to a company that are unlikely to be paid by the debtor, considered as a loss.

Allowance for Doubtful Accounts

A reserve for accounts receivable that may not be collectible and is considered a contra asset on the balance sheet.

Bad Debt Expense

Represents the cost associated with accounts receivable that a company deems uncollectible, affecting the net income on its income statement.