Examlex
If you were working for a large pharmaceutical company and building a sales report on the current prescription writing habits of doctors,what type of information repository would you be most likely working with?
Bad Debt Expense
An estimated expense that represents the amount of receivables a company does not expect to collect due to customer defaults.
Allowance for Doubtful Accounts
A financial accounting provision representing the estimated amount of receivables that may not be collected.
Receivables
Amounts owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.
Accounts Receivable Turnover
A financial ratio that measures how effectively a company collects on its credit sales by dividing total credit sales by the average accounts receivable.
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