Examlex
An airline has an opening for a pilot for its fleet of jumbo jets. It stipulates that the candidates applying for the job must be at least five feet ten inches tall. The airline states that the aircraft can be safely and efficiently operated only by persons who can easily reach all of the controls in the cockpit. Passenger safety is the prime concern of the airline, and pilots must be a certain height to operate the aircraft. In this case, height is a valid requirement, and using it does not violate the employment discrimination laws. This is an example of:
Aging
A method used to categorize accounts receivable based on the length of time an invoice has been outstanding.
Accounts Receivable
Unpaid customer debts to a company for goods or services that have been supplied.
Bad Debts Expense
An expense reported on the income statement reflecting the cost of estimated uncollectible accounts receivable.
Net Credit Sales
Sales made on credit minus any sales returns or allowances, reflecting the actual credit sales revenue.
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