Examlex
Explain the low-high approach in selecting jobs for inclusion in a compensation survey.
Specific Customer
A particular or individual client to whom products or services are sold or provided.
Allowance Method
An accounting technique that estimates and deducts accounts receivable that may not be collectible, to more accurately represent a company's financial position.
Net Realizable Value
The estimated selling price of goods minus the cost of their sale or disposal, used in valuing inventory to reflect the net amount that can be realized.
Allowance for Doubtful Accounts
An estimation of future uncollectible amounts from customers, reducing the accounts receivable balance to a more realistic figure.
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