Many Companies Have Set Up Direct Links to Approved Suppliers

question 58

Multiple Choice

Many companies have set up direct links to approved suppliers to make the purchase easier and move it closer to the front line decision makers.These direct links are called _________________.

• A) Industry purchasing sites
• B) Google B2B
• C) Intranets
• D) Extranets
• E) T-lines of connection

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of a company's accounts receivable that may ultimately not be collectible.

Bad Debts Expense

Bad debts expense represents the amount of receivables a company estimates it will not be able to collect from customers over a period.

Aging of Receivable Method

An accounting technique used to estimate bad debts by analyzing accounts receivable based on the length of time they have been outstanding.

Allowance for Doubtful Accounts

A contra-asset account that represents the amount of receivables a company does not expect to actually collect.