Alpha Company's accounts receivable and allowance for doubtful accounts balances were $100,000 and $14,000 (credit)respectively, at the beginning of 2014. During 2013, a customer defaults on a $12,000 balance related to goods purchased during 2011. By the end of the year, the company had made credit sales of $2,400,000 and collected $2,200,000 on account. It now estimates that 1 percent of its credit sales will default.
Definitions:
Personality Style
The combination of characteristics or qualities that form an individual's distinctive character or way of interacting with the world.
Need For Achievement
A psychological drive that stimulates individuals to pursue and attain goals or accomplishments.
Award-Winning
Characterizes individuals, groups, or projects that have received recognition or prizes for their achievements.
Attribution Analysis
The study of how people interpret and understand their own behavior and the behavior of others by attributing feelings, beliefs, and intentions.
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