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Under the allowance method,the entry to record the bad debts estimate includes a:
Forecasting Data
The use of historical data and analysis to make informed predictions about future trends, sales, demands, or other metrics.
Scenario Analysis
A method of evaluating potential future occurrences through the exploration of different potential outcomes or situations.
SWOT Analysis
A strategic planning tool used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.
"If...Then..."
A logical statement or conditional expression indicating that if one thing happens, then another will follow.
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