If a Credit Customer Fails to Pay an Accounts Receivable,the

question 31

True/False

If a credit customer fails to pay an accounts receivable,the company may ask the customer to sign a promissory note.

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Definitions:

Odds

A measure of the likelihood of a specific outcome in an event, often used in gambling and statistics.

Probability

The extent to which an event is likely to occur, measured by the ratio of the favorable cases to the whole number of cases possible.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Probability

A measure or estimation of how likely it is that an event will occur, expressed as a number between 0 and 1.