Examlex
If, for a given percentage increase in price, quantity demanded falls by a proportionately smaller percentage, then demand is
Allowance Method
An accounting technique used to account for bad debts, where an estimated amount is deducted from accounts receivable to reflect possible non-collection.
Bad Debts
are amounts owed to a company that are considered uncollectible, leading to a financial loss.
Percentage of Sales
A financial analysis tool used to forecast future expenses, based on a fixed percentage of the total sales.
Allowance for Doubtful Accounts
A contra asset account on a company's balance sheet that estimates the amount of receivables that may not be collected.
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