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You are the recruiter for an ophthalmologic products company.Your firm needs a scientist with a highly-specialized background.You have been unable to lure any scientist with the needed qualifications to your firm,even though you have offered a very high salary.After intensive searching,you have found a Canadian-educated,Peruvian scientist with impeccable credentials who is interested in moving to the U.S.Which problem are you most likely to encounter?
Necessary Cash
The minimum amount of cash required by a company to carry out its day-to-day operations.
Contra Asset Account
An account on a company's balance sheet representing deductions from the gross amount of an asset, such as accumulated depreciation on fixed assets.
Allowance for Doubtful Accounts
An accounting method used to estimate the portion of a company's receivables that may not be collected, reducing the accounts receivable balance accordingly.
Uncollectible Accounts
Uncollectible accounts are receivables that a company deems uncollectable and likely will not be recovered, often written off as a bad debt expense.
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