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To take advantage of the growth of mobile device use, many retailers like Macy's are using Mobile Check-in Strategies and partnering with companies like ______________________ that use mobile apps to alert retailers when a customer is in their store.
Direct Write-off Method
A method of accounting for bad debts that involves charging unpaid invoices directly to the expense account when they are determined to be uncollectible.
Allowance Method
An accounting technique used to estimate uncollectible accounts receivable and record them as an expense.
Bad Debts
Money owed to a company that is considered irrecoverable and is written off as a loss.
Outstanding Balances
The total amount of money owed that has not yet been paid.
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