Dismissal Without Reasonable Notice Must Be Based on Employee Wrongdoing

question 91

True/False

Dismissal without reasonable notice must be based on employee wrongdoing or a failure to perform the job.

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account that estimates the portion of accounts receivable which may not be collectible.

Bad Debts Expense

An expense account reflecting estimated uncollectible accounts receivable.

Percent of Sales Method

A forecasting technique used in finance to predict future variables such as assets, liabilities, and expenses, based on projected sales figures.

Uncollectible

Refers to accounts receivable that a company has determined cannot be collected from customers.