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A binary choice model can be used,for example,to predict the chances of a candidate of winning an election.
Net Income
The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenues.
Written Off
Refers to the accounting action of declaring that a portion of a debt or asset value is considered uncollectable or worthless.
Uncollectibles
Accounts receivable that are recognized as not being collectible, representing losses to the company.
Allowance for Doubtful Accounts
A contra-asset account that reduces the total receivables on the balance sheet by an amount estimated to be uncollectible.
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