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Michelle Carroll is a coworker of yours and she overheard a conversation at work about changes that her boss wants to make in accounting for uncollectible accounts receivable. She does not know a lot about accounting and wants to understand about what she overheard.
In an email, she asks you to explain the following:
- The three different methods that can be used to account for uncollectible accounts receivable, specifically:percentage of receivablespercentage of salesthe direct write-off methods
Reply to her email about these differences.
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Grading Criteria |
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25% |
Explaining the percentage of receivables |
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Explaining the percentage of sales |
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Explaining the direct write-off method |
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15% |
Additional research supporting the initial answer to the IP |
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10% |
Justified ideas and responses by using appropriate examples or personal experience. |
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