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– Nelson Mandela

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Chapter 7 Weekly Discussion

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Q Chapter 7 - Weekly Discussion 1. Describe the difference(s) between "allowance method - percent of sales" and "allowance method - percent of accounts receivable" RUBRIC: **5 points are awarded for a post that correctly and the answer with proper punctuation and grammar. This post is typically is a full paragraph with at least 5-8 sentences. **3 points are awarded for a post that is "mostly" correct and complete with proper punctuation and grammar. This post is typically close to a full paragraph with at least 3-5 sentences. **1 point is awarded for a post that is incorrect and/or incomplete. **0 points are awarded to those that do not answer the question

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Difference(s) between "allowance method - percent of sales" and "allowance method - percent of accounts receivable" Allowance method/percent of sales is the strategy under which a resource was assembled in directive to an account for the poor obligations. When the business or place is encountering uncollectible records that it will also assemble an appropriation. Under the appropriation strategy percentage of deals technique, an allocation is created for poor obligations founded on the quantity of sales.