Ask Question
12 December, 11:17

The method that uses a certain percentage of each year's net sales to estimate the uncollectible account is called the:

+5
Answers (1)
  1. 12 December, 11:30
    0
    Percentage of net sales method

    Explanation:

    By using the percentage of net sales method, a business assumes that a certain percentage of the year's net sales will be uncollectible. This method relies on historical correlation between sales and uncollectible account from previous periods and can be highly reliable if a strong correlation can be observed.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The method that uses a certain percentage of each year's net sales to estimate the uncollectible account is called the: ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers