Publisher's Synopsis
Excerpt from The Probability Distribution of Future Bad Debt Losses for a Given Portfolio of Accounts Receivable
On a credit basis, accounts receivable tend to represent a more significant portion of the assets of many businesses. Consequently, the valuation of accounts receivable has become more important. This valuation, however, poses a problem since in spite of the best credit granting policies and collection practices, some fraction of accounts receivable will undoubtedly prove to be uncollectible and become bad debt losses. The accepted vehicle for adjustment in.
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