Essay
Assume that you will be up for a promotion next month and you'd like to impress your boss with your data analytic skills.The company you work for normally books the current month's bad debit for the same amount as the prior month's actual accounts receivable write-offs.Using your general accounting knowledge,explain why this process is not the best method.Next,assuming that you will use a regression analysis,explain the process and describe the data/information you would request/include to perform the analysis.
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Correct Answer:
Verified
1.GAAP states that the...
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