The experience of other firms in the same line of business may be used in estimating losses from uncollectible accounts for a new firm.

Name: The experience of other firms in the same line of business may be used in estimating losses from uncollectible accounts for a new firm.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

Other firms in the same line of business can provide insight into typical levels of uncollectible accounts, which can be used by a new firm to estimate its own expected losses in this area.

The Experience of Other Firms in the Same Line of Business