$5.00 1.When writing-off an uncollectible rece
1.When writing-off an uncollectible receivable, how does the journal entry differ under the Direct write-off method versus the Allowance method? In your own words, please. 2.How does an Account Receivable differ from a Note Receivable? 3.What does an Accounts Receivable Turnover ratio tell us? 4.Generally, would we expect companies selling directly to customers to have a high turnover rate? What makes that type of transaction different from companies selling to other businesses? 5.Describe for me a few characteristics of a fixed asset.