ALLOWANCE FOR DOUBTFUL ACCOUNTS
This is a contra-asset account that takes note the part of the receivables of the company that it expects not to be collected. This allowance is just an estimate of the receivable of the company that they expect will not be paid by their customers. But the payment behavior of the customers is not affected and reflected by the estimate.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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