New business cannot account for bad debts because they do not have any historical data in relation to collectible accounts.

Name: New business cannot account for bad debts because they do not have any historical data in relation to collectible accounts.
Brand: Quizplus
Rating: 4.7 (28 reviews)

Question

Quizplus · Accepted Answer

New businesses can estimate bad debts based on industry averages, expected credit policy outcomes, or financial models, even without their own historical data.

New Business Cannot Account for Bad Debts Because They Do