Question: 1. How do you apply the allowance method to account for uncollectibles? 2. Why is it important for a company to know the days' sales

1. How do you apply the "allowance method" to account for uncollectibles? 2. Why is it important for a company to know the "days' sales in receivables"? 3. What about the accounts receivable turnover ratio? How do both of these help control receivables? Through answers that give a detailed explanation for better understanding... Thanks!

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