Question: Discuss the various methods for Estimating bad debts. Discuss the features and advantages and disadvantages of each. What are some factors a company has to

Discuss the various methods for Estimating bad debts. Discuss the features and advantages and disadvantages of each.

What are some factors a company has to take into consideration when extending credit to a customer? What are some best practices for a small company when extended credit to customers?

Do some reach on the web and identify at least 7 best practices for collecting bad debt for a small business.

Interview a small business owner and ask them how they handle collections of slow-to-pay accounts or uncollectible accounts.

Research Small claims court in your state and discuss what a person must do to collect a bad debt from a customer in your state.

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