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Question 1 L06 Austin cannot understand why the recoverable amount of accounts receivable does not decrease when an uncollectable account is written off under the allowance method. Clarify this point for him. Type your answer here. Question 2 LO5 What are the differences between a note receivable and an account receivable? Type your answer here. Question 3 LO8 Mitch's Delivery is in its second year of operation. All sales are on credit and the business has a credit term of 45 days. You have just worked out that the receivables turnover is 6 times this year. Comment on the effectiveness of the collection policy. Type your answer here