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Describe how Excel can be used to calculate an allowance for uncollectible accounts using the percent of sales method and the aging method. Describe how

  1. Describe how Excel can be used to calculate an allowance for uncollectible accounts using the percent of sales method and the aging method.
  2. Describe how to create trend line for a chart.
  3. Describe the following functions in Excel and their arguments: FV, PV, PMT.
  4. Describe the Excel functions used in the Hi-Lo method of predicting costs.

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