Please write on computer

What did you learn from that source? Is there anything that you would recommend to that source for improving, and why?

For example

, percent of sales is a method of financial forecasting that involves estimating the level of an expense, asset, or liability for a future period as a percent of the sales forecast. In many businesses, managers have to deal with situations, where they don't have all the data necessary. Therefore, they use the percentage of sales method to predict a future performance of the business.

Let's say we are using the percent of sales method to record estimated bad debts expense of a company that had $1,000,000 in credit sales for the year, but at the same time thinks that 5% of all credit sales won't be collected. Then we'd have to adjust it, so the year end adjusting entry, would be:

Date	Explanation	Debit	Credit
December 31, 2016	Bad Debts Expense	$50,000
	Allowance for Doubtful Accounts		$50,000

($1,000,000 x 0.05 = 50,000)

I decided to watch a YouTube video, cause I'm a more visual person. It simply taught me how to do the calculation and how important those are for the future of the company.