Question 1 (2 points) As a senior member of your company's accounting department, you are attending a meeting with managers from other areas. One of the marketing managers asks: "I don't understand why we put so much cash away in our allowance for doubtful accounts account. Why don't we just worry about accounting for bad debts when we actually know which specific customers don't pay? That way we could use this cash balance more productively." Prepare a brief but complete response to the manager's question. (2 marks - 6 minutes) tv 16