4% to $127 million, well within the bad debt allowance
of $430 million.
The improvement in sales and marketing expenses was a result of lower product demonstration costs, lower bad debt allowance
requirements due to accounts receivable collection and aging improvement, and a quarter over quarter decline in sales expenses associated with the Company's Spine business following the restructuring of its Americas sales organization in 2009.
The company said it is currently evaluating whether it needs to record expenses related to the impairment of investments made by its Japanese subsidiary and bad debt allowance
related to accounts receivable from its Chinese distributor.
Baker Corporation has sold goods to Charlie Company for more than 15 years and never once had a problem with collections; hence, Baker makes no bad debt allowance
25 billion--still exceeding the bad debt allowance
The downgrade also reflects MSHA's weakened liquidity position due to the volatile market conditions and an increase in MSHA's bad debt allowance
Bad debt allowance
for the six months ended June 30, 2008 was $12.
0 million Bad debt allowance
account against various investments within our portfolio.
Adjusted EBITDA of ($535,916), which includes approximately $350,000 of Sarbanes Oxley related expenses and approximately $200,000 of additional bad debt allowance
due to increased sales activity
Another manipulative practice uncovered by internal CEC audits is delaying reporting on dropped students until after the close of a reporting period, because drops require a higher bad debt allowance
Estimated negative impact on fiscal year 2003 caused by poultry industry profitability: Reduced Reduced Reduced Net Sales Gross Margin Income Before Tax Idle Plants $1,376,000 $960,000 $960,000 Reduced Plant Thruput 276,000 193,000 193,000 Asset Impairment 100,000 Bad Debt Allowance
27,000 $1,652,000 $1,153,000 $1,280,000
Management noted that the reduction in revenues in the current quarter, when compared to the same period last year, reflects the sales and marketing reorganization of the PST business including the termination of the Dumex Agreement in June 2000, lower test volume from Straumann USA and a one-time adjustment for bad debt allowance