Use the Following to Answer Question(s): Income Distribution in the United

question 138

Multiple Choice

Use the following to answer question(s) : Income Distribution in the United States

-One explanation for why the poor tend to receive more noncash assistance than cash assistance is that:

• A) the poor are better off with noncash assistance.
• B) the poor prefer to receive noncash assistance.
• C) taxpayers prefer to give cash assistance.
• D) those who supply noncash services have more political power than the poor.

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Definitions:

Direct Write-off Method

An accounting practice where uncollectible accounts receivable are directly removed from the books at the time they are deemed nonrecoverable.

Days' Sales in Receivables

A financial ratio that measures the average number of days that receivables remain outstanding before being collected.

Trade Receivables

Amounts owed to a business by its customers for goods or services delivered on credit.

Sales Transactions

The exchange of goods or services for payment between a seller and buyer, typically documented for financial record-keeping.