Which of the Following Is an Accurate Description of the Prevalence

question 21

Multiple Choice

Which of the following is an accurate description of the prevalence of college education in the United States?

• A)Among adults twenty-one years of age and older,roughly half are college graduates.
• B)Among adults twenty-one years of age and older,roughly one in four is a college graduate.
• C)Every U.S.state has at least twenty colleges or universities within its borders.
• D)Despite having a much higher rate of colleges and universities per capita than European countries; the U.S.has a lower rate of college graduation per capita.
• E)Although the U.S.has a lower number of colleges and universities per capita than Europe,it has a much higher rate of college graduation per capita.

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Definitions:

Vouchers Payable

An accounting term that represents the obligation of a business to pay for goods or services that have been received, but not yet paid for.

Purchases Discount

A contra-cost account in the general ledger that records discounts offered by vendors of merchandise for prompt payment of purchases by buyers.

Merchandise

Goods brought into a store for resale to customers.

Purchase Discounts

Reductions in price given by a supplier to a buyer for early payment within a specified period.