An Index Based on a Mail Survey of 5,000 Households

question 82

Multiple Choice

An index based on a mail survey of 5,000 households by the Conference Board that measures households' perceptions of general business conditions,available jobs in the households' local area,and expected personal family income in the coming six months is called the:

• A)Consumer Sentiment Index.
• B)Consumer Confidence Index.
• C)Consumer Satisfaction Index.
• D)Consumer Consumption Index.

---

Definitions:

Note Receivable

A note receivable is a financial asset representing a written promise to receive a specific amount of money, with interest, from another party by a certain date.

Percent of Sales Method

A financial analysis tool used to forecast future expenses or accounts such as bad debts, based on a percentage of sales.

Bad Debts Expense

Represents the amount of accounts receivable a business does not expect to collect and charges off as a loss in its financial statements.

Net Credit Sales

The total revenue from sales made on credit minus any returns or allowances.