The United Nations Projects That Global Population in the Year

question 50

Multiple Choice

The United Nations projects that global population in the year 2050 will be

• A)9.7 billion.
• B)11 billion.
• C)13.7 billion.
• D)greater than 15 billion.

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Definitions:

Sales Return

goods returned by the customers to the seller after the sale, reducing the gross sales figure.

Gross Profit

The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Net Sales

The revenue a company earns from sales after subtracting returns, allowances for damaged or missing products, and discounts.

Allowance for Doubtful Accounts

A contra-asset account used to estimate the portion of accounts receivable that is expected to be uncollectible.