Table 20-13 The Following Table Shows the Distribution of Income in Widgetapolis

question 444

Multiple Choice

Table 20-13
The following table shows the distribution of income in Widgetapolis. ​
-Refer to Table 20-13. Twenty percent of all families have incomes above what level?

• A)$39,000
• B)$60,000
• C)$82,000
• D)$110,000

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Definitions:

Factoring Receivables

Selling receivables to a financing source for an amount less than their face value.

Financial Organization

An entity that provides financial services such as investments, insurance, banking, or brokerage services.

Uncollectible Accounts

Debts owed to a company that are considered to be uncollectible from debtors or customers, often written off as bad debts.

Credit Analysis

The process of evaluating an individual's or organization's ability to repay a loan or debt.