Explain Why Raising Campaign Funds Is Important to Win a Gubernatorial

question 64

Essay

Explain why raising campaign funds is important to win a gubernatorial election and how donations influence the actions of governors once in office.

---

Definitions:

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered or used but not yet paid for.

Note Duration

Note duration refers to the length of time until a financial note's principal and any accumulated interest are due to be repaid.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal, typically noted on an annual basis.

Direct Write-off Method

An accounting practice where uncollectible accounts receivables are written off directly against income at the time they are deemed noncollectable.