The Dependency Ratio Reflects Which of the Following

question 14

Multiple Choice

The dependency ratio reflects which of the following?

• A) The number of children under the age of 18 living in the United States
• B) The number of people dependent upon others for activities of daily living (ADLs) and instrumental activities of daily living (IADLs)
• C) The number of people under age 15 and over age 64
• D) The number of people over age 75

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Definitions:

Accounts Payable

Amounts owed by a company to suppliers or creditors for goods and services received but not yet paid for.

Supplies

Materials and items consumed or used in the day-to-day operations of a business but not directly tied to the products manufactured.

Utilities Expense

The cost incurred by a business for basic services such as electricity, water, gas, and sewage during an accounting period.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the ownership value.