Trenton, Age 50, Has Down Syndrome

question 12

Multiple Choice

Trenton, age 50, has Down syndrome. Compared to unaffected adults his age, Trenton is at greater risk for developing ______.

• A) Huntington's disease
• B) Alzheimer's disease
• C) heart disease
• D) cystic fibrosis

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Definitions:

Average Collection Period

The average amount of time it takes for a company to receive payments owed by its customers.

Net Accounts Receivable

The total amount of money owed by customers for purchases made on credit, minus any provision for doubtful accounts.

Sales Returns

Transactions where customers return previously purchased merchandise, resulting in a refund or credit.

Bad Debt Expense

An expense recorded to account for receivables that are not expected to be collected, reflecting credit losses in the financial statements.