Life Expectancy at Birth for the World Rose from 24

question 81

Multiple Choice

Life expectancy at birth for the world rose from 24 years to 26 years between 1000 and 1820, but  by 2010, life expectancy had risen to

• A) 36 years.
• B) 44 years.
• C) 52 years.
• D) 70 years.

Comprehend the role and calculation of gross profit in the income statement.

Identify the components and structure of income statements for merchandising companies.

Recognize the different elements of the operating cycle and operating expenses in merchandising and service companies.

Understand the concept of contra accounts and their impact on financial reporting.