The Textbook Tells Us That Getting a Professional Degree Will

question 153

Multiple Choice

The textbook tells us that getting a professional degree will increase yearly earnings (on average) by _____ over a bachelor's degree alone.

• A) about 60%
• B) about 90%
• C) about 100%
• D) more than 120%

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Definitions:

Accrued Interest

Interest that has been incurred but not yet paid, often associated with bonds and loans.

Note Payable

A financial liability representing a written promissory note to pay a specific sum of money to another entity on a specific future date or on demand.

Debit/Credit

Accounting terms where a debit increases asset or expense accounts, and decreases liability, revenue or equity accounts; a credit does the opposite.

Adjusting Entry

An accounting entry made into a journal at the end of an accounting period to allocate income and expenditure to the appropriate periods.