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Roughly How Many Incumbents Win Reelection in the House and Senate

question 67

Essay

Roughly how many incumbents win reelection in the House and Senate during a given election year? What explains their rate of success? Are the high rates of reelection a sign of a healthy democracy or not? Explain.


Definitions:

Uncollectible Accounts Receivable

Money owed to a company that it does not expect to collect due to the debtor's inability to pay.

Bad Debt Expense

This represents the amount of receivables a company believes it can no longer collect, reflecting potential losses for accounts receivable or loans that are not expected to be fully paid.

Allowance

A reduction from the gross amount of an asset to recognize a reduction in its value.

Bad Debt Expense

An expense reported on the income statement, representing the estimated amount of receivables that a company does not expect to collect.

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