How Does Serving Multiple Prison Terms Compound the Financial Fragility

question 3

Multiple Choice

How does serving multiple prison terms compound the financial fragility of lower socioeconomic individuals?

• A) Prison terms erode marketable skills and mean lost income and lower earnings upon release.
• B) Multiple prison terms result in career criminal lifestyles to replace lost income.
• C) Multiple prison terms result in an inability to pass on wealth to the next generation.
• D) The loss of voting rights, income, and other privileges results in anomie and disempowerment, and makes a person virtually unhireable.

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Definitions:

Receivables Turnover Ratio

A financial metric that measures a company's effectiveness in extending credit and collecting debts, calculated by dividing net credit sales by the average accounts receivable.

Net Sales

The amount of sales revenue remaining after deducting returns, allowances for damaged or missing goods, and discounts.

Accounts Receivable

Funds that customers owe to a business for products or services that have been received but remain unpaid.

Bad Debt Expense

The cost associated with accounts receivable that a company is unable to collect.