Income Has a Direct Effect on Access to Technology

question 96

Multiple Choice

Income has a direct effect on access to technology. For instance, 42 percent of people who make under $30,000 per year have access to broadband, while nearly ____ percent of people with incomes of $75,000 or more have access to broadband.

• A) 65
• B) 75
• C) 85
• D) 95

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Definitions:

Allowance Method

The method of accounting for uncollectible accounts that provides an expense for uncollectible receivables in advance of their write-off.

Receivables

All money claims against other entities, including people, business firms, and other organizations.

Written Off

The process of recognizing that a portion of a company's assets or receivables has decreased in value and is unlikely to be recovered, thus removing it from the balance sheet.

Account Receivable

A claim against the customer created by selling merchandise or services on credit.