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An Age Pyramid with a Broad Base That Quickly Slopes

question 16

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An age pyramid with a broad base that quickly slopes up to a narrow top would be indicative of ________.


Definitions:

Subsidiary Ledger

A detailed ledger that contains the accounts of specific areas of business, supporting data for accounts in the general ledger.

Accounts Receivable

Financial obligations of customers towards a business for delivered products or services awaiting payment.

Discount Period

The time frame within which a payment can be made at a reduced rate.

Asset Account

An account on a balance sheet representing resources owned by a company that have economic value.

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