Why Do You Think That a Great Majority of Adults

question 82

Essay

Why do you think that a great majority of adults age 20 to 34 in the United States,and 25 percent of adults age 25 and older-as compared to just 9 percent in 1960-have never been married? Provide information from the chapter to support your answer.

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Definitions:

Balance Sheet

A list of the assets, liabilities, and owner’s equity as of a specific date, usually at the close of the last day of a month or a year.

Cash Realizable Value

The net amount of cash expected to be received from accounts receivable and other assets, taking into account any allowances for doubtful accounts.

Note Receivable

A financial document representing a borrower's promise to pay back a specified amount of money plus interest to a lender at a future date.

Allowance for Doubtful Accounts

An accounting provision representing the estimate of uncollectable accounts receivable.