What Is the Dependency Ratio

question 21

Multiple Choice

What is the dependency ratio?

• A)the number of children men support
• B)the percentage of women who work outside the home
• C)the amount of people that can be supported by an acre of land
• D)the number of literate adults relative to the total number of adults in a population
• E)the number of nonworking compared to with working individuals in a population

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Definitions:

Chart of Accounts

A systematic list of all account titles and numbers being used by an organization to track financial transactions and prepare financial statements.

Interest Expense

The cost incurred by an entity for borrowed funds, considered as a non-operating expense on the income statement.

Perpetual Inventory System

An accounting method that continuously updates inventory records for each addition or subtraction, reflecting current inventory levels in real-time.

General Journal

A foundational accounting record where all transactions are initially recorded using double-entry bookkeeping before being posted to specific accounts in the general ledger.