Approximately What Percent of Texans Currently Live in Metropolitan Areas

question 42

Multiple Choice

Approximately what percent of Texans currently live in metropolitan areas?

• A) 20 percent
• B) 51 percent
• C) 69 percent
• D) 85 percent

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Definitions:

Net Credit Sales

The total revenue from sales made on credit, minus any returns or allowances.

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated portion of accounts receivable that may not be collectible.

Uncollectible

denotes accounts receivable that cannot be collected and are therefore written off as a loss by a business.

Adjustment

An entry in bookkeeping that corrects or allocates income and expenditure to the appropriate accounting periods.