Figure 19-6 -Using the Information Provided in Figure 19-6 Above,what Is the Is

question 106

Multiple Choice

Figure 19-6
-Using the information provided in Figure 19-6 above,what is the MOST LIKELY profile of a Facebook visitor in late 2011?

• A) a male, under 25 years old, earning less than $25, 000, with at most a high school diploma
• B) a female, 55 + years old, earning $25,000 to $49,999 with at least a college degree
• C) a female, 45 to 54 years old, earning $25, 000 to $74,999, with some college education
• D) a male, 18 to 34 years old, earning $25,000 to $9,999, with a bachelors degree
• E) cannot be determined from the information provided

---

Definitions:

Bad Debts

Accounts receivable that a company does not expect to collect and therefore writes off as a loss.

Allowance for Doubtful Accounts

A contra-asset account that estimates the portion of accounts receivable which may never be collected.

Collections

The process of pursuing payments of debts owed by individuals or businesses, typically involving accounts receivable teams or collection agencies.

Selling Goods on Account

The process of selling merchandise to a buyer where payment is to be made at a future date as agreed.