What Percentage of the World's Population Subsists on Incomes of Less

question 92

Multiple Choice

What percentage of the world's population subsists on incomes of less than $2 a day?

• A) 33 percent.
• B) 50 percent.
• C) 60 percent.
• D) 70 percent.

---

Definitions:

Income Summary

An account used in the closing process that summarizes revenues and expenses for a period, transferring the net amount to retained earnings.

Sales Returns

Transactions where customers return defective, unsatisfactory or unwanted products back to the seller, resulting in a reversal of revenue.

Accounts Receivable

Financial obligations of customers towards a business for delivered but unpaid goods or services.

Operating Cycle

The duration of time it takes for a company to buy inventory, sell it to customers, and collect the cash from sales.