_____ Is the Number of Years That an Average Person

question 11

Multiple Choice

_____ is the number of years that an average person (including newborns) can expect to live.

• A) The graying of America
• B) Life expectancy
• C) Life span
• D) 110

---

Definitions:

Accounts Receivable

Receivables from clients or customers for goods sold or services performed by a business, awaiting payment.

Contra-Revenue

Accounts on the income statement that are deducted from gross revenue to arrive at net revenue, including sales returns, allowances, and discounts.

Discount Period

The timeframe during which a payment can be made at a reduced price or with a deduction from the full invoice amount.

Sales Discounts

A reduction in the sale price offered by a seller to a buyer for prompt payment or within a specific time period.