Which of the Following Is Not a Cause of the Decline

question 163

Multiple Choice

Which of the following is not a cause of the decline in the U.S.men's labor-force participation rate over the past several decades?

• A)young men now stay in school longer than their fathers and grandfathers did
• B)older men now retire earlier and live longer
• C)with more women employed,there are fewer jobs now available to men
• D)more fathers now stay at home to raise their children

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Definitions:

Merchandise Inventory

The goods a company intends to sell to customers that are considered current assets on the balance sheet.

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest payments.

Accounts Receivable

Represents money owed to a business by its customers for goods or services delivered on credit.

Merchandise Purchases

The total cost incurred by a retail company to buy goods for resale during a particular accounting period.