Juan Is a First-Year College Student

question 39

Multiple Choice

Juan is a first-year college student. He has about a _____ percent chance of earning a bachelor's degree.

• A) 20
• B) 40
• C) 60
• D) 80

---

Definitions:

Bad Debt Expense

The cost associated with accounts receivable that a company is unable to collect.

Uncollectible Accounts

Debts owed to a company that are considered to be uncollectible and are thus written off as a bad debt expense.

Allowance Method

An accounting technique used to estimate uncollectable accounts receivable within a company's financial statements.

Bad Debt Expense

An accounting term representing the amount of revenue considered uncollectible from credit sales.