___% of Single Parent Families and ___% of Two-Parent Families

question 387

Multiple Choice

___% of single parent families and ___% of two-parent families use some form of non-parental care for their children.

• A) 40; 30
• B) 60; 50
• C) 50; 60
• D) 70; 60

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Definitions:

Bad Debt Recovery

Occurs when a previously written-off debt is recovered either partially or fully after receiving payment from a debtor.

Allowance Method

An accounting technique used to account for bad debts by estimating uncollectable accounts at the end of each period.

Bad Debts Expense

An expense reported on the income statement, representing the amount of accounts receivable that is not expected to be collected.

Accounts Receivable Turnover

A measure of how efficiently a company collects cash from credit sales, calculated as sales divided by the average accounts receivable.