In the United States,the Typical Diet Is High in _______

question 12

Multiple Choice

In the United States,the typical diet is high in _______ and low in ________.

• A)sodium; potassium and chloride
• B)sodium; phosphorous
• C)iron; potassium
• D)sodium and chloride; potassium

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Definitions:

Percent of Sales Method

A financial analysis tool used to forecast future expenses or accounts such as bad debts, based on a percentage of sales.

Bad Debts Expense

Represents the amount of accounts receivable a business does not expect to collect and charges off as a loss in its financial statements.

Net Credit Sales

The total revenue from sales made on credit minus any returns or allowances.

Promissory Note

A fiscal device comprising a binding commitment from one party to another to remit a precise sum of money, which can be demanded anytime or on a predetermined date.