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Answer:
True
Explanation:
Generally a person makes the most money when he/she is 40 to 55 years old, and that are the same years when their total expenses are also higher. One of the highest costs are education costs, specially their children's college costs.
Assume that your children are born when you are 30-35 years old, and 22 years later they are finishing college. That fits the time period when your income peaks, and that is why you have to try cover all education expenses before turning 60.
Once you retire, around age 65, your expenses tend to level down, and if you were able to have some accumulated wealth, then it is always a good idea to set some apart to pay for your grandchildren's college. That way you are helping both your children (reducing their costs) and your grandchildren.
Answer:
Analytical reports are written for external audiences; informational reports are written for internal. An informal writing style is appropriate for external reports
Explanation:
Meaning of Informal Writing Style
Colloquial – Informal writing is similar to a spoken conversation. Informal writing may include slang, figures of speech, broken syntax, asides and so on. Informal writing takes a personal tone as if you were speaking directly to your audience (the reader).
I hope that this helps you
Answer:
The answer is: a
Explanation:
Ethics refer to moral values which govern a person or in this instance, an organisation. Business ethics encompasses the use of appropriate business policies and practices by companies when handling controversial matters such as corporate social responsibility, bribery, workplace discrimination and so on. These policies and practices are governed by the company's values. ABC company has a dismal code of ethics when it comes to their overseas production. The company is enjoying low cost production at the expense of its employees working under hazardous conditions with very little pay. These employees will potentially suffer long-term illness as a result of their work and they would not be able to afford treatments or requisite medication. These actions by ABC company are morally unjust and therefore not ethical in the lieu of their operations.
Answer and Explanation:
The computation of receivables turnover ratio and average collection period for Sun Health and Select Medical is shown below:-
For Sun health
Accounts Receivables Turnover Ratio = Net Sales ÷ Average Accounts Receivables
= Net Sales ÷ ((Accounts Receivables at the beginning + Accounts Receivables at the end) ÷ 2)
= $3,630 ÷ (($300 + $287) ÷ 2)
= $3,630 ÷ 293.5
= 12.4 times
Average Collection Period = Number of days in a year ÷ Accounts Receivables Turnover Ratio
= 365 ÷ 12.37 times
= 29.5 days
For Sun medical
Accounts Receivables Turnover Ratio = Net Sales ÷ Average Accounts Receivables
= Net Sales ÷ ((Accounts Receivables at the beginning + Accounts Receivables at the end) ÷ 2)
= $3,940 ÷ (($499 + $438) ÷ 2)
= $3,940 ÷ 468.5
= 8.4 times
Average Collection Period = Number of days in a year ÷ Accounts Receivables Turnover Ratio
= 365 ÷ 8.41 times
= 43.4 days