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enyata [817]
3 years ago
10

The main reason people save during their working years is: a. a preference toward matching income with spending over time. b. a

high time preference for the present. c. an expectation that they will die early. d. a preference for a smooth consumption path over time.
Business
2 answers:
FrozenT [24]3 years ago
6 0

Answer: The correct answer is "d. a preference toward a smooth consumption path over time.".

Explanation: The main reason people save during their working years is a preference toward a smooth consumption path over time since they prefer to consume what is just and necessary so that in the future, even if they are affected by different circumstances, they can continue to maintain the same standard of living and / or consumption.

Misha Larkins [42]3 years ago
4 0

Answer:

The correct answer is a. a preference toward matching income with spending over time.

Explanation:

The main reason people save during their working years is to spend it when their income are lower at the time of their retirement.

So,  from the given options the correct answer is  a. a preference toward matching income with spending over time.

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Explanation:

The accounts receivable account simply refers to an asset account on the balance sheet which represents the money that is due to a business in the short term. It should be noted that the accounts receivables are created when goods are bought on credit by the buyer.

In such case, when the goods are sold on credit to the buyer, this will lead to a debit on the account receivable account and this will bring about an increase to the company's assets.

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Answer:

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3 years ago
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Phantasy [73]

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7 0
3 years ago
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polet [3.4K]

Answer:

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The chart of accounts can differ greatly from company to company simply because companies engage in vastly different economic activities.

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drek231 [11]
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