Clay Is Deciding Whether to Drop Out of College and Is

question 19

Essay

Clay is deciding whether to drop out of college and is weighing the pros and cons of the decision.Using information you've learned about unemployment rates and how they relate to a person's level of education,make an argument to convince Clay to stay in school.

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Definitions:

Spontaneous Financing

Financing provided by current liabilities that arise automatically as a result of doing business.

Accounts Payable

Short-term liabilities a company owes to its creditors or suppliers, expected to be settled within one year.

Bank Loan

A sum of money borrowed from a bank that needs to be repaid with interest.

Accrual

An accounting method that records revenues and expenses when they are incurred, regardless of when cash transactions occur.