A Child Must Be a Minimum Age to Have a Will

question 7

True/False

A child must be a minimum age to have a will.

---

Definitions:

Net Working Capital

The difference between a company's current assets and its current liabilities, measuring its short-term financial health and its ability to cover short-term obligations.

Accounts Receivable

Accounts receivable represents the money owed to a company for goods or services delivered or used but not yet paid for by customers.

Discounted Payback Period

The time it takes for an investment to generate cash flows sufficient to recover the initial cost, adjusted for the time value of money.

Straight-line Depreciation

A method of calculating the depreciation of an asset which assumes the asset will lose an equal amount of value each year over its useful life.