Usually,people Should First Consider Having a Will and Power of Attorney

question 62

Multiple Choice

Usually,people should first consider having a will and power of attorney in which life stage of financial planning?

• A)Early earning
• B)Retirement
• C)Prime earning
• D)Mid earning

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Definitions:

Cash Cycle

The duration of time it takes for a business to convert its investments in inventory and other resources into cash flows from sales.

Receivables Period

The average number of days required for a company to receive payments owed by its customers for goods or services rendered.

Inventory Period

The average length of time items are held in inventory before being sold.

Payables Period

The average time it takes for a business to pay its invoices and bills, reflecting the company's efficiency in managing payables.