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BrightStar Day School needs an application to calculate the total monthly tuition charge for students.The tuition schedule is shown below:
Class Fee per Month
Tuesday (T) and Thursday (R)
Monday (M), Wednesday , and Friday (F) Students in the Tuesday and Thursday class can attend on Friday for an extra fee of $10 for each Friday attended.Rewrite the following algorithm to correct any logic errors:
If TR class and attend on Friday
Tuition = 135 + 10
Else
If MWF
Tuition = 120
End If
End If
Sales On Account
Transactions where goods are sold and payment is deferred, creating an account receivable for the seller.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Financial Statements
The comprehensive reports that summarize a company's financial performance, position, and cash flows over a specific period.
Current Ratio
An assessment tool that determines an enterprise's capability to settle short-term due debts by dividing its immediate assets by its immediate liabilities.
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