Which of the following is an example of the type of regulations imposed by local governing agencies?

When setting reimbursement rates, state systems do not take into account the variation in wages across rural and urban communities.

It is highly advised to monitor federal government websites on a regular basis for changes in pending legislation or applicable laws.

Which statement regarding on-site accreditation visits is true?

Obtaining a license for a child care facility is required in all states.

Which of the following indicates a classroom environment with an established sense of place?

Programs are not permitted to advertise their accreditation status.

Those providing child care in their home do not require additional insurance.

A buyer of $7,300 in merchandise inventory failed to take advantage of the vendor’s credit terms of 3/15, n/45, and instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of:

Jennings Company has total assets of $435 million. Its total liabilities are $115.5 million. Its equity is $319.5 million. Calculate the debt ratio. Note: Round your answer to 1 decimal place.