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Finger [1]
2 years ago
5

Which best describes the role of financial planning?

Business
1 answer:
Savatey [412]2 years ago
5 0

The role of financial planning can be described by allowing someone to have lesser obstacles in an economy of a country.

Option D is the correct answer.

<h3>What is a financial plan?</h3>

A financial plan is a statement defining the company's recent finances, the objectives and the strategies to attain those objectives.

Financial planning helps in the creation of budgets for future uses, formulate the ways for minimizing or saving the charges to be incurred in the future and execute the ways of accumulating and increasing the wealth of an organization.

Therefore, the explanation provided in part D would best describe the role of financial planning.

Learn more about the financial plan in the related link:

brainly.com/question/8822382

#SPJ1

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A chocolatier produces truffles and sells each 1 pound box of truffles for $20. However, the chocolatier knows that some consume
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Answer:<em><u> Offering a discount to students and seniors</u></em> will allow the chocolatier to know which types of consumers are likely to have a lower willingness to pay.

Here the price discrimination should be in respect with the demography i.e. allow the chocolatier to sell truffles to the consumer based on their age groups.

<u><em>The correct option is (3).</em></u>

4 0
3 years ago
Khrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning
zloy xaker [14]

Answer: A.) $32.64 per machine hour

Explanation:

Given the following :

Estimated machine hours = 41,000 machine hours

Estimated variable manufacturing overhead = $4.16 per machine hour

Estimated total fixed manufacturing overhead = $1,167,680

Total Estimated manufacturing overhead :

(Estimated total variable manufacturing overhead + Estimated total fixed manufacturing overhead)

Estimated total variable manufacturing overhead:

$4.16 × estimated hours

= $4.16 × 41,000

= $170560

Total Estimated manufacturing overhead :

$170560 + $1,167,680 = $1338240

Hence,

Predetermined overhead rate :

Total Estimated manufacturing overhead / estimated hours

= $1338240 / 41000

=$32.64

4 0
3 years ago
LO 8.3What are some possible reasons for a direct labor time variance?
kifflom [539]

Answer:

The correct answer is letter "B": less qualified workers.

Explanation:

Direct labor rate variance analyses the current cost of direct labor and the regular cost of direct labor over the same operations period. Direct labor rate variance can be caused due to minimum wage increase, hiring less qualified employees or inappropriate cost budget setting.

5 0
3 years ago
Describe two types of drugs and the negative impact the abuse of these drugs can have on a person’s health
lozanna [386]
Cigarettes, it ruins your teeth, skin, hair, and plenty others.
steroids, it stunts your growth.
4 0
3 years ago
Read 2 more answers
A company reported net income of $6 million. During the year the average number of common shares outstanding was 3 million. The
malfutka [58]

Answer:

The EPS is approximately:

it can be any of them:

  • if preferred dividends = $4,800,000, then EPS = $0.40 (option A)
  • if preferred dividends = $720,000, then EPS = $1.76 (option B)
  • if preferred dividends = $0, then EPS = $2 (option D)

EPS = (net income - preferred dividends) / outstanding shares = ($6,000,000 - preferred dividends) / 3,000,000 shares

The Price/Earnings ratio is approximately:

  • if EPS = $0.40, then PE ratio = 12.5 (option D)
  • if EPS = $1.76, then PE ratio = 2.84 (option C)
  • if EPS = $2, then PE ratio = 2.5 (option B)

Price/earnings (PE) ratio = share price / EPS = $5 / EPS

EPS cannot be $1.80, since PE ratio = 2.78 and that is not an option.

Some companies have a higher share price for the same level of earnings. Why?

Some stocks like Amazon have a very low EPS, form any years its EPS was very low bu its stock price kept rising. The stock price is based mostly on potential future earnings, not current earnings. A company that is being liquidated might have a high EPS, but a very low stock price since it will stop operating soon.  

7 0
3 years ago
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