1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
What are decision support systems, and what role do they play in the business environment?
saveliy_v [14]
<span>A Decision Support System is a computerized information system that facilitates an organization's decision-making approach. It enables the company to analyze and plow through a massive stream of data, compile the results which could be used to solve problems and make better informed decisions. They play a central of roles in a business environment. They help an organization or business keep inventories of information assets (including legacy and relational data sources, cubes). They also help to compare and contrast sales figures between one period and the next. Dss help in projeected revenue estimate based on product sales assumptions. They also assist in theoretical and technical issues in the support of borderline decision</span>
3 0
3 years ago
6. If the price elasticity of supply is 1.2, and a price increase led to a 5% increase in quantity supplied, then the price incr
PolarNik [594]

Answer:

Price increase is about 4.2%

Explanation:

Price Elasticity of Supply (PES) is a measure of the responsiveness of the quantity of a particular good/service supplied to a change in price.

The price elasticity of supply is mathematically the ratio of the percentage change in quantity supplied to the percentage change in price.

PES = \frac{\%\ change\ in\ quantity}{\%\ change\ in\ price} \\where\\PES= 1.2\\\% change\ in\ quantity = 5\%\\\%\ change\ in\ price = ???\\\therefore 1.2 = \frac{5}{\%\ change\ in\ price}\\ \%\ change\ in\ price = \frac{5}{1.2} \\\%\ change\ in\ price = 4.16\%

5 0
3 years ago
If an organization considers its IS organization as a game changer, then its strategy would be to use IS to achieve competitive
Bad White [126]

Answer:

The answer is false, letter B

Explanation:

Because to be a true statement the strategie would be to achieve competitive advantage by making IS investments that enable new prodcuts and services.

3 0
3 years ago
Nidal Company reported inventory in the 2020 year-end balance sheet, using the FIFO method, as $185,000. In 2021, the company de
Ksenya-84 [330]

Answer:

Dr Retained earnings $14,000

Cr Inventory $14,000

Explanation:

There is a need to make adjustment to the inventory . Therefore,

Adjusted inventory

= New method of $171,000 - Old method of $185,000

= $14,000 decrease

It is to be noted that a lower inventory will have high costs associated with goods sold hence reduces profit/net income for the previous year by $14,000.

Also, the net income reports to retained earnings account hence decreases retained earnings.

Having made the above adjustment, we can assume that the average cost method was used for 2020 books.

3 0
3 years ago
Read 2 more answers
Explain why vaccinations and social-distancings in times of the Corona pandemic are both
pantera1 [17]

Answer:

as they prevent further spreading of the virus. vaccinations create phagocytes which will ingest the virus cells. and self isolation will prevent the virus (which are droplets) from passing onto one another.

7 0
3 years ago
Read 2 more answers
Other questions:
  • A press conference was held and a new commissioner was announced by the governor. The acting commissioner was not aware of the c
    12·2 answers
  • One problem associated with performing personal tasks while driving is
    15·1 answer
  • Describe the purpose of the SEC.
    14·1 answer
  • Ash company reported sales of $410,000 for year 1, $460,000 for year 2, and $510,000 for year 3. using year 1 as the base year,
    14·1 answer
  • The ________ must clearly state your reason for writing and give the recipient a compelling reason to keep reading. select one:
    12·1 answer
  • A(n) _____ is a picture of the relationships among tasks and those employees given authority to do those tasks.
    6·1 answer
  • True or False: Stress is always present.
    12·2 answers
  • Barney decides to quit his job as a corporate accountant (which pays $10,000 a month) and go into business for himself as a cert
    6·1 answer
  • On November 1, 2020, a U.S. company invests in a forward purchase contract for delivery of 1,000,000 Singapore dollars (S$) at $
    6·1 answer
  • Your friend Burrell says that the government should hire fewer social workers in order to reduce the cost of federal assistance
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!