<u>Explanation:</u>
The financial planning process is defined as a collection of actions carried out by an individual in other to manage their finances and to achieve personal economic freedom or satisfaction.
<u>List the elements of a good financial plan includes;</u>
- It should be aimed at protecting financial resources
- should be focused on debt avoidance
- It should take into account future expenses.
<u>Important personal and economic factors:</u>
Your income: it is important to know what your finances are in other to make the right decisions.
Your savings: By knowing the amount of spare money one has would allow the decides if he can bring in new expenses.
Your living expenses: This is a necessary factor to consider in other to meet or set achievable financial goals.
Answer:
The present value = $3,602.30
Explanation:
To calculate this, we will use the formula for calculating the future value for an amount invested, compounded semiannually at a certain interest rate. This is done as follows:
where:
FV = Future value = $4,500
PV = Present value = ??
r = interest rate = 4.5% = 4.5/100 = 0.045
n = number of compunding period per year = semiannually = 2
t = time = 5
Therefore, the present value = $3,602.30
Answer:
cross-functional team
Explanation:
According to my research on different team organizational structures, I can say that based on the information provided within the question this team exemplifies a cross-functional team. This type of team is defined as a team of various people all of which are experts in different areas but yet are all working together towards the same goal. Which is what the employees of Color Paints Inc. are exhibiting.
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Answer:
A) All of the contacts described provide sufficient contacts for in personam jurisdiction.
- c. The Michigan defendant got into an automobile accident in Ohio.
- d. The Michigan defendant signed a contract in Ohio with an Ohio business.
- e. The Michigan defendant sold products in the state of Ohio that injured the purchasers.
Explanation:
In legal terms, in personam (Latin for "directed toward a particular person") means that a court can serve a defendant wherever he/she is.
In this case, a Michigan citizen can be judged in an Ohio court if he/she committed any of the cited actions:
- participated in a car accident in Ohio
- signed a contract in Ohio
- sold products in Ohio
In other words, if you live in any state but are involved in certain events or business transactions in another state, you can be judged by a court of the other state.
In order to write the proposal, i will first count all the expense that should be paid for using both off-site storage and the computerized system.
After that, i will compare the cost to the benefit that the department will get if we're changing into the computerized system (such as larger space, faster processing, more secure, etc)