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Serggg [28]
1 year ago
15

Explain the five financial steps in the financial planning process? please help

Business
1 answer:
Andru [333]1 year ago
3 0

Answer: Plan your financial future in 5 steps

Step 1: Assess your financial foothold. ...

Step 2: Define your financial goals. ...

Step 3: Research financial strategies. ...

Step 4: Put your financial plan into action. ...

Step 5: Monitor and evolve your financial plan.

Explanation:

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Carla and John enter into a partnership and form a business. Under the partnership agreement, Carla is directly responsible for
Cloud [144]

Answer:

limited liability partnership

Explanation:

From the question, we are informed about Carla and John who enter into a partnership and form a business. Under the partnership agreement, Carla is directly responsible for the management of the firm and its liabilities. John has a minor financial stake in the firm and works there, but he is not held responsible for the taxes and debts owed by the firm. In this case, under context of the legal forms of business, Carla and John have formed a limited liability partnership. limited liability partnership can be regarded as flexible legal as well as tax entity which give room for

partners to benefit from economies of scale through their working together as with this there would be reduction in their liability for the actions of other partners. As regards any legal entity, the law of

should be checked before one get too excited.

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4 0
3 years ago
Orientation responsibilities are normally shared between:
frosja888 [35]

Answer:

d. the HR department and the new employee's immediate manager.

Explanation:

An "employee orientation" is part of a new employee's <em>onboarding process, </em>before he's trained. It often happens on the<em> first day of employment</em>. It allows the new employee to <em>feel welcomed in the company, </em>which will make him more successful in achieving his goal.

It is the role of the HR department and<em> direct manager</em> or immediate manager to conduct the orientation. It is the role of the HR to give the employee the <em><u>company handbook</u></em> and <em><u>sign contracts</u></em>. On the other hand, the immediate manager i<u><em>ntroduces the new employee to his colleagues</em></u> and<em><u> gives him a tour of the company's premise</u></em>. Some immediate managers provide a welcome party.

6 0
3 years ago
Suppose fairness is defined as those with the highest incomes can afford to pay a greater proportion of their income in taxes. T
Sati [7]

Answer:

c. A progressive tax on income.

Explanation:

Suppose fairness is defined as those with the highest incomes can afford to pay a greater proportion of their income in taxes. Then the following taxation systems would be consistent with this notion of fairness is a progressive tax on income.

A progressive tax is a taxing system in which the tax rate increases as the taxable amount increases.

"Progressive" as a terminology refers to the way the tax rate progresses from low to high, as income level increases.

8 0
3 years ago
Si usted estuviera en 1992 y hubiera sido un inversionista norteamericano, ¿habría comprado bonos del Gobierno de México o accio
Wewaii [24]

Answer:

Si estuviese en 1992 y hubiese sido un inversionista norteamericano, de ninguna manera hubiese comprado bonos del Gobierno de México o acciones de empresas de dicho país.

Ello pues en ese entonces, el gobierno a cargo de Carlos Salinas de Gortari se encontraba llevando a cabo medidas económicas de corte liberal, dilapidando reservas internacionales para poder garantizar la competitividad del mercado mexicano, intentando atraer empresas extranjeras para invertir en el país. Pero esos movimientos, contrario a lo que el gobierno creía, no generaron mayores ingresos al país, sino que generaron situaciones de inestabilidad económica que hicieron que el gobierno de México tuviera que devaluar su moneda, generando una enorme crisis económica y financiera que fue mundialmente conocida como la Crisis del Tequila.

7 0
3 years ago
Suppose that Cheryl's only assets are an automobile worth $10,000 and a checking account with a $5,000 balance. Her only liabili
melamori03 [73]

Answer:

Cheryl's net worth is;

c). $5,000

Explanation:

The net worth is the value of an individual taking into account all the individual's assets and liabilities. It is a holistic view on the value of an individual. It is also used to estimate the value of a company, corporation and even countries. It is one of the standard measures used to gauge an entity's wealth. The net worth can be calculated by taking the difference between assets and liabilities. An asset is anything of economic value that is owned by an entity while a liability is anything of economic value that is owed.

The following formula can be used to estimate Cheryl's net worth;

N=A-L

where;

N=net worth

A=assets

L=liabilities

In our case;

N=unknown to be determine

A=Automobile+checking account

Automobile=$10,000 and checking account=$5,000

A=10,000+5,000=$15,000

L=student loan+car loan

student loan=$2,000

car loan=$8,000

L=2,000+8,000=$10,000

replacing;

N=15,000-10,000=$5,000

Cheryl's net worth=$5,000

4 0
3 years ago
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