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RSB [31]
3 years ago
15

A good financial plan does not include an insurance plan. true false

Business
2 answers:
Yuliya22 [10]3 years ago
7 0
The answer is false a good financial plan requires an insurance plan
gayaneshka [121]3 years ago
5 0

Answer:

A good financial plan includes an insurance plan therefore  the answer is FALSE ( A )

Explanation:

A financial plan is a complete / comprehensive written out plan about the long term financial goal, security of funds and investment of funds of any individual or group of individuals or firm and the laid out procedure/strategies of achieving it . and this must include an insurance plan as part of the security of funds and properties acquired.

An Insurance plan is a component of a financial plan that helps to cover up an amount of risk or accidents that might happen/occur due to unforeseen circumstances to your health or finance

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Definition: This type of investment account has a specific fixed term/length, fixed interest rate, is insured
Natali5045456 [20]

Answer:

The answer is Certificate Of Deposit.

Explanation:

A certificate of deposit (CD) refers to a product which is usually offered by banks and credit unions and which provides an interest rate premium based on the condition that the customer agrees to leave a lump-sum deposit untouched for a particular length of time.

Almost all consumer financial institutions offer certificates of deposit, but each bank can set its own peculiar certificate of deposit terms and conditions.

8 0
3 years ago
Brinkman Corporation bought equipment on January 1, 2007 .The equipment cost $90,000 and had an expected salvage value of $15,00
gavmur [86]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

The equipment cost $90,000 and had an expected salvage value of $15,000. The life of the equipment was estimated to be 6 years.

Depreciable cost= purchase price - salvage value

Depreciable cost= 90,000 - 15,000= $75,000

8 0
4 years ago
1. Determine the trade-offs of implementing an ERP system in the company versus buying best of breed software and using middlewa
almond37 [142]

Answer:

Throughout the clarification segment follows, the context of the concern is mentioned.

Explanation:

(a)

  • There seem to be different divisions of every company, such as ordering, production management, engineering, finance as well as ordering management, and marketing. Previously, with each company maintaining their everyone else's collection of information, these same government agencies used to collaborate throughout silos, resulting in redundant systems but so much time and energy during peaceful coexistence.
  • By facilitating cross-functional transfers, ERP packages support organizations. These bundles, for example, come up with all these financial, ordering, balance sheets, accounts receivables, fully organized cash equivalents for one another and, and therefore also companies no longer have to store different copies of records. The numerous divisions can navigate the purchasing order that is raised throughout the framework.

(b)

  • The future effect including its company's introduction to the ERP system would make communication with suppliers healthier and more streamlined. To strengthen the distribution network, collaboration with vendors can enhance communication and exchange knowledge utilizing innovative software.
  • For clients, this new ERP deployment framework will satisfy the existing domain's scalable specifications.

(c)

  • If the organization wanted to stick in the new method that was being non-synchronous and unreliable through its service, the likely implications for the immediate future seem to be the corporation's defeat with loss. There was no standard program or software kit used by the new framework for the whole enterprise and the complete IT arrangement was then disintegrated.
  • The void of misunderstanding might expand if the government continues this very same method, combined with a lack of improvement in order fulfillment and procurement of materials. The attorney general's office and accounting would not have been able to assemble the tremendous pricing information that would not operate the shop in a successful direction instead of always get knotted in tech problems.

(d)

  • The organization's overall nature includes an optimized application suite to be adopted, which is standardized for the whole workplace. The entire organization should be trained by a similar arrangement running on a single platform. Software besides inventory control, accounting, business development, capital structure, but most project management should be included in this effort and compliance.
  • Effectiveness cloud-based software could allow the management to configure the program according to its preferences and then use it for particular purposes without buying everything at once. This ERP implementation seems to be profitable for the organization in terms of the current culture and community, as well as for the organization's strategic accomplishment.

4 0
3 years ago
Budgets are created to be used on a short-term basis. Which of the following is true about budgets?
leonid [27]

Answer:

they encompass the entire organisation

6 0
2 years ago
Assuming all APRs equal, the effective interest rate on a loan is highest when:
arlik [135]

Answer:

Points are charged and the loan has a 30 year maturity but prepaid in five years

Explanation:

When you purchase points to lower your monthly mortgage payments, the bank (or lender) sell them calculating a 30 year payment schedule. If you pay the loan in a shorter period, it means that the points were sold at a very high price o you actually end up paying higher effective interest rate. That without even considering any possible prepayment penalties. But sometimes knowing that your mortgage is paid lowers your stress and it may be worth it from a personal (not financial) point of view.

5 0
4 years ago
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