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RSB [31]
4 years ago
15

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

Business
2 answers:
Yuliya22 [10]4 years ago
7 0
The answer is false a good financial plan requires an insurance plan
gayaneshka [121]4 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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Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occur
Evgen [1.6K]

Answer:

Explanation:

7 0
3 years ago
Read 2 more answers
Kansas Company acquired a building valued at $150,000 for property tax purposes in exchange for 10,000 shares of its $5 par comm
Vinvika [58]

Answer:

$160000

Explanation:

Below is the calculation for the amount that should be recorded.

The actual value of  building = $150000

Number of shares = 10000 shares

The stock is traded at the price = $16 per shares

The Kansas company should record the amount of building = total share x Sell price

The Kansas company should record the amount of building = 10000 x 16

The Kansas company should record the amount of building = $160000 (fair market value or price of shares)

7 0
3 years ago
The amount of the sale when paid by debit and credit cards is placed into the Undeposited Funds account. When the actual bank de
Vanyuwa [196]

Answer:

true

Explanation:

4 0
3 years ago
At Value Inc., there are specific steps to be followed when applying for a day off. First, an employee has to apply to his or he
Gnoma [55]

Answer:

<u>Procedures</u>

Explanation:

Procedures refer to protocols and guidelines to be adhered to while performing an act.

Those are management rules which determine management action. Procedures are carried out following certain set of rules which are commonly applicable. Procedures could be stringent at times.

In the given case, the employees in order to get something (leaves) from the management, have to follow a prescribed set of rules in a sequence which would lead to the desired outcome.

Though procedures could be cumbersome and time consuming, just like in the given case, those have to be followed and adhered to by an organization and it's people.

7 0
3 years ago
You are considering acquiring a firm that you believe can generate expected cash flows of $11,000 a year forever. However, you r
Rom4ik [11]

Answer:

1. $146,666.67

2. $129,411.76

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

1. For computing the value of the firm, first we have to compute the Expected rate of return  which is shown below:

= 5% + 0.5 × (10% - 5%)

= 5% + 0.5 × 5%

= 5% + 2.5%

= 7.5%

Now the value of firm would be

= Expected cash flows  ÷ Expected rate of return

= $11,000 ÷ 7.5%

= $146,666.67

2. If beta is 0.7, then the expected rate of return and the value of firm would be

= 5% + 0.7 × (10% - 5%)

= 5% + 0.7 × 5%

= 5% + 3.5%

= 8.5%

Now the value of firm would be

= Expected cash flows  ÷ Expected rate of return

= $11,000 ÷ 8.5%

= $129,411.76

6 0
3 years ago
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