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3 years ago

Which best describes the role of financial planning?

2 answers:

7 0

Which best describes the role of financial planning? Allow someone to have fewer economic obstacles. A financial plan is important to have because it allows someone to be best set up for the future. A financial plan allows you to predict your future cash flows, asset values and save for unfortunate events. Those who actively participate in financial planning tend to overcome the fewer economic obstacles thrown their way.

Evgesh-ka [11]3 years ago

6 0

The role of financial planning is best described with the following: Allow someone to have fewer economic obstacles. Correct answer: D

Financial planning is a comprehensive evaluation of an investor's current and future financial state by estimating the capital required and determining its competition. It helps you make decisions that make the most of your financial resources.

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On June 30, 2021, Moran Corporation issued $13.5 million of its 8% bonds for $12.2 million. The bonds were priced to yield 10%.

Neko [114]

Answer:

$70,000

Explanation:

Moran Corporation

Semiannual interest paid on 31 Dec 2021

= $13,500,000*8%*6/12

= $540,000

Therefore If the effective interest method is used, by how much should the bond discount be reduced for the six months ended December 31, 2021 will be $70,000

Effective interest expense on 31 Dec.2021

= $12,200,000 * 10% * 6/12

= $610,000

Bond discount to be reduced for 6 months ended 31 Dec 2021

= $610,000 - $540,000

= $70,000

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3 years ago

A traditional store selling products

4vir4ik [10]

Confused? What is the problem at hand?

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3 years ago

7. Constant growth rates One of the most important components of stock valuation is a firm’s estimated growth rate. Financial st

olchik [2.2K]

Based on information given, Robert’s forecast of PAMC’s growth rate will be 11.4%.

Here, we are going to calculate Robert’s forecast of PAMC’s growth rate by using the information provided..

The formula to be deployed is Price = Dividend in 1 year/(cost of equity - growth rate)

Given Information

Pan Asia Mining Co.’s stock is trading at $13.75

Expected year-end dividend = $0.66

Stock’s expected rate of return = 6.60%.

$13.75 = $0.66 / (6.60% - Growth rate)

$13.75 = $0.66 / (0.066 - Growth rate)

$13.75*((0.066 - Growth rate) = $0.66

$0.9075 - $13.75(Growth rate) = $0.66

$13.75(Growth rate) = $0.66 + $0.9075

Growth rate = $1.5675 / $13.75

Growth rate = 0.114

Growth rate = 11.4%

Therefore, Robert’s forecast of PAMC’s growth rate will be 11.4%.

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3 years ago

A real estate broker sold property on Friday morning and received a $2,000 deposit in cash. Afraid to carry the money, he quickl

maw [93]

Answer:

commingling

Explanation:

Commingling is defined as the mixing of the money of broker money with the money of the clients of the broker.

Here in the question it is stated that the money received (i.e the money of the client ) is deposited by the real estate broker in his account.

Now by depositing the money in his bank account he actually mixes the money of the client with his money which is already present in his bank account

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3 years ago

Given the following values of economic aggregates as a percentage of GNP in the U.S. Find the current account balance and the fi

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