The correct statement is that in the spreadsheet below, a financial plan for protecting assets is missing. So, the correct option is C.
A financial plan for protection of assets is advisable for such individual for better insurance against any unwanted losses or damages to property(s).
<h3>Financial Plan</h3>
A financial plan refers to as the interpretation and conclusion of a cash flow after ascertaining the inflows and outflows of the firm.
The above cash flow statement shows that the spending have not been done on premiums for insurance for protection of assets of the individual.
There seems a requirement for the financial plan to be made in such a way that a part of expenditure outflow is done towards insuring the assets.
Hence, the correct option is C that in the spreadsheet below, a financial plan for protecting assets is missing.
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Answer:
Rational decision-making model
Explanation:
Rational decision-making model: It is one of the decision-making models which assume we have sufficient knowledge, information, resources, time and ability to evaluate and make a correct choice among different alternative we have.
There are six steps to Rational decision-making model:
- Define the problem.
- Identify the decision criteria.
- Weight established criteria.
- Using relative comparision.
- Generate list of alternative.
- Evaluate the alternatives.
- Determine the optimum decision.
Answer:
ROI (Return on Investment) measures the gain or loss generated on an investment relative to the amount of money invested.
Explanation:
ROI = (Net Profit / Cost of Investment) x 100
Example: Investment = $100 Net Profit: $30
ROI : (30/100) x 100 = 30%
Answer:
The correct answer is Retained earnings.
Explanation:
The retained earnings or retained earnings are those benefits that the company has earned and that instead of sharing among the shareholders, they decide to invest in the company itself.
These profits can be used to achieve greater growth of the company, such as increasing the workforce, improving the budget dedicated to research or obtaining a liquidity fund that allows the company to remedy possible emergency situations in the future.
Sometimes they are very useful for the company, since they allow the company to finance itself with its own money, thus avoiding financial loans that can have an important cost.
