Answer:
Establishing and defining the client-planner relationship is the first step in the financial planning process.
<u>Explanation:</u>
Financial planning is a technique that determines how a business or an organization plans to achieve its goal and objectives. This plan enables the necessary activities, resources, and materials used to achieve the objectives of a business.
The financial planning process typically involves 6 major steps to clear the organization objectives.
- First step is used to determine the financial status of an organization based upon incomes, savings and profits earned.
- The second step defines the needs and wants of an individual in framing his goal.
- The third step is used to develop alternate methods in solving problems.
- The fourth step evaluates the alternate methods and it suggest the best alternative to be followed.
- The fifth step suggest the individual to take necessary action to achieve their goals.
- The sixth step implements the method of revising and rescheduling the actions as per the plan to clear the objectives.
Answer and Explanation:
The adjusting entry is as follows
Sales return & allowances ($550,000 × 2%) $11,000
Refunds payable $11,000
(Being the recording of estimated sales return is done)
For recording this we debited the sales returns & allowances as it increased the sales return and credited the refund payable as it also increased the liabilities
Answer:
Your new boss does not share your religious views
Explanation:
the second one
Answer:
The correct answer is letter "C": Experienced communicators sometimes struggle with the delivery of negative news.
Explanation:
Providing negative messages is not an easy task for inexperienced or experienced communicators. The problem relies on how sensitive the audience could be while receiving bad news. Experienced communicators may struggle in conveying a message that could satisfy the different personalities of the audience to minimize the negative impact of the bad news on them.
Answer:
Total debt = $3,900,000
Explanation:
Total Assets = $5,200,000
Debt Ratio = 75%
Debt = 75% x $5,200,000
=$3,900,000
Hence, the 25% account for equity finance $1,300,000
