In order to get clarity on your money goals and have a powerful reminder to keep you on a track, you need to write down goals.
<h3>What is Financial goals ?</h3>
Financial plan is any estimation of money goals. One can have short-term and long-term goals. For example, saving $500 is a short-term goal, but investing for old age is a long-term financial goal. Your goals should make you focus and keep you on track.
- Have specified goals, For example increasing income is not a goal, increasing income by $500 is a goal.
- Make a deadline, Have a deadline for every single financial goal.
- Write them down, Just making a goal and remembering it in mind doesn't works.
- Divide them in parts, dividing goals in parts make them achievable.
Writing down goals helps to get clarity on your money goals and to keep you on a track. because having them in mind creates a blurred vision but writing them down makes them clear.
Hence writing down goals help having clarity on your money goals.
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Answer:
The options for this question are the following:
A. from debtors to creditors; a smaller
B. from creditors to debtors; a larger
C. from debtors to creditors; a larger
D. from creditors to debtors; a smaller
The correct answer is A. Debtors to creditors; a smaller
Explanation:
There are two definitions of deflation. Most people believe that it is simply price drop. But debt deflation is what happens when people have to spend an increasing part of their income on debt service contracted by them: pay mortgage debt, pay credit card debt, pay academic loans.
Nowadays, people have to spend so much money on buying a house or paying for education, that they do not have enough money to spend on goods and services, except for contracting more debt with their credit card or with other loans.
Result: the markets are slowing. Deflation means a slowdown in revenue growth. Markets contract, capital investment and employment also decrease and wages fall. That is what is happening, as a result of a deliberate policy, in Europe and in the US. The fall or stagnation of prices is nothing but the result of a smaller volume of income to spend.
Answer:
Present value = $62311.05
Explanation:
to calculate the Pv using a financial calculator
pmt = $5000, interest 5%, n= 20, FV=0
PV= $62311.05
OR USING FORMULA
PV = C *[1-1/(1+r)^t]/1
Answer:
$42,700 cash is available for distribution
Explanation:
In order to calculate the cash available for sharing, we will first identify the debit and credit transactions. Debit transactions are expenditures, while credit transactions are incomes, hence we need to calculate the difference between the income and the expenditure.
Available cash = Everett (credit) - Miguel (debit) + Ramona (credit)
Available cash = 52,800 - 47,500 + 37,400 = $42,700
Therefore $42,700 is available in cash for distribution to the partners