The role of financial planning can be described by allowing someone to have lesser obstacles in an economy of a country.
Option D is the correct answer.
<h3>What is a financial plan?</h3>
A financial plan is a statement defining the company's recent finances, the objectives and the strategies to attain those objectives.
Financial planning helps in the creation of budgets for future uses, formulate the ways for minimizing or saving the charges to be incurred in the future and execute the ways of accumulating and increasing the wealth of an organization.
Therefore, the explanation provided in part D would best describe the role of financial planning.
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Answer:
Total= $25,891
Explanation:
Giving the following information:
One year ago, the Jenkins Family Fun Center deposited $4,500 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $6,300 to this account. They plan on making a final deposit of $8,500 to the account next year.
We need to use the following formula:
FV= PV/(1+i)^n
FV= 4,500*(1.08)^5=6,612
FV= 6,300*(1.08)^4= 8,571
FV= 8,500*(1.08)^3= 10,708
Total= $25,891
Answer:
b. transformational
Explanation:
Transformational leadership refers to the kind of leadership wherein a leader uses his appeal or charisma effectively to convey and convince his subordinates with respect to long term vision.
Transformational, as the word suggests refers to those leaders who are capable of transforming the approach of their subordinates owing to their charm and the reputation they have earned for themselves.
Such leaders are good at implementing organizational changes owing to their personality.
Answer:
c. $0.6
Explanation:
The economic profit is the difference between total income and total cost. The total cost is the multiplication of the average cost by the number of sold glasses.
Total income = 20 * 0,2 = 4
Average cost = 0,17
Total cost = 0,17 * 20 = 3,4
Economic profit = Total income - total cost = 4 - 3,4 = 0,6
It seems that you have missed the necessary options to answer this question, but anyway, here is the answer. <span>A net worth statement, insurance plan, and a budget are all part of a SAVING AND INVESTING PLAN. Hope this is the answer that you are looking for. </span>