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timama [110]
3 years ago
13

What are some Excel functions that a financial planner might use or need?

Business
1 answer:
alexandr1967 [171]3 years ago
7 0
1. Vlookup and Hlookup
2. Pivot table
3. some IF functions such as countif, countifs

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A beneficiary acquired stock from a decedent. The stock's fair market value at the date of the decedent's death was $500,000. Th
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Answer:

Beneficiary recognized gain is $510000.

Explanation:

The amount paid by the decedent for the stock = $280000

The market value of the stock at the time of death = $500000

The selling price or the amount received by the beneficiary by the sell of stock = $510000

Since the recognized gain is calculated by subtracting the amount paid by the person to buy the stock from the amount that he receives from the sale of stock. But in this case, the beneficiary pays zero for the stock but gets all the money after selling.

Beneficiary recognized gain = amount received from the sell – the amount paid by the beneficiary.

= $510000 – 0

= $510000

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3 years ago
A family spends $40,000 on living expenses. With an annual inflation rate of 6 percent, they can expect to spend approximately _
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Answer: $42,400

Explanation:

The family currently spends $40,000 on living expenses.

Inflation is expected to be 6% and as Inflation is used to refer to the general rise in prices, this means that the family will be spending 6% more in one year.

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The staff educator from the hospital’s respiratory unit is providing a public educational event. The educator is talking about h
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Teaching strategies to reduce complications of existing diagnoses.

Health Promotion activities focus on preventing disease from developing that is primary prevention. And then screening to identify at early curable stage and this known as secondary prevention and reducing complications of existing or established medical diagnosis, which is the tertiary prevention.

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$970

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oselli Animation plans to offer its employees a salary enhancement package that has revenue sharing as its main component. Speci
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Answer:

Answer for the question:

oselli Animation plans to offer its employees a salary enhancement package that has revenue sharing as its main component. Specifically, the company will set aside 2% of total sales revenue for year-end bonuses. The sales are expected to be $5 million the first year, $5.5 million the second year, and amounts increasing by 10% each year for the next 5 years. At an interest rate of 6% per year, what is the equivalent annual worth in years 1 through 5 of the bonus package?

is given in the attachment.

Explanation:

4 0
3 years ago
Read 2 more answers
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