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3 years ago

Which best describes what financial planning skills ultimately enable an individual to do

Business

2 answers:

Liula [17]3 years ago

4 0

Answer:

Prepare for the future

Explanation:

Personal financial planning is the term used to describe the way an individual or a family manage their finances to meet their short-term and long-term goals. It involves developing personal financial goals and making plans on how to achieve them.

In developing and making plans, an individual considers the current and expected future income, present and expected expenditures such as medical health insurance expenses and school fees. An individual may opt to engage the services of a personal finance manager who advances on the savings and investments required to achieve the intended goals. Financial Planning Planning assists one prepare for the future.

Anuta_ua [19.1K]3 years ago

3 0

Answer:

A) To prepare for the future

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Jenkins Inc., prepared its financial statement for 2008 based on the information given here. The company had cash worth $1,234,

marishachu [46]

Answer:

$18,334

Explanation:

Given the following :

Cash worth = $1,234

Inventory worth = $13,480

Accounts receivable worth = $7,789

Net fixed asset = $42,331

Other assets = $1,822

Accounts payables = $9,558

Notes payables = $2,756

common stock = $22,000

Retained earnings = $14,008

Long term debt :

Total asset - current liability - stockholders equity

Total asset =current asset + net fixed asset + other asset

Current asset = cash worth + inventory worth + accounts receivables

Current asset = $(1234 + 13480 + 7789) = $22503

Total asset = $(22503 + 42331 + 1822) = $66656

Current liabilities = Accounts payables + notes payables

Current liabilities = $(9558 + 2756) = $12314

Stockholders equity = $(22,000 + 14,008) = $36,008

Long term debt :

Total asset - current liability - stockholders equity

$(66656 - 12314 - 36008) = $18,334

7 0

3 years ago

Sara purchased a life insurance policy as an investment from her neighbor, Angela. Angela, the original policy holder had paid p

Pavlova-9 [17]

Answer:

$16,500

Explanation:

She invested = $12,000

Total money spent to acquire the policy = ($16,500 + $5000) = $21,500

Total money invested on policy = $21500 + $12000

Total money invested on policy = $33500

Money that sara got after angela died = $50,000

Therefore, the taxable proceed will be = $50,000 - $33,500 = $16,500

6 0

2 years ago

Goodwill is:

polet [3.4K]

Answer:

The correct answer is The value of a business as a whole, over and above the value of its net identifiable assets.

Explanation:

Goodwill is an intangible asset that reflects the connections of a customer service business, reputation and other similar factors.

It shows the value of a company's reputation, which can affect its market situation, both positively and negatively.

If it affects positively, it is called goodwill. This is a fixed asset, an element of the company with prolonged value, not generally intended for sale.

However, goodwill can be characterized as something that can generate future profits for the company.

3 0

3 years ago

Promotions that are designed to increase product availability in distribution channels are known as:

Gnoma [55]

The question is incomplete:

Promotions that are designed to increase product availability in distribution channels are known as:

A) sales promotions.

B) price promotions.

C) trade sales promotions.

D) consumer sales promotions.

E) non-price promotions.

Answer:

C) trade sales promotions.

Explanation:

-Sales promotions is when companies give customers an incentive to try or buy the product.

-Price promotions is when companies decrease the price of the product to encourage people to purchase it.

-Trade sales promotions is an incentive given to intermediaries in the distribution channel to increase the sales by having the product available.

-Consumer sales promotions is when companies use different techniques like coupons and prizes to get customers to buy the product.

-Non-price promotions refers to offering customers incentives different to the price to encourage them to purchase the product.

According to this, the answer is that promotions that are designed to increase product availability in distribution channels are known as: trade sales promotions because companies offer incentives to their intermediaries to have the product available.

7 0

2 years ago

Licensing agreements offer limited market control since the licensee typically does not become involved in the licensor's market

In-s [12.5K]

Answer:

Licensing agreements offer limited market control since the licensee typically does not become involved in the licensor's marketing program.

False

5 0

3 years ago