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blondinia [14]
3 years ago
15

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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Robinson's has 24,000 shares of stock outstanding with a par value of $1 per share and a market price of $40 a share. The balanc
Zina [86]

Answer:

Find attached question with multiple choices

The third option ,72,000 shares, is the correct answer.

Explanation:

A stock split refers to redenomination of shares by increasing the number of shares and proportionately reducing the number par value per share.

A 3-1 share split means that one prior share now commands three shares while the price of one share is apportioned between the three shares

Robinson now 3/1*24,000 shares=72,000 shares

One previous share was $1 par value but the three new shares would $1/3=$0.33 per share instead of the previous $1 par value

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7 0
2 years ago
The amount of annual cash dividends distributed to common shareholders relative to the common stock's market value is the:
Scrat [10]

Answer:

The amount of annual cash dividends distributed to common shareholders relative to the common stock's market value is the:

Explanation:

The amount of annual cash dividends distributed to common shareholders relative to the common stock's market value is the:

3 0
3 years ago
A bank offers your firm a revolving credit arrangement for up to $68 million at an interest rate of 1.70 percent per quarter. Th
Blizzard [7]

Answer:

a) 4.27 %

b) 7.14%

c)  6.97%

Explanation:

a)

The effective annual interest rate (EAR) of your investment account is:

EAR = 1.0105⁴ – 1

EAR = 0.0427

EAR = 4.27 %

b)

The effective annual interest rate on the lending arrangement can be determined by the division of the interest on the loan by the amount of the loan.

Now to determine the interest cost on the loan ; we need to first find the opportunity cost of the compensation balace.

So;

opportunity cost of the compensation balace is as follows:

=  0.04 ($68,000,000 – $ 35,00,000) (1.0105)⁴ – 0.04 ($68,00,000 – $35,000,000)

=  0.04 (33,000,000) × 1.04267 – 0.04 (33,000,000)

= 1,376,324.4 – 1,320,000

= $56,324.4

Interest Cost = 35,000,000 (1.0170)⁴ – 35,000,000

=35,000,000 × 1.069753735521– 35,000,000

=$2,441,380.74

Finally ; since we know the interest cost ; the EAR of the loan in the amount of $35,000,000 is :

EAR =  (56324.4 + 2441380.74 ) / 35,000,000

=0.0714

=  7.14%

c)

The compensating balance is only applied to the unused portion of the credit line, so the EAR of a loan on the full credit line is:

EAR = 1.0170⁴ – 1

=0.06975

= 6.97%

6 0
3 years ago
Assume a bond has a $1,000 par value, a coupon rate of 6 percent, annual interest payments, and 7 years to maturity. If the yiel
Kamila [148]

Based on the value of the bond at par, the coupon rate, and the yield to maturity, the current market value of the bond is $895.87.

<h3>What is the current bond value?</h3>

This can be found as:

= Present value of bond coupon payments + Present value of par value

Coupon payments:

= 6% x 1,000

= $60

As this payment is constant, it can be treated as an annuity.

Current market value is:

= (Coupon payment x Present value of annuity interest factor, 8%, 7 periods) + ( 1,000 / (( 1 + rate) ^ number of years)

= (60 x 5.2064) + ( 1,000 / 1.08⁷)

= $895.87

Find out more on bond pricing at brainly.com/question/26376004.

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1 year ago
What is the basic monetary unit in india?
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The ruppe is the basic monetary unit in india
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