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Stels [109]
3 years ago
15

There are four steps in solving one’s personal financial challenges

Business
2 answers:
LUCKY_DIMON [66]3 years ago
7 0

1) having a budget

2) a main concern (not buying unnecessary things)

3) long term thinking (avoiding things you may regret later on)

4) allocate money for savings

katrin [286]3 years ago
7 0

Explanation:

Personal financial challenges are the difficulties that a person face to manage his money. A person manages money to save it for the later use in the future. There are many steps involved in solving one's personal financial challenges. They are as follow:

Write down the expenses.

Allocate budgets for your expenses.

Cut down the spending wisely.

Pay attention to discretionary spending.

There are a lot more steps that can solve the personal financial challenges like you should go to the shopping alone, make a list of things you need and buy only those things, try to always shop from sales and offers, always spare an amount to set it aside to be used in case of emergency, spare some amount for saving which is to be used to do some investment, etc.

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Calculate the present value of the after tax net returns to land in the 7th year if thereal pre-tax net returns to land today ar
Tatiana [17]

Answer:

PV(after-tax net return in 7th year) = 70.55 (Approx)

Explanation:

Given:

Number of year = 7

Pre-tax net returns (Fn) = $100

Growth rate = 4% = 0.04

Inflation = 3% = 0.03

Marginal tax rate = 30% = 0.3

Discount rate = 10% = 0.1

Computation:

Fn = Fo(1+g)ⁿ = 100(1.04)⁷

Fn = 131.6

Nominal net returns = 131.6(1.03)⁷

Nominal net returns = 161.85

After tax return = 161.85  (1 - 0.3)

After tax return = 113.30

After-tax, risk adjusted discount rate = 0.1(1-0.3) = 7%

PV(after-tax net return in 7th year) = 113.30 (1+0.07)⁻⁷

PV(after-tax net return in 7th year) = 70.55 (Approx)

8 0
2 years ago
The Alpha Beta Corporation disposes a capital asset with an original cost of​ $170,000 and accumulated depreciation of​ $109,000
Bingel [31]

Answer:

Option D) $54.400

Explanation:

When  a company disposes a capital asset, the cost of the asset it's the remanent value, that is the difference between the original cost less the accumulated depreciation, in this case $170.000 minus $109.000, remanent value is $61.000.

This value it's the cost of sale and the price it's $50.000 , the result of this transaction it's a loss of ($11.000) so the after-tax cash inflow it's ($4.400).

The total Cash Inflow it's the sum of $50.000 (gained from the sale) and the save on taxes for $4.400, because of the loss I get a payback on taxes, the total is $54.400.

8 0
3 years ago
If a country's economy is to sustain long-run economic growth, the business environment must be conducive to the consistent prod
Aliun [14]

Answer:

True

Explanation:

One of the significant advantages of development is its commitment to monetary development. Basically, advancement can prompt higher profitability. As profitability rises more commodities and are delivered which improves the economic growth. Financial development just originates from expanding quality and amount of the fundamentals of generation, which comprise of four wide types: land, labour, capital, and entrepreneurship. The components of generation are the assets utilised in producing goods and services.

5 0
3 years ago
The demand for airline pilots results from the demand for air travel. this fact is an example of: resource substitutability. ris
Montano1993 [528]
<span>The demand for airline pilots results from the demand for air travel. This fact is an example of the derived demand for labor. Derived demand describes a </span>situation in which the demand of something causes demand for something else. Due to the growing demand of travel by air, the need for pilots grows as well. 
6 0
3 years ago
Witch of the fallowing is a duty of a personal finance manager? A) selling property insurance B) filling tax returns C) tracking
EleoNora [17]

Answer:

C) tracking clients investment

Explanation:

Person finance involves the management of an individual's or a family's financial aspects, such as budgets, taxation, savings, and investments.  A personal finance manager evaluates the financial need of an individual or a family . He or she assist in making decisions that lead to the attainment of short-term and long-term financial goals.

A personal finance manager plays several roles in helping their clients achieve their objectives, some of them include

  1. Develop realistic financial goals with the clients.
  2. Make plans on how the client will achieve his or her goals
  3. Recommending and undertaking investments on behalf of the clients.
  4. Assist clients in making specific provision for anticipated expenses such as education and retirement.
  5. Monitor investments on behalf of the client.

4 0
3 years ago
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