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Maksim231197 [3]
3 years ago
11

During your meeting with your client, Hayden Doyle, you recommended he purchase a personal liability umbrella policy (PLUP). Whi

ch part of the financial planning process were you engaged in?
Business
1 answer:
nataly862011 [7]3 years ago
6 0

Answer:

b. Develop and present financial planning recommendations.

Explanation:

Since in the question it is mentioned that there is a recommendation for buying a personal liability with respect to the umbrella policy so in the steps of the financial planning process, the step that should be considered is to develop & present the recommendation with regard to the financial planning as the financial planning is important than can save your future

hence, the correct option is B.

You might be interested in
ADP reports the following income statement.
oee [108]

Answer:

Forecast of 2020 net earnings = $299.2 million.

Explanation:

Note:

a. See part a of the attached excel file for the calculations of the Historic Percent of Total Revenue.

b. See part b of the attached excel file for the Forecast of ADP’s 2020 income statement.

From part b of the attached excel file, we have:

Forecast of 2020 net earnings = $299.2 million.

Download xlsx
3 0
3 years ago
Which of the following is not a typical adjustment made to the income statement for projection purposes?
ankoles [38]

Answer:

The correct answer is b. Adjusting revenues to only include organic revenue growth.  

Explanation:

One of the quantitative planning techniques is the projection of financial statements or also called pro forma statements.

The applications that can be had among others are the following:

Know how the year will end for tax purposes in terms of income and deductions in order to make decisions before the end of the year.

Another application will be to know the external financing needs for the period you want to know.

The most common and practical method of projecting financial statements is based on sales.

7 0
3 years ago
Cash is King!Good cash management is an essential job of the financial manager! You own a small auto sales business called King
fomenos

Answer:

The solution to the given problem is given below.

Explanation:

1. Do you believe that the company needs outside financing?

Yes, Company needs outside finance total $ 40,000 as $25,000 in month of Feb and $15,000 in month of Apr il.

2. What is the minimum line of credit to request from a lender?

Minimum line of credit needed is $40,000

3. Do you think you are a good candidate for the line of credit? Why?

Yes, we are good candidate for line of credit because we can start repayment by May and repay by July and after repayment we will have ending March Cash balance $100,000 .

Detailed calculations are attached with the image.

3 0
3 years ago
The College of Business is deciding between two photocopier options. The first is to lease a high-end machine for $8,400/year. T
Sedaia [141]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The first is to lease a high-end machine for $8,400/year.The only additional costs are the cost of paper, which is $0.01/sheet.

The other option is to purchase a machine. The cost is $5,000 and the per sheet cost increases (toner, maintenance) to $0.02.

First, we need to determine the total cost formula for each option:

Option 1:

Total cost= 8,400 + 0.01x

Option 2:

Total cost= 5,000 + 0.02x

A) Volume= 270,000

Option 1:

Total cost= 8,400 + 0.01*270,000= $11,100

Option 2:

Total cost= 5,000 + 0.02*270,000= $10,400

Option 2 is the cheapest.

B) Volume= 240,000

Option 1:

Total cost= 8,400 + 0.01*240,000= $10,800

Option 2:

Total cost= 5,000 + 0.02*240,000= $9,800

Option 2 is the cheapest.

C) To determine the indifference point, we need to isolate X:

8,400 + 0.01x= 5,000 + 0.02x

3,400= 0.01x

340,000=x

The indifference point is 340,000 paper sheets.

5 0
3 years ago
German companies do not recognize the profit until the project is completely finished and they have been paid. recognize profits
photoshop1234 [79]

Answer:

German companies do not recognize the profit <u>until the project is completely finished and they have been paid.</u>

Explanation:

German companies prepare their accounting balances under IFRS standards (common for all EU member countries) and German GAAP.

Under IFRS standards, revenue must be recognized when the business satisfies a performance obligation.

German GAAP is very prudent in determining profits, that is why they are only recognized once a project is completely finished and it has been completely paid.

Some specific German rules are to starting to change due to globalization, but others are still subject to legal requirements.

7 0
3 years ago
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