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krek1111 [17]
3 years ago
11

What is first step of the financial planning process

Business
1 answer:
Komok [63]3 years ago
8 0

Answer:

Establishing and defining the client-planner relationship is the first step in the financial planning process.

<u>Explanation:</u>

Financial planning is a technique that determines how a business or an organization plans to achieve its goal and objectives. This plan enables the necessary activities, resources, and materials used to achieve the objectives of a business.

The financial planning process typically involves 6 major steps to clear the organization objectives.

  • First step is used to determine the financial status of an    organization based upon incomes, savings and profits earned.
  • The second step defines the needs and wants of an individual in framing his goal.
  • The third step is used to develop alternate methods in solving problems.
  • The fourth step evaluates the alternate methods and it suggest the best alternative to be followed.
  • The fifth step suggest the individual to take necessary action to achieve their goals.
  • The sixth step implements the method of revising and rescheduling the actions as per the plan to clear the objectives.
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3 years ago
What are the portfolio weights for a portfolio that has 138 shares of Stock A that sell for $48 per share and 118 shares of Stoc
Vika [28.1K]

Explanation:

The portfolio weight of an asset is the total investment in that asset divided by the total portfolio value. First, we will find the portfolio value, which is:

Total value = 122($32) + 102($22) = $6,148

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WeightA = 122($32) / $6,148 = .6350

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7 0
4 years ago
Consider a mutual fund with $300 million in assets at the start of the year and 10 million shares outstanding. The fund invests
djyliett [7]

Answer: Start = $300 million

End = $318.59 million

Explanation:

NAV can be calculated by dividing the funds Assets net of Liabilities by the total number of outstanding shares.

At start of the year NAV is $300 million and NAV per share is therefore,

= 300 million/ 10 million

= $30 per share.

Ending NAV

During the year the fund made Investments and increased by a price of 7%

= 300 million (1 + 0.07)

= $321 million

We still have to subtract the 12b-1 fees that the fund charges though and that would result in,

= 321 million * (1 - 0.0075)

= 318.5925

= $318.59 million.

Dividing this by the total number of outstanding shares we have,

= 318.59 /10

= $31.86

$31.86 is the NAV per share at year end.

5 0
3 years ago
Who pays the tax does depend on who writes the check to the government?
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Who pays the tax does NOT depend on who write the check to the government.
Who pays the check ultimately depend on the elasticity of supply and demand. This is because, suppliers have several ways of passing the taxes levied on them by the government to the consumers in form of increase in price of their products. But this also depend on the elasticity of the products, because if the prices are too high, some customers may decide to buy somewhere else or to go for a substitute.<span />
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4 years ago
A first step when considering a career is to________.
Aleonysh [2.5K]
Your answer will d.have to know ypur interest
5 0
4 years ago
Read 2 more answers
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