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solniwko [45]
3 years ago
11

Define the financial planning process. List the elements of a good financial plan. Identify and discuss the three most important

personal factors and the three most important economic factors that affect your financial planning decisions.
Business
1 answer:
lisabon 2012 [21]3 years ago
7 0

<u>Explanation:</u>

The financial planning process is defined as a collection of actions carried out by an individual in other to manage their finances and to achieve personal economic freedom or satisfaction.

<u>List the elements of a good financial plan includes;</u>

  • It should be aimed at protecting financial resources
  • should be focused on debt avoidance
  • It should take into account future expenses.

<u>Important personal and economic factors:</u>

Your income: it is important to know what your finances are in other to make the right decisions.

Your savings: By knowing the amount of spare money one has would allow the decides if he can bring in new expenses.

Your living expenses: This is a necessary factor to consider in other to meet or set achievable financial goals.

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abruzzese [7]

Answer:

$23.6 per share

Explanation:

Given that,

Total common equity = $5,500,000

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Net income = $525,000

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Therefore,

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Answer:

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