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olasank [31]
3 years ago
8

The difference between a financial planner and a financial expert is that the expert is a professional who charges a fee.

Business
1 answer:
Vesna [10]3 years ago
6 0

Answer:

A financial planner is the person who helps company meet long term financial goal. A financial expert is a broader term who manages money including bonds and investments.

Explanation:

A financial planner is a person who makes financial plans and financial statements such as cash flow statements. These plans can be about tax, retirement etc.

A financial expert is a person who has an understanding of generally accepted accounting principles,financial statements, internal control and procedures for financial reporting and understanding of audit committee functions.

there are different kinds of financial planners but a financial expert can help financial planner.

You might be interested in
The cash conversion cycle is computed as:
Anna [14]

Answer:

The correct option here is A) Days sales outstanding + Days inventory outstanding - Days payable outstanding.

Explanation:

Cash conversion cycle which is also termed as Net operating cycle or Cash cycle, this cycle tells us about how much time it is going to take for an organization to converts the amount of investment it has made in the inventory and various other resources to cash , which will be generated by sales.

Formula used for calculation =

                             AMOUNT OF SALES OUTSTANDING IN DAYS

                                                  +

                             AMOUNT OF INVENTORY OUTSTANDING IN DAYS

                                                  +

                             AMOUNT OF PAYABLE OUTSTANDING IN DAYS

4 0
3 years ago
Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2021 are as follows:
Lynna [10]

Answer:

Ending inventory : $868

Explanation:

FIFO (First-In-First-Out) is a method of inventory valuation where the inventory that is received first is sold first. In other words, the earliest inventory is used first. This is common for perishable inventory such as fruits and vegetables which if not used fast, will be wasted.

01/01/21 : Beginning Inventory : 200 units x $5 = $1000

01/15/21 : Purchases : 100 units x $5.3 = $530

01/28/21 : Purchases : 100 units x $5.5 = $550

Total units = 200 + 100 + 100 = 400 units

Units sold = Total inventory available for sale - ending inventory

= 400 - 160 = 240 units.

COGS:

Beginning Inventory : 200 units x $5 = $1000

Purchases : 40 units x $5.3 = $212

Cost of goods sold : $1000 + $212 = $1212

Ending inventory:

Purchases : (100 - 40) units x $5.3 = $318

Purchases : 100 units x $5.5 = $550

Ending inventory : $318 + $550 = $868

6 0
3 years ago
Identify the steps to conducting a simulation in the correct order. (1 point) state the problem or question, state the assumptio
NeTakaya

<span>Simulation is an imitation of a situation or a chance behavior that accurately reflects the situation under consideration. </span>

<span>Steps in  conducting a simulation in the correct order (first choice)</span>

• State the problem or question

• State the assumptions,

<span>• Assign  digits to represent outcomes,
• Simulate many repetitions
• State your conclusions</span>

6 0
3 years ago
A firm does not expect to pay dividends in the next four years. beginning five years from today, the firm expects to pay a const
abruzzese [7]
From the data given above, the investor required rate of return on the firm's stock is 10% and is equal to $4,75 that is expected to be paid each year.
If $4.75 = 10%, then the price of the stock which is 100% will be equal to $4,75 * 10= $47.50.
Therefore, the current price of the stock is $47.50.
4 0
3 years ago
Read 2 more answers
In latvia, only one six-lane highway exists, connecting riga, its capital, with moscow. otherwise, the roads are two lanes and m
zloy xaker [14]

The answer is infrastructure.

A country’s infrastructure is the basic physical and organizational structures and facitlities that it needs to operate. Roads are a key part of any country’s infrastructure.

6 0
3 years ago
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