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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.

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Use the following information to answer the next two questions. Downey Company bought a delivery truck for $62,000 on January 1,
natita [175]

Answer and Explanation:

The computation of the depreciation expense and book value at the end of 2016 is shown below:

But before that first determine the cost of the asset which is

Cost of the asset is

= Purchase price + rear hydraulic  lift + sales tax

= $62,000 + $8,000 + $3,000

= $73,000

Now the depreciation expense is

= ($73,000 - $8,000) ÷ (10 years)

= $6,500

ANd, the book value is

= $73,000 - $6,500 × 2

= $60,000

7 0
3 years ago
Martha was promised a 10% raise if she wins a contract with the city government. Martha could use the money to pay off some debt
Vlad1618 [11]

Answer:

The answer is expectancy.

Explanation:

Expectancy theory is a concept developed by Victor H. Vroom in 1964, where he postulated, that the strength an individual has in terms of his or her motivation to do an action, would appear when three components are satisfied to a certain value: expectancy, instrumentality, and valence. The question above is relevant to the expectancy component, which is detailed as the belief that an individual has regarding their efforts would result in the individual choosing to perform an action. In the case of Martha, she wasn’t sure that her efforts in trying to win the contract would lead to her 10% raise (outcome, a component of instrumentality), and thus, she decided not to try.  

3 0
2 years ago
Name the one sport in which neither the spectators nor the participants know the score or
GaryK [48]

Answer:

Boxing

Explanation:

5 0
3 years ago
Don works diligently to accomplish the company goals in an efficient and effective manner, utilizing his employees through plann
eimsori [14]

Answer:

Managing

Explanation:

Managing involves effectively utilising an organisation's resources and bringing employees together to meet set goals and objectives.

Good management helps create a dynamic team where employees collaborate and give their best to achieve collective goal.

Roles are well defined and review and planning is done to effectively drive the team to success.

6 0
2 years ago
Sam's total revenue from pilot training classes equaled $90,400. Sam's implicit costs for this year are equal to
Vanyuwa [196]

Answer: $45,600

Explanation:

The Implicit cost is the opportunity cost. In other words, it is cost that was incurred because a revenue opportunity was sacrificed.

Sam sacrificed his salary as a pilot, his interest payment and the building he could be renting out.

His total implicit cost is;

= 40,000 + (10,000 * 6%) + 5,000

= $45,600

6 0
3 years ago
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