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3 years ago

What steps can be taken to build a sound financial reputation

Business

2 answers:

jok3333 [9.3K]3 years ago

8 0

planning for retirement

puteri [66]3 years ago

7 0

The seven steps to achieving a sound financial reputation include:

1) Analysis of cash flow – Positive cash flow would mean having funds available for savings.

2) Making a plan for retirement goals and other special goals.

3) Increase retirement savings – This can be done by maximizing contributions in your retirement accounts or catch-up with missed contributions.

4) Reduce income tax. Consult a tax professional to help you with your tax strategy.

5) Keep pace with the current inflation rate.

6) Manage potential risks and liabilities – Being covered with insurance can give you protection in times of unexpected risks.

7) Consult a financial advisor to provide you with informed decisions.

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Derek Tosh is attempting to determine whether US/Japanese financial conditions are at parity. The current spot rate is a flat Ye

Pie

Answer:

1. The markets are indeed in equilibrium parity . International parity conditions hold between Japan and the United States

2. The forecasted change in the Japanese Yen/U.S. dollar is 4.8%

Explanation:

1. According to th given data we have the following:

Forecast annual rate of inflation for japan = 1.101%

Forecast annaual rate of inflation for US =5.905%

One-year interest rate for Japan = 4.704%

One-year interest rate for United States =9.505%

Spot exchange rate (¥/$)89.00

One-year forward exchange rate (¥/$) = 84.90

The forecast difference in rates of inflation = 1.101% - 5.905% = -4.8% (US higher than Japan)

The difference in nominal interest rates = -4.8% (higher in United States)

The forward premium on foreign currency = 4.8% (Japanese yen at a premium)

The forecast change in spot exchange rate = (89 - 84.90) / 84.90 * 100 = 4.8% (Dollar expected to weaken)

As is always the case with parity conditions, the future spot rate is implicitly forecast to be equal to the forward rate, the implied rate fromthe international Fisher effect, and the rate implied by purchasing power parity. Therefore, The markets are indeed in equilibrium -- parity

2. In order to Find the forecasted change in the Japaneseyen/U.S. dollar (¥/$) exchange rate one year from now we would have to use the following formula:

= (Current Spot Rate - Forward Exchange Rate) / (Forward Exchange Rate)

= (89 - 84.90) / 84.90 *100

= 4.8%

The forecasted change in the Japanese Yen/U.S. dollar is 4.8%

6 0

3 years ago

A financial analyst is presented with information on the past records of 60 start-up companies and told that in fact only 3 of t

aleksandr82 [10.1K]

Answer:

c) hypergeometric distribution.

Explanation:

Hypergeometric distribution -

It is the distribution curve of the " k " success probability in " n " draws , without any replacement with the size of " N " , having " K " , objects .

This distribution is used to calculate the statistical significance for " k " success out of " n " draws .

This required to detect the which sub - population are under or over represented in a sample .

Hence , the probability distribution given in the question is of , hypergeometric distribution .

8 0

3 years ago

In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at: A) $108,000. B) $90,000

Tanya [424]

Answer:

Answer: b

Explanation:

NRV=$120,000 – ($120,000 x 10%) = $108,000$90,000cost is less than net realizable value of $108,000 cost

5 0

3 years ago

The asset, liabilities, and equities of Damon Design Studio have the following balances at December 31, 2018. The retained ear

lutik1710 [3]

Answer:

Explanation:

For computing the retained earning ending balance, first, we have to compute the net income. So, the calculation is shown below:

= Service revenue - salaries expense - property tax expense - utilities expense - miscellaneous expense - rent expense

= $154,600 - $65,000 - $2,200 - $7,200 - $3,800 - $23,000

= $53,400

So, the net income would be $53,400

Now, we have to find the ending retained earning balance which equals to

= Beginning retained earning balance + net income - dividend paid

= $39,000 + $53,400 - $57,000

= $35,400

The preparation of the statement of retained earning is presented in the spreadsheet. Kindly find the attachment below:

3 0

3 years ago

As a promotional tool, podcasting offers the advantage to listeners of:____.

Maurinko [17]

As a promotional tool, podcasting offers the advantage to listeners of convenience. Option B. This is further explained below.

<h3>What is a promotional tool,?</h3>

Generally, Consumers may be persuaded to purchase a product or service via the use of promotional tools such as tactics, techniques, or resources. They are used by many experts in marketing and advertising to enhance sales of a certain item or service as well as to spread knowledge of a recently released product.

In conclusion,

The convenience factor is one of the many benefits that listeners may get from podcasting as a form of advertising.