All categories

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.

You might be interested in

Equinox Products Inc. Income Statement For the Year Ended December 31, 20Y8

Umnica [9.8K]

Answer and Explanation:

The preparation of the income statement is presented below:

Equinox Products Inc.

Income Statement

For the Year Ended December 31, 20Y8

Sales $5,313,000

Less: Cost of goods sold -3,700,000

Gross profit $1,613,000

Less:

Operating expenses:

Selling expenses:

Sales salaries expense $385,000

Sales commissions $185,000

Advertising expense $150,000

Depreciation expense-

store buildings and equipment $100,000

Delivery expense $30,000

Store supplies expense $21,000

Miscellaneous selling expense $14,000

Total -$885,000

Less:

Administrative expenses:

Office salaries expense $170,000

Office rent expense $50,000

Depreciation expense - office buildings and equipment $30,000

Office supplies expense $10,000

Miscellaneous administrative expense $7,500

Total $267,500

Total operating expenses $-1,152,500

Operating income $460,500

Other revenue and expense:

Interest revenue $30,000

Less: Interest expense -$21,000

Income before income tax $469,500

Less: Income tax -$140,500

Net income $329,000

We simply deduct the all expenses and add all revenues so that the net income could come

5 0

3 years ago

malek jones, a business analyst at the vnh corporation, feels that his employer terminated him for no reason. although the compa

antiseptic1488 [7]

Constitutions and, more specifically, anti-discrimination statutes represent public policy about equal employment opportunity (EEO).

These laws are in place at the federal, state, and local levels in the United States.

In terms of the employers or other entities they cover, the specific groups of people they defend, the transactions they regulate, and the kind and scope of legal remedies they offer, EEO laws differ widely from one location to another. When businesses engage employees, the philosophical idea of EEO is implied, at the very least.

WHAT IS AN "OPPORTUNITY" FOR WORK?

U.S. EEO rules forbid discrimination in terms and circumstances of employment on the basis of specified characteristics. As a result, "opportunities" can be found in a variety of employment circumstances, such as:

both inside and outside.
application forms for jobs.
interviewing potential employees.
pre-employment examinations
inquiries into backgrounds.
Hiring.
Compensation.
Benefits.
Employee services or perks (sometimes known as perquisites).
working circumstances.

To learn more about equal employment opportunity from the given link.

brainly.com/question/27853265

#SPJ4

8 0

1 year ago

For each decision, state whether the company is following a cost leadership or a product differentiation strategy.

Oxana [17]

The strategies the companies are following in each case are;

1)Cost leadership strategy

2)Product differentiation strategy

3) Product differentiation strategy

4) Cost leadership strategy

<h3>What Is Cost Leadership Strategy? </h3>

Cost leadership is known to be a kind of a business-level methods that is often used by people or by companies who are interested to gain a competitive advantage by acting as the lowest-cost producer of a product, service, production process, or others.

Therefore, The strategies the companies are following in each case are;

1)Cost leadership strategy

2)Product differentiation strategy

3) Product differentiation strategy

4) Cost leadership strategy

Learn more about Cost leadership strategy from

brainly.com/question/14395542

#SPJ1

4 0

2 years ago

Item11 Item 11Item 11 Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 390,000 Variabl

sleet_krkn [62]

Answer:

the total contribution margin is $245,700

Explanation:

The computation of the total contribution margin in the case when the sales volume rise by 40% is shown below:

Since the sales volume is rise so the contribution margin is also rise by 40%

Therefore the total contribution margin would be

= Contribution margin × (1 + increased percentage)

= $175,500 × (1 + 0.40)

= $175,500 × 1.40

= $245,700

Hence, the total contribution margin is $245,700

5 0

3 years ago

Morgan Company issues 9%, 20-year bonds with a par value of $750,000 that pay interest semiannually. The current market rate is

Leno4ka [110]

Answer:

$33,750

Explanation:

Given that

Bond per share = $750,000

Issued Amount = 9%

The computation of amount which is to be paid to the bondholders for every semi-annual interest payment is given below :-

Interest payment = bond per share × issued amount × (number of months ÷ total number of months in a year)

= $750,000 × 9% × 6 months ÷ 12 months

= $33,750

7 0

3 years ago