1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kiruha [24]
3 years ago
12

Whats the difference between financial planning and financial goals

Business
1 answer:
defon3 years ago
5 0

Answer:

Financial Goals are the personal objectives that you want to achieve by setting up how to save and spend money. Examples like saving money to buy a house, saving for retirement, starting a business, paying off student debts, etc.

Financial Planning is to evaluate your current financial condition and create a plan to keep you on tract on achieving your goal. You'll need to address current savings, investments, taxes, insurances and consider any future income needs, vacations, etc. anything that will affect you financially.

Explanation:

You might be interested in
The accompanying graphs depict the market for bags of potato chips, which is currently at an equilibrium price of $1.67 per bag
Sergeeva-Olga [200]

Answer:

Equilibrium is the point of the interaction between the demand and supply curves.

The given graph given from the question is attached below (Image 1-2)

The solution is attached in image 3-4

6 0
2 years ago
Various studies indicate that cost savings from a TMS helps an organization reduce freight costs by:____
sveta [45]

Answer:

6 - 10%

Explanation:

The full form of a TMS system is Transportation management system. It is majorly used in supply chain system in large organizations. It is considered to be one of the major technologies that is used in the supply chain management.

It is a logistic platform which used the technology to execute business plan and optimize the movements of incoming and outgoing  of the goods and materials to make the shipment process more efficient and smooth.  

In various studies made, it has been indicated or determined that a TMS system helps the organization to reduce the freight cost by 6 - 10 percent.

7 0
2 years ago
Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business,
ArbitrLikvidat [17]

Answer: (1) journal Total Dr $27,282, Cr $27,282 (2) cash Account Dr: Total $21,823, Cr Balance c /d $19,613 Total $21,823, salary payable Total Dr $381, Cr $381,Account receivable Account Dr :Total $1,929 Cr Total $1,929, salary expense Account Dr Total $ 1,524 Cr: $1,524, common stock Total Dr : $18,270 Cr: Total $18,270, Supplies Account Total Dr : $1,320, Cr $1,320, Account Payable Total Dr :$1,320, Cr :Total $1,320, service revenue Total Dr : $4,771, Total Cr : $4,771, unearned revenue Total Dr :$712, Total Cr :$711, (3) Trial Balance Total Dr $24,767, Total Cr : $24,767

Explanation:

(1) The journal entry for the transaction will be

Apr 1 Dr : Cash $18,270, Cr : common stock $18,270

Apr1 Dr: salary payable$381,Cr: cash $381

Apr 2 No entry required

Apr 3 Dr : supplies $1,320, Cr : Account payable $1,320

Apr 10 Dr Account Receivable $1,929, Cr : service revenue $1,929

Apr 11 Dr cash$ 711,Cr: unearned revenue$ 711

Apr 20 Dr: Cash $2,842, Cr : service revenue $2,842

Apr 30 Dr : $ Account Payable $305 Cr : Cash $305

(2) The T Account will be

Cash Account

Dr common stock $18,270, unearned revenue $711, service revenue $2,842

Cr : salary payable $381, salary expense $1,524, Account payable $305,Bal c/d $19,613 Total Dr $21,823, Cr : $21,823

Salary payable Account

Dr : cash $381,Cr: Balance c/d $381 Total Dr $381,Cr :$381

Account Receivable Account

Dr: service revenue $1,929, Cr: Balance c/d $1,929 Total Dr $1,929, Cr $1,929

Salary expense Account

Dr: salary expense $1,524, Cr Balance c/d $1,524, Total Dr $1,524,Cr $1,524

Common Stock

Dr : Balance c /d $18,270, Cr :Cash $18,270 Total Dr $18,270, Cr $18,270

Supplies Account

Dr: Account payable $1,320, Cr Balance c /d $1,320, Total Dr $1,320, Cr $1,320

Account Payable

Dr: Cash $305,Balance c/d $1,015, Cr supplies $1,320, Total Dr $1,320, Cr $1,320

Service Revenue Account

Dr Balance c /d $4,771 Cr : Account Receivable $1,929, cash $2,842, Total Dr $4,771, Cr $4,771

Unearned Revenue Account

Balance c/d $711, Cr cash $711, Total Dr $711,Cr $711

(3) The trial balance as on 30/04/2017

Dr: Cash $19,613, salary payable $381, supplies $1,320, Account Receivable $1,929, salary expense $1,524 Total $24,767

Cr : Common Stock $18,270, Account Payable $1,015, service revenue $4,771, unearned revenue $711 Total $24,767

6 0
3 years ago
Sentence or a short
Kaylis [27]

Look at the very last page (page 2) of this pdf, does it help?

https://www.monmouth.edu/resources-for-writers/documents/bluebook-explanatory-parentheticals.pdf/

4 0
2 years ago
According to the aggregate production function, gdp increases when a nation ____________.
cluponka [151]

According to the aggregate production function, GDP increases when a nation increases the human capital of its workers. Social scientists refer to personal qualities seen to be helpful in the manufacturing process as "human capital."  Individual incomes are significantly impacted by human capital. According to research, making economic investments in human capital pays off handsomely throughout youth and young adulthood.

Through education and training, for instance, businesses can invest in human capital, enabling higher standards of quality and output. Paul Romer, who created the current innovation-driven approach to comprehending economic growth, was jointly awarded the 2018 Nobel Prize for Economics as a result of his conceptualization.

To learn more about human capital, click here.

brainly.com/question/28244215

#SPJ4

4 0
1 year ago
Other questions:
  • Which of the following characteristics would lead the auditor to assess control risk at a higher level?a. It is difficult for th
    5·1 answer
  • A restaurant bill is made up of the following: $12.50 for starters, $28.55 for main courses, and $8.95 for deserts, plus a 15% s
    9·1 answer
  • Ill give someone brainliest if they give me brainliest
    11·2 answers
  • If the domino effect occurs as a result of changes in the money supply, what will most likely happen as an immediate result of b
    9·2 answers
  • Anne Mullens is the bookkeeper for DWG Refrigeration Repair. One afternoon while she was preparing the bank deposit, a customer
    6·1 answer
  • Joaquin has $1,300 in the bank and has investments worth $4,000. He also has $7,000 worth of credit card debt. What is the total
    6·1 answer
  • Following is partial information for the income statement of Audio Solutions Company under three different inventory costing met
    13·1 answer
  • On July 1, a company paid the $600 premium on a one-year insurance policy with benefits beginning on that date. What will be the
    12·1 answer
  • Patrick has an adjusted gross income of $160,000 in the current year. He donated $30,000 in cash to a public charity, capital ga
    6·1 answer
  • One way to support the domestic marketing campaign is through industry participation. List three other pillars of this campaign.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!