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
lozanna [386]
3 years ago
14

Sophia Martin is assessing her balances. She expects to retire in the next year and has $675,000 in savings and investments and

owns her own home that is worth $250,000. Which step in the financial planning process does this situation demonstrate?
Business
1 answer:
iVinArrow [24]3 years ago
5 0

Answer:

Determining her current financial situation.

Explanation:

Under Financial planning processes, there are 6 major steps, viz

(1) determining your current financial situation

(2) developing financial goals

(3) identifying alternative courses of action

(4) evaluating alternatives

(5) creating and implementing a financial action plan,

(6) re-evaluating and revising your plan.

Sophia Martin is currently on Step 1 as she is currently assessing her balances, which means she is evaluating, gauging and estimating what she earns at the moment.

You might be interested in
The liquidity of the market is _____ in a purely domestic capital market. Multiple Choice unlimited limited held in reserves bas
MakcuM [25]

Answer:

The answer is B. Limited

Explanation:

A market is liquid if market participants can either sell or buy securities (assets, bonds etc.) easily with low transaction costs or without significantly reducing its price.

A purely domestic capital market is not as liquid as the one that also involves foreigners because it is purely domestic and market participants wont be that much compared to if market participants also involve foreigners.

Number of market participants is a key to liquidity. The higher the number, the more liquid a market is.

7 0
3 years ago
To increase the money​ supply, the FOMC directs the trading​ desk, located at the Federal Reserve Bank of New​ York, to A. sell
andrezito [222]

Answer:

. D. print U.S. Treasury securities and distribute them to banks

Explanation:

4 0
3 years ago
During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as foll
hram777 [196]

Answer:

the net sales for the two months is $2,448

Explanation:

The computation of the net sales for the two months is shown below:

= Sale made on Jan 6 + sale made on Jan 6 + sales made on Feb 28 - discount on sale made on Jan 6

= $1,400 + $690 + $400 - ($1,400 × 3%)

= $2,490 - $42

= $2,448

hence, the  net sales for the two months is $2,448

The same is to be considered

5 0
3 years ago
Shout Magazine focuses its marketing efforts on reaching teen-aged girls interested in fashion and celebrity culture. The firm b
Lelechka [254]

Considering the situation described above, Shout utilizes the strategy of <u>Concentrated Marketing.</u>

<u>Concentrated Marketing</u> is a type of Marketing strategy whereby firms or companies direct all endeavors and resources to develop and market a product for a particular target group segment.

Thus, when Shout Magazine focuses its marketing efforts on reaching teenaged girls interested in fashion and celebrity culture, this is a form of <u>Concentrated Marketing.</u>

Concentrated Marketing is often referred to as Niche Marketing, and it is considered more effective in small businesses.

Hence, in this case, it is concluded that the correct answer is "<u>Concentrated Marketing."</u>

Learn more here: brainly.com/question/15418516

4 0
3 years ago
No arbitrage is equivalent to the idea that all risk-free investments should offer investors:
olga nikolaevna [1]

Answer:

JOIN MY ZOOM  528-468-7585

Explanation:

7 0
2 years ago
Other questions:
  • Locally manufactured Bubbles is a popular brand of detergent in Germany. However, with the entry of a foreign multinational into
    12·2 answers
  • Product costs are always expensed in the period when they are incurred. (2pts) true false
    10·1 answer
  • In 2018, a marketing manager for New Balance’s Minimus golf shoe needs to forecast sales through 2020. She begins with the known
    9·1 answer
  • On March 1, 2021, Bearcat lends an employee $16,000. The employee signs a note requiring principal and interest at 12% to be pai
    7·1 answer
  • Yuki was just hired as a financial analyst and will spend the next two weeks learning company policies, procedures, and culture
    8·1 answer
  • Your company builds cars in Texas. You purchase metal from a company in Wisconsin. You are part of the _________ segment of the
    15·1 answer
  • ____ is a referral service that employees can use to seek professional treatment for emotional problems or substance abuse.
    9·1 answer
  • how long will it take 13,000 to grow to 18,000 if the investment earns at the interest rate of 3% compunded monthly
    5·1 answer
  • Suppose there is a decrease in the U.S. selling price of Japanese-made cars (a substitute for American-made cars). At the same t
    10·1 answer
  • Carver Incorporated purchased a building and the land on which the building is situated for a total cost of $700,000 cash. The l
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!