Answer: To understand how businesses need money and how they can sustain themselves for a period of time to fund bills and still operate
Explanation:
Understanding the relationship between cash conversation cycle and contemporary business executive aims at knowing the business needs funds to operate and building strategic alliances, make money and propose ideas that will sustain and elevate it's strength for some time. Money is vital in running business operations, as organizations will foot bills and do some expenditure and sought out ways to earn more business.
<u>"Financial planning"</u> is an important part of the conflict resolution process when there are disputes relating to money matters in families.
Financial Planning is a continuous procedure to enable you to profit that can enable you to accomplish your objectives throughout everyday life.
It may include setting up fitting wills to secure your family, considering how your family will oversee without your pay should you fall sick or kick the bucket rashly, burning through cash in an unexpected way, however it includes contemplating these things together i.e. your 'plan'. You can construct an arrangement all alone, or if your requirements are more intricate you may need the assistance of a Financial Planner.
Answer:
More; Less
Explanation:
If there is a good current economic condition, people tend to save more and consume less at the present moment, because they don't know what the future holds (whether good or ugly ). They would have to save for the rainy days.
On the flip side, if there is good outlook on future economic conditions, people tend to save less because there is a better expectation of the future and they would rather consume more at the present.
Answer:
LIFO (Last-in-last-out)
Explanation:
Last in last out is the method of inventory valuation where the unit that was added in inventory last would be sold first. In case, of rising prices, the unit added in inventory would cost more than the one added first. So, if LIFO is used in case of rising prices, cost of goods sold would be higher. If COGS is higher, income will fall, thereby reducing tax liability.
So, if the firm wants to pay lower taxes during price rise, it should opt for LIFO method to value inventory.
The value of the account when the granddaughter reaches her 13th birthday will be $2720
Compound interest is interest that builds up over a set length of time on both principal and interest. The principal is also used to account for the interest that has accrued on a principal over time. Furthermore, the accumulated principal value is used to calculate interest for the subsequent period.
Principal amount invested = $1000
Rate of return = 8% per year
Time = 13 years
Using the formula we get the following:
A = P(1+r/100)^n
where A = amount
P = principal amount invested
r = rate of return
n = time in years
Substituting the values in the formula we get:
A = 1000(1+8/100)^13
= $2719.62 or $2720
Learn more about compound interest:
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