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3 years ago

The first step of the financial planning process is to:

Business

2 answers:

yulyashka [42]3 years ago

7 0

Answer:

Review Of Current Financial Situation

Explanation:

The first step in the financial planning process involves taking a detailed look into a person's current financial situation. This means examining a person's savings, income, debts and current living expenses.

Monica [59]3 years ago

7 0

Answer:

Creating and implementing a financial action plan..

Hope it helps:)

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The Red Bud Co. pays a constant dividend of $2.40 a share. The company announced today that it will continue to do this for anot

ElenaW [278]

Answer:

$4.44

Explanation:

P0 = $2.40 / 1.08+ $2.40 / 1.08 = $4. 44

5 0

3 years ago

What is an emergency fund?

alexira [117]

Answer:

box of money.

Explanation:

it is for money so u can get the money for emergency's

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2 years ago

Sonya and taylor enter into an oral contract that is required to be in writing to be enforceable. Such a contract is normally.

zhannawk [14.2K]

Such a contract is normally voidable by a party who does not wish to follow through with it.

Voidable Contract: A formal agreement between two parties that is voidable can become unenforceable for a variety of legal reasons, such as: failure to reveal a crucial truth by one or both parties. a blunder, false statement, or fraud. excessive pressure or coercion.

A contract involving a minor is an illustration of one that is voidable. Although minors are able to sign contracts, they are also free to choose to break them without facing any consequences.

fraud, deception, misrepresentation, and coercion. A contract may be voidable if permission was obtained for it in one of several dubious methods. The party who was the victim of unfairness has the right to revoke contracts that were made as a result of force, threats, lies, or inappropriate influence.

What are the effects of a contract that can be voided?

If a party to a voidable contract has received anything from another party under that contract, that party must return that thing, to the extent possible, to the person from whom it was obtained.

To learn more about Voidable Contract, visit the following link:

brainly.com/question/17162523

#SPJ4

6 0

1 year ago

Cominsky Company purchased a machine on July 1, 2021, for $28,000. Cominsky paid $200 in title fees and county property tax of $

sammy [17]

Answer:

Deprecation base=$26,300

Explanation:

Given Data:

Cost of machine=$28,000

Tax=$125

Fees=$200

Shipping charges=$500

Paid to contractor to build and wire a platform for the machine=$475

Salvage value=$3000

Useful life = 6 years

Required:

Depreciation base of Cominsky's new machine=?

Solution:

Deprecation base=Acquisition Cost-Salvage Value

Acquisition Cost:

It is the cost which involves the buying of asset and making the asset to work. In our case:

Acquisition Cost=Cost of machine+Tax+Fees+Shipping charges+Paid to contractor to build and wire a platform for the machine

Acquisition Cost=$28,000+$125+$200+$500+$475

Acquisition Cost=$29300

Deprecation base=Acquisition Cost-Salvage Value

Deprecation base=$29300-$3000

Deprecation base=$26,300

5 0

3 years ago

In horizontal analysis the percent change is computed by: Multiple Choice Subtracting the analysis period amount from the base p

GalinKa [24]

Answer:

Subtracting the base period amount from the analysis period amount, dividing the result by the base period amount, and then multiplying that amount by 100.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB). It can be defined as the field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.

There are two (2) main methods used in financial accounting for analyzing financial statements and these are;

I. Vertical analysis.

II. Horizontal analysis.

Horizontal analysis compares historical financial informations over a number of reporting periods.

In horizontal analysis the percent change is computed by subtracting the base period amount from the analysis period amount, dividing the result by the base period amount, and then multiplying that amount by 100.

3 0

3 years ago