<u>Explanation:</u>
The financial planning process is defined as a collection of actions carried out by an individual in other to manage their finances and to achieve personal economic freedom or satisfaction.
<u>List the elements of a good financial plan includes;</u>
- It should be aimed at protecting financial resources
- should be focused on debt avoidance
- It should take into account future expenses.
<u>Important personal and economic factors:</u>
Your income: it is important to know what your finances are in other to make the right decisions.
Your savings: By knowing the amount of spare money one has would allow the decides if he can bring in new expenses.
Your living expenses: This is a necessary factor to consider in other to meet or set achievable financial goals.
Answer: True
Explanation:
The Weighted Average Cost of Capital (WACC) calculates the cost of capital to a company for the means of capital it uses to finance operations. It is based on the cost and the weight of the various capital types.
Formula is;
<em>= Cost of Equity * %Equity + Cost of debt * %Debt * ( 1 - Tax rate) + Cost of Preferred Stock * %Preferred stock</em>
The required rate of return on preferred stock is the same as the Cost of Preferred Stock. From the formula it is shown that if this rate increases, holding all else equal, total WACC will increase.
The correct answer is c. remain calm and immediately exit the building.
Answer:
I used an excel spreadsheet to calculate this:
the least squares regression line:
y = a + bx
y = $2,937 + 3.96x
where y = total cash wash costs and x = rental returns
fixed costs = $2,937 per month
variable cost = $3.96 per car washed