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satela [25.4K]
3 years ago
11

After meeting with your new client, you prepared his statement of financial position and pie charts. Which part of the financial

planning process were you engaged in? Developing the financial planning recommendations. Identifying and selecting goals. Analyzing the client's personal and financial circumstances. Presenting the financial plan recommendations
Business
1 answer:
yuradex [85]3 years ago
8 0

Answer:

Analyzing the client's personal and financial circumstances.

Explanation:

The Financial Planning process is the process involved in planning and formulating certain strategies for the client. The professionals' design plannings and strategies based on the financial situation of the client. They consider every aspect of the financial situation of the client. There is a total of six steps involved in the planning process. Analyzing and evaluating the financial status of the client comes under the third step.

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Spartan Corporation, a U.S. corporation, reported $2 million of pretax income from its business operations in Spartania, which w
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Answer:

A. = (15% X $2M) + (21% X $2M) = $720,000. Since there is no mechanism for mitigating double taxation, the branch profit will be taxed on the to tax rate of 15% and 21% which is $300,000 and $420,000.

B. The total tax for $2m branch profit if US corporations can remove foreign based profit from US taxation will be just the 15% x $2m = $300,000.

C.If they are allowed to take deductions for foreign income taxes, the total tax on the $2m branch profit will be (21% -15%) x $2m = $120,000.

Explanation:

D.1. If credit are allowed for foreign income tax paid, total tax will be ($2m - $300,000 been foreign tax paid) x 21% = $357,000

D.2.

If the charge foreign income taxes at 30% and US corporations can claim refundable credit for foreign income tax paid on foreign source income = ($2m - $300,000 been the foreign income tax paid) = $1 700,000 x 30% = $510,000

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3 years ago
Imagine you’re working on an important project at work. You’re writing some content about space exploration for your client. You
dem82 [27]

Answer:

Subject: Request List: Approved Reference Books for Space Exploration Article

Dear Mr. Jackson,

I am writing to request you to email me the list of approved reference books for the space exploration article. We had discussed some tentative suggestions in our previous meeting. We are a bit behind schedule with writing the article. The reference book list will be a great help to us. Thank you for your time in considering this request.

Sincerely Yours,

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THIS IS THE EXAMPLE ANSWER!

8 0
3 years ago
​A restaurant, which operates in a perfectly competitive market, is evaluating whether it should serve breakfast on a daily ba
riadik2000 [5.3K]

Answer:

TRUE

Explanation:

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

In the short run, the firm would continue to operate if its revenue covers variable cost. if it doesn't it would shut down.

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3 years ago
To supplement her income, Jeanne Lester decided to start her own bookkeeping business while still working as an office assistant
Triss [41]

Answer:

Yes  

Explanation:

Misappropriation of assets includes actions like stealing a company's assets or borrowing them for personal use. In this case, Jeanne didn't steal any of the company's assets and even paid for her office supplies, but she is borrowing the company's phone, computer and printer. In a strict manner, we can say that she misappropriated the assets even though they were not harmed and remain completely operational.  

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3 years ago
As a result of cash flow shortages, millard's department stores has fallen behind in payments to suppliers. some suppliers are w
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In order for Millard’s Department Store to meet their immediate needs, they should utilize the short term financing. Short term financing is defined as a way of business financing by means of obtaining finance that is usually in a term of one year or less than one year. It is usually for about 4-6 months.

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3 years ago
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