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3 years ago

Explain the importance of financial planning

Business

1 answer:

Diano4ka-milaya [45]3 years ago

8 0

Answer:

Financial planning is a step-by-step approach to meet one's life goals. A financial plan acts as a guide as you go through life's journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.

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The management of an online retailer is mostly interested in implementing strategies and pushing policies that result in the uti

mart [117]

Answer:

The right option is (C)

Explanation:

The economic model of corporate social responsibility explains that a company should focus on providing their customers with the best product possible and they should manufacturing goods which public needs. The only way to benefit society is to leave society alone and work to provide market profit products that society needs. The management of online retail store is establishing a complete opposite framework.

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3 years ago

Respond to the following short answer prompt: Imagine you are a lead social science researcher and are responsible for approving

GarryVolchara [31]

Answer:

Answer is given in the explanation

Explanation:

1. Racial predisposition; this research violates very basic ethical code of racial discrimination. There is no way that a researcher can be allowed to target a specific group of people based on their biological race. This type of discrimination hinders the authenticity of research and have far reaching repercussions for the target group as well as the whole society.

2. Electroshock therapy; this research’s target population is preteens and adolescents, experimenting such an extreme punishment on them has no justification. This causes direct harm to the children. Besides the electroshock are used on chronic psychic patients not on general public not even adults let alone the preteens.

3. Health Problems, Diet, and Socioeconomic Status; this research proposal is better than the previous two proposals but it has some ethical regarding the consequences of the publicly published findings. Rather it would be more effective to keep these findings to the policy makers and work for the betterment of the lower status peoples so that they can also eat healthy diet.

6 0

4 years ago

An activity's normal time and cost are 8 and $100, respectively. its estimated crash time and cost are 6 and $160, respectively.

Sphinxa [80]

An activity's normal time and cost are = 8 and $100 respectively
estimated crash time and cost are = 6 and $160 respectively
Activity's crash cost per unit time = ?
crash cost per unit time = cost slope and,
cost slope = rise/run = (crash cost - normal cost) / (normal time - crash time)
cost slope = (160 - 100) / (8 - 6) = 60 / 2 = $30
so, crash cost per unit time is $30.

3 0

3 years ago

Who stated in the 1800s that matter is made of tiny particles called atoms that are indivisible. He thought they were solid litt

Wittaler [7]

Democritus is the right answer

4 0

3 years ago

Read 2 more answers

The following transactions and adjusting entries were completed by Legacy Furniture Co. during a three-year period. All are rela

Montano1993 [528]

Answer and Explanation:

As per the data given in the question,

The journal entries are shown below:

Year 1

On Jan 4

Delivery truck A/c Dr. $28,000

To cash Cr. $28,000

(Being the delivery truck is purchased for cash)

On Nov 2

Truck repair expense A/c Dr. $675

To Cash Cr. $675

(Being the miscellaneous repairs paid)

On Dec 31

Depreciation expense - delivery truck A/c Dr. $14,000 ($28,000 ÷ 4 years × 2)

To accumulated depreciation Cr. $14,000

(Being the depreciation expense is recorded)

Year 2

On Jan 6

Delivery truck A/c Dr. $48,000

To cash Cr. $48,000

(Being the delivery truck is purchased for cash)

On April 1

Depreciation expense - delivery truck A/c Dr. $1,750

To accumulated depreciation Cr. $1,750

(Being the depreciation expense is recorded)

The computation is shown below:

= $28,000 - $14,000 ÷ 4 years × 2 × 3 months ÷ 12 months

= $1,750

Accumulated depreciation - delivery truck A/c Dr. $15,750 ($14,000 + $1,750)

Cash A/c Dr. $15,000

To Delivery truck Cr. $28,000

To Gain on sale of delivery truck Cr. $2,750

($15,750 + $15,000 - $28,000)

(Being the sale is recorded)

On June 11

Truck repair expense A/c Dr. $450

To Cash Cr. $450

(Being the miscellaneous repairs paid)

On Dec 31

Depreciation expense - delivery truck A/c Dr. $19,200

($48,000 × 2 ÷ 5 years )

To Accumulated depreciation - delivery truck Cr. $19,200

(Being the depreciation expense is recorded)

Year 3

On July 1

Delivery truck A/c Dr. $54,000

To cash Cr. $54,000

(Being the delivery truck is purchased for cash)

On Oct 2

Depreciation expense - delivery truck A/c Dr. $8,640

To accumulated depreciation Cr. $8,640

(Being the depreciation expense is recorded)

The computation is shown below:

= $48,000 - $19,200 ÷ 5 years × 2 × 9 months ÷12 months

Cash A/c Dr. $16,750

Accumulated depreciation - delivery truck A/c Dr. $27,840

($19,200 + $8,640)

Loss on sale of delivery truck A/c Dr. $3,410

To delivery truck Cr. $48,000

(Being the sale is recorded)

On Dec 31

Depreciation expense - delivery truck A/c Dr. $6,750

To Accumulated depreciation - delivery truck Cr. $6,750

(Being the depreciation expense is recorded)

= $54,000 ÷ 8 years × 2 ÷ 6 months ÷ 12 months

7 0

4 years ago

Explain the importance of financial planning​

Explain the importance of financial planning