1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Maurinko [17]
3 years ago
6

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.

You might be interested in
An asset costs $174000 and is expected to have a $58000 salvage value at the end of its 10-year life. Straight-line depreciation
makvit [3.9K]

The cash payback period for the asset is 3 years.

Payback period = Cost of Investment ÷ annual cash inflow

=174,000 / 58,000

= 3 years

What is cost of investment in accounting?

Certain investments are recorded using the cost method of accounting in a company's financial statements. When an investor holds an investment that it has little or no control over—typically described as owning less than 20% of the company—they employ this strategy.

What is yearly cash flow?

Cash circulation in and out of a business over a fiscal year is referred to as "annual cash flow" in finance.

How do you calculate annual cash flow?

To calculate your yearly cash flow, subtract your total cash inflows from your total cash outflows. If the result is positive, it indicates positive cash flow; if it is negative, it indicates negative cash flow. Using the same example, take $175,000 out and subtract $139,000 to generate $36,000 in positive annual cash flow.

Learn more about cost of investment: brainly.com/question/16944523

#SPJ4

5 0
1 year ago
Tyson is a 25 percent partner in the KT Partnership. On January 1, KT makes a proportionate distribution of $16,000 cash and lan
mina [271]

Answer:

No option is correct. The options include inventory, while the question does not mention any inventory distributed.

Tyson's basis on the land is $4,000.

Explanation:

Tyson's basis on the land = total distribution - cash distribution = $20,000 - $16,000 = $4,000

A partner only needs to recognize a gain on a distribution when the cash distribution is larger than the partner's basis. In this case, the partner's basis is more than the cash distribution. The partner's basis for the rest of the assets distributed will be equal to the difference between the partner's basis - cash received.

In this case, since the difference is $4,000, then the basis for the land will be reduced.

7 0
4 years ago
A group of students organizing a protest march would be an instance of ________ speech.
Vadim26 [7]

Answer:

C) unprotected

Explanation:

Unprotected explains that when an individual is not feeling safe and want to be stay from the harm or injury by another person.

Therefore according to the given situation, a group of students conduct a march for protest for the purpose of unprotected speech so that everyone should aware about their safety.

So, as per the above explanation the correct answer is c.

4 0
3 years ago
Extra units that are held in inventory to reduce stockouts are called a. demand variance. b. reorder point. c. safety stock. d.
vampirchik [111]

Extra units that are held in inventory to reduce stock outs are called just-in-time inventory. The term inventory refers to both the raw materials utilized in production and the finished commodities that are ready for sale. The first-in, first-out method, the last-in, first-out approach are used for inventory valuation.

Inventory turnover is a major contributor to revenue production and, subsequently, to profits for the company's shareholders, making it one of a company's most valuable assets. Work-in-progress items, finished goods, and raw materials make up the three categories of inventory. It is classified as a current asset on the asset side of a company's balance sheet.

To learn more about inventory, click here.

brainly.com/question/15118949

#SPJ4

7 0
2 years ago
Does anybody know xxalvinaa
natita [175]
....................no
3 0
3 years ago
Other questions:
  • Assume Baldwin Corp. is downsizing the size of their workforce by 15% (to the nearest person) next year from various strategic i
    8·1 answer
  • Explain the types of accounts ​
    5·2 answers
  • Prepare an amortization schedule for a three-year loan of $60,000. The interest rate is 9 percent per year, and the loan calls f
    12·1 answer
  • Use the following balance sheet and cash flow statement information to answer the questions below. Liquid assets: $10,000; home
    12·1 answer
  • True or False: You do not need to pay taxes if you earn income in cash.
    8·1 answer
  • Your company is trying to decide which of the two following devices should be selected.
    14·1 answer
  • Fort Bend ISD Middle School girls’ soccer team won 14 games and lost 5 games. Represent the ratio of wins to losses.
    6·1 answer
  • Many performers, like singers, actors, and athletes, get paid large amounts of money. Do you think they earn these amounts or sh
    15·2 answers
  • Two-thirds of all illiterate adults worldwide are men.
    13·1 answer
  • In a given market, the market equilibrium price and quantity are $120 and 5 million units, respectively. At a price of $100, 4.8
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!