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ANTONII [103]
3 years ago
5

A personal financial statement is also called which of the following?

Business
1 answer:
Phantasy [73]3 years ago
3 0

Answer:

The term personal financial statement refers to a document or spreadsheet that outlines an individual's financial position at a given point in time. The statement typically includes general information about the individual, such as name and address, along with a breakdown of total assets and liabilities. The statement can help individuals track their financial goals and wealth, and can be used when they apply for credit.

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As a result of cash flow shortages, Washington Department Stores has fallen behind in payments to suppliers. Some suppliers are
xenn [34]

Answer:

The correct answer is letter "D": short-term financing.

Explanation:

Short-term financing allows companies to obtain capital for their <em>day-to-day operations</em>. The funds obtained are typically used for the transactions companies require during one period -one year, but the term for payment tends to be within six (6) to twenty-four (24) months. Under this scenario, the main purpose of firms is to keep their businesses up and running and obtain profits enough for the payment of the loan and reinvestment in the company.

7 0
3 years ago
A 10,000 par value bond with coupons at 8%, convertible semiannually, isbeing sold 3 years and 4 months before the bond matures.
Kay [80]

Answer:

$5,563

Explanation:

Calculation to determine the market price of the bond

First step is to calculate price of the bond 3 years and 4 months before the bond matures

Bonds price=$5,640 (1.03)^2/6

Bonds price=$5,695.84

Second step is to calculate the accrued coupon

Accrued coupon=1,000(8%/2)[(1.03)^2/6−1÷0.03

Accrued coupon=1,000(.04)[(1.03)^2/6−1÷0.03]

Accrued coupon=400[(1.03)^2/6−1÷0.03]

Accrued coupon=$132.02

Now let determine the the market price of the bond

Market price of Bond=$5,695.84−$132.02

Market price of Bond=$5,563

Therefore the market price of the bond is $5,563

3 0
3 years ago
A young investment manager tells his client that the probability of making a positive return with his suggested portfolio is 80%
lorasvet [3.4K]

Answer:

9.5%

Explanation:

we solve for the z value using

z = barX - μ/σ

= 0-0.08/σ

= p(x>0) = 0.80

1-0.80 = 0.20

0-0.08/σ = 0.20

using the z calculator we find the z score using a p value of 0.20

= -0.842

0-0.08/σ = -0.842

-0.08 = -0.842σ

Divide through by -0.842

0.08/0.842 = σ

0.095 = σ

The risk measured by the standard deviation at 80%= 9.5%

Thank you

3 0
4 years ago
Discuss the principles of professionalism.​
BaLLatris [955]

Answer:

Maintain confidentiality in professional relationships. ... Fulfill commitments in a reliable, responsive and efficient manner. Be fully accountable for actions, use of resources and financial dealings.

4 0
3 years ago
Which may occur as a result of a decrease in the price of laptop computers?
Nimfa-mama [501]

Answer:

<em>Increase in quantity demanded</em>

Explanation:

Demand for a product is the different quantities of that product that consumers are willing and ready to pay for at different prices.

There are many factors that affect the demand for a product; these include change in the price of the product, price of related products, change in consumer income, change in fashion, taste and style.

<u><em>Change in quantity demand</em></u>

Specifically, the law of demand states that there is an inverse relationship between quantity demand and its price. Change in quantity demand is a movement along the demand curve.

<em>A change in the price of a product will produce an opposite change in  the quantity that consumers  are willing to buy assuming all other factors do not change. This is referred as to as change in quantity demand. This can either be an increase or a decrease depending on the direction of the price movement.</em>

<u><em>Change in demand</em></u>

<em>Change in demand is the shift in the demand curve to either right or left.  This can be attributed to any of the factors that affect demand other the price e.g change in income.</em>

<em>Therefore a decrease in the price of laptop computers will lead to an increase in the quantity demanded</em> .

5 0
3 years ago
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