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netineya [11]
3 years ago
15

How will you approach becoming financially independent?

Business
1 answer:
mylen [45]3 years ago
7 0
To become financially independent you may need to create some space between your income and your expenses, either by cutting back on your spending or finding a way to boost your income. Simply saving money and parking it in a bank account isn’t enough, as over time inflation will erode the value of that money. In order to gain financial independence you may need to invest your savings, picking an investment vehicle such as stocks, bonds or real estate that matches your risk tolerance and liquidity needs.

There are many times on your quest to achieve financial independence where math will butt up against human psychology. If you don’t have the mindset locked and loaded, it will be harder to keep going on a long journey where the results can take decades to appear. A classic example would be the decision to pay down your mortgage sooner vs. investing the extra money, or which approach you should take towards paying off debt (the snowball method, where you pay off the smallest balance first or the avalanche method where you attack the highest interest rate first). In each case, the math suggests a clear winner, but you’ll need to pick a plan that you know you can stick to, even when things get tough.
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Why might a company that sells advanced lighting systems include a technical specialist on its sales teams?done
erik [133]
I think the answer is C
7 0
3 years ago
The following information is available for MVF Company(dollar amounts are in millions)
Klio2033 [76]

Answer:

                                           2016            2015          2014           2013

gross profit%                     26.29%        22.58%      22.45%     22.41%

Inventory turnover          6.58               7.64            7.6             7.94

cost of material %          59.89%       51.76%         89.82%       51.10

b. gross%  has increased this may be due to a high demand, and intense marketing.

inventory turnover has decreased this may be due to new competition, or introduced product(new product)

cost of material purchased % it has increased in 2016, this may be due to increased production and effective use of material.

Explanation:

gross profit % =gross profit/ sales

gross profit = sales less cost of sales

inventory turnover = cost of sales / average inventory

average inventory = (opening inventory + closing inventory )/2

cost of material purchased/ cost of finished goods

finished goods = cost of sales + closing - opening goods

4 0
3 years ago
holdup bank has an issue of prefered stock witha standard deviation of $7 that just sold for $87 per share. What is the banks co
alisha [4.7K]

Answer: 8.05%

Explanation:

From the question, we are informed that Holdup bank has an issue of prefered stock witha stated dividend of $7 that just sold for $87 per share.

The banks cost of prefered will be:

= Dividend / Stock value

= 7/87

= 0.0805

= 8.05%

6 0
3 years ago
Of the four sources of cash listed below, which can be found in the balance sheet?a. funds provided by operations.b. funds provi
My name is Ann [436]

Answer: b. funds provided by borrowing.

c. funds provided by the sale of assets.

d. funds provided by issuing common or preferred stock.

Explanation:

The financial statement consists of two main components which are the balance sheet and the income statement. The balance sheet simoly shows the financial standing of a firm.

Of the options, those that can found in the balance sheet are:

b. funds provided by borrowing.

c. funds provided by the sale of assets.

d. funds provided by issuing common or preferred stock.

5 0
4 years ago
If consumer wealth decreases as the stock market plunges, then (3 points) there is a movement down the AD curve as price level d
tekilochka [14]

Answer:

AD shifts left and price level would decrease.

Explanation:

If consumer wealth decreases due to a plunge in the stock market, the AD curve will shift to the left. This is because shifts to the left of the AD curve represent a reduction in demand, and if consumers are poorer, they will naturally decrease their demand.

This will in turn reduce the price level, because in a market system, prices will fall until they meet the new, lower demand, meaning that a new equilibrium price is reached.

3 0
3 years ago
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