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2 years ago

13

The fifth step of the financial planning process is to create and implement the financial action plan. What is involved in this

process

1 answer:

alexgriva [62]2 years ago

7 0

Answer:

Developing an action plan that identifies ways to achieve your financial goals.

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Complete the following:

Gekata [30.6K]

I believe its owners , but hopefully i helped

3 0

2 years ago

Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt works as a history professor at

babunello [35]

Answer:

$9,379

Explanation:

using the 2020 tax brackets:

the Comer's gross income = $68,000 + $33,000 + $1,500 = $102,500

taxable income = $102,500 - $24,800 (standard deduction for married couples) = $77,700

taxes owed = $1,975 + [12% x ($77,700 - $19,750)] = $8,929

capital gains = $13,000 - $10,000 = $3,000 x 15% capital gains tax rate = $450

total tax liability = $8,929 + $450 = $9,379

8 0

3 years ago

Taxes on the property Buyer Alan is purchasing are $3,200 due on December 31. If the closing is set for October 15, using the 36

lisabon 2012 [21]

Answer:

C). The seller's share of $2,525.76

Explanation:

The 365-day assumes a total of 365 days in a year. So the number of days up to when the closing is set should be determined as shown;

<em>Step 1: Determine total number of days up to October 15</em>

Total days up to October 15=Number of days in January+number of days in February+number of days in March+number of days in April+number of days in May+number of days in June+number of days in July+number of days in August+number of days in September+number of days up to October 15

where;

number of days in January=31

number of days in February=28

number of days in March=31

number of days in April=30

number of days in May=31

number of days in June=30

number of days in July=31

number of days in August=31

number of days in September=30

number of days up to October 15=15

replacing;

Total days up to October 15=(31+28+31+30+31+30+31+31+30+15)=288 days

<em>Step 2: Determine the amount of taxes that will be credited to the buyer</em>

Sellers share=(number of days up to October 15/total number of days in a year)×Taxes due on December 31

where;

number of days up to October 15=288 days

total number of days in a year=365

Taxes due on December 31=$3,200

replacing;

Sellers share=(288/365)×3,200=2,524.93 which is approximately equal to 2,525.76

The seller's share of $2,525.76

8 0

2 years ago

Your company expects profits to be close to $4,000,000. The board has instructed you to increase retained earnings by approximat

artcher [175]

The amount of dividends and dividend price per share comes out to be $2,000,000 and $20 when the number of shares is assumed to be 100,000.

<h3>What are dividends?</h3>

Dividends are the amounts allocated to share investors by the company up to their shareholdings. It is the amount that is first provided to preferred stock investors.

Given values:

Expected profits: $4,00,000

Increase in Retained earnings: $2,000,000

The number of shares is assumed to be 100,000.

Computation of dividend per share;

$\rm\ Dividend \rm\ per \rm\ share=\frac{\rm\ Expected Profits-\rm\ Increase \rm\ in \rm\ Retained \rm\ Earnings}{Number of shares} \\\rm\ Dividend \rm\ per \rm\ share=\frac{\$4,00,000-\$2,000,000}{100,000} \\\rm\ Dividend \rm\ per \rm\ share=\frac{\$2,000,000}{100,000} \\\rm\ Dividend \rm\ per \rm\ share=\$20$

Therefore, the amount of the dividend is $2,000,000 at a share price of $20 to be paid this year.

Learn more about the dividends in the related link:

brainly.com/question/14171490

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6 0

2 years ago

By switching its sales agents to a sales neutral profit commission, the firm is trying to convince the agents a. Improve their

Vadim26 [7]

Answer:

Improve their compensation by pricing less aggressively

Explanation:

Sales agents mostly prefer to have their commission based on the sales turnover as this appears to guarantee a seemingly better return compared to profit based commission at the expenses of the producer. however , one of the ways of persuading them to accept a change to this attitude is by introducing a switch to a sales neutral profit commission.With this , attention is shifted from generating a high sales volume at all cost.

Incentives and compensation should be modified to sales neutral , which will result to a change of behavior towards earning a higher compensation.

One of the changes that could come up to earn more is less aggressive pricing .

7 0

2 years ago