Answers
Answer:
The answer to your question is EQUAL total credits.
Explanation:
A trial balance is an internal report used to determine whether total debits equal total credits. A trial balance shows the ending balances obtained from the ledger listed in either the debit or credit column.
I hope this helps and have a wonderful day!
Related Questions
QUESTION 4: PROGRESS REPORT On the 20th of April 2023, The campus manager, Mr Manoto, requested the secretary in the SRC office, to compile a report on the progress of the revival day planning. In your report tasks that are completed are invitations for special guests and booking of live performers; the task committee is still busy with finalizing the design of the banners and T-shirt and sports bottle printing. Due to overspending on budget, you still have not booked catering and security for the day. Your report must be in memo format.
Answers
A sample memo based on the given question prompt is given below:
The MemoMemorandum
To: Mr. Manoto, Campus Manager
From: SRC Office Secretary
Date: April 20th, 2023
Subject: Progress update for Revival Day planning
Esteemed Mr. Manoto,
Please find below a status report detailing advancements made in the preparations of the upcoming Revival Day ceremony. We have accomplished issuing invitations to prominent guests and securing prominent musical acts. Our committees are putting the finishing touches to banner design, T-shirt outfits, as well as customizing sport water bottles.
Conversely, budgetary concerns impede us from booking security or catering caterers essential for event operations. However, we are investigating ways to cut expenses while still delivering quality service. We will be prompt with updates about progress made through these alternative strategies.
Thank you for your kind ownership in this venture; rest assured that our team is steadfastly dedicated to ensuring an excellent Revival Day rally session.
Yours faithfully,
[Your name]
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what is a bad listening habit?
Answers
An insurance policy is most useful as a way to what?
Answers
Answer: c. protect against the cost of unexpected events
Explanation: everyone has a time but funeral costs and other cost can really cost a lot so you get life insurance too save money so if you die that money can be used for funeral costs etc
Healthy eating habits have become a high priority for Baby Boomers. Salmon has been identified as a heart-healthy, antioxidant-rich fish.
The price of fresh salmon has increased over the past ten years. According to the law of supply and demand, the quantity of salmon provided should
Answers
The amount of fish offered should rise in accordance with the law of supply and demand.
What does it mean when the amount sought rises in response to a price change?From one point on the demand curve to the next, there is movement. Rightward shift in the demand curve
According to the law of demand, a good's price increases?According to the law of demand, higher prices result in smaller quantities being wanted, whereas lower prices result in bigger quantities being demanded.
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On January 31, 2016, Charlie Company paid employees $6,500 for January wages earned. Prepare the general journal entry (without explanation) needed. If no entry is required then write "No Entry Required."
Answers
Answer:
Jan, 31
DR Wages and Salaries Expense ..................................... $6,500
CR Cash .............................................................................................$6,500
( To record wages paid to employees)
Wages are expenses and so are debited when they increase.
Cash was used to pay the wages therefore it decreased and as an asset it is to be credited when it decreases.
Haas Company manufactures and sells one product. The following information
pertains to each of the company's first three years of operations:
Variable costs per unit:
Manufacturing:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative
Fixed costs per year:
Fixed manufacturing overhead
Fixed selling and administrative expenses
A A A A
20
12
4
2
$
Book
$ 960,000
$ 240,000
int
During its first year of operations, Haas produced 60,000 units and sold 60,000 units.
During its second year of operations, it produced 75,000 units and sold 50,000 units.
In its third year, Haas produced 40,000 units and sold 65,000 units. The selling price
of the company's product is $58 per unit.
int
ences
Required:
1. Compute the company's break-even point in unit sales.
2. Assume the company uses variable costing:
a. Compute the unit product cost for year 1, year 2, and year 3.
b. Prepare an income statement for year 1, year 2, and year 3.
3. Assume the company uses absorption costing:
a. Compute the unit product cost for year 1, year 2, and year 3.
b. Prepare an income statement for year 1, year 2, and year 3.
Answers
While the sales revenue of $960,000 is a crucial piece of information, it is only one component in assessing the financial performance of Haas Company.
Based on the provided information, it can be inferred that Haas Company manufactures and sells only one type of product. The total amount of sales revenue for this product is $960,000. However, this information alone is not sufficient to determine the profitability or financial health of the company.
In order to assess the financial performance of Haas Company, additional information such as the cost of goods sold, operating expenses, and net income is needed.
The cost of goods sold refers to the direct costs associated with the production and sale of the product. This includes materials, labor, and overhead expenses. By subtracting the cost of goods sold from the total sales revenue, the gross profit can be determined. The gross profit indicates the profitability of the product, before taking into account any operating expenses.
Operating expenses are the indirect costs associated with running the business, such as rent, utilities, salaries, and advertising. After subtracting the operating expenses from the gross profit, the net income can be determined. The net income represents the overall profitability of the company after all expenses have been accounted for.
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Before the year began, Jupiter Manufacturing estimated that manufacturing overhead for the year would be $200,600 and that 25,600 direct labor hours would be worked. Actual results for the year included the following: Actual manufacturing overhead cost $182,500 Actual direct labor hours 20,000 If the company allocates manufacturing overhead based on direct labor hours, the manufacturing overhead for the year would have been ? (Round intermediary calculations to the nearest cent.) A. $18,100 overallocated. B. $18,100 underallocated. C. $25,700 overallocated. D. $25,700 underallocated.
Answers
Answer:
$25,700 Underallocated.
Explanation:
Calculation for the manufacturing overhead for the year
First step is to find the Predetermined overhead allocation rate using this formula
Predetermined overhead allocation rate = Manufacturing overhead/ Direct labor hours
Let plug in the formula
Predetermined overhead allocation rate=$200,600/25,600
=7.8359375
Second step is to multiply Predetermined overhead allocation rate by Actual direct labor hours
7.84*20,000
=$156,800
Lasr step is to find the manufacturing overhead for the year
Manufacturing overhead=$182,500-$156,800
Manufacturing overhead=$25,700 Underallocated
Therefore the manufacturing overhead for the year is $25,700 Underallocated
Farris Company reported the following information for its two products:
Product X Product Y
Selling price per unit
$ 25 $35
Variable cost per unit
15 20
Due to labor constraints, demand for each of the products is greater than its supply. Product X requires one hour of labor to produce and product Y requires three hours of labor to produce. Which of the following statements is true?
Answers
Answer: To determine which statement is true, we need to compare the contribution margin per unit of each product. The contribution margin is the amount by which the selling price exceeds the variable cost per unit, and it represents the amount of revenue available to cover fixed costs and contribute to profit.
Explanation: The contribution margin per unit for each product is calculated as follows:Product X: $25 selling price - $15 variable cost = $10 contribution margin per unitProduct Y: $35 selling price - $20 variable cost = $15 contribution margin per unitHowever, since Product Y requires three times as much labor as Product X, we need to consider the contribution margin per hour of labor:Product X: $10 contribution margin / 1 hour of labor = $10 contribution margin per hour of laborProduct Y: $15 contribution margin / 3 hours of labor = $5 contribution margin per hour of laborTherefore, the true statement is that Product X has a higher contribution margin per hour of labor than Product Y. Even though Product Y has a higher total contribution margin per unit, it requires more labor to produce, which reduces its contribution margin per hour of labor. As a result, if there is a labor constraint, it may be more profitable to produce more units of Product X rather than Product Y.
Siobhan's boss asked her to take over a project with several problems. What is the first step Siobhan should take in tackling the problems?
Answers
Answer:: evaluate the impact of the problemm & clssified them
Explanation:
plz mark brainly
the initial action Siobhan ought to take in resolving the issues Determine the impact of the issue and classify them.
What is meant by Problem solving?Being a common component of most activities, problem solving is the process of reaching a goal by overcoming barriers. From personal difficulties (such how to turn on an appliance) to complicated problems in the commercial and technical industries are all problems that require solutions.
The former is a simple problem solving (SPS) example that only addresses one issue, whereas the latter is a complicated problem solving (CPS) example that must solve many interconnected hurdles. Undefined problems, in which the existing state is problematic but it is unclear what kind of resolution to aim for, are divided from well-defined difficulties,
which have obvious obstacles and goals. Similar distinctions can be made between formal, fact-based challenges requiring psychometric intelligence and socio-emotional Problem solving that depend on people's or groups' fluctuating emotions.
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What is the contest among various producers for the consumer's business called?
Answers
The contest among various producers for the consumer's business is called Competition.
What is competition vs monopoly?
A single company controls the amount of supply and the price of goods and services in a monopolistic market. There are many firms participating in a highly competitive market, and there is no dominant player. No market in the real world is entirely monopolistic or completely competitive.
When numerous producers attempt to market comparable products to the same group of buyers, this is known as competition. The producers must "compete" to try to entice more customers, typically by lowering prices, providing better versions of the products or services, or through marketing The Market Economy's central idea is competition.
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A three-month forward contract on a stock index is trading at $1000. The current index level is $985.1. Assuming a continuously compounded interest rate of 5%. Additionally, assume that the stock index does not pay any dividends. Which one of the following statements reflects a potential arbitrage strategy:
I. Long the forward contract, short the stock index, and lend at the risk-free rate
II. Short the stock index and lend at the risk-free rate, while entering in a forward contract agree- ment to purchase the asset in three months for $1000.
(a) I alone
(b) II alone
(c) I and II
(d) None of the above
Answers
Answer:
d
Explanation:
ddddddddddddddddddddddd
During its first year of business, XYZ Inc. purchased $1,600 of supplies. By the end of
the year, only $500 of supplies remain in the supply cabinet. Determine the amount to be
reported in the Supplies account in the Adjusted Trial Balance section of the worksheet
prepared on December 31.
Answers
Answer:
$500
Explanation:
Since adjusted trial balance is often prepared at the end of an accounting period in which based on the information given the supplies in inventory is on the last day of the accounting period in which only the amount of $500 of supplies was remaining in the supply cabinet, therefore the amount to be
reported in the SUPPLIES ACCOUNT in the Adjusted Trial Balance section of the worksheet
prepared on December 31 will be $500 of supplies remaining in the supply cabinet.
James received a raise after his first year on the job to $43,800 from his initial salary of $42,000. Inflation averaged 2.8% for that first year. In real terms (i.e., adjusted for inflation), what was his real raise stated as a percentage?
The calculation for percentage change of personal income is:
Group of answer choices
4.29%
2.29%
5.29%
1.29%
Answers
The calculation for percentage change of personal income is A. 4.29%. that is, the real raise of salary in percentage is 4.29%.
What is inflation?The overall rise in prices of goods and services over time in an economy is referred to as inflation. When inflation occurs, people may purchase fewer products and services with the same amount of money because the purchasing power of a unit of currency declines.
How do you determine it?James's initial income of $42,000 must be adjusted for inflation before being compared to his current compensation of $43,800 in order to determine his actual raise. The inflation rate was 2.8%.
Raise in salary = 43800 - 42000 = $1800
Therefore, real raise of salary in percentage is:
= Raise in salary/ initial salary x 100%
= 1800/42000 x 100%
= 4.285% = 4.29%
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Ava goes to the store and chooses clothes and shoes for a new job. The purchases total $200. Ava has a choice: pay with cash or pay with the credit card that gives the discount.
Answers
Answer:
Explanation:
efectivo
60,000 respectively in their Capital Accounts as on 1st January, 2016.
A introduced a further capital of Rs. 10,000 on 1st April, 2016 and another Rs. 5,000 on 1st July, 2016. On 30th September, 2016 A withdrew Rs. 40,000.
On 1st July, 2016, B introduced further capital of Rs. 30,000.
The partners drew the following amounts in anticipation of profit.
A drew Rs. 1,000 per month at the end of each month beginning from January, 2016. B drew Rs. 1,000 on 30th June, and Rs. 5,000 on 30th September, 2016.
% p.a. interest on capital is allowable and 10% p.a. interest on drawings is chargeable. Date of closing 31.12.2016. Calculate: (a) Profit-sharing ratio; (b) Interest on capital; and (c) Interest on drawings
Answers
Answer:
(a) Profit-sharing ratio:
To calculate the profit-sharing ratio, we need to know the total interest on capital and the total interest on drawings for both partners.
Total interest on capital for A = Rs. 37.50 (25 + 12.50)
Total interest on capital for B = Rs. 625
Total interest on drawings for A = Rs. 33.33
Total interest on drawings for B = Rs. 48.34 (6.67 + 41.67)
Total profit for the year = Rs. (1175 + 90625) - (385 + 54993.33) - (37.50 + 625 + 33.33 + 48.34) = Rs. 811.50
Profit-sharing ratio for A = (1175 - 385 - 37.50 - 33.33) / 811.50 = 0.476 = 47.6%
Profit-sharing ratio for B = (90625 - 54993.33 - 625 - 48.34) / 811.50 = 0.524 = 52.4%
Then the profit-sharing ratio is 47.6:52.4.
(b) Interest on capital:
Interest on capital for A = Rs. 37.50
Interest on capital for B = Rs. 625
(c) Calculation of interest on drawings:
A has drawn a total of Rs. 8,000 (Rs. 1,000 x 8 months) and B has drawn a total of Rs. 6,000 (Rs. 1,000 + Rs. 5,000) during the year. The interest on drawings will be calculated as follows:
A: 8,000 x 10% x 12/12 = Rs. 800
B: 6,000 x 10% x 6/12 = Rs. 300
then, the total interest on drawings is Rs. 1,100.
(d) Calculation of net profit:
The net profit for the year is calculated as follows:
Net profit = Gross profit - Interest on capital - Interest on drawings
Net profit = Rs. 55,000 - Rs. 4,500 - Rs. 1,100 = Rs. 49,400
(e) Calculation of profit-sharing ratio:
Since the interest on capital and drawings has been accounted for, the remaining profit of Rs. 49,400 will be shared between the partners in their profit-sharing ratio. The total capital of the partners as on 31st December, 2016 is Rs. 1,00,000 (Rs. 60,000 + Rs. 40,000 for A, and Rs. 60,000 for B) plus the additional capital introduced during the year.
A has introduced additional capital of Rs. 15,000 (Rs. 10,000 on 1st April and Rs. 5,000 on 1st July) and has withdrawn Rs. 40,000 during the year. Therefore, A's total capital at the end of the year is:
60,000 + 15,000 - 40,000 = Rs. 35,000
B has introduced additional capital of Rs. 30,000 during the year. Therefore, B's total capital at the end of the year is:
60,000 + 30,000 = Rs. 90,000
The profit-sharing ratio is:
A:B = 35,000:90,000 = 7:18
Then, A's share of the profit is:
7/25 x 49,400 = Rs. 13,888
And B's share of the profit is:
18/25 x 49,400 = Rs. 35,512
Therefore, the profit-sharing ratio between A and B is 7:18 and their respective shares of the profit are Rs. 13,888 and Rs. 35,512, respectively.
Information for Kent Corp. for the year 2021: Reconciliation of pretax accounting income and taxable income: Pretax accounting income $ 179,800 Permanent differences (16,300 ) 163,500 Temporary difference-depreciation (13,400 ) Taxable income $ 150,100 Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2020 $ 14,300 As of December 31, 2021 $ 27,700 The enacted tax rate was 26% for 2020 and thereafter. What should be the balance in Kent's deferred tax liability account as of December 31, 2021?
Answers
Answer:
$7,202
Explanation:
Calculation for What should be the balance in Kent's deferred tax liability account as of December 31, 2021?
December 31, 2021 Deferred tax liability=$ 27,700 x 26%
December 31, 2021 Deferred tax liability=
= $7,202
Therefore What should be the balance in Kent's deferred tax liability account as of December 31, 2021 is $7,202
Pls can someone answer quick they are multiple choice
2. Which one of the following is not a characteristic generally evaluated in analysing financial
statements?
(1 Point)
O Liquidity
O Profitability
O Marketability
O Solvency
3. Comparisons of financial data made within a company are called (1 Point)
O intracompany comparisons.
O interior comparisons
O intercompany comparisons
O intramural comparisons
Answers
Marketability, one of the following is not a characteristic generally evaluated in analyzing financial statements. Thus, option (c) is correct.
Comparisons of financial data made within a company are called intracompany comparisons. Thus, option (a) is correct.
What is company?The term company refers to the legal entities that are legally registered in accordance with the Company Act. Company is the main goal to earn higher profit, and they maintain the goodwill.
According to the financial statements, are the created with the help of the marketability of the product. There was the financial data are the company to the entry are the intracompany comparisons.
Therefore, option (c) and 2. (a) is correct.
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Ying pays $300 of investment interest related to her investments. The interest is not directly related to any particular investment owned by Ying. She owns $40,000 worth of municipal bonds that pay her $2,400 in interest and $20,000 worth of bonds that pay her taxable interest of $2,000. Ying allocates the investment fees based on the fair market value of the securities. The allocation between the nondeductible portion of the fee and the deductible portion is:
Answers
Answer:
yeet
Explanation:
How dose a production possibility chart assist in outlining opportunity cost
Answers
A production possibility chart aids in comparing the earning potential of various products and detailing opportunity costs.
What does opportunity cost mean?Opportunity costs are the gains lost while deciding on one course of action over another in economics. Essentially, it is the worth of the untraveled way. Opportunity costs are trivial to overlook, yet realising the value of lost opportunities is crucial for wiser business decisions.
What three traits do opportunity costs have?Important ideas. Opportunity cost is the price incurred by choosing one course of action over another. Its cost includes time, effort, and utility in addition to money. When price, time, effort, and usefulness are taken into account, opportunity cost can help people make the best decisions possible.
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what is computer studies
Answers
Answer:
Explanation: Computer studies is about understanding how computers work, how to use them to solve problems, and how to develop and manage computer systems. It is a broad and diverse field that is essential in today's digital age, as computers are used in almost every aspect of modern life, from communication and entertainment to business and science.
I just smacked a baby, feelin good.
Answers
Hi there..i just need to vent i feel so awful. Me and OH really struggled to get our almost 3 year old to sleep tonight. He has been quite defiant all day but just would not go to sleep for OH so i went up & sat for ages.
He was quite settled but then became v difficult & started kicking me & got my bump. I just mindlessly retaliated and smacked him on the bottom.. He really cried, i cant believe it.. Didnt help at all. Normally bedtime is all warm & cuddly & he lays down and goes to sleep while one of us sits there for 5 mins, but occasionally hes like this.
I know im feeling really hormonal but hate myself for this and he is going through a phase of hitting then i do this!!! How do i expect him to learn when i go and do exactly what we teach him is wrong? I just feel so awful like the worst mother in the world.... It scares me very occasionally just how angry i can feel. Can anyone offer any help or advice? Feel so ashamed :(
Answer: i- LOL
Explanation: does that happen to be a reference to the dream smp- or is it just me being a big fan O_O
It is a computational model of a single neuron that is made up of one or mor inputs, a processor, and a single output.
Answers
A perceptron is a computational model of a single neuron that is made up of one or mor inputs, a processor, and a single output.
What is a perceptron ?A perceptron is a simple computational model of a neuron that is made up of one or more inputs, a processor, and a single output. The inputs are weighted and summed, and the output is determined by a threshold.
Perceptrons can be used to perform simple tasks, such as classification and regression. They are also the building blocks of more complex neural networks, such as deep learning networks.
Perceptrons are a simple but powerful tool for computation. They can be used to perform a variety of tasks, and they are the building blocks of more complex neural networks.
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If increasing the number of goods produced is one way to increase
productivity, what is the other way to increase productivity?
Answers
Productivity refers to the measure of output per unit of input over a given period of time. A company’s productivity level is a crucial factor in determining its profitability. Productivity can be increased in different ways, including increasing the number of goods produced and reducing waste. These are the two ways to increase productivity. Therefore, the answer to the question is reducing waste.
Another way to increase productivity is to improve efficiency. Efficiency is a measure of how well inputs are converted into outputs. Improving efficiency means reducing the amount of time, effort, and resources needed to produce a certain output. A company can improve its efficiency in various ways, including using better technology, improving its production processes, and training employees to work more effectively. Increasing productivity is critical for the growth of any business. Productivity can be increased by implementing a wide range of strategies. Reducing waste is one way to increase productivity, while improving efficiency is another way. Both of these strategies help companies to achieve their goals by producing more goods in less time. In conclusion, companies need to explore ways to improve their productivity levels continually. This will help them to increase their profitability, grow their business, and remain competitive in the market.
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The following standards for variable overhead have been established for a company that makes only one product:
Standard hours per unit of output 6.9 hours
Standard variable overhead rate $ 14.00 per hour
The following data pertain to operations for the last month:
Actual hours 9,400 hours
Actual total variable overhead cost $ 125,240
Actual output 1,350 units
Required:
a. What is the variable overhead rate variance for the month?
b. What is the variable overhead efficiency variance for the month?
(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
Answers
For the month, the variable overhead rate variation is $6,360 (Unfavorable).
and The monthly variable overhead efficiency variation is $1,190, which is favorable.
The difference between actual and budgeted hours worked, as well as the impact of that difference on revenue and profit, is known in accounting as the variable overhead efficiency variance. The disparity in production efficiency is where it starts. This gives a company the chance to evaluate the reliability of the underlying efficiency standard and see variation how accurate their estimates of labor efficiency are.
Based on previous and anticipated efficacy and equipment capacity levels, a company's production department reports expected labor hours spent. These calculations are usually made by personnel in industrial engineering and production scheduling.
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15. Although she hates the work, Jessica has spent most weekends and the last three summers as a short-order cook; she has an associate's degree in paralegal
studies; she loves to ride and spends every spare minute helping her uncle with his three horses. Now that she's planning to start a business, her best choice
would probably be a
O A. fast-food franchise.
O B. riding stable.
© C. restaurant.
D. legal research service.
Answers
f the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, what was the real rate of interest over the last year? Disregard cross-product terms; that is, if averaging is required, use the arithmetic average. Round intermediate calculations to four decimal places.
Answers
If the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, the real rate of interest over the last year was 5.40%.
How to solve for the real rate of interestTo calculate the real rate of interest, we need to subtract the inflation rate from the nominal interest rate.
Real interest rate = Nominal interest rate - Inflation rate
Real interest rate = 8.00% - 2.60%
Real interest rate = 5.40%
Therefore, the real rate of interest over the last year was 5.40%.
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explain customer relationship management and explain it Associated tools and level of relationship
Answers
Answer:
Customer relationship management (CRM) is the combination of practices, strategies and technologies that companies use to manage and analyze customer interactions and data throughout the customer lifecycle. The goal is to improve customer service relationships and assist in customer retention and drive sales growth.
Customer relationship management (CRM) is a tool used to manage all interactions and connections between your company's clients. The goal is simple: develop business relationships so that your firm can grow.
What various forms of customer relationship management exist?CRM programs go into one of four categories: operational, analytical, collaborative, or strategic. Every one is designed to achieve a specific business goal. Many businesses either use a variety of CRM systems or have developed a special CRM solution that combines elements from all the systems.
What are the four components of the customer relationship management process?The four key components of CRM implementation—technology (applications and infrastructure), strategy (business goals and objectives), process (procedures and business regulations), and people—must all be considered (organizational structure, skills, and incentives).
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The Montgomerys borrowed $107,000 at 7.50% for 30 years to purchase a house. Find the total interest the Montomerys will pay if they pay the loan on schedule. Click the icon to view the monthly payment of principal and interest table. OA. $162,254.80 OB. $149, 158.00 OC. $177,662.80 OD. $168,803.20
Answers
The total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
To find the total interest the Montgomerys will pay over the course of the loan, we can calculate the monthly payment and then subtract the principal borrowed.
First, we need to calculate the monthly payment using the loan amount, interest rate, and loan term. We can use the formula for calculating the monthly payment on an amortizing loan:
Monthly payment =\(P * r * (1 + r)^n / ((1 + r)^n - 1)\)
Where:
P = Principal amount borrowed = $107,000
r = Monthly interest rate = Annual interest rate / 12 = 7.50% / 12 = 0.625%
n = Total number of payments = 30 years * 12 months/year = 360 months
Plugging in the values, we have:
Monthly payment = $107,000 * 0.00625 * (1 + 0.00625)^360 / ((1 + 0.00625)^360 - 1)
≈ $750.20
The monthly payment of principal and interest is approximately $750.20.
To find the total interest paid, we can multiply the monthly payment by the total number of payments and subtract the principal borrowed:
Total interest paid = (Monthly payment * Total number of payments) - Principal borrowed
= ($750.20 * 360) - $107,000
≈ $270,072 - $107,000
≈ $163,072
Therefore, the total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
None of the provided answer options match the calculated value. However, based on the calculation, the closest option is OA. $162,254.80.
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1 - Describe two justifications for the need for professional financial planning advice
2- Summarize the main fees a mutual fund investor will pa
3 - Your client is asking how much life insurance she needs. She expects to earn $120,000 per year on average, working for the next 30 years.
a. Suppose an appropriate earnings multiple is 18. How much life insurance should she purchase? (2 points)
b. Using a discount rate of 4%, what is her insurance need using the human value approach? (3 points)
Answers
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.
Explanation:
explain the three components of the term Risk
Answers
Risk consists of three parts: the uncertain situation, the probability of the situation occurring, and the effect of the event (positive or negative) on the success of the project.
The tripartite definition helps with three critical steps in the risk management process:
When you identify risks, it supports a structured risk description ("risk metalanguage") of the form: "When you step in, something can happen that leads to it."
In risk analysis, knowing the possible causes allows to estimate the probability; impact identification is the basis for impact quantification.
When planning risk measures, different parts of the definition offer different ways to respond