What is the first step of the five-step financial planning process?.

Answers

Answer 1

setting smart goals or knowing your financial situation


Related Questions

An economy's resources:________.
a. are unrelated to its standard of living.
b. are limited in quantity.
c. are unlimited when we use the latest technology.
d. consist of land, labor, capital, and money.
e. are always efficiently utilized.

Answers

Answer:

D

Explanation:

I think is D because is most correct answer

Hunter owns an app development firm. Though the company started small, the business has grown substantially with more people and greater specialization. What does growth like this require in terms of structure

Answers

Growth like this requires developing a formal structure that will ensure the efficiency of operation.

What is a Formal Structure?

A formal structure is a structure that aids a company's owner in maintaining a specified hierarchy of standards.

The formal structure assists in organizing the workforce or workers.

As a result, each person's work will be explicitly assigned to them, and each will be responsible for their own tasks.

When a firm is growing from a low to a high level, expending a significant amount of time and work is necessitated.

Therefore, if a company is growing and progressing, the owner must adhere to a formal structure.

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A rightward shift in the short-run aggregate supply curve will occur when:.

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A rightward shift in the aggregate supply curve will occur when: there is a decrease in price input.

What is a supply curve?

A supply curve is a graphical representation of how the market would behave or move in there is a change in supply. It is a representation of the relationship between the quantity supplied for a given period of time and the prices of goods and services.

A rightward shift in the short run aggregate supply curve will then occur anytime there is a decrease in the price input.

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Why is it important to know the tax implications of giving away money or an inheritance?.

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The implications of giving away money or an inheritance depends on the amount of money and the state in which you live.

What is tax?

If money less than or equal to $14,000 is given as tax, this would be tax-free each year because of the gift tax exemption. But if the money is above $14,000 in a single year, the gift would be taxed.

Most states do not have tax on inheritance but some have inheritance tax which is assessed on assets as they are being transferred to inheritors.

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This tax is locally assessed, varies according to the worth of land and goods on it, and generally funds things like public schools.

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Answer:

Property

Explanation:

I Did it

The present value of an annuity stream of $100 per year is $614 when valued at a 10% rate. By approximately how much would the value change if these were annuities due

Answers

$61.40

Difference = $614(1.10) - $614 = $61.40

In accounting, the term impairment refers to Multiple choice question. offsetting liabilities against the related assets. allocation of an asset over its service life. cost recovery of an asset for investment purposes. an asset's significant decline in value.

Answers

In accounting, the term impairment refers to  an asset's significant decline in value.

What is impairment?

Impairment is when the value of an asset is permanently reduced on the company's balance sheet. When an asset is tested for impairment, its book value is compared to the benefits and cash flows. If the book value is greater than all the benefits of the asset, the asset is impaired and its value is reduced on the balance sheet.

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The system in which the country pegs its currency (e.g., Chinese yuan, Saudi Arabian riyal) at a fixed rate to a major currency or basket of currencies, while the exchange rate fluctuates within a narrow margin around a central rate is called a(n)

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The system described above refers to the Fixed Exchange Rate System.

What is the fixed exchange rate system?

The fixed exchange rate system is a term that refers to the exchange regime of a monetary unit whose value is adjusted according to the value of another reference currency such as the Dollar or the Euro.

According to the above, the currencies of different countries gain or lose value according to their change with respect to the reference currencies.

This system has become widespread in the world with the aim of facilitating trade and investment between countries with the reference currencies.

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Miranda needs to build new shelves in her pantry to store all these items. She wants to put each type of item on a separate shelf. The shelves will be able to support 25 lbs. Will the new shelves be able to support her current supply of powder goods? Use the conversion table below and a spreadsheet to help you determine the answer

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Answer: yes

Converting each to pounds it equals 13.3 pounds

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Ken places a $20 value on a cigar, and Mark places a $17 value on it. The equilibrium price for this brand of cigar is $15. Refer to Scenario 12-1. Suppose the government levies a tax of $3 on each cigar, and the equilibrium price of a cigar increases to $18. Because total consumer surplus has:_____.
a. fallen by more than the tax revenue, the tax has a deadweight loss.
b. fallen by less than the tax revenue, the tax has no deadweight loss.
c. fallen by exactly the amount of the tax revenue, the tax has no deadweight loss.
d. increased by less than the tax revenue, the tax has a deadweight loss.
e. increased by more than the tax revenue, the tax has no deadweight loss.

Answers

Because total consumer surplus has fallen by more than the tax revenue, the tax has a deadweight loss.

What is deadweight loss?

The deadweight loss of tax is the reduction in total surplus when a tax is levied on a good. Consumer surplus is the difference between the equilibrium price of a good and the value the consumer places on the good.

Initial consumer surplus = ($20 - $15) + ($17 - $15) = $7

New consumer surplus = ($20 - $18) = $2

Thus, there is a reduction in consumer surplus and there is a deadweight loss.

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When corporate departments such as marketing, human resources, and information technology implement plans of action that support higher-level strategies, they are following a(n) ______ strategy.

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Planning process strategy is been followed by corporate departments such as marketing when they implement plans of action that support higher-level strategies.

What is Planning process strategy ?

This can be regarded as a strategy that Prioritize objectives and develop a strategic plan which helps in execution and management of  our plan.

It helps to review and revise the plan and can be used by marketing, human resources, and information technology.

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Answer: functional

Explanation:

n/a

Why do economists use circular flow models?
A. To track how different investments gain and lose value over time
B. To identify the causes of major economic changes in a country
C. To predict how a country's economy will respond to a proposed
change
D. To show how money moves through different parts of an
economy

Answers

Answer:

d is the right answer if the question

Economists use circular flow models to show how money moves through different parts of an economy. Hence option D is correct.

These models provide a simplified representation of the economy by illustrating the flow of money, goods, and services between households, businesses, and the government. By mapping out the interactions and exchanges, economists can analyze the circular flow of income and expenditure, helping them understand how economic activities are interconnected.

This model allows economists to study the effects of changes in variables such as consumption, investment, government spending, and exports on the overall functioning of the economy. It helps in examining the multiplier effects, identifying leakages and injections, and analyzing the interdependencies within the economic system.

Therefore option D is correct.

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Flextime is a system that allows employees some freedom to choose which hours to work as long as they:

Answers

as long as they work the required number of hours.

2
Drag each label to the correct image.
Match each image to the stages of memory it makes use of. Match the options below
short-term memory
long-term memory
sensory memory

Answers

Answer:

first picture is = Sensory memory

Secend picture is = Short-Term Memory

Third one is= Long-term Memory

Explanation:trust me the other guy is wrong

The correct match from the given image is that the first picture is the example of the sensory memory, second picture is Short-Term Memory, and third one is Long-term Memory.

What is the sensory memory?

The human body's sensory receptors receive sensory messages, which the neurological system processes. Sensory memory only stores sensory data for as long as it takes to convert it to short-term memory.

The first image is an example of sensory memory, the second is Short-Term Memory, and the third is Long-Term Memory, which is the correct match from the given image.

Therefore, the memory are of three types short-term memory, long-term memory, and sensory memory.

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A ______ is a conceptual framework that describes how a company creates, delivers, and extracts value.

Answers

The answer should be a primary business model.

Hope that helped!

Financial skills, dependability, and dexterity for physical labor are skills for which career pathway?

A. Manufacturing Production Process Development

B. Health, Safety, and Environmental Assurance

C. Logistics and Inventory Control

D. Quality Assurance

Answers

Answer:

the answer is letter b

Explanation:

no explanation:))))

Answer:

b

Explanation:

What is one purpose of an essay's introduction paragraph?
47
O to provide a list of transitional words that will help your reader make sense of the writing
O to elaborate fully on one of the essay's main ideas
O to restate your main ideas and make a lasting impression on your reader
O to engage the reader by telling a personal story or sharing a startling statistic

Answers

Answer:

B.

Explanation:

To elaborate fully on one of the essay's main ideas. You want for your reader to know what they will be reading about.

Which of the following is true regarding growth rates for countries around the world compared to the United States?
I. More than fifty percent of the world’s people live in countries with a lower standard of living than the U.S. had a century ago.
II. The U.S. growth rate is six times the growth rate in the rest of the world.
III. China has only recently attained the same standard of living the U.S. had a century ago.

Answers

Answer:

More than 50% of the world's people live in countries with a lower standard of living than the U.S had a century ago.

Labor rates have risen over time to the point that Antonio's Pasta is considering _____ to reduce costs.

Answers

Answer:

Offshoring

Explanation:

A ________ demand curve for shampoo would be caused by a change in the price of shampoo. Group of answer choices rightward shift of the leftward shift of the movement along the positively sloped

Answers

the answer choice is… movement along the

Create one sentence summarizing what you have read. You must keep your sentence to 20
words or less. You may take more than one try to get to twenty

Answers

A sentence that can summarize what I have read is: "Understanding people's perspectives requires a broad-minded attitude, which appears rare in the modern days."

What does individual perspective mean?

Individual perspective means the mental state whereby available facts and personal ideas describing human behavior are combined to form opinions or viewpoints.

In life, individual perspective describes the way people:

Understand lifeApproach life issues Apply personal experiences.

Thus, a sentence that can summarize what I have read is: "Understanding people's perspectives requires a broad-minded attitude, which appears rare in the modern days."

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In distinguishing between firm strategies for developing new products, a pioneer firm will be more likely to rely on its ______, whereas a follower firm will be more likely to ______ for ideas.
a. look within; scan the outside
b. look inside; scan the perimeter

Answers

Answer:R&D department, scan the market

Explanation:

Pfizer, Inc. (PFE) has earnings per share of $2. 09 and a P/E ratio of 11. 2. What is the stock price?

29

Multiple Choice

3. 3

points

$23. 03

$18. 97

$5. 27

$0. 19

Answers

Answer:

it should be 23.03 and 0.19

In a command economy, the production and distribution of goods and services is planned and set by ___

Answers

Answer:

In a command economy, the production and distribution of goods and services is planned and set by central government

Work Context section for Police Patrol Officers. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Police Patrol Officers? Check all that apply.
in an open vehicle or equipment
deal with unpleasant or angry people
contact with others
in an enclosed vehicle or equipment
deal with external customers
spend time keeping or regaining balance

Answers

Delp with unpleasant or angry people

Answer:

B,C,D,F

Explanation:

distinguish between capital intensive and labour intensive​

Answers

answer:

capital intensive

— industries require a greater amount of machinery to produce the product

labour intensive

— product requires a larger amount of human labor to bring it off

explanation:

ex:

capital intensive

— telecommunications, airlines, automobile manufacturing, oil production

labour intensive

— food service, hospitality, public education, agriculture

credits: online search!

Capital intensive industries required a great amount of machinery to produce the product.

Labour intensive products required a larger amount of human labor to bring it off.

Mr. Thompson is an outbound logistics manager for a large tile company. As outbound logistics manager, Mr. Thompson is focused on what two main issues:

Answers

The main issues faced by logistics managers are storage and transportation.

The problem faced by Logistics managers

Logistics is the management of the flow of things between the point of origin (manufacturer) and the point of consumption to meet the requirements of customers.

When it comes to logistics, the main issues faced by logistics managers are storage and transportation.

During the transportation of goods, logistics are faced with a lot of traffic and storage of goods and services hence it is crucial that logistics managers focus on these two main issues.

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Adya, a media planner, switches to a new job at her company that involves more responsibility and an increase in compensation. This transition would typically be considered

Answers

The transition of Adya involves more responsibility and an increase in compensation and is known as a promotion.

What is a promotion?

A promotion at workplace simply involves a step up the ladder and a increase on responsibility at the workplace.

In this case, the transition of Adya involves more responsibility and an increase in compensation and is known as a promotion

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Alpha Electronics assembles different parts to make standardized laptops along an assembly line. Alpha Electronics uses _____ technology. a. continuous-process b. unit c. job rotation d. mass-production e. small-batch

Answers

Based on the fact that different parts are assembled to make standardized laptops, Alpha Electronics is engaged in D. Mass production.

What is mass production?

This is when a company produces goods in a large quantity at the same time.

It is usually done by using an assembly line where parts will then be assembled into a complete product.

In conclusion, option D is correct.

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The Work Breakdown Structure can be best be thought of as an effective aid for ___________ Communications

Answers

Answer:

The Work Breakdown Structure can be best thought of as an effective aid for Stakeholder Communications.

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