The first step in pursuing your financial goals is_______. PLEASE HELP

Answers

Answer 1

Answer:

The first step towards realizing your financial goals is creating a realistic budget. A budget is simply a spending plan that is based on your expenses and income. A written plan helps you stay on track, day to day and month to month, for meeting your financial goals. For most students, debt is a part of life.

Explanation:

Hope this helps!

Answer 2

The first step towards realizing our financial goals is creating a realistic budget and evaluating our current financial situation.

What is a budget?

Simply put, a budget is a spending plan based on our income and outgoings.  A written plan keeps you on track to meet your financial goals on a daily and monthly basis. It is a financial plan that details expected expenses and income for a specific time period.

To assist us in achieving our financial objectives, develop a financial plan. Taking inventory of what we have and considering what we need is a good place to start. Keep track of our income and expenses. We may move forward with confidence when we know how much money we can dedicate to certain objectives each month.

Therefore, a realistic budget is the first stage of the financial planning process and it can change our financial situation.

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Related Questions

The company has net nonoperating obligations (NNO) of $10,000 and 5,000 shares outstanding. Calculate the per-share stock price for 2021 using the FCFF information above, a discount rate of 7%, and a terminal growth rate of 2%. Hint: a. Calculate PV FCFF for each of 2022 to 2025 and sum them up; b. Calculate PV Terminal Year; c. Calculate Total Firm value by adding up (a) and (b); d. Subtract net nonoperating obligation to get total equity value; e. Divide total equity value by shares outstanding to get the per-share stock price (Please show your calculations)

Answers

The per-share stock price for 2021 using the FCFF information for Target Corp. is $2.37.

Explanation:

Net non-operating obligations (NNO) = $10,000

Outstanding shares = 5,000 shares

Discount rate = 7%

Terminal Growth rate = 2%

Expected free cash flows for Target Corp. for 2019:

                                     Current   Forecast Horizon                        Terminal

                                          2019    2020    2021     2022     2023      Year

Free cash flows (FCFF) $4,650 $4,880 $5,130  $5,390 $5,650   $5,766

Discount factor at 7%                  0.935   0.873     0.816    0.763     0.713

PV of FCFF                                $4,563  $4,478  $4,398   $4,311     $4,111

a. Sum of PV of FCFF for 2020 to 2032 = $17,750 ($4,563 + $4,478 + $4,398 + $4,311)

b. The PV Terminal Year = $4,111

c. Total Firm Value = $21,861 ($17,750 + $4,111)

d. Total Equity Value = $11,861 ($21,861 - $10,000)

e. Per Share Stock Price = $2.37 ($11,861/5,000)

Thus, the per-share stock price for 2021 using the FCFF information for Target Corp. is $2.37.

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DaaS is utilized for provisioning critical data on demand.

Answers

The is true dad is utilized for provision critical data

Bluebird Mfg. has received a special one-time order for 15,000 bird feeders at $3 per unit. Bluebird currently produces and sells 75,000 units at $7.00 each. This level represents 80% of its capacity. These bird feeders would be marketed under the wholesalerâs name and would not affect Bluebirdâs sales through its normal channels. Production costs for these units are $3.50 per unit, which includes $2.25 variable cost and $1.25 fixed cost. If Bluebird accepts this additional business, the incremental cost will be: ____________

a. $45,000.
b. $7,500.
c. $33,750.
d. $38,750.
e. $11,250.

Answers

If Bluebird accepts this additional business, the incremental cost will be: c. $33,750.

Using this formula

Incremental cost=Number of order for  feeders× Variable cost

Where:

Number of order for  feeders=15,000 feeders

Variable cost=$2.25

Let plug in the formula

Incremental cost=15,000×$2.25

Incremental cost=$33,750

Inconclusion  if Bluebird accepts this additional business, the incremental cost will be: c. $33,750.

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__________ refers to messages sent through human actions and behavior rather than through words.

✔ a. Nonverbal communication
b. Verbal communication
c. Written communication
d. E-mail
e. Oral communication

Answers

Answer:

Nonverbal Communication

If Intermountain Healthcare wants to facilitate horizontal communication among health care professionals and administrators at its 22 hospitals and over 300 clinics, it could promote the use of email for this purpose. What guideline would not be an appropriate part of the organization’s email policy?

a. Emails are the most efficient way to send information to many people at once. Because of a message’s potential broad impact, make sure to confirm that it is accurate and professional before hitting Send.
b. Email is the medium of choice for communicating disappointing or negative information, because using email avoids potentially heated personal interactions that may adversely impact the work environment.
c. Emails are best for short messages, so lengthy documentation of procedures or policies should be communicated another way, such as through handbooks or documents posted to the organization’s intranet.
d. Emails lack the nonverbal component of communication, so if it’s possible that one party misunderstands the other, employees should move the communication to a phone conversation or meeting.

Answers

Answer:

b.  Email is the medium of choice for communicating disappointing or negative information, because using email avoids potentially heated personal interactions that may adversely impact the work environment

Explain 5 reasons why organizations restrict their staff from communication with press

Answers

Answer:

Explanation:

Work environment.

People's attitudes and emotional state.

Time zone and geography.

Distractions and other priorities.

Cultures and languages.

Splash World Pool Supplies wants its salespeople to call on pool wholesalers five times per year and to spend two hours on each sales call. Every salesperson works a 40-hour week and takes off two weeks for vacation each year. A salesperson must spend half of the time on travel and administration. Approximately how many salespeople does Splash World need to service 1,000 accounts

Answers

Approximately how many salespeople does Splash World need to service 1,000 accounts is 10.

First step is to calculate the selling time  using this formula

Selling time=Number of customers ×Sales calls per year× Hours per sales call

Let plug in the formula

Selling time=1000 × 5 ×2 hours

Selling time= 10,000 hours

Second step is to determine the number of hours they used to sell

Hours to sell= (40 hours per week× 50 weeks)×1/2

Hours to sell = 2000 hours per year×1/2

Hours to sell= 1000 hours per year

Third step is to determine how many salespeople does Splash World need to service 1000 accounts

Number of salespeople=10,000 hours /1000 hours per year

Number of salespeople=10

Inconclusion approximately how many salespeople does Splash World need to service 1,000 accounts is 10.

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what will happen when unity is not in organization ? explain in details.​

Answers

Unity of Direction states that a particular team of employees with the same goals as well as the same objectives need to work together to achieve those common goals for the success of the company. It has facilitated several organizations in achieving the objectives of firms that they want to have in the industry.

What does being organized in the workplace mean?
A. that an employee is good at listening
B. that an employee has good math skills
C. that an employee is reliable
D. that an employee works well with a team

Answers

I think its C
Being organized means having the time and energy to make sure every aspect of a task is properly handled and that each step of a project is completed correctly.

A(n) select an option standard is expressed as a unit amount while a(n) select an option budget is expressed as a total amount.

Answers

A budget expresses a total amount while a standard expresses a unit amount.

A budget refers to the total projected revenues, costs, or expenses. A standard refers to the projected amount per unit of product or per unit of input or per unit of output.

The difference between a standard and a budget is that a budget expresses a total amount while a standard expresses a unit amount.

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Because with building costs soaring out of sight, there is pent-up demand for a well-designed, green-built, contemporary home that's actually affordable. That means it has to be efficiently constructed, and the best way to do this is in a factory, where it can be put together on an assembly line, like an automobile. A company has developed the Glidehouse can be built that way in 19 days in a factory near Vancouver, British Columbia, then trucked to your property. Glidehouse is produced through:

Answers

Answer: The Assembly Process

Explanation: I hope it helps you!

Glidehouse is produced through the assembly process by putting together an assembly line, like an automobile.

What is assembly process?

An assembly process is the one in which materials to be manufactured are combined continuously by workers to produce an identified product.

It is an arrangement in which the product being assembled by workers passes consecutively from operation to operation until completed.

Hence, Glidehouse is produced through the assembly process by putting together an assembly line, like an automobile.

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A good handler wants to use a thermometer to measure the air temperature inside of a cooler. To what temperature should the thermometer
be accurate?

Answers

Answer:

2°F, or ±1.0°C

Explanation:

Discuss the possible ways that purchasing becomes aware of the need to evaluate and select a supplier.

Answers

Explanation:

This lesson discusses the basics of project procurement management. Project procurement management is a critical part of overall project management, and we will use an example to show how this topic fits into everyday project management activities.

orthwest Fur Co. started 2021 with $114,000 of merchandise inventory on hand. During 2021, $590,000 in merchandise was purchased on account with credit terms of 2/15, n/45. All discounts were taken. Purchases were all made f.o.b. shipping point. Northwest paid freight charges of $8,700. Merchandise with an invoice amount of $4,800 was returned for credit. Cost of goods sold for the year was $372,000. Northwest uses a perpetual inventory system. Assuming Northwest uses the gross method to record purchases, what is the cost of goods available for sale

Answers

Answer:

The cost of goods available is 3900

Which of the following employees derives their income from a fee for the items sold?
a. commission
b. piece rate
C. salaried
d. tip
ut

Answers

Answer:

a. commission

Explanation:

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Answer:

A. commission

Explanation:

2021 edge

what is decentralisation?​

Answers

Based on business management, Decentralization is the transfer of control of an organization to various departments or authorities rather than one single one.

Different types of Decentralization De-ConcentrationDelegationDevolutionPrivatization

Generally, decentralization is known to yield better, more timely decisions and increase organizational motivation.

Hence, in this case, it is concluded that decentralization is the sharing of authorities.

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Hudson Company reports the following contribution margin income statement.


HUDSON COMPANY
Contribution Margin Income Statement
For Year Ended December 31
Sales (10,000 units at $300 each) $ 3,000,000
Variable costs (10,000 units at $240 each) 2,400,000
Contribution margin 600,000
Fixed costs 420,000
Income $ 180,000
1. Compute break-even point in units.
2. Compute break-even point in sales dollars.

Answers

Hudson Company's break-even point in units and sales dollars = 7,000 units and $2,100,000, respectively.

Data and Calculations:

HUDSON COMPANY

Contribution Margin Income Statement

For Year Ended December 31                          Total          Per Unit

Sales (10,000 units at $300 each) =          $ 3,000,000     $300 (as given)

Variable costs (10,000 units at $240 each) 2,400,000     $240 ($2.4 m /10,000)

Contribution margin                                         600,000       $60 ($300 - $240)

Fixed costs                                                       420,000

Income                                                           $ 180,000

Contribution margin ratio = 20% ($60/$300 x 100)

1. Break-even point in units = Fixed costs/Contribution margin per unit

= $420,000/$60

= 7,000 units

2. Break-even point in sales dollars = Fixed costs/Contribution margin ratio

= $420,000/20%

= $2,100,000

Thus, the break-even point in units and sales dollars = 7,000 units and $2,100,000, respectively.

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What makes a good leader

Answers

Answer:

A good leader is someone who is willing to hold up their own issues to help others. Another example of a good leader is someone who always tries to help no matter what.

Please help! Need an expert in this and will give 50 points and brainliest if it’s answered. Getting reported if it’s answered for points

Pat Jones is a college student who is planning some networking opportunities for the current semester. Pat wanted to look professional for these events and felt a new suit would be a real benefit; however, the cost for the first event ended up being $75 which was a strain on the budget. Pat did not want to attend the
remaining three events in the same outfit, so a new strategy was developed. Instead of paying for new suits in cash, Pat decided to charge the suits on a credit card, wear them to the events, and then return them the next
day for full credit.

2. Do you feel Pat's new strategy is ethical? Why or why not? Could there be any consequences with this strategy?
3. How will this new strategy impact the company/companies where the suits are purchased?
4. What journal entry/entries would the company have to record related to the return of the suit?

Answers

Answer:

2. I feel like Pat's new strategy isn't ethical. Pat doesn't pay for the suits; he just buys them and then returns them. Pat benefits, but the store he gets the suits from doesn't. In fact, they are harmed from this transaction because they are unable to have the suit for others to buy while Pat has it. There could be consequences with this strategy. For example, the suit might be damaged, and Pat won't be able to return it. Another problem is that others might find out about Pat's strategy, and they might view them as unprofessional. This is a problem for Pat since the reason Pat wore those suits was to look professional.

3. The stores are harmed from this transaction. They are unable to sell the suits to other buyers. The stores lose potential customers, so the stores lose potential money.

4. The companies should record that Pat had bought the suit only to return it the next day, so that they can act accordingly when Pat or someone else comes back to "buy" a suit.

Explanation:

A company issues $50,000 of 4% bonds, due in 5 years, with interest payable semiannually. Assuming a market rate of 3%, the bonds issue for $52,306. Calculate the carrying value of the bonds after the first semiannual interest payment.

Answers

The carrying value of the company's bonds after the first semiannual interest payment is $52,090.59.

Data and Calculations:

Face value of bonds = $50,000

Bonds Proceeds = $52,306

Bonds Premium = $2,306 ($52,306 - $50,000)

Maturity Period = 5 years

Coupon interest rate = 4%

Market interest rate = 3%

Interest Payment = Semiannually

First Semiannual Interest Payment:

Cash payment = $1,000 ($50,000 x 4% x 1/2)

Interest expense = $784.59 ($52,306 x 3% x 1/2)

Amortization of premium = $215.41 ($1,000 - $784.59)

Carrying value = $52,090.59 ($52,306 - $215.41)

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XYZ Co. makes a processor that requires a metal that can be found in a single mine in Peru. Do you expect the price elasticity of supply for this processor to be elastic or inelastic? Explain.

Answers

Answer:

mAGIC

Explanation:

The following data pertain to an investment proposal (Ignore income taxes.):

Cost of the investment $35,000
Annual cost savings $12,000
Estimated salvage value $6,000
Life of the project 5 years
Discount rate 18%

Required:
Determine the appropriate discount factor(s) using the tables provided.

Answers

The net present value of the proposed investment is closest to $5,146.

Net present value = Present value of cash-flows - Initial investment

Given Information

PV of cashflows at 18%

Cash flows                            PV at 18%     P.V. of cash-flows

$12,000 (Cost saving)            3.127                 $37,524

$6,000 (Salvage)                   0.437                 $2,622

Total                                                                   $40,146

Net present value = $40,146 - $35,000

Net present value = $5,146

Therefore, the net present value of the proposed investment is closest to $5,146.

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What are some possible effects of demonstrating prejudice toward others in a healthcare setting? Check all of the boxes that apply. o negative impact on the healing ability of a patient who is targeted by prejudice positive impact on how comfortable a patient feels positive influence on a patient's emotional health increased risk for a patient to develop additional health problems positive impression on a patient about the healthcare facility​

Answers

Answer:

A) Negative impact on the healing ability of a patient who is targeted by prejudice

D) Increased risk for a patient to develop additional health problems

Explanation:

I got it wrong for you can I have brainliest?

Answer:

Person above is correct.

Explanation:

on Edge

When reporting inventory using the lower of cost or market method, market should not be more than: Multiple Choice Replacement cost. Net realizable value. Selling price. Net realizable value less a normal profit margin.

Answers

Considering the accounting principle, when reporting inventory using the lower cost or market method, the market should not be more than "Net realizable value less a normal profit margin."

This is because the lower cost or market method is a method that emphasizes that during the inventory measurement, inventory should be documented on the balance sheet using their historical price or the market value, that is, the value of the inventory when purchased.

This implies that the replacement cost of inventory cannot be lower than net realizable value, less a normal profit margin.

Hence, in this case, it is concluded that the correct answer is option D. "Net realizable value less a normal profit margin."

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GeonHouses, a leading manufacturer and supplier of crockery, charges three dollars for each soup bowl. The cost of manufacturing each soup bowl is one dollar. In this scenario, the difference between the price GeonHouses charges per soup bowl and the cost of making it is referred to as _____.

Answers

The difference between the price that GeonHouses charges its customers and the cost of manufacturing a bowl of soup is C. captured value.

The captured value represents the difference between the $3 selling price and the $1 cost of manufacturing a bowl of soup for customers.

This captured value is also known as the gross profit.  Based on the gross profit, GeonHouses deduct its expenses and taxes to determine the actual net income.

The $2 difference is not an abstract, modified, or differentiation value.

Data and Calculations:

Selling price per bowl of soup = $3

Manufacturing cost per bowl = $1

Captured value = $2 ($3 - $1)

Thus, the $2 difference is a captured value for GeonHouses.

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Options for this question are:

A. abstract value

B. modified value

C. captured value

D. differentiation value

Company cost of capital Quark Productions ("Give your loved one a quark today.") uses its company cost of capital to evaluate all projects. Will it underestimate or overestimate the value of high-risk projects?

Answers

Quark Productions is more likely to overestimate the value of high-risk projects using its company's cost of capital unless it is using the weighted cost of capital.

The company's cost of capital should change to reflect the high-risk nature of each project. Again, the estimation of high-risk projects does not work with a single figure (cost of capital). Quark Production should evaluate high-risk projects separately, using reflective costs of capital.

Thus, if Quark Productions uses a single company's cost of capital to evaluate all projects, there will be an overestimation of the values of the high-risk projects.

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Firms in an oligopoly often Group of answer choices Have no control over the price of their product. face perfectly elastic demand curves. make decisions based on the behavior or expected behavior of their competitors. operate without regard to the behavior of competing firms.

Answers

Based on economic situation analysis, the Firms in an oligopoly often "make decisions based on the behavior or expected behavior of their competitors."

This is because firms in an oligopoly tend to act inter-dependently.

This implies that the firms in oligopolies can act together to fix prices to maximize the possible profits in their industries.

Oligopoly is a term in economic theory used to describe the market condition whereby the smaller number of firms are producing a commodity.

Hence, in this case, it is concluded that the correct answer is option C. "make decisions based on the behavior or expected behavior of their competitors."

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What are the portfolio weights for a portfolio that has 145 shares of Stock A that sell for $47 per share and 200 shares of Stock B that sell for $21 per share

Answers

Based on the information given the portfolio weights for a portfolio are:

Stock A 0.6187; Stock B 0.3815.

First step

Shares          Price per share Total value

Stock A 145           $47                       6,815

Stock B 200          $21                       4,200

Total                                                     11,015

Second step

Portfolio weights

Stock A [ 6,815 / 11,015 ] 0.6187

Stock B [ 4,200 / 11,015 ] 0.3813

Inconclusion the portfolio weights for a portfolio are: Stock A 0.6187; Stock B 0.3815.

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Discuss why drugs test is a controversial component of the personnel selection progress.

Answers

Answer:

Finding that job applicants' drug-test results are predictive of critical job behaviors means that employers can select, on average, more productive workers if they attend to drug test information than if that information is not used to make hiring decisions.

The Three Little Pigs purchased three houses for a total cost of $160,000. Appraisal values for the three completed houses were: straw house, $40,000; wood house $60,000; and brick house $100,000. Using the basket purchase allocation, the recorded value of the brick house should be ______.

Answers

Using the basket purchase allocation, the recorded value of the brick house should be $80,000.

First step is to calculate the allocation percentage

                           Straw house Wood house Brick house Total

Fair market value $40,000          $60,000 $100,000 $200,000

Percentage                  20%                30%                 50%

($40,000/$200,000) ($60,000/$200,000) ($40,000/$200,000)

Second step is to allocate using  basket purchase allocation

Straw house=20%×$160,000

Straw house=$32,000

Wood house= 30%×$160,000

Wood house=$48,000

Brick house=50%×$160,000

Brick house=$80,000

Inconclusion  the recorded value of the brick house should be $80,000.

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