Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally.

Answers

Answer 1
Answer: being able to read and do math

Related Questions

The cost principle requires that when assets are acquired, they be recorded at __________.a. selling price b. appraisal value c. list price d. exchange price paid
All of the following are types of loans EXCEPT:a. bankruptcy loan b. small business loan c. mortgage loan d. automobile loan
Your credit at a bank is based on your ability to pay back a loan.
On November 1, Year 2, Smith Co. contracted to dispose of an industry segment on February 28, Year 3. Throughout Year 2, the segment had operating losses. These losses were expected to continue until the segment's disposition. Which of the following losses should be included in discontinued operations reported in Smith's Year 2 income statement?I. Operating losses for the period January 1 to October 31, Year 1.II. Operating losses for the period November 1 to December 31, Year 1.III. Estimated operating losses for the period January 1 to February 28, Year 2.a. II and III only.b. I and II only.c. II only.d. I and III only.
Northeastern cities are important trade centers. Which of the following statements does not correctly describe the economic role of a northeastern city?A)Philadelphia is an important industrial center containing factories producing a variety of goods.B)New York City is considered the financial capital of the United States.C)Boston is a leading center for academic research as well as medical schools and hospitals.D)Providence is a major producer of wheat and other grains.

Ecosystem services are services provided by _______.a. the government in order to maintain ecosystem health
b. communities in an effort to beautify local neighborhoods
c. organizations committed to the environment
d. nature that benefit mankind

Answers

I believe the answer is D. Ecosystem services are services provided by nature that benefit mankind. This is grouped in to four major categories which are provisioning, regulating, supporting and cultural. The services here are the services offered by the environment to us.

Owen runs a delivery business and currently employs three drivers. He owns three vans that employees use to make deliveries, but he is considering hiring a fourth driver. If he hires a fourth driver, he can schedule breaks and lunch hours so that all three vans are in constant use, allowing him to increase deliveries per day from 60 to 75. It will cost an additional $75 per day to hire the fourth driver. The marginal cost per delivery of increasing output beyond 60 deliveries per day:

Answers

Answer:

$5

Explanation:

Marginal cost also known as the incremental cost is defined as the incremental cost of producing an additional unit of a product or service , calculated by dividing the total increase in cost by increased number of goods produced.( change in cost /change in unit).

It is used to measure and evaluate an increase or decrease in the cost of production.

Workings

Additional cost - $75

Total increase in daily delivery = (75-60)=15

Marginal cost = 75/15 = %5

If your business operates in more than one state or in a large area, it's a good idea to register the trademark with what organization?

Answers

If your business operates in more than one state or in a large area, it's a good idea to register the trademark in USPTO.

USPTO stands for United States Patent and Trademark Office. Registering a Trademark ensures you that your trademark is unique. It is not used by any other business than yours. Registering your trademark will also protect you from emerging companies from using your trademark.

I just finished this quiz and the answer is, "USPTO"

Based on new information gained during an audit of a nonissuer, an auditor determines that it is necessary to modify materiality for the financial statements as a whole. In this circumstance, which of the following statements is accurate? A. The auditor is required to reperform audit procedures already completed on the audit using the revised materiality.
B. The auditor should consider disclaiming an opinion due to a scope limitation.
C. The revision of materiality at the financial statement level will not affect the planned nature and timing of audit procedures, only the extent of those procedures.
D. Materiality levels for particular classes of transactions, account balances, or disclosures might also need to be revised.

Answers

Answer:

The correct answer is D. Materiality levels for particular classes of transactions, account balances, or disclosures might also need to be revised.

Explanation:

The need for less materiality for significant account / disclosure may occur infrequently; however, it may be appropriate in certain circumstances. The materiality of performance related to a lower materiality for the significant account / disclosure is set to reduce to an adequately low level the probability that the sum of the errors not corrected and not detected in that significant account or particular disclosure exceeds the materiality Minor account / significant disclosure.

We must document the minor amount of the materiality of the significant account / disclosure, if applicable, for each specific significant account or disclosure and the factors considered in its determination.

Materiality Modification

The materiality for the financial statements taken together (and, if applicable, the lower materiality for the significant account / disclosure) may be modified as a result of:

  1. A change in circumstances that occurred during the audit.  New information, or
  2. A change in our understanding of the entity and its operations as a result of performing additional audit procedures.

Many consumers buy soft drinks and potato chips together when they shop at a grocery, convenience, or mass merchandiser store. But when querying its marketing information system (MIS), one convenience store discovered that when consumers bought a sandwich, many also purchased toothpaste. This information was obtained from checkout scanner data from its stores nationwide. This convenience store used ________ to extract this hidden information from its MIS to find the statistical link between the two product categories.

Answers

Answer:

data mining

Explanation:

In business, Data mining is the act of obtaining information about customer's behavior that might be use for the company's benefit.

On most cases, Data mining is used to predict the behavior of a certain group of customers. By creating this prediction, the company could create a product or marketing strategy that can efficiently target that group.

in the excerpt above,

The shop obtain the data that a lot of consumers who bought sandwich also bought toothpaste a long with it.

From this data, the shop could make assumption that there is a correlation between the sandwhich and the tooth paste. (Maybe many of sandwhich buyers need the toothpaste to remove the sandwich's smell from their mouth). The shop could use this data and arrange the placement of the toothpaste so it's close to the sandwhich with the hope that it might increase its sales.

Holton is the manager at a small restaurant. What can he do to ensure the workplace offers a safe environment for employees?

Answers

Answer and explanation:

When managing a restaurant it is important to keep certain safety guidelines to ensure the employees' well-being. Installing smoke detectors, making sure the cooking area is clean and out of plagues, giving employees special uniforms to ensure hygiene and prevent burns, and keeping a first-aid kit in front of mild emergencies are some practices managers should promote.