Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) Plan for retirement, planning for retirement can make for a better and easy future. Planning for retirement will also help you learn how to make investments and save money. Creating a budget will help you not spend more money than you have.
Assignment 1: Economic Basics (24.0 points) 1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) Financial planning skills can help you acquire more in term of finance and can also help you secure what you have. When you have skill to plan, you are aware of how to manage your account hence adding on your profit.
List two examples of goods you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points) T-shirt Cell phone 3. List two examples of services you have purchased in the past or may purchase in the future. (Complete sentences are not necessary.
List two examples of goods you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points) 3. List two examples of services you have purchased in the past or may purchase in the future. (Complete sentences are not necessary.
1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) You can save money by not indulging your 'wants' and you can maintain that balance, Financial planning skills can help you acquire more in term of finance and can also help you secure what you have. When you have skill to plan, you are aware of how to manage your account hence adding on your profit.
(0.5 points) d. Why does this career interest you? (1-3 sentences. 2.0 points) 7. Choose another career that you are interested in. This does not need to be a career in the finance industry.
The way revenue helps the business is a by money coming in from different areas such as rent. The way this helps the business is by bank giving them more loan because they are good money from
This is where the business sells its accounts receivables to a business that specialises in debt collection. The debts will be put at a reduced amount by the factoring business, but the advantage is that it provides an injection of cash into the business with funds to continue operating and stops the problem turning into a solvency issue. Woolworths began using a factoring company to collect its accounts receivable at the start of 2015. This is a low-risk funding option for Woolworths and allows the business to meet its financial objective of liquidity. It saves the business time and effort involved in chasing debtors and allows management to focus on the prime function of grocery retailing, although it costs Woolworths a percentage of repayments to do this.
(Complete sentences are not necessary. 0.5 points)An IPod and an IPhone. 3. List two examples of services you have purchased in the past or may purchase in the future. (Complete sentences are not necessary.
Cash flow is more vibrant and holds to the true value. Cash flow is concerned with the movement of money in and out of a business. The concept of accounting profit can be somewhat narrow with its results only looking at income and expenses at a certain point in time and is taxable. By comparing the information provided from the two reports the free cash flow information from will provide the company with a much truer understanding how the project will be performed. Comparing the company’s net income to its actual cash generated, an investor can determine whether the company is more aggressive or conservative in accounting for its performance.