By examining the spreadsheet below, what part of the financial plan might be missing? A 2-column spreadsheet showing Cash Inflows and Cash Outflows. Cash inflows are Disposable income 7,350 dollars, interest on deposits 80 dollars, income from investments 50 dollars, with total cash inflow 7,480 dollars. Cash outflows are mortgage 4,500 dollars, cell phone 125 dollars, car payment 515 dollars, savings account 150 dollars, investments 200 dollars, retirement plan 1,100 dollars, groceries 300 dollars, recreation 200 dollars, with total cash outflow 7,090 dollars. A. Plan for managing income b. Plan for financing c. Plan for protecting assets d. Plan for retirement Please select the best answer from the choices provided A B C D.

Answers

Answer 1

The correct statement is that in the spreadsheet below, a financial plan for protecting assets is missing. So, the correct option is C.

A financial plan for protection of assets is advisable for such individual for better insurance against any unwanted losses or damages to property(s).

Financial Plan

A financial plan refers to as the interpretation and conclusion  of a cash flow after ascertaining the inflows and outflows of the firm.

The above cash flow statement shows that the spending have not been done on premiums for insurance for protection of assets of the individual.

There seems a requirement for the financial plan to be made in such a way that a part of expenditure outflow is done towards insuring the assets.

Hence, the correct option is C that in the spreadsheet below, a financial plan for protecting assets is missing.

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Related Questions

Which forecasting technique involves analysts using the aggregate opinion of expert panelists, along with justified reasoning, to estimate future sales scenarios?

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Answer:

The case involves analysts using the aggregate opinion of expert panelists.

The forecasting technique is the "Delphi method," which involves aggregating expert panelists' opinions and using reasoned discussions to estimate future sales scenarios.

The "Delphi method" is a forecasting method that has analysts estimate potential future sales scenarios using the collective wisdom of expert panelists and supported reasoning. The Delphi method asks a group of experts to present their individual predictions while remaining anonymous.

The panelists are then given an overview of the responses and invited to provide additional commentary and discussion. This iterative process keeps going until there is agreement or the forecasts converge. When making predictions in complex and uncertain situations where expert judgment and reasoning are essential, the Delphi method can be useful.

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What are the types of Monopoly???​

Answers

Simple Monopoly and Discriminating Monopoly: A simple monopoly firm charges a uniform price for its output sold to all the buyers

Pure Monopoly and Imperfect Monopoly

Natural Monopoly

Legal Monopoly

Industrial Monopolies or Public Monopolies

Greyco and sons earns $6,900 of revenue on account in year 1. Cash collections of receivables amount to $6,300 in year 1 with the remainder being collected in year 2. Based on this information alone the company’s financial statements would show.

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Based on the given information, the financial statements would show a balance of $600 in accounts receivable at the beginning of Year 2.

Accounts receivables These are cash owed to the company for goods received. They are considered assets.

The company made $6,900 in year 1 but only $6,300 from this was paid. They are therefore being owed an amount of:

= 6,900 - 6,300

= $600

This amount will go to the Accounts Receivable at the end of year 1 and open the account in year 2.

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True or false: Subsection (d) under section 10 of the Federal Arbitration Act requires the court to review the merits of every construction of a contract.

Answers

It is a  False statment to say that subsection (D) of section 10 of the Federal Arbitration Act mandate that the court review the merits of every construction of a contract. The act speaks to Arbitration.

What does the Federal Arbitration Act of the United States of America say?

Subsection (D) of section 10 of the above stated Act state that the United States Court would vacate an award upon application by any of the party to the arbitration:

Where the arbitrators exceeded their power or so imperfectly executed them that a mutual, final and definite award upon the subject matter submitted was not made.

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When the price of oranges increases, Jack buys more apples and fewer oranges. The decrease in the quantity demanded for oranges and the increase in the quantity demanded for apples is an example of the

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The decrease in the quantity demanded for oranges and the increase in the quantity demanded for apples is an example of the substitution effect.

What is the substitution effect?

The substitution effect illustrates how a change in the price of a good affects the quantity demanded of the good and the demand of substitute goods.

When the price of oranges increases, it becomes more expensive relative to apples. As a result, consumers buy more apples and less oranges. This leads to a movement up along the demand curve for oranges.

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As the manager of cut-off salon, lavonne ensures the prices she charges exceed the cost of providing the services. She also switched the entire salon to carbon-neutral styling products. Which additional element of the triple bottom line should lavonne consider?.

Answers

The social element is the additional element of the triple bottom line that lavonne should  consider.

What is the Triple bottom line?

Triple bottom line is a general business principle that ensure all companies must commit to focusing social and environmental concerns as they make profits.

Already, the manager has already used with two elements of triple bottom line, that is environmental and financial.

In conclusion, the social element is the additional element of the triple bottom line that lavonne should  consider.

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True or false: If you invest at a rate of r for two periods, under compounding, your investment will grow to (1 r)2 per dollar invested.

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It is FALSE that if you invest at a rate of r for two periods, under compounding, your investment will grow to (1 r)2 per dollar invested.

This brings us to the idea of compounding interest in future value calculations.

What is compounding interest?

The idea of compounding interest is that the rate of growth of your present investment for some periods will ensure that your investment grows to (1 + r)^n per dollar invested. Compound interest means that interest is also earned on the reinvested interest.

Thus, what is true is that if you invest at a rate of r for two periods, under compounding, your investment will grow to (1 + r)^2 per dollar invested and not (1 r)2.

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Which evasion aids can assist you with making contact?.

Answers

Answer:

Blood Chit

Pointee-Talkee

Explanation:

The evasion which aids and can assist with making the contact is Blood chit. Thus, the correct option is C.

What is Blood Chit?

Blood Chit is the common term for the written notice, in the several languages which are carried by Marine aircrews in combat. If their aircraft is shot down, then the notice (1) identifies the Americans and (2) It encourages the local population to assist them.

The concept of Blood Chit is over 200 years old. Jean-Pierre Blanchard is the famous French balloonist who came to America in the year 1793 to demonstrate hot air balloon flight. He would ascend from Philadelphia. Where he would come down, of course, no one knew. And, also Blanchard did not speak English language. George Washington, U.S. President, gave Blanchard a letter addressed to all the citizens of the United States. The letter asked that Blanchard be befriended and given safe passage back to Philadelphia.

Therefore, the correct option is C.

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Your question is incomplete, most probably the complete question is:

What needs to make contact with the local population. Which evasion aids can he use to help him make contact?

a. Signaling devices (incorrect)

b. Pointee-Talkee (correct)

c. Blood Chit (correct)

d. Camouflage (incorrect)

Mechelle has a life estate in a property in rural Maine. Mechelle has allowed people to camp and park in the backwoods of the property, leaving piles of trash everywhere and thereby diminishing the value of the property. Mechelle is allowing what to happen

Answers

The scenario that's illustrated regarding the property in this case is improper dominion.

What is dominion?

It should be noted that in law, dominion simply means the right to control the ownership of a a property.

In this case, since Mechelle has allowed people to camp and park in the backwoods of the property, leaving piles of trash everywhere and thereby diminishing the value of the property, this illustrates improper dominion.

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Which term describes a situation where the quantity of output rises, but the average cost of production falls?.

Answers

Answer: Economies of scale

Economies of scale describe a situation where the quantity of output rises, but the average cost of production falls.

What do economies of scale result in a fall in?

Economies of scale additionally result in a fall in common variable fees (average non-constant fees) with growth in output. this is brought about by means of operational efficiencies and synergies because of a boom within the scale of production.

Examples of economies of scale consist of accelerated purchasing power, community economies, and technical, economic, and infrastructural. While a firm grows too large, it may be afflicted by the alternative diseconomies of scale. that is wherein unit expenses start to grow to be extra high priced, due to increasing size.

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A customer asks about or expresses concern that the rogue vc-turbo has three cylinders. What are some ways to respond?.

Answers

As a car dealer, i will respond by saying the three cylinders on the rogue vc-turbo engine will be fuel-efficient and might behave less power-torque ability.

What is a three cylinders engine?

A three cylinders engine is a type of vehicle engine that have a three column chamber for combustion which is different from the popular 4 cylinders engines.

In conclusion, i will respond by saying the three cylinders on the rogue vc-turbo engine will be fuel-efficient and might behave less power-torque ability.

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Answer:

.Share that 3-cylinder engines are available from other manufacturers, including Ford, BMW, and MINI.

.Have your customer forcefully accelerate during the Demonstration Drive to experience the power.

.Explain that the technology allows the 3-cylinder VC-Turbo to produce excellent power and outstanding fuel economy.

Explanation:

Sheng, the CEO of Mirrorz Inc., comes up with a plan to implement business unit strategies successfully. He decides to do this by making technical advancements in the manufacturing process of the products and developing a solid financial system run by an efficient team. He also plans to establish a marketing team that would sell to people who would not normally buy the product. The ultimate mission of the company would be to provide a customer friendly environment. The plan initiated by Sheng can be best categorized as a(n) ________.

Answers

The plan initiated by Sheng can be best categorized as a vision statement based on the plans he wants to implement in his business.

What is Vision Statement?

This refers to the statement which contains the goals and objectives of which an organization wants to achieve in a given time period.

With this in mind, we can see that Mr Sheng is making use of vision statement by the plans he is making on how to implement his business and also to hire a marketing team to establish his business.

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The manufacturing overhead account is debited when ______.

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Production process involves different type of cost and expenses, manufacturing overhead account is one and it is debited when overhead applied is less than the actual overhead costs incurred.

What is manufacturing overhead cost?

It is the sum of all the indirect costs that were spent while manufacturing a product.

The amount in the manufacturing overhead account can either be a debit or credit.

It is a debit when the overhead is less than the actual overhead costs that were spent.

Therefore, The manufacturing overhead account is debited when the overhead applied is less than the actual overhead costs incurred.

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3. Why is bell work an important part of the learning process?

Answers

Answer:

it can help your brain

Explanation:

it warms your brain up to help you get ready for class and it gives you a glimpse of what you will cover that day.

i hope this helped

Adjusting entries help to ensure that all ______ are recorded in the period in which they are incurred.

Answers

Answer:

expenses

Explanation:

________ tell(s) the researcher exactly what needs to be gathered and analyzed to allow managers to make decisions related to a problem.

Answers

Research are carried out to get answers to certain question and research objectives are set to tell the researcher exactly what needs to be gathered and analyzed to allow managers to make decisions related to a problem.

What is Research objectives?

Research objectives are keynotes about research that inform the researcher about the type of information that is needed to be gathered and analyzed.

This information allows managers to make decisions that are related to the problem.

Therefore, Research objectives tell(s) the researcher exactly what needs to be gathered and analyzed to allow managers to make decisions related to a problem.

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What hands-on training program is required for doctors?

a fellowship
a residency
an apprenticeship
a vocational college

Answers

I’m fairly sure that it is a residency
a residency
explanation: greys anatomy

When the marginal cost curve lies below the average total cost curve, it is true that as output increases.

Answers

If the marginal cost curve lies below the average cost curve then as output increases, average total cost is decreasing.

What is marginal cost?It shows the cost of producing an additional unit.

When this measure is decreasing, it means that every time another unit is produced, less cost is incurred. This will lead to average total cost falling because there is less cost but more output.

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Answer: c.) average total cost is decreasing

Explanation:

The state senator was found guilty of __________ when she tried to overcharge for licenses and permits from an international business that wanted to open a manufacturing plant in her state.

Answers

The state senator was found culpable of Foreign corrupt Practices when she tried to overcharge for licenses and permits from an international firm that wanted to start a manufacturing plant in her state.

What are Foreign Corrupt Practices (FCPA)

This Act was originally brought into Law in 1977 by the U.S. Congress to curb corruption as it was becoming endemic.

Foreign Corrupt Practices are related to illicit practices that border Public Account Records and Bribery.

In the example above, the senator tried to circumvent proper internal controls by revising the fees payable by an international organization to the state.

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1. Economic growth results from a/an A. decrease in quality of resources. B. decrease in quantity of resources. C. increase in capital depreciation. D. increase in volume of innovations​

Answers

Answer:

D. increase in volume of innovations.

Explanation:

How long after irs accepts return will it be direct deposited.

Answers

Answer:

within 7-10 days of receiving your tax return, and process paper checks within about two weeks.

Explanation:

Why would domino’s and little caesar segment the market for pizza?.

Answers

You made me want to eat pizza lol but I think they would work together and form the best pizza

Answer:

Because customers' requirements aren't always the same, To be able to focus on a certain portion.

Explanation:

Hope this helps you!!!!! :D

how much do child life specialists make a month :)
just asking...
for a friend

Answers

Uhh like any other job it varies but uhh on average I’d say about $50,000 a year. But it ranges from 15,000 to 120,000. And the average hourly pay is like $16-$25 and hour.

Hope this helps!

A person can benefit from specialization and trade by obtaining a good at a price that is.

Answers

Answer:

lower than his or her opportunity cost of that good.

Explanation:

River Corp's total assets at the end of last year were $320,000 and its net income was $32,750. What was its return on total assets

Answers

Based on the total assets and the net income earned, the return on total assets was 10.23%.

What was the return on total assets?

This can be found by the formula:

= Net income / Total assets x 100%

Solving gives:

= 32,750 / 320,000 x 100%

= 10.23%

In conclusion, the return was 10.23%.

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A(n) _____ company acts like an evangelist, assigning ownership of a project or new business creation and providing seed funding to test it.

Answers

Advocacy is important when establishing a business, advocate models company acts like an evangelist, assigning ownership of a project or new business creation and providing seed funding to test it.

What is Advocacy model?

They are advocate and they provides support and relevant information that is needed to empower their partner or business owner to enable them to identify their needs and choices.

Therefore, Advocate models company acts like an evangelist, assigning ownership of a project or new business creation and providing seed funding.

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Citizen Bank sent a bank statement to Bane Co. showing an ending balance of $1,480. On the bank statement there was a service charge of $20. The bookkeeper of Bane Co. noticed in the reconciliation process a deposit in transit of $200 along with checks outstanding of $300. Complete the reconciliation for Bane assuming a checkbook balance of $1,400.
a. $1,400.
b. $1,830,00.
c. $1,138.00.
d. $1,380.00.
f. None of these.

Answers

The reconciliation balance for Bane Co. would be:

Adjusted bank balance $1,380Adjusted cash balance $1,380

What is bank reconciliation?

Bank reconciliation statement summarizes banking and business activity, reconciling an entity's bank account with its financial records. Bank reconciliation process confirms that two separate records of transactions in an account are equal.

                                 

                                 Bane Co. company

                 Bank Reconciliation for the month ended.

Ending balance on the bank statement $1,480

Add:

Deposit in transit of $200

Less:

Checks outstanding $300

Adjusted bank statement $1,380

Company's books

Ending balance per cash account $1,400

Less:

Service charge $20

Adjusted cash balance $1,380

Therefore,

Bane Co.'s bank statement are:

Adjusted bank balance $1,380Adjusted cash balance $1,380

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Whats the number to 911?

Answers

i dont know, it could really be any thing tbh

If you withdraw money from a CD before its maturity date, you will face a financial penalty. True False

Answers

Answer:

True

Explanation:

How many days does the pay stub cover?

Answers

Answer:

Pay stubs are usually an extent of 30 days which is a month.

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