Explain why mobile employees might prefer cash balance plans over defined benefit plans.

Q: A client comes to you who needs help developing a plan for retirement and doesn’t have a current…

A: Retirement planning involves saving funds and investing it adequately; so that, the principal and…

Q: What is the meaning of personal finance

A: Personal Finance: Personal finance is the preparation and handling of personal financial actions…

Q: What are some of the cash management strategies used by your organization or by organizations that…

A: Cash Management:It is a method that helps to collects and manages the cash flow of an organization.…

Q: What is the significance of Personal Budgeting? What are the advantages and disadvantages of…

A: A personal budget is a financial plan for allocating and utilizing their personal income and…

Q: Recognize the link between money and credit? Explain

A: Money is defined as the financial medium used to facilitate transactions between parties. Money…

Q: Is it in the best interests of the company to borrow money?

A: Introduction: Obtaining finances in debt is significantly more straightforward for companies than…

Q: Discuss the notion of money from the consumer's and investor's perspectives.

A: Introduction: Money:Money is a proper channel for exchanging economic value. This type of payment…

Q: xplain the concept of time value of money in the context of simple interest. How would you use this…

A: Simple interest is the interest calculated above the original contribution to a savings account.…

Q: give your own perspective on why financial literacy is important

A: The knowledge and use of diverse financial abilities is referred to as financial literacy.…

Q: If households and businesses lend their surplus cash directly to borrowers, there would be no need…

A: Solution:   Financial institution facilitates the flow of funds between the individuals and or the…

Q: Example scenarios of commodity money, fiat money, representative money, fiduciary money and…

A: One of the important tools, in order to buy and sell the goods and services in the market, is known…

Q: Accountancy is a field that deals with money. What ideas and words are used there?

A: Accountancy is the field that deals to identify, measure, record, and communicate the monetary…

Q: Why are people willing to pay financial intermediaries their transaction costs, at our expense?

A: The question is based on the concept of function and operation of intermediaries in financial…

Q: Explain crowdfunding. Include what both parties (person receiving money & person providing money)…

A: The crowd funding is a technology based financial service in which the individual or business has…

Q: How can financial literacy be improved?

A: Financial literacy refers to a wide range of critical financial skills and concepts. People who are…

Q: Discuss the role of Time value of money in the profession of Finance and Accounting, particularly…

A: The time value of money (TVM) is the concept that money you have now is worth more than the…

Q: What is the source of funds within Micro Credit? How does this differ from traditional sources of…

A: The process of getting cash to support company operations, acquisitions, or investments is known as…

Q: Using your own words, briefly (hopefully) explain: (a). What is "retained earning"? How does…

A: Profit earning is the main and basic motive of every firm or business. Businesses use these profits…

Q: What can a person try to do to genuinely control spending to better achieve financial success?

A: Financial performance should be converted into a range of financial goals, properties, or net worth…

Q: To understand how money affects society, we need to take into account transaction costs.

A: Cost of the transaction: It refers to the costs spent as a result of the purchase or sale of…

Q: benefits account holders and borrowers for the Super Saver Account

A: The Super Savings Account is the updated version of a normal saving account This particular account…

Q: human weaknesses under both money planning and life planning

A: Money Planning An individual's current financial condition, long-term financial goals, and plans for…

Q: Kindly help on these questions. 1. What are some recommendations methods for raising sufficient…

A: Note : As per our guidelines, we can only answer 1 question at once. Please post other questions…

Q: What is personal finance?

A: Personal finance is all about managing savings, investments, expenditure, and taxes. It is about…

Q: What’s one personal finance lesson that you find important?

A: Handling the reality of personal money may be difficult, even for an adult with a lot of…

Q: Direct finance occurs when A. savers go directly to borrowers for funds. B. borrowers deposit funds…

A: Financing is the borrowing of money by the needy. if someone needs to money for some purpose and…

Q: Group of answer choices a. True b. False

A: The final salary plan is a conventional kind of a defined benefit plan in which the pension paid is…

Q: Which task do all finance careers have in common, and which task is designed mainly for insurance…

A: Most Finance careers entail analyzing & reviewing financial information such as budgets, credit…

Q: Cash balance plans are preferred by mobile workers because they are more flexible than defined…

A: This question explains about the Mobile employees choose cash balance plans because they are more…

Q: How transactions between suppliers and users of funds take place. How would you prove that there was…

A: Financial markets are marketplaces where fund suppliers and fund demanders can do business.…

Q: How can using personal financial planning tools help you improve your financial position? Please…

A: Financial Planning Tools refer to the instruments that help us achieve our future financial goals…

Q: ) Briefly explain the meaning of cash discount.

A: Cash discount  is the discount  offered by the seller of a product  to the buyer at the time of…

Q: Provide the definition for personal financial planning and list all the specific advantages of…

A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

Q: Why is knowledge of changing interest rates a significant aspect of personal financial planning?

A: Personal financial planning is very important for the purpose of increasing the rate of return. If…

Q: Discuss the concept of money from the perspective of a consumerand an investor.

A: Money: It is any commodity accepted by the common consent for payment of goods/services or debt…

Q: what are deemed cash contributions?

A: Cash contribution represents the contribution of funds by the partners of the partnership firm.

Q: remittance

A: CONSIGNMENT  conisgnment  is an arrangement where goods are sent to a third party for to sell the…

Q: What Role does Finance Play in Social responsibility?

A: In addition to maximizing shareholder profit, social responsibility requires firms to operate in…

Q: How does the money get paid out to the recipients?

A: Payments refer to those mechanisms which facilitate the settlement and clearing of monetary and…

Q: What is the relevance of personal financial planning in a daily life of a student? And what is the…

A: Financial planning is a systematic approach to achieving one's life goals. As you travel through…

Q: How should I think about the discount rate in a discounted cash flow model, and what it means (in…

A: Discount rates are the rates at which cash flows over the estimated time period are discounted.…