Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
Question
Chapter D, Problem 1CE
Summary Introduction

To determine: The task performed, skills needed, pay, and opportunity outlook in the career.

Introduction: Various advices on making investment decision, insurance, mortgages, savings, estate planning, taxes, and retirement for helping out the people in managing finances is given by a personal financial planner.

Expert Solution & Answer
Check Mark

Answer to Problem 1CE

Someone whose job is to provide advice on various aspects related to financial decisions is known as personal financial planner. Various services are provided like providing advice in taking decisions related to finance and also assisting in managing them. The person should have done bachelors in this field whereas the annual wage rate is $90,640 whereas there will be 15% growth rate from the year 2016 to 2026.

Explanation of Solution

The person who provides advice on various aspects like for taking investment decisions, insurance, doing savings for college, estate planning, taxes, and retirement for helping the people in providing assistance in managing the finances is known as personal financial planner. Following are some of the tasks are performed by the personal financial planner:

  • Providing personal advice for taking financial decisions.
  • Helping people in managing the finance efficiently.
  • Encouraging and advising college students in savings.
  • Providing advice related to taxes.

There are various skills that are required for becoming a personal financial advisor like having a bachelor’s degree along with master’s degree and certification which can increases one’s chances for advancement in the occupation.

The wage rate of a content-writer is as follows:

  • Hourly wage rate- $43.58.
  • Annual wage rate- $90,640.

The opportunity outlook in the employment of a content writer is projected to grow to 15% from the year 2016 to 2026, due to the expected increase in population and rise in life expectancies which make it much faster than the usual opportunity growth.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
In your initial post, reflect on a current event in finance news or an event that has personally impacted you or your work recently that can be related back to the course concepts. Briefly describe the event or link to a related story and, in relation to your selected event, share at least two key takeaways related to course concepts that have impacted your understanding of the selected event and reiterated the importance of appropriately applying these concepts in corporate finance.In your response posts to your peers, reflect on any additional concepts not cited in the initial post that you think may relate to the event they shared or note any differences in your understanding of the concepts they cited.   a paragraph please!
Discuss the pros and cons, advantages and disadvantages, and risk factors of financing a digital publishing company through: Debt (borrowing the money from banks, friends, and family) Equity (sharing ownership with private and/or public investors, as with stock offerings) Identify ideas for possible sources of funding, both short- and long-term, that could be used in your business plan.
What are four questions that banking officials and investors are interested in when reviewing your business plan
Knowledge Booster
Similar questions
    Recommended textbooks for you
  • Foundations of Business (MindTap Course List)
    Marketing
    ISBN:9781337386920
    Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
    Publisher:Cengage Learning
    Foundations of Business - Standalone book (MindTa...
    Marketing
    ISBN:9781285193946
    Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
    Publisher:Cengage Learning
  • Foundations of Business (MindTap Course List)
    Marketing
    ISBN:9781337386920
    Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
    Publisher:Cengage Learning
    Foundations of Business - Standalone book (MindTa...
    Marketing
    ISBN:9781285193946
    Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
    Publisher:Cengage Learning