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.
Answer to Problem 1CE
Explanation of Solution
- 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.
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Chapter D Solutions
UNDERSTANDING BUS (LL)-W/CONNECT
- What is debt financing? Identify ONE advantage and ONE disadvantage of debt financing?arrow_forwardIf you were to invite investors to your business, who would they be and why?arrow_forwardWhat is the cheapest source of funds? When all other sources turn down your request for funding, what source is most likely to say yes? Why is this the case? Is the entrepreneur exploiting a personal relationship with this potential source of capital? What are the consequences of using this source of capital if the business goes bankrupt?arrow_forward
- discuss the advantages and disadvantages of debt financing and common stock financing. Then, for your initial post, discuss the following: From the company’s viewpoint, why would it prefer to fund the venture initially with common stock instead of debt?arrow_forwardHow have the lingering effects of the recession changed the way you manage your personal finances?arrow_forwardFinding Information on the Internet: Dell, Inc. General Motors, and Ford (Easy) This chapter compared Dell, Inc., General Motors Corp., and Ford Motor Co. Go to the Internet and find sources that will help research these firms. One site to start with is Yahoo! Finance: finance.yahoo.com. Another is Google Finance: www.google.com/finance. Look at the book's Web page for links to further sources.arrow_forward
- What is the Role of Corporate Finance? What is Corporate Finance Example?arrow_forwardDiscuss the FIVE (5) C's lenders and investors look for in a business plan and comment on how these could be affected given an entrepreneur has recently had to close down a business.arrow_forwardRead the article “How To Overcome The Fear Of Investing In The Stock Market” on the College Investor website and answer the following questions. Please provide explanations for your answers. Do you fear investing? If yes or no, explain why. Can an effective asset allocation strategy assist in overcoming the fear of investing? In your opinion, which is worse – not investing at all or investing close to retirement?arrow_forward
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