PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN: 9781337117005
Author: Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher: Cengage Learning
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Chapter 1, Problem 2FPE
Summary Introduction
To discuss: Reasons for changes in goals and the ways to adopt financial plans as a result.
Financial plans refer to the valuation of the current payment of an individual and the future financial position. It is done by the way of using the variables to
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1. Identify at least 3 personal goals using the SMART guidelines. Financial goals should be specific , measurable, have a definite timeframe, relevant, and imply the action to be taken. Your goals can be short term (less than a year, up to years), mid term (2-5 years), or long term (>5 years).
2. Identify your values and beliefs associated with money, write brief paragraph that identifies your values and belief about money.
3. Research 3 online financial tools or apps that you might use. These might be for budgeting, saving, shopping, coupons etc. describe the app or tool and whether you think you would use it or not. If you are already using online tools or apps, you can explain what you like or don't like about them.
Write down a financial goal that you will accomplish in the next 24 months. How much money do you need for the financial goal? What date will you need the financial goal by? How money will you need to save each month for the financial goal?
how to get the additional finances for the forcasted year. (what is the used formula and how do you cumpute it)
Assuming you have the income statment + balance sheet + projections for the next year.
I just want to know how to the formula and how to use it.
Chapter 1 Solutions
PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
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