Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Question #1 Assess Shelly and Alan's current financial situation using all applicable financial formulas and ratios, the complete SWOT analysis to determine their financial strengths,

Question #1 Assess Shelly and Alan's current financial situation using all applicable financial formulas and ratios, the complete SWOT analysis to determine their financial strengths, weaknesses, opportunities, and threats.

Question #2 Shelly and Alan have recently lost a close friend in a car accident. They feel so sad to see their friend's wife left struggling to raise and provide for her 2 children all alone. Shelly and Alan have given some thought to the family's financial affairs should one or both of them unexpected pass away. Their wishes include: that if one spouse dies the family remains in the home, $140,000 is required for the children's post secondary education, if one spouse passed away the other would need supplemental income equivalent to 50% of the other spouse's gross income until Ally completed a post secondary degree at age 22. If they both passed away Alan's sister would become the children's guardian, would take them into her home and would require annual income of $20,000 each until Ally completed a post secondary degree at 22. Shelly and Alan would like the team to assess the amount of life insurance they would need if: 1) Shelly passed away 2) Alan passed away and 3) both pass away. *make and state any assumptions (ie. Interest earned - inflation) and ignore estate taxes

Question #3 Provide 2 options of how Shelly & Alan could use their monthly surplus cash to address any of the weaknesses, opportunities or threats identified. Provide rationale for each option and how it addresses a gap or capitalizes on an opportunity, state any information/questions you may have of the clients and clarify next steps.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
A study of the career plans ofyou ng women and men sent questionnaires to all 7'22 members of the senior class of a particular college. ICline question asked which majorwithin the business program the student had chosen. Here are the data from the students who responded: _ _Im -- II II II [a] Describe the differences between the distributions of majors for women and men with percents. (Round your answers to two decimal places] Administration Finance Describe the differences between the distributions of majors for women and men in words. The biggest difference between women and men is in ---Select-- accounting administration economics nance . The field of ---Sele~::t-- accounting administration economics nance was the field most often selected by men. [b] What percent ofthe. students did not res pond to the questionnaire? The non respo rise weakens conclusio ns drawn from these data. {Round your answer to one decimal place} as If a Professor of Sociology said that all corporations are greedy and that they are the cause of social and income inequality because that was their personal opinion on this issue, then what kind of statement is this? Multiple Choice O Normative Economics O None of the above. O Positive Economics O A very logical and well thought out statement.Question 39 Not yet answered Marked out of 1.00 P Flag question "To provide better guidelines on standard cost accounting practices", is one of the objectives of a manufacturing firm that can be achieved through O a. Cost Accounting Standards O b. Generally Accepted Accounting Principles O . Charted Accounting Institute Standards O d. International Financial Reporting StandardsEntries for Issuing par stock Instructions Chart of Accounts Journal Final Question E Instructions X On January 22, Jofferson County Flocks Inc., a marble contractor, Issued for cash 70,300 shares of $45 par common stock at $50, and on February 27, It Issued for cash 18,450 shares of preferred stock, $10 par at $15. Required: a Journalize the entries for January 22 and February 27. Aster to the Chart of Accounts for exact wording of account titles. b. What is the total amount invested (total paid-in capital) by all stockholders as of February 27

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Principles of Economics

Authors: Tyler Cowen, Alex Tabarrok

3rd edition

1429278390, 978-1429278416, 1429278412, 978-1429278393

Students also viewed these Economics questions