Financial planning and budgeting are not the same. Financial planning involves setting goals and creating a plan, while budgeting is a specific part of financial planning that focuses on managing income and expenses.
No, financial planning and budgeting do not mean the same thing.
Financial planning refers to the process of setting goals, analyzing financial resources, and creating a plan to achieve those goals.
It involves considering factors such as income, expenses, investments, and savings to make informed decisions.
On the other hand, budgeting is a specific part of financial planning.
It focuses on creating a detailed plan for managing and allocatingincome and expenses. Budgeting helps individuals or organizations track their spending, manage debt, and save for specific goals.
#SPJ11
Answer: Equilibrium price rises.
Explanation:
(a) Pen and pencil are substitute goods. So, if the price of pencil increases the demand for pens increases which shifts the demand curve rightwards and hence, equilibrium price rises.
(b) There is a direct relationship between the income of an individual and demand for normal goods. If there is an increase in the income of the consumer as a result demand also increases which increases the equilibrium prices.
(c) Writing in ink becomes fashionable, people expect the price of pens to rise in the near future and the population increaseswill lead to increases the demand for pens which which shifts the demand curve rightwards and hence, equilibrium price rises.
(d) Wages of pen-makers increase will increase the cost of production and hence increases the equilibrium price of pens.
b. requirements-gathering
c. planning
d. implementation
Answer:
c. planning
Explanation:
Answer:
Her personal savings rate is 25%
Explanation:
The formula to compute the personal saving rate is shown below:
= (Earning amount ÷ Net income amount)
where,
Earning amount or saving amount is $68,000
And, the net income or current income equal to
= Earnings - taxes
= $68,000 - $16,000
= $52,000
Now put these values to the above formula
So, the value would equal to
= $13,000 ÷ $52,000
= 0.25 or 25%
b. the rate of unemployment.
c. the income tax structure.
d. the presence of a monopoly.
A. The relative price of goods and services. The law of demand andsupply explains the interaction between the supply and demand of a resource. Thelaw of demand states that if all things are equal, the higher the price thelesser (quantity) the demand for the goods/services. While thelaw of supply states that if all things are equal, the higher the price, thehigher the (quantity) supply of goods/services.
Retained earnings, equity, term loans, debt, letter of credit, debentures, euro issuance, working capital loans, venture investment, etc. are some of the sources of corporate financing.
Personal finance is an essential component of managing your current financial demands as well as future financial planning. Your long-term financial prospects for actions like investing or retirement planning will be greater the sooner you gain control over your personal finances.
A lot of information about a company's financial stability can be found in its financial statements. The Financial Statements of a company can be used to extract the majority of its information. Both its creditors and debtors can provide financial information.
Banking, professional guidance, Financial management, Investment funds, Insurance, Stock Exchange, Instruments of the Treasury or Debt Tax/Audit Consulting are personal finance services.
Therefore, Sources of information and advice about methods and services for managing personal finances are mentioned above.
Learn more about Finance, here;
#SPJ2