Financial Management

Question 1

6 steps in the Financial Planning process?

Answer 1

1, Establish client-planner engagement

2. Establish objectives and gather data
3. Clarify present status and identify problems and opportunities
4. Identify appropriate strategies and present plan
5. Implement the plan
6. Monitor and update

Question 2

Statement of financial position

Answer 2

Net Worth = Assets - liabilities

Equity Ratio = (assets-liabilities) / Assets

Question 3

What are voting retractable shares

Answer 3

Retractable preferred shares are a specific type of preferred stock that lets the owner sell the share back to the issuer at a set price.