Discuss what is involved in Life Event 1: Getting started
What will be an ideal response?
Answer: Before you can begin your life's journey, you need to figure out where you are now. Creating an income statement and balance sheet is essential in determining your financial health and establishing a realistic budget. You must establish an emergency fund and have adequate insurance in place to protect your long term savings and investments incase of an unplanned event. Establishing and maintaining strong credit is essential to having access to affordable credit. Establishing realistic goals and creating a plan to achieve them are next. Without a plan in place, the odds of achieving your goals are low.
You might also like to view...
The two most widely used methods for determining the cost of inventory are
A) FIFO and LIFO B) FIFO and average C) LIFO and average D) gross profit and average
In hybrid transactions that involve both services and products, the dominant element of the transaction dictates whether strict liability applies
Indicate whether the statement is true or false
Rock Mining Company operates a gravel pit next to Siera's residence. Siera files a suit against Rock, alleging that the pit is a source of pollution and unreasonably interferes with the enjoyment of her property The court is most likely to award Siera an injunction
a. if letting the pollution continue is equally as harmful as stopping it. b. if letting the pollution continue is less harmful than stopping it. c. if letting the pollution continue is more harmful than stopping it. d. under no circumstances.
Jerold told her friends that her doctor had once been successfully sued for malpractice. Although the statement was true, the doctor was able to sue Jerold in tort for
a. libel. b. slander. c. invasion of privacy. d. slander and invasion of privacy.