There are five basic steps to personal financial planning and their related tasks. arrange these steps and examples of related tasks in the order of their presence during the financial planning process.
a. develop a plan of action. develop a budget matching income and projected expenses for the remainder of this academic year.
b. evaluate your financial health. record all expenses for a month to compare income and expenses.
c. review progress on the plan, reevaluate the plan, and revise the plan or start over with a new one. based on this year, develop a revised budget for next year based on projected income and expenses.
d. define your financial goals. pay off credit card(s) by the end of this school term.
e. implement the plan. reduce expenses in problem areas so amounts do not exceed budgeted projections.

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?

The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading

Suppose that a major city’s main thoroughfare, which is also an interstate highway, will be completely closed to traffic for two years, from january 2014 to december 2015, for reconstruction at a cost of $535 million. if the construction company were to keep the highway open for traffic during construction, the highway reconstruction project would take much longer and be more expensive. suppose that construction would take four years if the highway were kept open, at a total cost of $800 million. the state department of transportation had to make its decision in 2014, one year before the start of construction (so that the first payment was one year away). so the department of transportation had the following choices: (i) close the highway during construction, at an annual cost of $267.5 million per year for two years. (ii) keep the highway open during construction, at an annual cost of $200 million per year for four years. now suppose the interest rate is 80%. calculate the present value of the costs incurred under each plan.