1
Q
6 steps in the Financial Planning process?
A
1, Establish client-planner engagement
- Establish objectives and gather data
- Clarify present status and identify problems and opportunities
- Identify appropriate strategies and present plan
- Implement the plan
- Monitor and update
2
Q
Statement of financial position
A
Net Worth = Assets - liabilities
Equity Ratio = (assets-liabilities) / Assets
3
Q
What are voting retractable shares
A
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.
