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What term does a person who provides financial support?
A person who provides financial support is commonly referred to as a "financial supporter" or a "financial backer." This individual may offer funding or resources to help another person or organization achieve their goals or projects.
What term is used to describe a category of financial information grouped according to the type of payer?
The term used to describe a category of financial information grouped according to the type of payer is "revenue stream." This refers to the different sources of income or revenue that a business or organization receives from its customers or clients.
What is the careless use of your natural resources?
The careless use of natural resources refers to exploiting them without considering the long-term impact on the environment or future generations. This can lead to depletion of resources, environmental degradation, and loss of biodiversity. It is important to use resources sustainably to ensure their availability for future needs.
What term refers to military and cilivian preparations?
The term "preparedness" refers to military and civilian preparations made in advance for potential emergencies or conflicts. Preparedness involves the planning, organization, and readiness of personnel, equipment, resources, and infrastructure to effectively respond to and mitigate the impact of various scenarios.
Conservation of ocean resources?
Conservation of ocean resources refers to the sustainable management and protection of marine ecosystems and biodiversity to ensure their long-term health and productivity. This involves practices like sustainable fishing, reducing pollution, protecting critical habitats, and addressing climate change impacts to maintain the balance and health of ocean ecosystems for current and future generations.
What is short term financial resources?
Short term financial resources are the financial resources that can facilitate businesses to seize quick business opportunities when there is a short time. The types of short-term financing are lease, credit cards, bank loans, bank overdraft, trade credit.
Why is it important to take stock of these resources when planning financial goals?
Taking stock of resources is crucial for effective financial planning because it provides a clear understanding of your current financial situation, including assets, liabilities, and income streams. This assessment helps in setting realistic and achievable financial goals tailored to your unique circumstances. Additionally, it allows for better prioritization of goals and informed decision-making, ensuring that you allocate resources efficiently to meet both short-term and long-term objectives. Ultimately, a comprehensive overview of resources enhances the likelihood of financial success.
What is meant by the term financial resources?
The term financial resources means the money (cash, cash equivalents, and credit) and other valuable property that you own that you can use to do things that require money be paid.
What is the definition of fiscal stewardship?
Fiscal stewardship refers to the responsible management of public funds and resources to ensure financial sustainability and accountability. It involves making informed decisions about budgeting, spending, and investing to meet current and future needs while promoting transparency and ethical practices. Effective fiscal stewardship aims to maximize the value of resources for stakeholders and ensure that financial practices support long-term economic stability.
What is the main objective of financial planning?
The main objective of financial planning is to help individuals and organizations achieve their financial goals through effective management of their resources. This involves assessing current financial situations, identifying future needs, and developing strategies to allocate resources efficiently. Ultimately, it aims to enhance financial stability, ensure preparedness for emergencies, and facilitate long-term wealth growth.
What is short term solvency?
Short-term solvency refers to a company's ability to meet its short-term financial obligations, typically those due within one year. It is assessed using liquidity ratios, such as the current ratio and quick ratio, which compare current assets to current liabilities. A company with strong short-term solvency can effectively cover its immediate debts, indicating financial health and stability. Conversely, poor short-term solvency may signal potential cash flow problems.
What is the difference between current assets and current liabilities in a company's financial statement?
Current assets are resources that a company owns and can convert into cash within one year, such as cash, inventory, and accounts receivable. Current liabilities are debts and obligations that the company needs to pay within one year, like accounts payable and short-term loans. The difference between current assets and current liabilities shows the company's liquidity and ability to meet its short-term financial obligations.
What does nest egg mean?
A "nest egg" refers to a sum of money that has been saved or invested for future use, typically for retirement or a specific financial goal. The term suggests a reserve of funds that provides security and financial stability. It can also imply careful planning and management of resources to ensure long-term financial well-being.
What is the meaning of financial entity?
A financial entity is a legal/financial term. It refers to a legally created person as opposed to a natural person.
What is classified as working capital?
Working capital refers to the difference between a company's current assets and current liabilities. It is a measure of a company's short-term financial health and operational efficiency, indicating the available funds for day-to-day operations. Current assets typically include cash, accounts receivable, and inventory, while current liabilities encompass accounts payable and other short-term obligations. Sufficient working capital is essential for maintaining smooth business operations and meeting short-term financial commitments.
What is the term that refers to a liability that promises a future outflow of resources?
"payable"
What is the Current ratio for a financial institution?
Total current assets on the company 'balance sheet' divided by total current liabilities. The higher the better. It is a quick measure financial strength near term.
