Thank you so much sir for the comprehensive justification with precise conclusion with real-life example of buying ice-cream from nearby store. I believe that reading this answer make anyone clear about this concept.
Thank you so much sir for the comprehensive justification with precise conclusion with real-life example of buying ice-cream from nearby store. I believe that reading this answer make anyone clear about this concept.
Sorry sir not putting the solution. Here it is: Explanation Planned bequests are considered a liability on an economic balance sheet but not on a traditional balance sheet. A defined contribution plan balance is likely to be included in a traditional balance sheet. The statement would have been trueRead more
Sorry sir not putting the solution. Here it is:
Explanation
Planned bequests are considered a liability on an economic balance sheet but not on a traditional balance sheet. A defined contribution plan balance is likely to be included in a traditional balance sheet. The statement would have been true for the individual’s defined benefit plan value. Negative net wealth is possible and it does not necessarily mean than an individual is bankrupt. From the perspective of an economic balance sheet, it more likely suggests that the individual’s consumption and bequest plans are unrealistic. Or negative net wealth could be an estimation error due to the difficulty of valuing the additional items on the economic balance sheet such as future labor income and pensions.
Sorry sir not putting the solution. Here it is written: Explanation The donor-advised fund (or charitable trust) can allow the property owner to take a tax deduction, gift more money to the charity, and influence the use of the donation. However, title to the property is transferred to the donor-advRead more
Sorry sir not putting the solution. Here it is written:
Explanation
The donor-advised fund (or charitable trust) can allow the property owner to take a tax deduction, gift more money to the charity, and influence the use of the donation. However, title to the property is transferred to the donor-advised fund and the fund may sell or retain the property at its discretion.
Mortgage financing can be an attractive strategy to raise funds without loss of control of the property. A sale and leaseback can provide immediate funds while retaining use of the property. In both cases, control of the property is not lost although for the sale and leaseback, ownership is lost.
Equity
Representative Bias
Thank you so much sir. I now understood with crystal clear. class ka jaisa hindi aaya sir, so clear..
Thank you so much sir. I now understood with crystal clear. class ka jaisa hindi aaya sir, so clear..
See lessSatisfice and Bounded Rationality
Thank you so much sir for the comprehensive justification with precise conclusion with real-life example of buying ice-cream from nearby store. I believe that reading this answer make anyone clear about this concept.
Thank you so much sir for the comprehensive justification with precise conclusion with real-life example of buying ice-cream from nearby store. I believe that reading this answer make anyone clear about this concept.
See lessUse of Life insurance
Wow, greatly clarified. Thank you so much for!
Wow, greatly clarified. Thank you so much for!
See lessBehavior Finance
Thank you so much for the response.
Thank you so much for the response.
See lessCFA – Level – 3 Managing Risk for Individuals
Sorry sir not putting the solution. Here it is: Explanation Planned bequests are considered a liability on an economic balance sheet but not on a traditional balance sheet. A defined contribution plan balance is likely to be included in a traditional balance sheet. The statement would have been trueRead more
Sorry sir not putting the solution. Here it is:
Explanation
Planned bequests are considered a liability on an economic balance sheet but not on a traditional balance sheet. A defined contribution plan balance is likely to be included in a traditional balance sheet. The statement would have been true for the individual’s defined benefit plan value. Negative net wealth is possible and it does not necessarily mean than an individual is bankrupt. From the perspective of an economic balance sheet, it more likely suggests that the individual’s consumption and bequest plans are unrealistic. Or negative net wealth could be an estimation error due to the difficulty of valuing the additional items on the economic balance sheet such as future labor income and pensions.
(Study Session 13, Module 32.1, LOS 32.d)
See lessCFA – Level – 3 Managing Risk for Individuals
Sorry sir not putting the solution. Here it is written: Explanation The donor-advised fund (or charitable trust) can allow the property owner to take a tax deduction, gift more money to the charity, and influence the use of the donation. However, title to the property is transferred to the donor-advRead more
Sorry sir not putting the solution. Here it is written:
Explanation
The donor-advised fund (or charitable trust) can allow the property owner to take a tax deduction, gift more money to the charity, and influence the use of the donation. However, title to the property is transferred to the donor-advised fund and the fund may sell or retain the property at its discretion.
Mortgage financing can be an attractive strategy to raise funds without loss of control of the property. A sale and leaseback can provide immediate funds while retaining use of the property. In both cases, control of the property is not lost although for the sale and leaseback, ownership is lost.
(Study Session 13, Module 31.4, LOS 31.k)
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