A formalized report that summarizes your current financial situation, analysis your financial needs, and recommends a direction for your financial activies is an: a: insurance prospectus b: financial plan

C. Budget

D. investment forecast

Question

Aaden

Business

1 June, 00:24

A formalized report that summarizes your current financial situation, analysis your financial needs, and recommends a direction for your financial activies is an: a: insurance prospectus b: financial plan

C. Budget

D. investment forecast

+5

Answers (2)

Know the Answer?

Alberto Schwartz · Answer 1

C. Budget. BudgetBudget

Abbigail Sexton · Answer 2

The correct answer would be option B, Financial Plan.

Explanation:

A financial plan is a document or report which summarizes the current financial situation of the company, gives analysis of your financial needs and recommends a direction for your financial activities. This report is basically a plan towards the financial improvements by seeing the current financial position and analyzing the financial needs of the company at the moment. This report summarizes all the financial aspects of the company and suggests a plan to move forward.

A formalized report that summarizes your current financial situation, analysis your financial needs, and recommends a direction for your financial activies is an: a: insurance prospectus b: financial planC. BudgetD. investment forecast

A formalized report that summarizes your current financial situation, analysis your financial needs, and recommends a direction for your financial activies is an: a: insurance prospectus b: financial plan

C. Budget

D. investment forecast