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The danger of lost buying power during times of rising prices is referred to as inflation risk. economic risk. personal risk. interest-rate risk. money risk. Question 2.2. (TCO 1) When bankruptcy is experienced, this can be the result of poor decisions in the _____ component of financial planning. sharing saving borrowing lending protecting Question 3.3. (TCO 1) The Federal Reserve has the responsibility to monitor illegal business activities. approve spending by Congress. set federal income tax rates. maintain an adequate supply of money. maintain a balanced budget for the federal government. Question 4.4. (TCO 1) The _____ refers to stages that an individual goes through based on age, financial needs, and family situation. financial planning process financial cycle adult life cycle personal economic cycle tax planning process Question 5.5. (TCO 1) The future value of an account in which $2,000 is deposited each year for 5 years, and which earns 4%, is approximately _____ after 5 years. $2,000 $2,400 $10,000 $400 $10,800 Question 6.6. (TCO 1) Personal financial planning has a main goal of ) reducing a person's tax liability. saving and investing for future needs. spending to achieve financial objectives. saving, spending, and borrowing based on current needs. achieving personal economic satisfaction. Question 7.7. (TCO 1) When it comes to the financial planning process, the first step is to develop financial goals. implement the financial plan. evaluate and revise your actions. analyze your current personal and financial situation. create a financial plan of action. Question 8.8. (TCO 1) If a person wants to determine the current value of a desired amount for the future, the following computation would be used. Simple interest Present value of a single amount Future value of a series of deposits Future value of a single amount Present value of a series of deposits Question 9.9. (TCO 1) Which goal below would be the easiest to implement and measure in terms of accomplishment? "Reduce our debt payments." Save $100 a month to create a $4,000 emergency fund." "Save funds for an annual vacation." "Invest $2,000 a year for retirement." Question 10.10. (TCO 1) _____ risk refers to the changing cost of money. Monetary Inflation Economic Personal Interest rate Question 11.11. (TCO 1) You want to determine the current value of an annuity that pays $350 a month for the next 5 years. What type of calculation would provide you with this value? Future value of a single amount Simple interest Present value of a single amount Future value of a series of deposits Present value of a series of deposits Question 12.12. (TCO 1) Barb Hotchkins is in the 28% tax bracket. A tax-exempt employee benefit with a value of $600 would have a tax-equivalent value of $678. $628. $833. $300. $168. Question 13.13. (TCO 1) Personal financial statements would include budget and credit card statements. income tax forms and a cash flow statement. a checkbook and a budget. a balance sheet and a cash flow statement. a bank statement and a savings passbook. Question 14.14. (TCO 1) A _____ résumé would best be used by an employee who has worked in many fields and has a variety of skills in a variety of work-related categories. targeted goal-oriented chronological functional career change Question 15.15. (TCO 1) A _____ résumé is designed to obtain a specific job. functional chronological goal-oriented targeted data Question 16.16. (TCO 1) Which of the following would be a competency commonly associated with successful people? An ability to work well with others in a variety of settings A desire to do tasks better than they have to be done An ability to solve problems creatively in team settings Well-developed written and oral communication skills All of the above Question 17.17. (TCO 1) The distinction between current liabilities and long-term liabilities can be made based upon the amount owed. due date of the debt. interest rate charged. financial situation of the creditor. current economic conditions. Question 18.18. (TCO 1) Personal balance sheets can be used to analyze future income and expenses. the net worth of an organization. the cash flow of an individual or a family. debt payment activities. what an individual or family owes and owns. Question 19.19. (TCO 1) When a person's actual expenses are less than planned expenses, this means that a person or family has a _____. budget deficit. negative net worth budget surplus positive net worth net income Question 20.20. (TCO 1) An example of a variable expense would be rent. an installment loan payment. a monthly parking fee. a mortgage note payment. a telephone bill.
which is an advantage of corporations relative to partnerships and sole proprietorships?a lower taxes.b harder to
what does the bank balance sheets look like? Distinguish between required and excess reserves.
Estimate the value of Roban Corporation's entire company by using the free cash flow approach.
What will be the annual net savings? Assume that the T-bill rate is 2.4 percent annually.
what are the benefits of the jit inventory control
If you expect that the interest rate will be 8% 5 years from now, what is your potential gain or loss if your expectation is correct and interest rates are 8% after 5 years?
You are a hard-working analyst in the office of financial operations for a manufacturing company that produces a single product. You have developed the following cost structure information for this corporation.
First USA Bank offers to lend you $10,000 at an APR of 6%, with interest paid monthly. Bank of Delaware offers to lend you the $10,000, but it will charge 7% APR, with interest paid at the end of the year. What are the effective annual rates (EAR)..
How long will Austin have to use the system to justify the additional expense over the conventional model and discount future cash flows before calculating payback and round to a whole year.
The number of employees is used as the allocation base for all service department costs. Calculate the total service department cost allocated to each production department P1.
Jack Hammer that invests in a stock that will pay dividends of $2.00 at end of 1st year; $2.20 at the end of 2nd year: and $2.40 at the end of the third year.
You own a $222,000,000 portfolio that is invested in Stocks A and B. The portfolio beta is equal to the market beta. Stock A has an expected return of 18.7 percent and has a beta of 1.42. Stock B has a beta of 0.88. What is the value of your inves..
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