An increase in corporate bonds purchased is not an example of fiscal policy
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A profit-maximizing monopoly’s total revenue is equal to a. p5 × q3. b. (p5 − p4) × q3. c. (p5 − p3) × q3. d. p4 × q5.
What do you understand by Casual Income? How are they treated under the Income Tax Act?
What is the result of an increase in accounts payable during a period? Expenses on an accrual basis are greater than expenses on a cash basis. Revenues on an accrual basis are less than revenues on a cash basis. Expenses on an accrual ...
Production and sales estimates for June are as follows
A New York City daily newspaper called Manhattan Today charges an annual subscription fee of $216. Customers prepay their subscriptions and receive 200 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay ...
As a rule, during “tight money” periods: Multiple select question. availability of long term funds should not be affected. rates on short term loans may become very ...
Purchase land for cash: A. has no cash flow effect. B. represents a cash outflow. C. represents a cash inflow.
Paid cash dividend to shareholders: A. represents a cash inflow. B. has no cash flow effect. C. represents a cash outflow.
Lending money and collecting the loans are: A. Non-cash investing and financing activities. B. operating activities. C. financing activities. D. investing activities.
Jesse works for an engineering firm earning $54,000 per year. Jesse is 53 years old and plans on retiring at age 65. He’s considering working part-time so that he can work on another degree. His new degree would take him ...
In order to go to college, Hank goes from working full-time making $28,000 per year to working part-time at half the salary for two years. The cost of his education will be $5,000. If Hank makes $33,000 per year after ...
Frank and Lynn are co-workers getting paid the same salary. They both decide to quit their jobs and start going to school on the same day. Frank gets a degree after just 18 months and spends $6,500 dollars on his ...
Ted is a single guy who’s living the good life. The spreadsheet below shows Ted’s cash flow for a month. Based on his monthly cash flow, explain what part of Ted’s financial plan might be missing and why.
Barry gets hurt at work and must go on disabililty for 4 months. On disability, the pay that Barry receives is 60% of his normal net pay. Barry should be fine if he has a plan for _____.
Tamara earns $8 an hour at her job working 25 hours per week. If 22% of her paycheck goes to taxes, what is Tamara’s monthly cash inflow? (Assume this is her only source of income and that there are 4 ...
Kyle and Linda are married with two children at home and a mortgage. Kyle’s net pay per year is $32,000 and Linda’s is $48,000. Their monthly expenses are $3,500. Kyle and Linda each contribute 15% of their earnings to a retirement ...
What is one question an investor should ask when deciding whether or not they would like to open a Roth IRA or a Traditional IRA? Do I want to make a guaranteed return of 6% or 8% ? Do I want to ...
Why is it useful to have your bank account and routing numbers when using tax preparation software?
Your salary is one thing to consider when reviewing a job offer but benefits are also important. Which of the following would not be a part of your benefits package? a) matching contributions to a retirement accountb) healthcare insurancec) ...
What is a key strategy commonly employed in online financial education to enhance learning and engagement? a. personalized and learning paths b. VR simulations c. peer-to-peer learning d. microlearning
Which of the following developments in Europe in the sixteenth and seventeenth centuries most directly helps to explain the presence of the scholars shown in the image of China? A. The Inquisition led to the expulsion of enemies of the Catholic ...
Your financial choices can have a sustainable impact when they are based on your ________. habits values intuition feelings
Which is NOT a positive reason for using a credit card to finance purchases? a) Paying it off on time can help build your credit history b) You can get rewards and discounts. c) You can buy something you need ...
Benefits to paying the full balance of your credit card each month include: a) Paying more in interest b) Decreasing your credit score c) Not having late fees d) Increasing your credit score
What will happen to your credit score if you do not manage your debt wisely? a) You won’t be able to track your credit score b) Your credit score will go up c) Your credit score will go down d) ...
To maintain a good credit score you must ______. a) manage your debt wisely. b) check your credit score every week. c) have credit monitoring. d) have many open credit cards.
Which of the following is NOT a feature that makes a secured loan less costly than an unsecured loan? a) A high interest rate b) Collateral c) Less risk for the financial institution d) All of these are correct
Which of these items is NOT important to consider when selecting a credit card? a) Annual Percentage Rate (APR) b) The look of the credit card c) Credit limit d) Penalties and Fees
Which item is important to consider when selecting a credit card? a) Annual Percentage Rate (APR) b) Fees c) The look of the credit card d) Both APR and fees
Using a loan could help with the purchase of which of the following? a) a new telivision b) a dream wedding c) a house d) airline tickets to your dream vacation
What option will NOT be available if you are behind on loan payments? a) A financial institution may offer for you to pay a little now and pay the rest after your next pay day. b) You can borrow money from ...
Explain why diversification is such an important concept when it comes to investing for your future.
You can remain on your parents’ health insurance plan until you’re: A. 21 years old B. 25 years old C. 26 years old D. 29 years old
HDHP insurance with a health savings account can save you money on what? A. Premiums B. Deductibles C. Claims D. Copays
What’s the payment you make each time you visit the doctor? A. Claim B. Copay C. Premium D. Liability
You should buy a life insurance policy that’s _______ times your annual salary. A. 6-8 B. 10-12 C. 12-15 D. 8-10
Life insurance guarantees your loved ones get a certain amount of money when you _________________.
If you’re young and healthy, medical insurance is not as necessary. True or False?
Insurance helps you transfer the _________ from your bank account to the insurance company.
Review Question: Explain why saving money with a state minimum auto liability insurance policy generally isn‘t the best idea.
Your financial choices can have a sustainable impact when they are based on your ______ habits values intuition feelings
The “decision model that computes the difference between the present value of the investment’s net cash inflows, using a desired rate of return, and the cost of the initial investment” is best described by which of the following terms?
“CMC Pictures” believes that they can break the $2M gross revenue barrier in couple of years by adding “drama” genre movies to their portfolio. To that end, which of the following big guns of analysis can they use to predict ...
“Aloha Releasing” wants to expand its genre offering. To that end, they want to hire a well-known action director. Aloha’s problem is that they want to ensure that the studio and director’s incentives are well aligned. Which of the following ...
Let’s say you want to build a logic tree, for the question “how do genre and distributor impact gross revenue”. Use “genre” as the first node of the logic tree, followed by “distributor” and “movie”. Which of the following will ...
Your grandparents are excited to hear that you are taking a personal finance course. After hearing about it one evening, your grandmother wanted clarity on the following question as she has heard conflicting reports. Which of the following is required ...
Investments with longer payback periods are more desirable, all else being equal.