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Teaching Since:	May 2017
Last Sign in:	286 Weeks Ago, 3 Days Ago
Questions Answered:	27237
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MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010

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Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017

Category > Accounting Posted 08 Dec 2017 My Price 10.00

purchase of long-term growth funds

Question 1. 1. (TCO 1) Which aspect of financial planning deals with the purchase of long-term growth funds such as stocks? (Points : 4)

       Borrowing
       Spending
       Managing risk
       Investing
       Retirement and estate planning

Question 2. 2. (TCO 1) Jack Johnson is interested in purchasing new furniture that currently costs $2,000. He is not sure if he can afford the furniture now, but is afraid the cost of the furniture will increase to $3,000 in 6 months. Which type of risk is Jack worried about? (Points : 4)

       Inflation risk
       Interest rate risk
       Income risk
       Personal risk
       Liquidity risk

Question 3. 3. (TCO 1) Which step in the financial planning process is demonstrated by a decision in which Royanne must choose between working additional hours beyond 40 a week to earn money for a European vacation and have money left over versus continuing to work full time with the possibility of not getting any time off to travel? (Points : 4)

       Determining her current financial situation
       Developing her financial goals
       Identifying alternative courses of action
       Evaluating her alternatives
       Implementing her financial plan

Question 4. 4. (TCO 1) When retirement contributions made on your behalf where you work fully belong to you even if you leave the company, this is called the point of (Points : 4)

       networking.
       vesting.
       a tax-deferred benefit.
       a tax-exempt benefit.
       break even.

Question 5. 5. (TCO 1) Through research, Martin Jones has learned that the housing market will begin to pick up over the next few years, creating the need for more real estate agents. This is an example of _____ influencing jobs in the future. (Points : 4)

       demographic trends
       economic conditions
       industry trends
       geographic trends
       educational trends

Question 6. 6. (TCO 1) This month, Ken Grossman has cash inflows of $3,500 and cash outflows of $2,350, resulting in a (Points : 4)

       balanced budget.
       surplus of $1,150.
       deficit of $1,150.
       surplus of $3,500.
       deficit of $2,350.

Question 7. 7. (TCO 1) Sherry O'Neal is interested in opening a savings account and her bank offers several types. Her main concern is that she wants to have the ability to withdraw her money whenever she wants. She has an interest in opening an account that is best categorized as (Points : 4)

       money management.
       an opportunity cost.
       a limited asset.
       a liquid asset.
       net worth analysis.

Question 8. 8. (TCO 1) An example of _____ is a situation in which you would use a software program to help track your spending each week. (Points : 4)

       money management
       an opportunity cost
       a balance sheet
       creative accounting
       electronic analysis

Question 9. 9. (TCO 2) An example of _____ would involve a situation in which Judy Smith and Tom Smith each write their daughter a check for $12,500 for graduation, instead of giving her one $25,000 check, so they will not have to pay a gift tax. (Points : 4)

       fraud
       tax evasion
       tax exclusion
       tax avoidance
       tax-deferred income

Question 10. 10. (TCO 2) A _____ is an employer-sponsored program that allows a taxpayer to cover medical and child care costs. (Points : 4)

       tax credit
       tax deduction
       flexible spending account
       tax-deferred investment
       tax-exempt investment

Question 11. 11. (TCO 2) A savings account earns 3.5%. If the saver is in a 28% tax bracket, the after-tax savings rate of return would be _____. (Points : 4)

       3.5%
       2.52%
       4.00%
       .98%
       2.25%

Question 12. 12. (TCO 2) The most liquid type of account would be a (Points : 4)

       certificate of deposit.
       checking account.
       money market account.
       brokerage account.
       share of stock.

Question 13. 13. (TCO 3) One disadvantage of a store-based gift card is that it (Points : 4)

       looks nothing like typical debit cards.
       has decreased in popularity since the mid-1990s.
       works the same as a credit card.
       may be eroded by fees and eventually expire.
       is currently being used for very limited purposes.

Question 14. 14. (TCO 3) If Jerry Rickland is applying for a loan and the bank determines that he owns a home worth $175,000 and a vacation home worth $125,000, the bank is examining which of the five Cs? (Points : 4)

       Character
       Capacity
       Capital
       Collateral
       Conditions

Question 15. 15. (TCO 3) When Matthew Lee reviews his credit report, he should be able to find (Points : 4)

       the address of the house where he lived in as a child.
       a loan for furniture he paid off 12 years ago.
       the outstanding balance on the Visa card he has today.
       the names and addresses of his grown children.
       the fact that he was late paying his electric bill 8 years ago.

Question 16. 16. (TCO 3) A _____ will tend to work more with a borrower if he or she is facing legitimate payment problems. (Points : 4)

       credit union
       payday advance company
       finance company
       department store
       commercial bank

Question 17. 17. (TCO 3) Newton Jones made a 20% down payment of $15,000 on a new car. This is an example of _____ in order to reduce lender risk. (Points : 4)

       sharing the interest rate risk with his lender
       pledging valuable assets that can be seized if the loan is not repaid
       taking a larger stake in the asset he is purchasing
       repaying the loan over a faster period of time
       None of the above

Question 18. 18. (TCO 3) _____ is/are the primary reason(s) why consumers default on their debts. (Points : 4)

       Medical expenses
       Defective goods and services
       Excessive use of credit
       Fraudulent use of credit
       Consumer fraud

Question 19. 19. (TCO 5) When researching current price information for a bond or stock investment, the most readily available source of information for most consumers can be found within (Points : 4)

       the daily newspaper.
       government publications.
       corporate reports.
       investor newsletters.
       business periodicals.

Question 20.20. (TCO 5) If Chris is considering an investment in a pool that is managed by professional managers, most likely he is interested in investing in (Points : 4)

       common stock.
       preferred stock.
       corporate bonds.
       real estate.
       mutual funds.

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Status NEW Posted 08 Dec 2017 02:12 PM My Price 10.00

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