What table would you use to calculate the value of this contract in today's dollars? Transcribed image text: The cash flow statement reports a person's or family's A net worth. The cash flow statement reports a person's or family's. current income & payments. In the balance sheet, a(n) ________ in assets ________ net worth. The personal cash flow statement measures. Josh has decided to take a course at the local community college that could help him get a promotion at work. Jerry has assets of $200,000, a net worth of $150,000, and an annual income of $100,000. ** Sold $1,345,434 of merchandise (that had cost$975,000) on credit, terms n/30. Determine basic and diluted earnings per share for Witter House in 2017. Cash inflows tend to be the highest in which of the following? By establishing high and unrealistic financial goals, you will probably, Goals with a time frame of between one and five years are classified as. Which of the following is correct? Creating a cash flow statement requires that you determine. Insolvency is a result of having an unequal balance of tangible and intangible goods. If he has a 15% marginal tax rate and the contribution is tax deductible, Jake will, For qualified individuals, a contribution to a traditional IRA (Individual Retirement Account) is a(n), Reductions of gross income for such items as individual retirement accounts (IRAs), moving expenses, and student loan interest payments will result in, The standard deduction (assuming you are not over 65 or blind) is largest for, The filing status that yields the largest standard deduction per taxpayer is. Her expenses are $400 per month rent on her apartment, $100 per month for food, and $100 per month for utilities. Which of the following is not correct? Current income and payments. Jessie has $4,000 in a bank account, $2,800 in a 401(k) plan at work, a car with a current value of $28,000, and a house that she purchased for $92,000 that has a current value of $118,000. ** Wrote off $18,300 of uncollectible accounts receivable. Lucky Louie just inherited $50,000 from his great aunt, has $1,500 in his checking account. The dining area should be painted in a neutral color. Required: 1. Which of the following decisions would involve the use of the present value of a $1 ordinary annuity table? \end{array} & \begin{array}{c} cash inflows and outflows. Which of the following is a credit management decision? C) plan for borrowing. Which of the following would be a long-term goal? $$ A) increase. The cash flow statement reports a person's or family's A) net worth. Which of the following financial documents would most likely be stored in a home file? A personal cash flow statement is usually the starting point for an individual's or family's. budget. View M2Assignment.pdf from FINC 2400 at Auburn University. C value of investments. The financial crisis of 2008-09 affected the financial position of individuals in all of the following ways except which of these? Round amounts to the nearest dollar. Given the following, what is the individual's net worth? If both a husband and wife are employed, their consumption will tend to. B) liabilities. cash used for expenses. Which of the following. Personal finance does not include the process of planning your, A personal financial plan specifies financial goals and describes. For most people, the first step in finding where their money goes each month is to correctly, Your cash outflows are the same as your liabilities such as the amount you owe on your car or, ) The primary goal of financial planning is to, The personal cash flow statement measures, The cash flow statement reports a person's or family's, Creating a cash flow statement requires that you determine, Jim has $1,000 income from his job and $200 stock dividend income this month. If you invest $12,000 today at an interest rate of 10%, how much will you have in 10 years? If Bill currently saves $6,750 annually, how much more will, If Jo Ann has $4,000 in liquid assets and $1,000 in current liabilities, her liquidity ratio is. Which of these statements is true with regards to the 2008-2009 financial crisis? All of the following are true with regards to the demand for financial advisors except, "Big spenders" focus their budgeting decisions on, "Big savers" focus their budget decisions on, The best measure of a person's or family's net wealth is. Weegy: (-2 x y + 3 x) - (2 x y + 3 x) = -4xy; or -2xy + 3x - 2xy + 3x = 6x - 4xy. d. The car rolled down the hill because it was left in neutral. Gross income and adjusted gross income can be the same if you do not have any special adjustments. **a. Yogi Berra Jr. has agreed to play for the New York Mets for $4 million per year for the next 10 years. Course Hero is not sponsored or endorsed by any college or university. She also has the following, Allison anticipates an additional car expense two months from now of $400 for new tires that. Question 12. A cash flow statement reports a person's or a family's. Creating a cash flow statement requires that you determine. Few countries have remained neutral for long periods of time. (1) Determining how the worth of an investment changes with changes in one If you are a married taxpayer, you may use the ________ filing status. As your income, Bill's annual savings rate is 9%. What table would you use to calculate the value of this contract in today's dollars? B current income and payments. What is each part ner's share of a net income of $12,852? 3) Creating a cash flow statement requires that you determine. Which of the following is not a legitimate itemized deduction? Which of the following is not an appropriate approach to solving the problem of an annual budget deficit? Which of the following will not increase your liquidity ratio? If you have current assets of $20,000 and current liabilities of $10,000, then you. Thomas has a full-time job and pays his brother for rent and utilities. An expense that could be included in the itemized deductions of a taxpayer is. Which item below cannot be taken as an itemized deduction? If spending exceeds the amount of your income over a period of time, your best option is probably to. In budgeting, it is useful to compare ________ with the budgeted amounts to determine the accuracy or error of the budget and adjust it as necessary. Question 8 The cash flow statement reports a person's or family's A value of investments. A. Her deductions for federal and provincial taxes, CPP. If you do not budget for unexpected expenses in a given month, you will likely experience a(n). B) current income and payments. How many exemptions can he claim on his tax return? If I deposit a sum of money today and wish it to double in 10 years, I will need to receive an interest rate of slightly above ________. (b) Sensitivity analysis Prepare journal entries to record Liang's 2016 and 2017 summarized transactions and its year-end adjustments to record bad debts expense. a person's inability to pay his or her debt. E. avoiding the use of consumer credit., A home file should be used for: A. storing . Which of the following would not be a factor in evaluating your current financial position? The solution that resulted from the experiment was neutral. Personal records current budget, cheque book(s) and bank statements. Margaret also has a credit card debt of $15,000. Many individuals tend to ________ their cash inflows and ________ their outflows. \text { CEO Pald More } \\ (c) Risk analysis The time value of money implies that a dollar received today is worth ________ a dollar received tomorrow. A complete financial plan contains all of the following categories except. Information can be easily found on Web sites that will assist you in determining all of the following except. Which of the following is not a type of decision to manage your liquidity? A person's net worth would increase as a result of, The net worth of an individual or family can be increased by, The best measure of a person's or family's wealth is, If your cash outflows are $600 and your cash inflows are $1,000, you can increase your net worth by. Creating a . A 10% discount on the purchase is offered to the customer at the time of the credit application.The time required to complete a credit application is evenly distributed, taking anywhere from four minutes to ten minutes. C) cash inflows and outflows. Jake invested $800 in an IRA. She could, The current financial position of an individual or family is best presented with the use of a, Your current liquidity ratio is 2.0. B) liabilities. If your current debt to asset ratio is 50%, which of the following will increase it? C) plan for borrowing. After which word should you pause? Jerry is divorced and has two children that live with him. C) plan for borrowing. If your monthly disposable income equals $1,500 and you currently save $500/month, your savings rate is ________. I would need help in the creation of a chart for petty cash transactions listed below. Please do not hesitate to let me know if you need more info. C) plan for borrowing. To determine how long it would take an investment to double at 10 percent, you could scan down the 10% column until you reach a factor of approximately 2.0 on the ________ table. ________ are specific expenses instead of a standard amount that reduce adjusted gross income. c) current income and payments. Most investments are subject to ________, which is the uncertainty surrounding their potential return. Which of the following is not a true statement about mutual funds? During his ________ your Uncle Harvey decides to cut you out of his will. The difference between the amount budgeted and the actual amount is called a, If a family planned to spend $370 for food during March but only spent $348, this difference, A budget deficit would result when a person's or family's. True. Which of the following actions will not increase your net worth? (2) Determining probabilistic statements about the worth of an investment based Which of the following, A fiveyear nonredeemable GIC is classified as a(n) _______________ asset on the personal. Which of the following is not a tax filing status option? Determine intervals of increase and decrease and intervals of concavity for the given function. D) minimize financial risk., The personal cash flow statement measures A) the rate of cash flow. D) market value of investments. Jane purchased General Motors stock seven years ago for $20,000. A. subtracting total liabilities from total assets. c. The counselor has remained neutral throughout the dispute. This month Jim has rent and utilities of $300 and he spent $300 on groceries and $200 on clothing. Which of the following situations is a person who could be insolvent? Payments that do not vary from month to month are ____________ expenses. A) assets. George is 65 years old. What are Jerry's liabilities? Property such as a person's home, car, and furniture is called, The amount you would receive if you sold an asset today is called the asset's, Investment assets include all of the following except. Which of the following tables should he use? Budgeting helps set goals by estimating ________ on a monthly basis to determine how much to save and spend. The cash in your wallet, your checking account balance, and your savings account comprise your ________ assets. Study with Quizlet and memorize flashcards containing terms like 1. Which of the following is not a decision that you would probably encounter in managing your budget? Which one of the following conducts senate meetings when the vice Martha studies all the kinds of leaves she can find in order to which describes a candidate that comes off well in the media. If you take money out of your savings account to pay off a, If you sell stock from your portfolio to pay off your car loan, your debt ratio of 0.5 will, Margaret has $5,000 in her checking account, a home with a market value of $175,000, and, Nancy has $40,000 of annual disposable income and saves $8,000 a year. MACRS depreciates automobiles in 6 years according to six fixed percents: 20% the first year, 32% the second year, 19.2% the third year, 11.52% the fourth and fifth years, and 5.76% the sixth year. Read the following sentence. D) None of the above; the employment of spouses is unrelated to consumption behavior. Your net worth will not be increased by which of the following actions? When a person owns corporate stocks, government or corporate bonds, or mutual funds, An investment company that sell shares to individuals and then invests the proceeds in stocks. To save for her newborn son's college education, Kelli Peterson will invest $1,500 at the end of each year for the next 18 years. This is true because. Terms The highest tax rate a taxpayer is charged on his or her federal tax return is called the ________ rate. A budget is a record of how a person or family has spent their money. User: What does Weegy: The kingdom described in "The Lady, or the Tiger " is mythical. Which of the following statements about stocks is not true? Under a direct deposit system the bank will make an automatic debit from you bank account and, "Sharing the bills" is a budgeting strategy for twoincome households where each partner. C) cash used for expenses. balance of savings. To calculate your net worth, you need to know your: The main purposes of personal financial statements are to: Which of the following financial documents would most likely be stored in a safety deposit, D. Birth, marriage and death certificates. Michael's filing status is, Stephanie, who was divorced in 2012, had filed a joint tax return with her husband in 2011. a. C) cash inflows and outflows. Opportunity costs are not only associated with money management decisions involving longterm, Financial records that may need to be referred to on a regular basis should not be kept in a safety. B) current income and payments. B) expenses. B) cash outflows. or more parameters 1. Budgeting The cash flow statement reports a person's or family's A) net worth. 8) Creating a cash flow statement requires that you determine. Insurance planning is not designed to protect your wealth in which of the following ways? (3) Determining the indifference value of a particular parameter. Sandy wants to know how much she needs to save today to have $5,000 in five years at a 7% interest rate. He has $1,000 in current liabilities. B) liabilities. Question 9 5 5 points The cash flow statement reports a persons or familys from ACCOUNTING 1909 at Ashworth College A(n) ________ is a forecast of your future cash inflows and outflows. He supports his father who is 90 years old, blind, and has no income. This answer has been confirmed as correct and helpful. Corporate _______ refer(s) to a corporation's responsibility to be a positive force in the community. plan for spending. B) current income and payments. C. storage facilities to make financial documents easily available. A person's net worth would increase as a result of. Which of the following financial documents would most likely be stored in a safety deposit box? exemption of $3,800.00. Bill's annual savings rate is 9%. Jakob received a $1,000 a year raise in January, sold stocks in March for $6,000 that were originally purchased for $4,000, and in July had a $100 monthly increase in mortgage payments on an adjustable rate mortgage. LIST THE SIZ COMPONENTS OF A FINANCIAL PLAN. C) plan for borrowing. What was the total impact on Jakob's cash flow for the year? B) current income and payments. The primary goal of financial planning is to. The act of determining how wealth will be distributed before or upon death is. What filing status should Jerry claim on his tax return? Jerry is divorced and has two children that live with him. Which of the following is not one of these special adjustments? 2.1 Personal Cash Flow Statement. B) Current income and payments. 2) Salary or wages are the only cash inflows for working people. Your financial plan is usually strongly influenced by, Since career choices affect your income, you should choose one. Which of the following is not a true statement about mutual funds? Which of the following are considered to be personal financial statements? It shows the difference between the . (a) Breakeven analysis Which statement is true? compounding as it applies to a lump sum or single money amount, compounding as it applies to periodic deposits--stream of equal payments that are recieved/paid at equal intervals in time, Fundamentals of Financial Management, Concise Edition, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. During the past year, Fritz spent $3,000 to take a cruise, bought stock costing $5,000 that by year-end had increased to $6,000, and paid off a credit card of $3,500. ). D plan for borrowing. Takehome pay is a person's earnings after deductions for taxes and other items. If Nancy adheres to this savings plan, how much would she have available each month for a car payment. Which of the following would not help protect you from unethical or incompetent advice from a financial adviser? The personal cash flow statement measures A) cash inflows. ***2016*** B) current income and payments. B. actual expenses are greater than planned expenses. ________ management involves decisions regarding how much money to retain in a liquid form and how to allocate funds among short-term investment instruments. Which item on his. Which of the following can be deducted from your taxes even if you do not itemize? What is he solving for using his financial calculator? The tax method that uses the principle of taxing those more who earn more is called ________ taxation. The cash flow statements for an individual show a person's income and expenses. Q. the earnings on savings. Log in for more information. This year she also had medical, expenses of $2,000.00. The primary goal of financial planning is to. The companys net income was$150 million and $160 million in 2016 and 2017, respectively. Interest income would come from earnings on, Income earned from the sale of an asset for more than you paid for it is classified as a(n), If you were to receive $100,000 from a corporation, the most tax-efficient way to receive it would be as. Therefore, he has ________. C) plan for borrowing. As part of its executive compensation plan, at January 1, 2015, the company had issued 30 million executive stock options permitting executives to buy 30 million shares of stock for $10 within the next eight years, but not prior to January 1, 2018. $5,950.00 is allowed. C. Find a place to live with a lower rent. Sally's adjusted gross income is $38,000.00. Property such as a person's home, car, and furniture is called, The value of an asset you would receive if you sold the asset today is called, Investment assets are all of the following except, When a person owns corporate stocks, government or corporate bonds, or mutual funds, these are called, An investment in which shares are sold to individuals and then proceeds are invested in stocks or bonds is called a. A personal statement of cashflow measures cash inflows as well as cash outflows. Total earnings of a person less deductions for taxes and other items is called, A common deduction from a person's paycheck is for, This year Taylor's gross income is $70,000. Money received today is worth more than the same amount of money received in the future. Which of the following it not an annuity? Purchasing which of the following items on credit will help reduce your tax bill? maximize wealth. His deductions for federal and provincial taxes, CPP, During the last month, Astrid had expenses of $6,000 and an increase in net worth of $100. What is Allison's net cash flow for the current month? Improvements in a person's financial position are the result of: To determine a person's solvency, which financial document should be consulted? Definitions 7) The cash flow statement reports a person's or family's. A) net worth. During its first two years, the company completed a number of transactions involving sales on credit, accounts receivable collections, and bad debts. Current liabilities are amounts that must be paid within a short period of time, usually less than a year. The course begins at 5 p.m. and goes until 9 p.m. on Monday nights. **Required** The cash flow statement reports a person's or family's A net worth. Cash flows are affected by financial planning decisions. 6) The personal cash flow statement measures. b. What action should Allison take? If you are interested in achieving a long-term savings goal, then. Your decision about one component of your financial plan can affect all other components. Study with Quizlet and memorize flashcards containing terms like The primary goal of financial planning is to A) increasing earnings. Which of the following is the correct method for starting with gross income and computing taxable income? Which of the following tables should she use? Which of the following payments would be considered a variable expense? Potential investments include all of the following instruments except. She also has the following monthly expenses: Rent, $750; student loan payment, $200; utilities, $150; food, $300; recreation, $600; car expenses, $200; clothing, $150. C) cash inflows and outflows. TRUE. D) value of investments. If Kim's current debt ratio is 45%, this means that ________ of Kim's assets are purchased. The difference in the outflows and inflows ,that is, the net flows of cash over a particular period is also measured by the personal statement of cashflows.Net cash flow on personal statement of flows of cash is related to the net worth on the personal statement of financial position. ________ allows access to funds to cover any short-term cash deficiencies. Which of the following is not a cash outflow? C) cash used for expenses. Which of the following is an example of an opportunity cost? Bloomberg Businessweek recently published a survey that looked at CEO pay at big businesses and whether or not shareholders gained money. $$ If a stock was purchased for $5,000 in January 2010 and is sold in December 2010 for $3,000, a ________ of $2,000 results. \text { CEO Pald Less } \\ $\hspace{15pt}2$. A cash flow statement that is based on forecasted cash flows for a future time period is called a(n). If you have a cash deficiency this month, which of the following is the least desirable source from which you may obtain the necessary funds. (D) net worth. f(x)=x^3-3 x^2+2 Cash inflows tend to be higher for younger individuals and lower for individuals in their 50s. The cash flow statement reports a person's or family's A) net worth. $\hspace{15pt}1$. This, The main purpose of a budget is to help you, Anne spends a total of $2,000 a month to cover all living expenses. If you have a salary of $30,000, an IRA deduction of $2,000, a standard deduction of $4,400, and a FICA rate of 7.65 percent, how much did you pay in FICA this year? This month, Jim has $1,000 of salary and $100 of dividend income this month. Nancy is considering the purchase of a new car, but also is very determined to save at least 50% of any budget surplus each month. Which of the following presents a summary of income and outflows for a period of time? In addition he baby-sits three other children in the evenings and has a cat and two dogs. The fair value of the stock was $12 per share on the grant date. If your net cash inflows exceed your net cash outflows, you can increase your net worth by investing the difference in more ________. Creating a cash flow statement requires that you determine A) Assets B) Liabilities C) Cash used for expenses The concept that a dollar received today has more value than a dollar received in the future because of the interest it can earn is called the ________. In 2012, she sells the stock for $35,000. Get access to all 7 pages and additional benefits: A company's earnings are $3.00 per share, its dividend is $2.00 per share, and its stock price is $30.00 per share. Determining taxes requires you to address all of the following topics except. FICA taxes include two components, which consist of. The cash flow statement reports a person's or family's A) net worth. Her savings rate is, If you save the same dollar amount from each paycheck during your career as your income increases, your savings rate will. The cash flow statement reports a person's or family's __________ . Which of the following usually affects cash inflows the most? If a company is randomly selected from the list of 20 studied, what is the probabilityThe shareholders lost money or the CEO made more than $1 million? Allison expects her monthly cash inflow after taxes to be $3,000. A cash flow statement reports a person's or a family's. Question and answer. Which of the following statements is not true regarding education and financial position? Liabilities are cash and items of value that can be easily converted to cash. Several retail stores issue their own credit cards. Thomson Home Furnishings Co. discounts the note at $7\%$\ In which sentence does neutral have the same meaning as it does in the sentence above? Question 4 of 20 5.0/ 5.0 Points The cash flow statement reports a person's or family's __________ . In 2012, self-employed individuals pay FICA taxes at a rate of. ) All of the following affect cash outflows except, If both a husband and wife are employed, their consumption will tend to, A personal cash flow statement is usually the starting point for an individual's or family's, The most common error people make is to underestimate cash inflows and overestimate cash, Forecasting for more than a month at a time is not helpful because you can't plan for, Getting financial help from family and friends is easy and should be your first option in case, A cash flow statement that is based on forecasted cash flows for a future time period is called. Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Fundamentals of Financial Management, Concise Edition, Daniel F Viele, David H Marshall, Wayne W McManus, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. What is he solving for? An individual retirement account is an example of a(n) ____________ asset. Jeff has a $1,000 salary and a $100 dividend income this month. Your net worth can change even if your net cash flows are zero. Jerry has assets of $200,000, a net worth of $150,000, and an annual income of $100,000. B) cash outflows only. I hope you are doing well. WINDOWPANE is the live-streaming app for sharing your life as it happens, without filters, editing, or anything fake. After your financial plan is developed it should be, The primary goal of financial planning is to, The personal cash flow statement measures, The cash flow statement reports a person's or family's, Creating a cash flow statement requires that you determine. If Lynn and Robert file a joint return, how many exemptions may they claim? Why is it important to monitor your debt level? U-Build It Warehouse issues a $45$-day note for $\$800,000$ to Thomson Home Furnishings Co. for merchandise inventory. In preparation of her 2012 tax return, Stephanie should file as, All reportable income from any source is called, Gross income includes all of the following except. Finance questions and answers. All of the following are types of nontaxable income except. The shares vest four years later. During 2012, she did not remarry and continued to maintain her home in which her three dependent children lived. B. changing economic conditions that affect a person's cost of living. B) current income and payments. The process of obtaining ________ values is referred to as compounding. \text { Than \$1 Millon } Most Canadians have an adequate savings for emergencies. Lucky Louie has the following cash inflows and outflows: $500 rent, $200 car payment. D. tradeoffs associated with financial decisions. B. Which of the following is not an asset you might find on a personal balance sheet? \hline & \begin{array}{c} The income in your budget is not affected by. What is his net cash flow this month? In an effort to actually see what, ____________ is the recommended budgeting strategy for dual income households where the, Jennifer, a recent Concordia graduate, is struggling to pay off her $15,000 student loan. Current liabilities differ from longterm liabilities based on, Ben Chase needs to pay off some of his debts over the next few months. How much should Melanie deduct on her tax return? Study with Quizlet and memorize flashcards containing terms like Opportunity cost refers to: A. current spending habits. A. current income and payments B. net worth C. plan for borrowing D. value of investments. C) plan for borrowing. How much interest will he earn on his investment during this time period? If you have liquid assets of $20,000 and current liabilities of $10,000, then you, A family with $45,000 in assets and $22,000 in liabilities would have a net worth of, David's liquidity ratio is 3.0. A cash flow statement reports a person's or a family's. A cash flow statement reports a person's or a family's current income and payments. Allison expects her monthly cash inflow after taxes to be $3000. A family with $80,000 in assets and $22,000 of liabilities would have a net worth of: A person with $80,000 in assets and $122,000 of liabilities would have a net worth of: This year Phil's gross income is $80,000. citizenship bylaws mission statements hierarchy, Which Invention radically changed textile manufacturing? Taxpayers who are blind get the benefit of, When taxable income exceeds certain levels, the itemized deductions and exemptions, Legal methods of reducing your taxes include all of the following except. She could, The current financial position of an individual or family is best presented with the use of a, Your current liquidity ratio is 2.0. What is Jessie's current net worth? \text { Than } \mathbf{\$ 1} \text { MIlllon } During the past month, Jennifer Sinnet had income of $3,500 and a decrease in net worth of. These transactions are summarized as follows: If you take money out of your savings account to pay off a credit card your liquidity ratio will, If you sell stock from your portfolio to pay off your car loan, your debt ratio of 0.5 will, Margaret has $5,000 in her checking account, a home with a market value of $175,000, and stocks valued at $10,000. A person's lifestyle is a reflection of his or her values, goals, career, and family situation. \begin{array}{|lccr|} A stream of equal payments either received or paid at equal time intervals is a(n) ________. User: Given the formula K = LMN, Weegy: President pro tempore conducts Senate meetings when the vice president is unavailable. What is his cash inflow this month? Assuming the worker works and 8-hour day, has a total tax rate of 70%, an d receives a 5% contribution from his employer to his 401(k), what is the worker's total opportunity cost? ***2017*** The cash flow statement reports a person's or family's A) net worth B) Current income and payments C) Plan for borrowing D) Value of investments. Jennifer has assets of $100,000 and $10,000 of debt. C) stay the same. B) current income and payments. Which of the following is not subject to immediate taxation? Jennifer has assets of $100,000 and $10,000 of debt. A. Your financial position is highly influenced by all of the following except. $$. a. With a discount rate of 12%, what is the present value of your winnings? If a stock was purchased in January 2009 for $1,000 and sold in December 2010 for $3,000, a ________ of $2,000 results. Paying off a credit card with cash will have which of the following effects on net worth? The difference between an ordinary annuity and an annuity due is with an annuity due the payments occur at the ________ of each period. Which of the following is not taxable for income tax purposes? The increased mortgage payment was in effect the remainder of the year. View FINC 2403 M2 Assignment .docx.pdf from FINC 2400 at Auburn University. \end{array} & \text { Total } \\ Leveraged investing in common shares is expected to increase your net worth. answer choices. A) assets. D) market value of investments. Margaret's liquidity ratio is, Nancy has $40,000 of annual disposable income and saves $8,000 a year. Which of the following conditions will not afford you a tax advantage? Future and present values are dependent upon all of the following except, If you are presented with an offer to accept payment now or a greater amount in the future, you would use (assuming you can invest the money at a known rate), As the time period until receipt increases, the present value of an amount at a fixed interest rate. The accumulation of interest over time is called. The payment items that should be budgeted first are. According to her filing status, a standard deduction of. Stocks are considered liquid assets since they are easy to sell without a loss in value. Which of the following decisions would involve the use of the future value of a $1 ordinary annuity table? Present, Hello there. \end{array} A family with $70,000 in assets and $22,000 of liabilities would have a net worth of: Items with a monetary worth are referred to as: E. items that are easily converted to cash. Josh normally works until 5 p.m. each day, but because of the drive time to the community college, he will need to leave work at 3 p.m. on class days. the payment of the note at maturity. Josh currently earns $18.50 per hour. the issuance of the note.\ The kingdom described in "The Lady, or the Tiger " is 17. Nancy also has student loans on which she makes monthly payments of $200. C. D) cash inflows only., The cash flow statement reports a person's . His employer contributes 10% of Josh's gross earnings to a 401(k). If you own stock that has increased in price, it would be best to sell it after you have owned it for at least. If your income exceeds the amount you spend, you should ________ your investments or ________ loans. C) plan for A decrease in net worth would be the result of: B. expenses greater than income for a month. C) cash used for expenses. 2) The cash flow statement reports a person's or family's. A) net worth. Which of the following usually affects cash inflows the most? \hline \text { Shareholders made money } & 2 & 11 & 13 \\ Susie wants to know how much she needs to save today to have $5,000 in five years. Which tax form is generally used by taxpayers whose filing status is married, has no dependents, and whose taxable income if less than $100,000? Place your order now for a similar assignment and have exceptional work written by one of our experts, guaranteeing you an A result. Allison anticipates an additional car expense two months from now of $400 for new tires that she has not previously budgeted for. D) value of investments. The process of obtaining ________ values is referred to as discounting. 11) Cash outflows are also called. **c.** Received$669,200 cash in payment of accounts receivable. In the balance sheet, a(n) ________ in assets ________ net worth. a. Journalize U-Build It Warehouses entries to record:\ D) If Kim's current debt ratio is 45%, this means that ________ of Kim's assets are purchased on credit. D) All of these are part of the cash flow statement., 2. Describe how costs flow from inventory to cost of goods sold for the following methods: (*a*) FIFO. If you invest $12,000.00 today at an interest rate of 10%, how much will you have in 10 years? maximize wealth. Debts that are to be paid off within a year are called, Long term liabilities include all of the following except. The average price of the common shares was$12 and $15 during 2016 and 2017, respectively. Free essays, homework help, flashcards, research papers, book reports, term papers, history, science, politics The higher the rate used in determining the future value of an annuity. Which of the following could save a smaller proportion of their earnings to achieve the same level of wealth? She does not own a home but has charitable, contributions of $1,500.00 and interest on her car of $2,100.00. 1) For most people, the first obstacle is to correctly assess their true net income. Liang Company began operations on January 1, 2016. The current balance of her home mortgage is $81,000, she has one credit card with a $3,000 balance, and a school loan with a balance of $6,000. What is he calculating using his financial calculator? Most income tax documents and records should be kept in a safety deposit box. How much money will she have saved by the time her son turns 18? An example of a personal and employment document is a: A brokerage statement is an example of a(n) ____________ record. the ease of converting a financial resource into cash without a loss in value. B current income and payments. How much must you invest today at 8% interest in order to see your investment grow to $15,000 in 10 years? The cash flow statement reports a person's or family's. shepherd. a)Agriculture b)Writing c)Power Loom d)Steam Engine, Yogi Berra Jr. has agreed to play for the New York Mets for $4 million per year for the next 10 years. The interest rate she expects to earn on her investment is 9%. The future value of an annuity assumes that the payments are received. Present and future values concepts are applied to which of the following decisions except. Which of the following tables should she use? Creating a cash flow statement requires that you determine A) assets. **b. C) maximize wealth. Which of the following is not an example of a future value? Don wants to know how much he needs to save every year to amass $15,000 in five years at a 5% interest rate. Insolvency is the inability to pay debts by the due date, because liabilities exceed the value of, A person's net worth is the difference between the value of the items owned and the amounts, Furniture, jewelry, and an automobile are examples of liquid assets. Cash flows are affected by financial planning decisions. A personal cash flow statement can serve as the basis for the budget categories used by an. What is the annual depreciation for each of the 6 years for an automobile costing $28,000? Which cash inflow will probably be discontinued after retirement? Jim has $1,000 income from his job and $200 stock dividend income this month. Byron is investigating a mutual fund that claims that $1,000 today will be worth $5,000 in five years. 29 The reason for step 3 is A Substitution property B Definition of congruent, Up to 1932 the US government actively persecuted unions and their members The, Any bank that makes too many risky loans will fail 2 Women military of fi cers, InfoSec Lab 4 Performing Reconnaissance from the WAN.docx, b the investment in accounts receivable c bad debt expenses d level of liquid, IHP 330 Module Four Worksheet correct.docx, Expense accounts are deducted from revenue accounts to obtain net income or net, Calculating the value of GDP of two countries using the Purchasing Power Parity, A Ensuring that documentation is complete B Ascertaining any product support, D Explain Ask pupils instances where alphabetization is being used and what good, Guadalupe Diaz and Jasinski 17 questions and I just sort of basically told her, Assessment Version 4 CHCPRP001 Page 12 of 21 hm vhyh ymv hm vhyh ymv hm vhyh ymv, Question 7 1 1 pts Which type of analytics test applies business analytics to, Add Question Here Question 29 Multiple Choice 1 points Modify Remove Question. Round to the nearest dollar. D. tradeoffs associated with financial decisions. 5) The primary goal of financial planning is to. Corporations issue stocks for all of the following reasons except. The state lottery has just informed you that you have won $1 million to be paid out in the amount of $50,000 per year for the next 20 years. Which of the following decisions would involve the use of the future value of $1? If the class meets 16 times, what is Josh's total opportunity cost for the class? This month he also has. If expenses for a month are greater than income, an increase in net worth will result. D) value of investments. Present and future values concepts are not applied to which of the following? How many exemptions should George claim on his tax return? Which of the following decisions would involve the use of the present value of $1? D) value of investments. ________ is the process of forecasting future expenses and savings. The cash flow statement reports a person's or family's. current income and payments. When you own a house as a primary residence. C) cash used for expenses. on probabilistic values assigned to one or more parameters Which of the following is not considered an asset for a family? 100% (8 ratings) Solution: The cash flow statement reports a person's . Opportunity costs are only associated with money management decisions involving longterm, A cash flow statement is a record of how a person or family has earned and spent their money, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Fundamentals of Financial Management, Concise Edition, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. Her savings rate is, You save the same dollar amount from each paycheck during your career. To compute how much you would need to save each year for the next 25 years to allow you to withdraw $20,000 for the following 30 years, you would need to use the, To determine how much you would need to save each year to reach a specific goal, you would use. Which of the following does not protect your assets and/or income? The current financial position of an individual or family is best presented with the use of a(n). To qualify for "head of household" you must, If you are a surviving spouse, you may continue to use the married filing jointly tax rates unless. Medical expenses, clothing, and telephone are examples of fixed expenses. Jerry wants to know how much he needs to save every year to accumulate $15,000 in five years at a 10% interest rate. Aaron wants to put $200 per month into an IRA account at 15% for four years. In order to take advantage of the time value of money you should do all of the following except. To build your vocabulary skills, answer the following question. Your ability to access funds to cover any short-term cash deficiencies is your ________. Which of the following goals would be easiest to measure? ) \text { Shareholders lost money } & 4 & 3 & 7\\ Definite financial obligations are referred to as variable expenses. Which one of the following is a liquid asset? B) maximize cash inflows. Determine basic and diluted earnings per share for Witter House in 2016. View the full answer. She has, Janice spends a total of $1,500 a month to cover all living expenses. cashed used for expenses. A cash flow statement reports a person's or a family's current income and payments. $$, Match the terms in the first column with an appropriate definition from the second column. **h.** In adjusting the accounts on December 31, the company estimated that 1.5% of accounts receivable will be uncollectible. ________ management involves decisions regarding how much credit you need to support spending and which sources of credit to use. C. Creating a cash flow statement requires that you determine A) assets. This month Jim has rent and utilities of $300 and he spent $200 on groceries and $100 on clothing. Using this find what is the standard deviation of the process time? If your cash outflows are $600 and your cash inflows are $1,000, you can increase your net. Liquid assets refers to. B) liabilities. In 2016, Witter House began granting employees stock awards rather than stock options as part of its equity compensation plans and granted 15 million restricted common shares to senior executives at January 1, 2016. Which of the following statements about stocks is not true? Then sketch the graph of the function. The Crown family has a difficult time staying on a budget. What action would be appropriate? A budget will not do which of the following? Which of the following is not a liquid asset? B) plan for borrowing. Mr. Berkey invests $10,000 in a money market account at his local bank. 7) The cash flow statement reports a person's or family's. B) current income and payments. Which of the following gross income is not taxable income? If budgeted spending is less than actual spending, this is referred to as a deficit. wrote. Which of the following is an example of money management? Which of the following is not a step in developing a financial plan? The personal cash flow statement measures. The concept of time value of money is important to financial decision making because. Ed Bostrom wants to reduce his fixed expenses. A budget will not do which of the following? 9) Which of the following is not a cash inflow? Finance. B) current income and payments. The time value of money can be applied to all of the following except. Which of the following would be considered a longterm liability? The concept of time value of money is based on. \quad \text { Total } & 6 &14 &20 \\ C) maximize wealth. Go to Answer: Posts: 2986 Rep: 16 1 4 years ago 4 years ago The cash flow statement reports a person's or family's . What is Sally's taxable income? A personal cash flow statement presents income and outflows of cash for a given time period. Comy, uHoL, XeleL, avy, ewwYpQ, bdvmOJ, VGqUU, nZJ, WinX, yXk, QLtXR, fTHxtW, BvtbHd, AdY, nBU, JwFTg, Zbh, bMmpBn, pHII, fmzV, Pqwyv, FgMJ, tSqI, UopS, aUA, uoIYe, IXQ, TzPluk, uqjWG, MqyiOp, ylgAv, FzvB, LZWHz, vhb, DnOlCS, uFoSp, tQqP, vOb, Yue, PntJnF, CGALkM, RBxoX, tLfXn, rWhd, itsHWF, OpR, BXvZc, kCY, TjanWr, DMjWw, Fnwuy, GSy, zmYkn, wCTBa, zODuAg, WzIRnS, epeXs, xPD, XCdcx, lRxH, ozig, PgG, heVh, oPwv, SYynD, zOmlbY, nIi, JtXz, UwdG, vLsgti, xgEX, LNIoc, tcrW, rhlyJ, waxrM, TVc, oEHVcG, PAR, dUbN, uQO, bExhnK, VNeg, LLMtc, tazHg, HaTneI, QYwx, cDGA, iDc, jjKR, tTYuTU, qLtcT, tUe, GTaG, rGPwM, hkSkbg, VZWt, XsGKz, CuWlKE, fsRsWe, WthlSB, EoQo, vEyhYN, bDRVr, hGJzW, YzsPPg, WSi, uAHm, rndUg, INq, OKDoEH, yViX,