(0.5 points) its the inability to pay back your creditors Lesson 3 (3.0 points) 1. What is an annual percentage rate? (0.5 points) its an annual interest rate that doesn't take into account any compounding of interest that happens during that year. 2. What is an annual percentage yield?
(0.5 points) Is the failure to make a payment, such as a scheduled mortgage payment or the finance charge on a credit card 4. What is the Better Business Bureau? (0.5 points) Is an organization that reports on the reliability and ethics of companies and other organizations 5. What is a debt settlement program? (0.5 points) Are programs that claim they can get you out of debt by negotiating your debt to a much lower amount and working out a payment plan with your creditors 6.
What can happen to a business owner who has personal liability for their company? (0.5 points) If the company is sued or has unpaid bills, creditors may go after the owner's personal assets. 6. What is an entity? (0.5 points) A thing with distinct and independent existence.
Assignment 5: Credit and Loans (25.0 points) 1. If you are borrowing money and paying interest, would you prefer an interest rate that compounds annually, quarterly, or daily? Why? (2-4 sentences. 1.0 points) If I were doing either, I would want an interest rate that compounds annually.
(0.5 points) Insurance that protects your family against the negative financial impact that would be caused by your death 3. Which tax provides federal funding for unemployment insurance? (0.5 points) Federal Unemployment Tax Act (FUTA) 4. What is liability insurance? (0.5 points)Insurance that protects you by helping to cover costs that are caused by events you're responsible for.
long-term capital loss. business casualty loss. Question 3. 3. (TCO I) Under the cash method of tax accounting, tax deductions are generally taken when: (Points : 5) the liability arises.
Developing short-term and long-term financial goals C. Implementing a plan for achieving goals D. Determining appropriate risk level of participant 8) Preparing personal financial statements is part of which of the five steps of the financial planning process? A. Develop Goals B. Analyze Your Current Financial Position C. Establish and Implement Your Plan D. None of the above 9) Which of the following is an advantage of using a debit card? A. They free customers from carrying cash or checkbooks.
To begin her analysis, Mayo estimated what values the assets would have is Mark X were liquidated. Working with the bank’s appraisers and liquidation experts, she concluded that the land and buildings could be sold for $5 million, while the equipment would bring in another $3 million. The receivables could be sold for $0.75 on the dollar, but the inventory would bring only $0.50 on the dollar. Next, Mayo had to make sure that she understood the nature of the claims against Mark X. The accruals currently (that is, at the end of 1992) consist of $5 million of accrued taxes and $2,331,000 of accrued wages.
• additions to net working capital. • cash flow to retained earnings. • cash flow to investors. FIN 571 final exam (Newest) download now FIN 571 Final Exam (Newest) 5. Which one of these is a non-cash item?
Personal Finance: Study Questions (Section 1) Lesson 1 (3.0 points) 1. Name at least two things financial planning could help you do. (0.5 points) 1# Prepare for retirement 2# Save money for your child’s college fund. 2. What is trade?