Axia College Material Appendix B Personal Financial Planning Worksheet Directions: Based on your readings and discussions in class this week, answer the following questions completely. 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called: a. Developing goals. b.
(0.5 points) An entry recording a sum received, listed on the right-hand side or column of an account. 2. What is a credit score? (0.5 points) Credit scores is a three-digit number generated by a mathematical algorithm using information in your credit report. It's designed to predict risk, specifically, the likelihood that you will become seriously delinquent on your credit obligations in the 24 months after scoring.
Assignment 1: Economic Basics (24.0 points) 1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) Create a budget and save and invest money. to me saving money is important because when I don’t have the money to do what I need to do that is a need.
Leasing the building will allow John to write off the payments as rent expense. However, if he has the capital to purchase the building, it would be considered an asset and he would be allowed to depreciate over the life of the building. This decision would have to weigh factors such as: capital investment, loan options if no capital investment, and expected future profits and expenses of the business. 2. Jane Smith tax issues: Issue a) What are the different tax consequences between paying down the mortgage (debt) and assuming a new mortgage (debt) for federal income tax purposes?
Assignment 1: Economic Basics (24.0 points) 1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) Make choices about how to spend money responsibly, plan for retirement. Because, I will need to know how to plan later on in life with my finances.
1. Describe a real or made up but realistic situation that could cause you or someone you know to have to use money from a financial reserve. (3-6 sentences. 2.0 points) A made up situation that could cause myself or someone I know to have to use money from a financial reserve could be if you go to buy a house. You could pull the money out and use it towards the house.
| | | Readings | Read Ch. 20, 21, & 22 of Accounting.Read this week’s Electronic Reserve Readings. | | | Participation | Participate in class discussion. | | 4 | IndividualWileyPLUS Assignment Week Five | Resource: WileyPLUSComplete the following in WileyPLUS: Exercise E20-2 Exercise E20-5 Brief Exercise BE21-4 Exercise E22-5 | 3/26 | 4 | Learning TeamCVP And Break-Even Analysis Paper and Presentation | Resource: AccountingRead BYP19-7, titled “All About you” Activity, in the Ch. 19 “Broadening Your Perspective” section of Accounting.Write a paper of no more than 1,750 words responding to the questions in BYP19-7.Create a 7- to 9-slide Microsoft® PowerPoint® presentation that illustrates your team’s solution to the assigned problem.
Unit 2 – Task 10 Investigating Business Resources To: Spode’s casting shop From: Russel Williams Re: Casting shop budget What is budgeting and why is it important? Budget is a written down plan, usually expressed in monetary terms of what we hope will happens in the future. Budgeting is also known as the process of creating a plan to spend your money. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do. If you do not have enough money to do certain things you would like to do, then you can use this planning process to prioritise your spending and focus on the money on the things that are most important to you.
Points Received: 5 of 5 Comments: 2. Question : (TCO F) When comparing corporate and individual taxation, the following statements are true, except: Student Answer: Individuals have exemptions and a standard deduction; corporations do not. Both corporate and individual taxpayers may have a long-term capital loss carryforward. All taxpayers may carry net operating
Name : Shanu Priya D/O Chandran ID No : 00013669 Date : 1/8/2014 The Importance of College Education A college education result in various types of benefits for a student who pursues it and also enhances the quality of their life. Nowadays, students begin questioning the importance of a college education from their high school as well. Therefore, McGuire (2011) had explained that attending college provides opportunities for graduates which are not as widespread to those who have not received a higher education. Moreover, students need to understand that attending a college provides a lot of advantages that others might find lacking later on in life. As today, the economy growth in the world is becoming more competitive so a college education is extremely important.