Assignment 4 (32 points) Assignment 4: Saving and Investing Instructions Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment.
If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding? Why? (3-6 sentences. 2.0 points) I would want an account that offers quarterly compounding so I can continue putting money in my bank so that interest will grow on it. Although I am not sure what I will choose when I am older, I think this one sounds the best and most intriguing.
2. How many months' worth of expenses do you think your financial reserve should include? Describe at least two reasons for this decision. (3-6 sentences. 2.0 points) You should have a fully funded emergency fund of 3-6 months of living expenses.
If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding? Why? (3-6 sentences. 2.0 points) I would want an account that offers quarterly compounding so I can continue putting money in my bank so that interest will grow on it. Although I am not sure what I will choose when I am older, I think this one sounds the best and most intriguing.
Recall the CCA rules. If a positive balance remains in an asset class when all assets are sold, this positive balance may be viewed as a terminal loss and must be deducted in full from taxable income, or carried back three years, or carried ahead up to 20 years. Note: 1. You may do this question by hand or using Excel. 2.
You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress. Review Lesson 4 of the Course Overview for instructions about turning in your assignments. Assignment Questions 1. If you are borrowing money and paying interest, would you prefer an interest rate that compounds annually, quarterly, or daily?
Assignment 9 (16 points) Assignment 9: Business Finance Instructions Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment.
The current liabilities are what is owed and is expected to be paid off on one year. The long term liabilities are what are owed for a longer period of time that may include interest. • What were the company’s revenues (or net revenues) for the last 3 annual reporting
Incremental budgeting is when you take last year’s budget and add more or less to it depending on what you’re looking to do with your budget for the year. Some companies like this budget because if you’re meeting your budget every year it will stay the same. If you don’t use your budget it will reduce the next year. Some people
*Find out whether you qualify for the income-based repayment program. Under this program, your loan payments could be reduced, based on the amount of discretionary income you have available. In most cases, your loan payments won't exceed 10% of your total income. After 25 years, anything you still owe on the loan will be forgiven. To apply for the program, you'll need to contact the company that's servicing your student loan.