D) cash inflows only., The cash flow statement reports a person's . These transactions are summarized as follows: User: Given the formula K = LMN, Weegy: President pro tempore conducts Senate meetings when the vice president is unavailable. Then sketch the graph of the function. 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. A person's lifestyle is a reflection of his or her values, goals, career, and family situation. 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. All of the following are types of nontaxable income except. During its first two years, the company completed a number of transactions involving sales on credit, accounts receivable collections, and bad debts. cash inflows and outflows. If Kim's current debt ratio is 45%, this means that ________ of Kim's assets are purchased on credit. **h.** In adjusting the accounts on December 31, the company estimated that 1.5% of accounts receivable will be uncollectible. A budget will not do which of the following? Several retail stores issue their own credit cards. 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? The concept of time value of money is important to financial decision making because. 5) The primary goal of financial planning is to. I would need help in the creation of a chart for petty cash transactions listed below. 7) The cash flow statement reports a person's or family's. A) net worth. The fair value of the stock was $12 per share on the grant date. B) plan for borrowing. How many exemptions should George claim on his tax return? Creating a cash flow statement requires that you determine. Which item below cannot be taken as an itemized deduction? Margaret also has a credit card debt of $15,000. Your financial position is highly influenced by all of the following except. If you prepare a document that shows your cash inflows and cash outflows it is called a(n) ________. D. tradeoffs associated with financial decisions. Which of the following financial documents would most likely be stored in a home file? What is Jessie's current net worth? To build your vocabulary skills, answer the following question. The average price of the common shares was$12 and $15 during 2016 and 2017, respectively. C) plan for borrowing. User: The setting is a gambling parlor in A cash flow statement reports a person's or a family's. Which item on his. The primary goal of financial planning is to. D) value of investments. \text { CEO Pald More } \\ Which of the following is not an acceptable method of reducing your tax bill? C. D) value of investments. Weegy: any money coming into and out of household. Which of the following Web sites should you question the accuracy of the information provided? Which of the following is not a cash inflow? $5,950.00 is allowed. The course begins at 5 p.m. and goes until 9 p.m. on Monday nights. Which of the following would increase your liquid assets? C value of investments. C) cash used for expenses. 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. **a. Required: 1. 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. When you own a house as a primary residence. 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. 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? Bloomberg Businessweek recently published a survey that looked at CEO pay at big businesses and whether or not shareholders gained money. 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. Given the following, what is the individual's net worth? View FINC 2403 M2 Assignment .docx.pdf from FINC 2400 at Auburn University. What table would you use to calculate the value of this contract in today's dollars? Lucky Louie just inherited $50,000 from his great aunt, has $1,500 in his checking account. During the last month, Mary Jane had expenses of $5,000 and an increase in net worth of $700. If Kim's current debt ratio is 45%, this means that ________ of Kim's assets are purchased. C) plan for borrowing. balance of savings. $$. A) increase. Medical expenses, clothing, and telephone are examples of fixed expenses. $$ Which of the following is not one of these special adjustments? In 2012, self-employed individuals pay FICA taxes at a rate of. ) 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. Liang Company began operations on January 1, 2016. ________ are specific expenses instead of a standard amount that reduce adjusted gross income. Which of the following is correct? D plan for borrowing. 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. Which of the following is not a liquid asset? **c.** Received$669,200 cash in payment of accounts receivable. c. The counselor has remained neutral throughout the dispute. Gross income and adjusted gross income can be the same if you do not have any special adjustments. Susie wants to know how much she needs to save today to have $5,000 in five years. The cash flow statement reports a person's or family's. shepherd. Study with Quizlet and memorize flashcards containing terms like The primary goal of financial planning is to A) increasing earnings. 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. Present, Hello there. Liquid assets refers to. If a stock was purchased in January 2009 for $1,000 and sold in December 2010 for $3,000, a ________ of $2,000 results. The personal cash flow statement measures. Which of the following is not an example of a future value? **g.** Received$1,204,600 cash in payment of accounts receivable. Which of the following decisions would involve the use of the present value of a $1 ordinary annuity table? If expenses for a month are greater than income, an increase in net worth will result. Present and future values concepts are applied to which of the following decisions except. C value of investments. B) cash outflows only. **b. ** Sold $1,345,434 of merchandise (that had cost$975,000) on credit, terms n/30. 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. D) value of investments. The fair value of the options was estimated on the grant date to be$3 per option. Which of the following would be classified as a short-term goal? C) plan for borrowing. The cash flow statement reports a person's or family's. current income and payments. 1. The companys net income was$150 million and $160 million in 2016 and 2017, respectively. Which of the following gross income is not taxable income? the earnings on savings. Creating a cash flow statement requires that you determine A) assets. 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. Liabilities are cash and items of value that can be easily converted to cash. D. decreased value of personal possessions. The solution that resulted from the experiment was neutral. 7) The cash flow statement reports a person's or family's. B) current income and payments. If your net cash inflows exceed your net cash outflows, you can increase your net worth by investing the difference in more ________. plan for spending. Personal records current budget, cheque book(s) and bank statements. 9) Which of the following is not a cash inflow? cashed used for expenses. Yetzin and Golub are business partners and share net income in a ratio of 7 to 5, respectively. Which of the following statements about stocks is not true? In addition he baby-sits three other children in the evenings and has a cat and two dogs. Which of the following is not correct? According to her filing status, a standard deduction of. Mark your answer on a separate sheet of paper. Mr. Berkey invests $10,000 in a money market account at his local bank. View the full answer. \end{array} 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. 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 not taxable for income tax purposes? The interest rate she expects to earn on her investment is 9%. Nancy also has student loans on which she makes monthly payments of $200. Free essays, homework help, flashcards, research papers, book reports, term papers, history, science, politics $$ After your financial plan is developed it should be, The primary goal of financial planning is to, The personal cash flow statement measures, The cash flow statement reports a person's or family's, Creating a cash flow statement requires that you determine. $\hspace{15pt}1$. A. If a stock was purchased for $5,000 in January 2010 and is sold in December 2010 for $3,000, a ________ of $2,000 results. a. Study with Quizlet and memorize flashcards containing terms like 1. Future and present values are dependent upon all of the following except, If you are presented with an offer to accept payment now or a greater amount in the future, you would use (assuming you can invest the money at a known rate), As the time period until receipt increases, the present value of an amount at a fixed interest rate. $$, Match the terms in the first column with an appropriate definition from the second column. Your decision about one component of your financial plan can affect all other components. Which one of the following is a liquid asset? Which of the following tables should he use? ________ allows access to funds to cover any short-term cash deficiencies. B) current income and payments. 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. Describe how costs flow from inventory to cost of goods sold for the following methods: (*a*) FIFO. The time value of money implies that a dollar received today is worth ________ a dollar received tomorrow. A personal cash flow statement can serve as the basis for the budget categories used by an. Terms Which of the following is not a true statement about mutual funds? The cash flow statement reports a person's or family's A) net worth. Most income tax documents and records should be kept in a safety deposit box. Question 8 The cash flow statement reports a person's or family's A value of investments. Your ability to access funds to cover any short-term cash deficiencies is your ________. C) cash used for expenses. The process of obtaining ________ values is referred to as compounding. 100% (8 ratings) Solution: The cash flow statement reports a person's . A. current income and payments B. net worth C. plan for borrowing D. value of investments. \begin{array}{|lccr|} Round to the nearest dollar. D) market value of investments. \text { Than } \mathbf{\$ 1} \text { MIlllon } If your monthly disposable income equals $1,500 and you currently save $500/month, your savings rate is ________. f(x)=x^3-3 x^2+2 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. A cash flow statement that is based on forecasted cash flows for a future time period is called a(n). Which of the following statements about stocks is not true? Payments that do not vary from month to month are ____________ expenses. Current liabilities differ from longterm liabilities based on, Ben Chase needs to pay off some of his debts over the next few months. C) cash used for expenses. C) stay the same. 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? Few countries have remained neutral for long periods of time. Cash flows are affected by financial planning decisions. Prepare journal entries to record Liang's 2016 and 2017 summarized transactions and its year-end adjustments to record bad debts expense. Therefore, he has ________. Current income and payments. or more parameters 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. When one money management decision is selected, something else must be given up. Which of the following tables should she use? A decrease in net worth would be the result of: B. expenses greater than income for a month. Corporate _______ refer(s) to a corporation's responsibility to be a positive force in the community. [Solved] The cash flow statement reports a person's or family's A) net worth. B. actual expenses are greater than planned expenses. Jerry has assets of $200,000, a net worth of $150,000, and an annual income of $100,000. Which of the following would not be considered a very good investment? Definite financial obligations are referred to as variable expenses. What is he solving for using his financial calculator? $\hspace{15pt}2$. ________ management involves decisions regarding how much credit you need to support spending and which sources of credit to use. If you invest $12,000 today at an interest rate of 10%, how much will you have in 10 years? \hline \text { Shareholders made money } & 2 & 11 & 13 \\ Why is it important to monitor your debt level? Which of the following can be deducted from your taxes even if you do not itemize? the amount of insurance coverage a person has. With a discount rate of 12%, what is the present value of your winnings? Jim has $1,000 income from his job and $200 stock dividend income this month. She also has the following, Allison anticipates an additional car expense two months from now of $400 for new tires that. Which of the following is the correct method for starting with gross income and computing taxable income? TRUE. What are Jerry's liabilities? Which of the following is not a type of decision to manage your liquidity? Its PE ratio is: 33 10 15 1.5. when a company calculates ______, the company looks at how much profit it expects to make from a particular customer, including each purchase he or she will make the company now and in the future. The cash in your wallet, your checking account balance, and your savings account comprise your ________ assets. B) cash outflows. B. A allowable amount which taxpayers can claim for themselves and dependents is called a(n). What was the total impact on Jakob's cash flow for the year? 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. Its income tax rate is 40%. A personal statement of cashflow measures cash inflows as well as cash outflows. Which of the following situations is a person who could be insolvent? The act of determining how wealth will be distributed before or upon death is. What action would be appropriate? User: What does Weegy: The kingdom described in "The Lady, or the Tiger " is mythical. D plan for borrowing. Finance. Yogi Berra Jr. has agreed to play for the New York Mets for $4 million per year for the next 10 years. C) plan for borrowing. Determining taxes requires you to address all of the following topics except. If you own stock that has increased in price, it would be best to sell it after you have owned it for at least. Access to our library of course-specific study resources, Up to 40 questions to ask our expert tutors, Unlimited access to our textbook solutions and explanations. View M2Assignment.pdf from FINC 2400 at Auburn University. I hope you are doing well. Which of the following would be a long-term goal? Michael's brother, Thomas, lives with Michael in his own home. Corporations issue stocks for all of the following reasons except. If Jo Ann had $4,000 in liquid assets and $1,000 in current liabilities, she would have a liquidity ratio of. The stock options qualify for tax purposes as an incentive plan. Which of the following would be considered a longterm liability? The cash flow statement reports a person's or family's A) net worth. Cash inflows tend to be the highest in which of the following? Her savings rate is, You save the same dollar amount from each paycheck during your career. 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. maximize wealth. Her expenses are $400 per month rent on her apartment, $100 per month for food, and $100 per month for utilities. D) All of these are part of the cash flow statement., 2. Which of the following is not subject to immediate taxation? He supports his father who is 90 years old, blind, and has no income. During the past month, Jennifer Sinnet had income of $3,500 and a decrease in net worth of. 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. A personal cash flow statement is usually the starting point for an individual's or family's. budget. The kingdom described in "The Lady, or the Tiger " is 17. The tax method that uses the principle of taxing those more who earn more is called ________ taxation. A) assets. Jeff has a $1,000 salary and a $100 dividend income this month. The personal cash flow statement measures A) cash inflows. E. avoiding the use of consumer credit., A home file should be used for: A. storing . All of the following affect cash outflows except, If both a husband and wife are employed, their consumption behavior will, Cash flow can be increased by all of the following except. B) liabilities. Question 12. Which of the following usually affects cash inflows the most? Margaret's liquidity ratio is, Nancy has $40,000 of annual disposable income and saves $8,000 a year. Jane purchased General Motors stock seven years ago for $20,000. \text { Than \$1 Millon } Jennifer has assets of $100,000 and $10,000 of debt. Which of the following is not considered an asset for a family? This month he also has. If Lynn and Robert file a joint return, how many exemptions may they claim? 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 ________. Finance questions and answers. 2. Creating a cash flow statement requires that you determine A) Assets B) Liabilities C) Cash used for expenses B) current income and payments. Which of the following is not an asset you might find on a personal balance sheet? B) liabilities. What is he solving for? Paying off a credit card with cash will have which of the following effects on net worth? A plan for ________ is needed to determine how much you could afford to borrow, the length of the loan, and to select a loan that charges competitive interest rates. (2) Determining probabilistic statements about the worth of an investment based Insurance planning is not designed to protect your wealth in which of the following ways? Present and future values concepts are not applied to which of the following? (1) Determining how the worth of an investment changes with changes in one 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. Insolvency is a result of having an unequal balance of tangible and intangible goods. **d.** In adjusting the accounts on December 31, the company estimated that 1.5% of accounts receivable will be uncollectible. If Bill wants to increase his savings rate by 2% and he currently saves $6,750, how much additional savings will Bill need to contribute to achieve his savings goal of 11%? Takehome pay is a person's earnings after deductions for taxes and other items. Which of the following decisions would involve the use of the future value of a $1 ordinary annuity table? Budgeting The cash flow statement reports a person's or family's A) net worth. Which of the following are considered to be personal financial statements? C) plan for borrowing. D) minimize financial risk., The personal cash flow statement measures A) the rate of cash flow. A person's net worth would increase as a result of. The Crown family has a difficult time staying on a budget. In order to take advantage of the time value of money you should do all of the following except. Which of the following is not a decision that you would probably encounter in managing your budget? B) current income and payments. Which of the following would not be a factor in evaluating your current financial position? Which of the following is not a tax credit mentioned in the chapter? Sandy wants to know how much she needs to save today to have $5,000 in five years at a 7% interest rate. If budgeted spending is less than actual spending, this is referred to as a deficit. Stocks are considered liquid assets since they are easy to sell without a loss in value. How much money will she have saved by the time her son turns 18? \quad \text { Total } & 6 &14 &20 \\ In 2012, she sells the stock for $35,000. Question: Question 8 The cash flow statement reports a person's or family's A value of investments. What is each part ner's share of a net income of $12,852? What was the net effect on Fritz's net worth of these transactions? Please do not hesitate to let me know if you need more info. Thomson Home Furnishings Co. discounts the note at $7\%$\ User: A cash flow statement reports a person's or a family's: (Points : 2) net worth.current income and payments. d. The car rolled down the hill because it was left in neutral. C) maximize wealth. C. storage facilities to make financial documents easily available. D) value of investments. Which of the following. It shows the difference between the . The payment items that should be budgeted first are. cash used for expenses. ). Study with Quizlet and memorize flashcards containing terms like Opportunity cost refers to: A. current spending habits. cash inflows and outflows. **e.** Sold $1,525,634 of merchandise on credit (that had cost$1,250,000), terms n/30. Personal finance does not include the process of planning your, A personal financial plan specifies financial goals and describes. Aaron wants to put $200 per month into an IRA account at 15% for four years. 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. The accumulation of interest over time is called. This month, Jim has $1,000 of salary and $100 of dividend income this month. A. different in various geographic areas. George is 65 years old. Which statement is true? What is the annual depreciation for each of the 6 years for an automobile costing $28,000? \hline 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. Which of the following does not protect your assets and/or income? (b) Sensitivity analysis C) maximize wealth. During 2012, she did not remarry and continued to maintain her home in which her three dependent children lived. LIST THE SIZ COMPONENTS OF A FINANCIAL PLAN. Which of the following is not a tax filing status option? 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. Allison expects her monthly cash inflow after taxes to be $3,000. Most Canadians have an adequate savings for emergencies. 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. ** Wrote off $18,300 of uncollectible accounts receivable. Which of the following financial documents would most likely be stored in a safety deposit box? Which of the following is not a legitimate itemized deduction? If your income exceeds the amount you spend, you should ________ your investments or ________ loans. Which of the following is not an appropriate approach to solving the problem of an annual budget deficit? a. Journalize U-Build It Warehouses entries to record:\ Which of the following tables should she use? FICA taxes include two components, which consist of. Which of the following could save a smaller proportion of their earnings to achieve the same level of wealth? D) None of the above; the employment of spouses is unrelated to consumption behavior. Which of the following is not a key budgeting influence for a personal financial plan? A branch of the U.S. Treasury Department, called the ________, administers the federal tax system. What filing status should Jerry claim on his tax return? 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. Improvements in a person's financial position are the result of: To determine a person's solvency, which financial document should be consulted? The increased mortgage payment was in effect the remainder of the year. 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. Leveraged investing in common shares is expected to increase your net worth. B) current income and payments. Determine intervals of increase and decrease and intervals of concavity for the given function. 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 ________. Evidence exists that a person's choice of employment influences his or her lifestyle. 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. Which of the following presents a summary of income and outflows for a period of time? **f.** Wrote off $27,800 of uncollectible accounts receivable. Which cash inflow will probably be discontinued after retirement? B) Current income and payments. Creating a cash flow statement requires that you determine. How do we all benefit from the work of entrepreneurs? C) plan for borrowing. A. raised the tax rates for the highest income portion of the population, B. limited further the ability to contribute to retirement plans tax-free, C. provided educational incentives to most taxpayers, D. reduced the child care credit available to most young families, Melanie, a homeowner, has mortgage interest of $3,000.00, real estate taxes of $1,500.00, and, charitable contributions of $500.00.
***2017*** 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. Creating a . C. Creating a cash flow statement requires that you determine A) assets. (D) net worth. Your net worth will not be increased by which of the following actions? What is Sally's taxable income? How much should Melanie deduct on her tax return? Log in for more information. C) cash inflows and outflows. Jerry has assets of $200,000, a net worth of $150,000, and an annual income of $100,000. Current liabilities are amounts that must be paid within a short period of time, usually less than a year. D) She has, Janice spends a total of $1,500 a month to cover all living expenses. A(n) ________ is a forecast of your future cash inflows and outflows. Ed Bostrom wants to reduce his fixed expenses. 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. Which of the following it not an annuity? Which of these statements is true with regards to the 2008-2009 financial crisis? Which of the following actions will not increase your net worth? the ease of converting a financial resource into cash without a loss in value. The personal cash flow statement measures. The dining area should be painted in a neutral color. Which of the following decisions would involve the use of the present value of $1? A stream of equal payments either received or paid at equal time intervals is a(n) ________. How many exemptions can he claim on his tax return? A cash flow statement reports a person's or a family's. Question and answer. C. Find a place to live with a lower rent. 8) Creating a cash flow statement requires that you determine. 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. Michael's filing status is, Stephanie, who was divorced in 2012, had filed a joint tax return with her husband in 2011. If Nancy adheres to this savings plan, how much would she have available each month for a car payment. 3) Creating a cash flow statement requires that you determine. If you do not budget for unexpected expenses in a given month, you will likely experience a(n). 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. \end{array} & \begin{array}{c} Which of the following is not a true statement about mutual funds? He receives annual interest of 8% for 7 years. Question 4 of 20 5.0/ 5.0 Points The cash flow statement reports a person's or family's __________ . Which of the following is not a cash outflow? 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 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. Budgeting The cash flow statement reports a person's or family's A) net worth. If both a husband and wife are employed, their consumption will tend to. 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. From a financial standpoint when should a person start retirement planning and saving? 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? 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. Lucky Louie has the following cash inflows and outflows: $500 rent, $200 car payment. the payment of the note at maturity. Cash inflows tend to be higher for younger individuals and lower for individuals in their 50s. Everything else being equal, the ________ the interest rate, the ________ the final accumulation of money. on probabilistic values assigned to one or more parameters 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. What table would you use to calculate the value of this contract in today's dollars? ________ is the process of forecasting future expenses and savings. Paying off a credit card with cash will have which of the following effects on net worth? B) liabilities. C) plan for 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. 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. This year she also had medical, expenses of $2,000.00. Purchasing which of the following items on credit will help reduce your tax bill? 6) The personal cash flow statement measures. What is his net cash flow this month? B) current income and payments. Potential investments include all of the following instruments except. Josh currently earns $18.50 per hour. Sally's adjusted gross income is $38,000.00. 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. A cash flow statement reports a person's or a family's current income and payments. A. Budgeting helps set goals by estimating ________ on a monthly basis to determine how much to save and spend. The highest tax rate a taxpayer is charged on his or her federal tax return is called the ________ rate. 2) Salary or wages are the only cash inflows for working people. 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 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. 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. **Required** What is Allison's net cash flow for the current month? Which of the following is an example of an opportunity cost? The current financial position of an individual or family is best presented with the use of a(n). 1) For most people, the first obstacle is to correctly assess their true net income. Which of the following statements is not true regarding education and financial position? What is his cash inflow this month? 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. Which of the following items is not impacted by the taxpayer's income level? B) current income and payments. maximize wealth. Weegy: (-2 x y + 3 x) - (2 x y + 3 x) = -4xy; or -2xy + 3x - 2xy + 3x = 6x - 4xy. A cash flow statement reports a person's or a family's. As your income, Bill's annual savings rate is 9%. A. subtracting total liabilities from total assets. Round amounts to the nearest dollar. A complete financial plan contains all of the following categories except. In the balance sheet, a(n) ________ in assets ________ net worth. 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. 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. What is he calculating using his financial calculator? \text { CEO Pald Less } \\ Question 9 5 5 points The cash flow statement reports a persons or familys from ACCOUNTING 1909 at Ashworth College WINDOWPANE is the live-streaming app for sharing your life as it happens, without filters, editing, or anything fake. Which of the following payments would be considered a variable expense? Which of the following will not increase your liquidity ratio? If the class meets 16 times, what is Josh's total opportunity cost for the class? ________ management involves decisions regarding how much money to retain in a liquid form and how to allocate funds among short-term investment instruments. Jerry is divorced and has two children that live with him. The primary goal of financial planning is to. Your net worth can change even if your net cash flows are zero. What action should Allison take? Jerry is divorced and has two children that live with him. 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. The future value of an annuity assumes that the payments are received. Which of the following goals would be easiest to measure? ) Allison anticipates an additional car expense two months from now of $400 for new tires that she has not previously budgeted for. During his ________ your Uncle Harvey decides to cut you out of his will. After which word should you pause? Jennifer has assets of $100,000 and $10,000 of debt. The income in your budget is not affected by. Money received today is worth more than the same amount of money received in the future. Which of the following is an example of money management? Debts that are to be paid off within a year are called, Long term liabilities include all of the following except.
***2016*** \text { Shareholders lost money } & 4 & 3 & 7\\ How much interest will he earn on his investment during this time period? If you invest $12,000.00 today at an interest rate of 10%, how much will you have in 10 years? Long-term liabilities are debts that will be paid at least three years into the future. Information can be easily found on Web sites that will assist you in determining all of the following except. The concept of time value of money is based on. (The company uses the perpetual inventory system and it applies the allowance method for its accounts receivable. B current income and payments. If you are a married taxpayer, you may use the ________ filing status. True. He has $1,000 in current liabilities. An expense that could be included in the itemized deductions of a taxpayer is. Her deductions for federal and provincial taxes, CPP. Determine basic and diluted earnings per share for Witter House in 2017. a. Place your order now for a similar assignment and have exceptional work written by one of our experts, guaranteeing you an A result. c) current income and payments. U-Build It Warehouse issues a $45$-day note for $\$800,000$ to Thomson Home Furnishings Co. for merchandise inventory. 2.1 Personal Cash Flow Statement. If your current debt to asset ratio is 50%, which of the following will increase it? Corporations issue stocks for all of the following reasons except. 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. She also has the following monthly expenses: Rent, $750; student loan payment, $200; utilities, $150; food, $300; recreation, $600; car expenses, $200; clothing, $150. B) current income and payments. \hline & \begin{array}{c} 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. 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 . Which of the following usually affects cash inflows the most? a person's inability to pay his or her debt. \end{array} & \text { Total } \\ 2) The cash flow statement reports a person's or family's. A) net worth. This is true because. A budget is a record of how a person or family has spent their money. She does not own a home but has charitable, contributions of $1,500.00 and interest on her car of $2,100.00. The wages that you forego when you leave work early to attend class is an example of a(n) ________. 11) Cash outflows are also called. An example of a personal and employment document is a: A brokerage statement is an example of a(n) ____________ record. The difference between an ordinary annuity and an annuity due is with an annuity due the payments occur at the ________ of each period. In the balance sheet, a(n) ________ in assets ________ net worth. A worker making $20 per hour decides to take unpaid leave from work to attend a graduation ceremony. Lynn and Robert are married and support Lynn's father who has no income, and Robert's mother, who has no income. This month Jim has rent and utilities of $300 and he spent $200 on groceries and $100 on clothing. The shares vest four years later. She is allowed a standard deduction of $5,950.00 and one personal. 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. wrote. Jerry wants to know how much he needs to save every year to accumulate $15,000 in five years at a 10% interest rate. Determine basic and diluted earnings per share for Witter House in 2016. Warranties are commonly associated with ____________ purchases. B) plan for borrowing. Which of the following is a credit management decision? The cash flow statement reports a person's or family's A) net worth. This answer has been confirmed as correct and helpful. ariesmom79|Points 75| Q. D) value of investments., 3. D) market value of investments. Which of the following statements is not true regarding FICA taxes paid? Which of the following is not a step in developing a financial plan? If your cash outflows are $600 and your cash inflows are $1,000, you can increase your net. exemption of $3,800.00. The financial crisis of 2008-09 affected the financial position of individuals in all of the following ways except which of these? A budget will not do which of the following? If you have current assets of $20,000 and current liabilities of $10,000, then you. Be sure to show all key features such as intercepts, asymptotes, high and low points, points of inflection, cusps, and vertical tangents. Which of the following decisions would involve the use of the future value of $1? B) expenses. D) value of investments. (3) Determining the indifference value of a particular parameter. A) assets. A personal cash flow statement presents income and outflows of cash for a given time period. b. Don wants to know how much he needs to save every year to amass $15,000 in five years at a 5% interest rate. Read the following sentence. 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. D. tradeoffs associated with financial decisions. C) cash inflows and outflows. B) decrease. answer choices. C) cash used for expenses. The cash flow statements for an individual show a person's income and expenses. Transcribed image text: The cash flow statement reports a person's or family's A net worth. 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. The time value of money can be applied to all of the following except. Witter House is a calendar-year firm with 300 million common shares outstanding throughout 2016 and 2017. Cash flows are affected by financial planning decisions. B. changing economic conditions that affect a person's cost of living. The cash flow statement reports a person's or family's A net worth. Bill's annual savings rate is 9%. B) current income and payments. The restricted stock does not. 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. (c) Risk analysis The cash flow statement reports a person's or family's __________ .
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