Personal finance exam

This course/text will assist you in accomplishing six financial objectives. What are they? 1. Manage the unplanned.2. Accumulate wealth for special expenses. 3. Realistically save for retirement.4. Cover your assets.5. Invest intelligently.6. Minimize your payments to Uncle Sam. How will a financial plan help you save for retirement? A strong …

ch 1

The three mainline functions of any business are operations, marketing, and finance. Regardless of how departments and functions are individually​ managed, they are always linked together through processes Which of the following events from the twentieth century defines the history of operations and supply chain​ management?A.The invention of the assembly …

Chapter 10 Finances

E. Family need method Francisco and Maria have three children and want to complete a detailed worksheet to determine theamount of life insurance they need to purchase. Which method are they using to determine their lifeinsurance needs?A. Easy methodB. Dual income, no kids methodC. Formal calculation methodD. Nonworking spouse methodE. …

Finance

Calculate assets Step 1 of creating balance sheet Personal financial statement Documents that provide information about your current financial position. Calculate liabilities Step 2 of creating a balance sheet Calculate net worth Step 3 of creating balance sheet Liquid assets, real estate, personal possessions, investments 4 asset categories Liquid assets …

Personal Finance Chapter 7 – Credit Cards and Consumer Loans (AFCPE)

Installment Credit (closed-end credit) Credit arrangement in which the borrower must repay the amount owed plus interest in a specific number of equal payments. Open-ended (revolving) credit Arrangement in which credit is extended in advance of any transaction so that borrowers do not need to reapply each time they need …