PART 1. Total 40 marks ( 2 marks each). MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Assume that you borrow $2000 at 10% annual interest to finance a new business project. For this loan to be profitable‚ the minimum amount this project must generate in annual earnings is 1) _______ A) $201. B) $200. C) $400. D) $199. 2) Which of the following statements about the characteristics of debt and equities is true? 2)
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Personal Budget Do you love to budget? Do you expect to make a personal budget for the next month? Do you look forward to boasting of your budget to you friends?The answer is yes. Also I want to become a saver‚ a British economist Mr. Martin told us“the best way to save money is to have a budget that you stick to”.I established a 6 month forecasted budget for the period November 2013- April 2014. First of all‚ I want to emphasize thatI am an international student and my parents provide me ￡700cost
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accomplish this goal. (4-6 sentences. 2.0 points) My long-term financial goals are to buy a house and to retire. These are important to me because it pertains to how I will live when I am too old to work. I will need to make a budget‚ prepare my finances‚ and spend and save wisely. 4. Describe an example of a common financial resource‚ an expense‚ and a debt. These can be examples from your own life or from other people you know or can imagine. (3-6 sentences. 3.0 points) A financial resource
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education‚ technical skills‚ strengths‚ hobbies/interests 4. What is a cover letter? (0.5 points) A short letter from a job application that gives additional information about their qualifications for and interest in the job. 5. Name at least two finance careers. (1.0 points) Accountant and Risk Manager Lesson 3 (3.0 points) 1. What is pessimism? (0.5 points) When a person looks at something unfavorably and predicts a bad outcome. 2. What is conformity? (0.5 points) The ability to
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1. Which of the following is an example of systematic risk? IBM posts lower than expected earnings. Intel announces record earnings. The national trade deficit is higher than expected. None of the above. 2. Which of the following is an example of unsystematic risk? IBM posts lower than expected earnings. The Fed raises interest rates unexpectedly. The rate of inflation is higher than expected. None of the above. 3. What
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1. What is a pure risk? (0.5 points) 1) A pure risk is a risk of something negative happening‚ with no possibility for profit or gain. Either things will remain the same‚ or something bad will happen. 2. Why do people take speculative risks? (0.5 points) 2) People take speculative risks because it’s usually risks that involved with every day human right‚ or in living in a particular society. 3. What is meeting the deductible? (0.5 points) 3) Meeting the deductible is when you
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Section 6 Study Questions (9.0 points) Answer each question fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. What is a pure risk? (0.5 points) A risk of something negative happening‚ with no possibility of profit or gain. 2. Why do people take speculative risks? (0.5 points) Some people want to make money like in the stock market that’s a speculative risk because you never know when the stock market will go up or down. 3. What is meeting the
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Seminar Three Exercises Due: Monday Points: 25 Do the following exercises from the textbook: Chapter 7 1. Are you considered a default risk? How would a lender evaluate you based on "the five C’s" of character capital‚ collateral‚ and conditions? How could you plan to make yourself more attractive to a lender in the future? I do not believe I would be considered a Default Risk because I have a good credit score and I try to pay off what I spend on my credit cards that same month or fairly
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Section 1 Study Questions (9.0 points) Answer each question fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. Name at least two things financial planning could help you do. (0.5 points) save money‚ make a budget‚ understand taxes 2. What is trade? (0.5 points) the exchange of things of value 3. What is a service? (0.5 points) something of value a person can do of others 4. Name one of the three functions of money. (0.5 points) store of value measure the
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1. Describe one short-term goal that you have and at least one thing you will need to do in order to accomplish that goal. (2-4 sentences. 1.0 points) To graduate high school on time and receive my diploma is a short term goal of mine. In order to accomplish this goal my attendance and grades will have to be good. 2. Describe one long-term goal that you have and at least two things you will need to do in order to accomplish that goal. (2-4 sentences. 1.0 points) A long term goal of mine is to
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