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BUSN 380 Slingshot Academy / busn380study.com

FOR MORE CLASSES VISIT<br>www.busn380study.com<br><br>TCO 1 Time value of money relationships & applications; opportunity costs; personal financial statements -Problem Set 1 <br>

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BUSN 380 Slingshot Academy / busn380study.com

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  1. BUSN 380 Slingshot Academy / busn380study.com For More Tutorials www.busn380study.com

  2. BUSN 380 Slingshot Academy / busn380study.com BUSN 380 Final Exam Guide (New) BUSN 380 Week 1 Problem Set 1 • The Final Exam consists of 45 multiple choice questions worth 4 points each and 6 short answer questions worth 10 points each. • Question 1.1 After a lengthy job search, Judy Smith has found a place of employment; however, it is demanding and she is required to work long hours during the week and even on weekends, leaving little time for outside interests. • TCO 1 Time value of money relationships & applications; opportunity costs; personal financial statements -Problem Set 1 • 1. Ben Collins plans to buy a house for $65,000. If that real estate property is expected to increase in value 5 percent each year, what would its approximate value be seven years from now?

  3. BUSN 380 Slingshot Academy / busn380study.com BUSN 380 Week 1 Quiz Set 1 BUSN 380 Week 1 Quiz Set 2 • BUSN 380 Week 1 Quiz Set 1 • Question 1. Question : (TCO 1) When a person faces a trade-off and must give up something by making a choice, • this is referred to as • taking out a loan. • opportunity cost. • the evaluation of alternatives. • BUSN 380 Week 1 Quiz Set 2 • The danger of lost buying power during times of rising prices is referred to as • inflation risk. • economic risk. • personal risk. • interest-rate risk. • money risk.

  4. BUSN 380 Slingshot Academy / busn380study.com BUSN 380 Week 2 Problem Set 2 BUSN 380 Week 2 Quiz Set 1 • TCO 2 - Problem Set 2 - Tax Fundamentals; Cash Management; Distinctions among Financial Institutions • 1. Thomas Franklin arrived at the following tax information: • Gross salary, $46,660 • Interest earnings, $225 • Dividend income, $80 • One personal exemption, $3,400 • Itemized deductions, $7,820 • Question 1. 1. (TCO 2) This type of tax is assessed on specific goods and services at the time of purchase. • Estate • Inheritance • Excise • General sales

  5. BUSN 380 Slingshot Academy / busn380study.com BUSN 380 Week 2 Quiz Set 2 BUSN 380 Week 3 Problem Set 3 • Question 1. (TCO 2) In order to best compare the earnings for different savings plans, one can refer to each plan's • discounted present value. • compounded rate of return. • net present value. • annual percentage yield. • after-tax rate of return. • Problem Set 3 • 1. Louise McIntyre’s monthly gross income is $2,000. Her employer withholds $400 in federal, state, and local income taxes and $160 in Social Security taxes per month. Louise contributes $80 per month for her IRA. Her monthly credit payments for VISA, MasterCard, and Discover card are $35, $30, and $20, respectively.

  6. BUSN 380 Slingshot Academy / busn380study.com BUSN 380 Week 3 Quiz Set 1 BUSN 380 Week 3 Quiz Set 2 • Question 1. Question : (TCO 3) Examples of _____ include automobile and installment loans for purchasing furniture or appliances. • a line of credit • a credit card loan • open-end credit • closed-end credit • convenience credit • 1. (TCO 3) _____ is a good example of a closed-end credit. • A credit card issued by a department store • A credit card issued by VISA or MasterCard • A mortgage loan • Using a cashier's check to pay for a purchase • Using overdraft protection at a bank

  7. BUSN 380 Slingshot Academy / busn380study.com BUSN 380 Week 3 Quiz Set 3 BUSN 380 Week 4 Assignment Project 1 Job Search and Personal Budget (2 Projects) • 1. _____ is a good example of a closed-end credit. • A credit card issued by a department store • A credit card issued by VISA or MasterCard • A mortgage loan • Using a cashier's check to pay for a purchase • Using overdraft protection at a bank • This Tutorial contains 2 Projects • Using your income from your current job or using income from a future job that you are planning on having after graduating from college, construct a budget. • Searching for a job: Using a daily newspaper or an online search engine, find the monthly income/salary which will be used as your income in your personal budget.

  8. BUSN 380 Slingshot Academy / busn380study.com BUSN 380 Week 4 Problem Set 4 BUSN 380 Week 4 Quiz Set 1 • 1. Determining Profit or Loss from an Investment. Three years ago, you purchased 150 shares of IBM stock for $88 a share. Today, you sold your IBM stock for $103 a share. • For this problem, ignore commissions that would be charged to buy and sell your IBM shares. • Question 1. Question : (TCO 5) Which of the following statements is false? • No one is going to make you save the money; you need to start a program. • To be useful, investment objectives must be very specific. • Investment goals can be different for each individual.

  9. BUSN 380 Slingshot Academy / busn380study.com BUSN 380 Week 4 Quiz Set 2 BUSN 380 Week 4 Quiz Set 3 • Question 1. 1. (TCO 5) If an investment objective is short term, this means that the goal should be achieved in what time frame? • Less than 6 months • In 2–5 years • More than 5 years • A year or less • None of the above • 1. (TCO 5) Which of the following statements is false? • No one is going to make you save the money; you need to start a program. • To be useful, investment objectives must be very specific. • Investment goals can be different for each individual. • Because investment objectives deal with the future, it is useful to plan more than 5 years in the future.

  10. BUSN 380 Slingshot Academy / busn380study.com BUSN 380 Week 5 Problem Set 5 BUSN 380 Week 5 Quiz • Problem Set 5 • 1. Tammy Monahan is considering the purchase of a home entertainment center. The product attributes and weights she plans to consider are: • portability .1 • sound projection .6 • warranty .3 • Question 1. 1. (TCO 1) _____ is the first phase of the consumer buying process. (Points : 1) • Gathering information • Evaluating alternatives • Selecting the buying location • Researching alternatives • Identifying the problem

  11. BUSN 380 Slingshot Academy / busn380study.com BUSN 380 Week 5 You Decide Potential Purchase Of A Home (2 Papers) BUSN 380 Week 6 Assignment Project 2 Car Buying (2 Projects) • This Tutorial contains 2 Papers • SCENARIO • Scenario Summary • After a number of years of planning, you have made the decision to evaluate the potential purchase of a home. The goal of the assignment is to compare two homes based on demographics, and also to analyze a number of additional factors related to the home-buying process and ongoing possession. • This Tutorial contains 2 Projects • In this assignment, we will learn how to buy a car and figure out whether it is priced at or below market value. • First, you need to decide on your budget which is the maximum you can spend on a car and that maximum number should take into consideration price, tax, registration, and fixing if needed.

  12. BUSN 380 Slingshot Academy / busn380study.com BUSN 380 Week 6 Problem Set 6 BUSN 380 Week 6 Quiz • Problem Set 6 • 1. For each of the following situations, what amount would the insurance company pay? • a. Wind damage of $835; the insured has $500 deductible. • b. Theft of a stereo system worth $1,300; the insured has a $250 deductible. • 1. (TCO 4) If a home inspection reveals defective house wiring, then this is an example of a (Points : 1) • threat. • peril. • risk. • speculation. • hazard.

  13. BUSN 380 Slingshot Academy / busn380study.com BUSN 380 Week 7 Problem Set 7 BUSN 380 Week 7 Quiz • Problem Set 7 • 1. Calculating Net Asset Value. Given the information below, calculate the net asset value for the Boston Equity mutual fund. • Total assets $225,000,000 • Total liabilities 5,000,000 • Total number of shares 4,400,000 • 1. (TCOs 6 and 7) The Capitalist Mutual Fund's portfolio is valued at $48 million. The fund has liabilities of $4 million, and the investment company sponsoring the fund has issued 1,600,000 shares. What is the fund's net asset value? (Points : 1) • $48.00 • $30.00 • $36.66 • $27.50

  14. BUSN 380 Slingshot Academy / busn380study.com For More Tutorials www.busn380study.com

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