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Devry BUSN 380 Full Course Latest

Just Click on Below Link To Download This Course:<br>https://www.devrycourses.com/product/devry-busn-380-full-course-latest/<br>Devry BUSN 380 Full Course Latest<br>Devry BUSN 380 ALL Week Discussions DQ 1 & DQ 2 Latest<br>Devry BUSN 380 Week 1 Discussion DQ 1 & DQ 2 Latest<br>DQ 1<br>Time Value of Money (graded)<br>

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Devry BUSN 380 Full Course Latest

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  1. Devry BUSN 380 Full Course Latest Just Click on Below Link To Download This Course: https://www.devrycourses.com/product/devry-busn-380-full-course-latest/ Or Email us help@devrycourses.com Devry BUSN 380 Full Course Latest Devry BUSN 380 ALL Week Discussions DQ 1 & DQ 2 Latest Devry BUSN 380 Week 1 Discussion DQ 1 & DQ 2 Latest DQ 1 Time Value of Money (graded) Incorporating time-value-of-money concepts and information from well-developed personal financial statements, identify your long-term financial goals and discuss the pertinent aspects for realizing these long-term financial goals. Explain the choices that you must make and how career planning will also fit into your plan. DQ 2 Opportunity Cost (graded) Identify, quantify, and discuss the opportunity costs that arise from your decision to attend DeVry University. Using the concept of present value analysis, how would you justify your decision to acquire a college degree? Devry BUSN 380 Week 2 Discussion DQ 1 & DQ 2 Latest DQ 1

  2. Disposable Income (graded) Identify and present all taxes you pay during the course of a typical year. Include taxes that are called fees (such fees are really taxes by another name). Some of the taxes you pay may have to be estimated (i.e., sales taxes). What is the percentage proportion of these taxes in relation to your income, and—with respect to your disposable income (that is, income after taxes)—what are the implications insofar as your spending behavior is concerned? DQ 2 Alternative Savings Vehicles (graded) Identify the savings (investment) instruments you use or have used in the past (if you haven’t used any, identify those that you are most likely to use). Now, identify a number of alternative savings (investment) instruments that you have not used (or are least likely to use). Compare your two lists. Analyze the trade-offs that emerge. Why have you selected certain instruments in the past? Why may you use specific savings (investment) instruments in the future? Why will you decide to not use certain instruments in the future? Devry BUSN 380 Week 3 Discussion DQ 1 & DQ 2 Latest DQ 1 Hazardous to Your Health! (graded) Using the Internet, locate a source that identifies the number of personal bankruptcies that have occurred in the United States during a relatively recent time period. Locate and report the results of Internet (or other) sources that assess the role played by credit card debt in relation to personal bankruptcies declared. What are the general conclusions regarding the effects of credit card debt upon bankruptcy filings? Do you believe that credit card debt is the only cause of bankruptcy? Are there any additional factors that can lead a consumer to make a personal bankruptcy decision? DQ 2

  3. Credit Card Balances (graded) As a proportion of your personal net worth (total assets minus total liabilities), identify the proportion of credit card debt you currently have outstanding (or have had outstanding at some point in your life). Identify the expenditures that have given rise to your credit card debt. Which expenditures were discretionary and which were not? Discuss the implications. Are there any strategies that you can implement in order to better manage and reduce credit card debt? What strategies have you used? Devry BUSN 380 Week 4 Discussion DQ 1 & DQ 2 Latest DQ 1 Portfolio Diversification (graded) Identify any long-term investment instruments you use or have used in the past (if you haven’t used any, identify those that you are most likely to use). Include any retirement funds established at work and pension/retirement contributions made by your employer.Assess whether or not your overall investment portfolio is efficiently diversified. Why is there a lack of diversification? What steps can you take to modify this? If you plan to invest long term, what steps will you take towards diversification? DQ 2 Portfolio Risk (graded) Using the investment portfolio you identified for this week’s first discussion question, informally identify the beta for each of the asset components of this portfolio. Include your reasoning for the betas you have identified. (If you have not formally invested in a portfolio yet, find 3–5 asset components that you would want to invest in as a portfolio, and informally identify the beta for these asset components). Now, identify the overall beta of your investment portfolio and explain how you arrived at this result. What implications can you draw from this exercise? How does each component beta differ from the portfolio beta, and why? Devry BUSN 380 Week 5 Discussion DQ 1 DQ 2 Latest

  4. DQ 1 Payment Obligations (graded) As a percentage of your estimated monthly disposable income (which you identified in Week 2), what proportion is represented by your monthly automobile, mortgage, and/or rental payments? What is the percentage remaining after those monthly expenses have been deducted? Assess and discuss the implications in terms of how they influence your personal financial planning. DQ 2 Subsistence Spending (graded) Suppose you found yourself in a position where your monthly level of income was cut in half. Assume this misfortune will persist for the long term. Discuss the effect such a salary reduction would have on your current lifestyle. What conclusions can you draw? What changes would you make regarding your expenses and how would you implement any new financial strategies? Devry BUSN 380 Week 6 Discussion DQ 1& DQ 2 Latest DQ1 Insurance Trade-Offs (graded) What forms of insurance coverage do you currently carry and pay for? As a percentage of your estimated monthly disposable income (which you identified in Week 2), what proportion do these coverages represent? Are there areas where you feel you are underinsured? Overinsured? What trade-offs are involved in determining the amount of insurance coverage you currently carry? DQ 2 Lowering Insurance Costs and Risks (graded) What strategies might you implement to lower your insurance costs, while at the same time minimizing the risks involved in lowering such coverage? For example, in the area of health

  5. insurance, ask whether you are a smoker. In the area of auto insurance, how could your driving habits change? Devry BUSN 380 Week 7 Discussion DQ 1 DQ 2 Latest DQ 1 Zero-Based Asset (graded) U.S. Treasury bills held to maturity have a beta of zero. Why? Discuss the implications of this risk- return trade-off with respect to your overall investment portfolio as you approach retirement age. Are there any assets that you would avoid investing in as you near retirement age? DQ 2 Home Valuation and Estate Taxes (graded) Discuss the factors that may lead to an appreciation in the value of a home over the next 15 years. Discuss the factors that may lead to a depreciation in the value of a home over the next 15 years. How will the value of your home affect the amount of tax to which your estate will be liable subject to your death? Devry BUSN 380 ALL Week Quiz Latest Devry BUSN 380 Week 1 Quiz Latest Devry BUSN380 Week 1 Quiz Latest 2016 Jan. 1. 1.Question : (TCO 1) A(n) _____ summarizes your current financial situation, analyzes your financial needs, and recommends a direction for your financial activities. insurance prospectus statement budget

  6. investment forecast financial plan Question 2. Question : (TCO 1) In financial planning, a major activity component involves the allocation of current resources for spending. evaluation of investment alternatives. evaluation of one’s career. selection of insurance coverage. establishment of credit. Question 3. Question : (TCO 1) Higher interest rates can be caused by increased saving and investing by consumers. an increase in the money supply. a decrease in consumer borrowing. lower government spending. a lower money supply. Question 4. Question : (TCO 1) The _____ refers to stages that an individual goes through based on age, financial needs, and family situation. financial planning process financial cycle adult life cycle personal economic cycle tax planning process Question 5. Question : (TCO 1) The future value of an account in which $2,000 is deposited each year for 5

  7. years, and which earns 4%, is approximately _____ after 5 years. $2,000 $2,400 $10,000 $400 $10,800 Question 6. Question : (TCO 1) Higher employment levels can be attributed to lower consumer prices. reduced employment levels. lower interest rates. higher employment levels. increased consumer spending. Question 7. Question : (TCO 1) When it comes to the financial planning process, the first step is to develop financial goals. implement the financial plan. evaluate and revise your actions. analyze your current personal and financial situation. create a financial plan of action. Question 8. Question : (TCO 1) The simple calculation of interest can be performed by multiplying the amount in a savings account by the annual interest rate. annual interest rate and the time period.

  8. number of months in a year. time period and number of months. time period. Question 9. Question : (TCO 1) Brad Opper has a goal of “saving $50 a month for vacation.” Brad’s goal lacks a realistic perspective. specific terms. the type of action to be taken. a purpose. a time frame. Question 10. Question : (TCO 1) _____ risk refers to the changing cost of money. Monetary Inflation Economic Personal Interest rate Question 11. Question : (TCO 1) You want to determine the current value of an annuity that pays $350 a month for the next 5 years. What type of calculation would provide you with this value? Future value of a single amount Simple interest Present value of a single amount Future value of a series of deposits Present value of a series of deposits

  9. Question 12. Question : (TCO 1) A commitment to a profession that requires continued training and offers a clear path for occupational growth is a(n) apprenticeship. internship employment. cooperative employment experience. career. Question 13. Question : (TCO 1) In order to evaluate one’s current financial position (including net worth), the best tool that can be used is a budget. cash flow statement. bank statement. time-value-of-money report. balance sheet. Question 14. Question : (TCO 1) A _____ résumé would best be used by an employee who has worked in many fields and has a variety of skills in a variety of work-related categories. targeted goal-oriented chronological functional career change

  10. Question 15. Question : (TCO 1) A _____ résumé is designed to obtain a specific job. functional chronological goal-oriented targeted data Question 16. Question : (TCO 1) Which of the following would be a competency commonly associated with successful people? An ability to work well with others in a variety of settings A desire to do tasks better than they have to be done An ability to solve problems creatively in team settings Well-developed written and oral communication skills All of the above Question 17. Question : (TCO 1) Cash and other items that are easily converted to cash are referred to as _____. quick assets working assets liquid assets investments solvent items Question 18. Question : (TCO 1) A savings amount of $3,500 on deposit for 4 years at 4% interest (compounded annually) would earn about

  11. $ 650. $ 600. $560. $140. $350. Question 19. Question : (TCO 1) Solvency can be assessed through the analysis of the following financial document. Cash flow statement Debt consolidation statement Personal income statement Credit report The balance sheet Question 20. Question : (TCO 1) Which of the following situations best represents an individual facing insolvency? Assets $30,000; liabilities $37,000 Assets $78,000; net worth $22,000 Liabilities $45,000; net worth $6,000 Assets $56,000; annual expenses $60,000 Annual cash inflows $45,000; liabilities $50,000 Devry BUSN 380 Week 2 Quiz Latest Devry BUSN380 Week 2 Quiz Latest 2016 Jan.

  12. 1. 1.Question : (TCO 2) This type of tax is calculated based upon the value of land and buildings. Personal Real estate Direct Proportional Regressive Question 2. Question : (TCO 2) Interest earnings of $2,400 from a taxable investment for a person in a 28% tax bracket would result in after-tax earnings of $672. $1,728. $2,400. $3,333. $8,571. Question 3. Question : (TCO 2) _____ can reduce taxable income. Portfolio income Tax credits Exclusions Passive income Earned income Question 4. Question : (TCO 2) You have invested in the stock market and receive dividends. The dividend income must be reported as _____ income. passive earned

  13. investment capital gain excluded Question 5. Question : (TCO 2) George Washburn had earnings from his salary of $44,000, interest on savings of $800, a contribution to a traditional individual retirement account of $2,000, and dividends from mutual funds of $600. George’s adjusted income (AGI) would be $43,400. $44,000. $45,400. $42,000. $42,800. Question 6. Question : (TCO 2) _____ can be calculated as a result of various items being subtracted from gross income, such as individual retirement account contributions and alimony payments. Adjusted gross income Taxable income Earned income Passive income Total exclusions Question 7. Question : (TCO 2) Expenses that a taxpayer is allowed to deduct from adjusted gross income are called _____. exemptions exclusions itemized deductions

  14. tax credits passive income Question 8. Question : (TCO 2) Taxes owed can be reduced through _____. the standard deduction a tax credit an itemized deduction an exclusion an exemption Question 9. Question : (TCO 2) In order for a dependent to qualify as an exemption, he or she must be married. receive more than one half of his or her support from the taxpayer. be under age 16. be registered in school. be a relative. Question 10. Question : (TCO 2) People who _____ must make estimated quarterly tax payments. are employed in a foreign country. receive dividends. work for the government. do not have adequate amounts withheld from income. Question 11. Question : (TCO 2) A(n) _____ is an all-purpose account that provides several services. NOW account asset management account

  15. EFT account mutual fund money market account Question 12. Question : (TCO 2) An example of a _____ deposit is a checking account. common time current loan demand Question 13. Question : (TCO 2) An example of a place where one will encounter high fees for loans when borrowing money is a _____. credit union savings and loan association pawnshop commercial bank mutual savings bank Question 14. Question : (TCO 2) _____ are the major products offered by investment companies. Interest-bearing checking accounts Variable-rate loans Credit card accounts Savings bonds Mutual funds Question 15. Question : (TCO 2) One of the characteristics of a certificate of deposit is that it can have

  16. high interest-rate risk. low safety for savers. limited liquidity. a variable rate of return. no minimum deposit amount. Question 16. Question : (TCO 2) On a savings account, the rate of return can also be referred to as liquidity. compounding. yield. insolvency. asset management. Question 17. Question : (TCO 2) A savings account in which interest is compounded _____ would have the highest effective yield. daily annually semiannually monthly weekly Question 18. Question : (TCO 2) At times, funds deposited in an account may be restricted by_____. a holding period outstanding checks interest earned service charges

  17. electronic banking Question 19. Question : (TCO 2) Service fees would be _____ in the bank reconciliation process. added to the bank statement balance subtracted from the bank statement balance added to the checkbook balance subtracted from the checkbook balance Question 20. Question : (TCO 2) When an individual borrows money to purchase a new home, he or she will be charged a _____. prime rate discount rate mortgage rate Treasury bond rate corporate bond Devry BUSN 380 Week 3 Quiz Latest Devry BUSN380 Week 3 Quiz Latest 2016 Jan. 1. 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 Question 2. Question : (TCO 3) The maximum percentage of your net income that should be spent on credit purchases is recommended to be _____.

  18. 10% 20% 30% 40% 50% Question 3. Question : (TCO 3) One of the concerns and risks associated with cosigning is that you are not being asked to guarantee the debt. it is not your legal responsibility to pay the debt. you’ll have to pay up to the full amount of the debt if the borrower does not pay. the creditor must first try to collect from the borrower. the creditor cannot garnish your wages. Question 4. Question : (TCO 3) Dividing monthly debt payments (not including house payments) by net monthly income will allow you to calculate your _____. net-worth-to-debt ratio debt-payments-to-income ratio liability status credit capacity status income-to-liability ratio Question 5. Question : (TCO 3) In determining your credit capacity, you first provide for basic necessities, such as furniture. home furnishings. mortgage or rent. automobiles.

  19. durable goods. Question 6. Question : (TCO 3) If you ask to review your file within _____ days of being notified of a denial based upon a credit report, the credit bureau cannot charge you a disclosure fee. 10 60 30 40 20 Question 7. Question : (TCO 3) If a bank needs to examine the value of a specific asset when you are applying for a loan, this process refers to which aspect of the five Cs of lending? Character Capacity Collateral Capital Conditions Question 8. Question : (TCO 3) When reviewing your credit file, if you find that there is information that is incorrect, then there are legal remedies available to you. you have no legal remedies. credit bureaus are not required to change it. you can’t really do much about it. don’t worry much, because you will still get the credit. Question 9. Question : (TCO 3) All of the following reasons are reasonable situations when you would decide to use credit except

  20. borrowing for a stay in a hospital because of appendicitis. borrowing to pay for your expensive dinner and movie every week. borrowing to buy a printer for your home office now because you know it will be twice as expensive in 2 years. borrowing to purchase a car so that you can go to work full time. Question 10. Question : (TCO 3) Mary Jones has obtained a loan that must be paid over the next 12 months and she will use this money for a vacation. What type of credit is being used? Installment sales credit Incremental credit Single lump sum credit Revolving credit Installment cash credit Question 11. Question : (TCO 3) By evaluating your credit options, you can do all of the following except reduce your finance charges. reconsider your decision to borrow money. discover a less expensive type of loan. find a lender that charges a lower rate. purchase goods and services without specific limitations. Question 12. Question : (TCO 3) While collateralized loans may provide lower interest rates, these loans have a disadvantage because the loan must be repaid in a short period of time. you ruin your credit rating. the loan is difficult to obtain.

  21. commercial banks do not make such loans. the assets used as collateral are tied up until the loan has been repaid. Question 13. Question : (TCO 3) Referring to trends in credit union membership, it can be observed that membership has been restricted by the Tax Reform Act of 1986. declining gradually. static. growing steadily. restricted by state laws. Question 14. Question : (TCO 3) Which one of the following is a signal of a potential debt problem? Paying the maximum balance due each month Borrowing money to pay old debts Using savings to pay for major purchases Receiving notice of prompt payment from creditors Occasionally working overtime and moonlighting Question 15. Question : (TCO 3) Allison Smith starts the month with a balance of $1,100 on her credit card. On the 10th day of the month, she purchases $200 in clothes with her credit card. On the 15th day of the month, she makes a payment on her credit card of $500. The average daily balance for the month including the new purchase is $883. The average daily balance for the month excluding the new purchase is $750. Allison’s interest rate is 1.5% for the month. Allison’s bank calculates the finance charge on the credit card by using the adjusted balance method. What would Allison’s finance charges be for the month? $7.50 $9.00 $11.25

  22. $13.25 $16.50 Question 16. Question : (TCO 3) Jerry Dean starts the month with a balance of $1,500 on his credit card. On the 10th day of the month, he purchases $200 in clothes with his credit card. On the 15th day of the month, he makes a payment on his credit card of $500. The average daily balance for the month including the new purchase is $883. The average daily balance for the month excluding the new purchase is $750. Jerry’s interest rate is 1.5% for the month. Jerry’s bank calculates the finance charge on the credit card by using the previous balance method. What would Jerry’s finance charges be for the month? $7.50 $13.25 $15.00 $22.50 $18.00 Question 17. Question : (TCO 3) If Jeff rushes to purchase a home by obtaining an interest-only loan, and the reason why he wants a home is because he wants to have a house just like the one that his parents had when he was a teenager, this is an example of which of the following? . Misunderstanding or lack of communication The use of money to punish Overindulgence of children Keeping up with the Joneses The expectation of instant comfort Instructor Explanation: Chapter 7, page 234 Points Received: 1 of 1 Comments:

  23. Question 18. Question : (TCO 3) Steve has three children and has purchased each of them his or her own TV that is placed in his or her respective room. Which reason for indebtedness is this an example of? Misunderstanding or lack of communication Overindulgence of children The expectation of instant comfort Keeping up with the Joneses The use of money to punish Question 19. Question : (TCO 3) _____ families rely heaviest on student loans to finance college. Low-income Middle-income High-income Large Small Question 20. Question : (TCO 3) If Tracy Sears borrows $1,250 for 1 year with an APR of 9% with no service fees, what is her total cost of credit? $125 $112.50 $7.50 $9.38 $0 Devry BUSN 380 Week 4 Quiz Latest Devry BUSN380 Week 4 Quiz Latest 2016 Jan. 1. 1.Question : (TCO 5) Which of the following statements is false?

  24. 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. A long-term investment objective involves a time period of 2 years or less. Question 2. Question : (TCO 5) If an investment objective is considered to be long term, then this means the goal should be achieved in what time frame? Less than 2 years In 2–5 years More than 5 years Less than 1 year None of the above Question 3. Question : (TCO 5) You currently hold a $1,000 corporate bond; however, if interest rates in the overall economy decrease, which of the following is most likely to be the market value of this bond? The bond is worthless. $1,000 $900 $1,100 It is impossible to determine whether the bond’s value will increase or decrease. Question 4. Question : (TCO 5) Which of the following individuals should have the highest tolerance for risk? Joan Cummings, who is a single mother with two small children

  25. Darren Carter, who works for American Airlines and is worried that he is going to be laid off soon Barry Parks, who is an investment banker and earns over $200,000 per year Michael Clark, who is 74 years old and been retired for 6 years Fred Funderbunk, who delivers pizzas and makes about $15,000 per year Question 5. Question : (TCO 5) Mary Ann recently received a $20,000 gift from her uncle and is considering investing in stocks, because she knows that historically they have earned an approximately 10–12% rate of return over the last few years. Referring to aspects of investing, Mary Ann is most concerned about which of the following? Risk Return Diversification Liquidity Income Question 6. Question : (TCO 5) A $1,000 corporate bond pays 7.5% a year. What is the annual interest you will receive? $1,075 $7.50 $0.75 $75.00 $0 Question 7. Question : (TCO 5) _____ risk occurs when an investment does not keep up with increasing price levels in our economy. Market Interest

  26. Inflation Business failure Current Question 8. Question : (TCO 5) John Farmer recently received a legal form from the company where he owns stocks that list the issues to be decided at the annual stockholders’ meeting. The item asks that he signs something that allows someone else to vote for him. What has he received? Equity Proxy Voting rights Dividends None of the above Question 9. Question : (TCO 5) Matt Dannon just bought the stock of a company that provides him with the responsibility to approve major company actions. Which one of the following best characterizes this responsibility? Voting rights Proxy Equity Dividends None of the above Question 10. Question : (TCO 5) If Orlando Blodgett is buying the stock of the Getaway Caribbean Cruise Company. If he buys the stock today, knowing it is the first day it is selling without the dividend for this quarter, on what date is Orlando buying the stock? Record date Sale date Payment date

  27. Ex dividend date None of the above Question 11. Question : (TCO 5) Lindsey Holt owns stock in the Galloway Gems Company. She knows she will receive a $1.50 dividend each quarter. Given this, you know for sure that she purchased which type of stock? Preferred Common Blue chip Growth Penny Question 12. Question : (TCO 5) Dividends must be approved by a firm’s board of directors, and dividend payments are paid out of profits. dividends are guaranteed. dividends are paid before a firm’s taxes are paid. dividends are usually paid twice a year. dividends can be paid forever. Question 13. Question : (TCO 5) One option for long-term corporate financing is equity financing, and this is a popular choice because a lender is always available to provide this type of financing. it does not cost anything to sell in the primary market. repayment doesn’t have to be made for 10 years or more. only interest must be paid for the first 5 years. it does not have to be repaid. Question 14. Question : (TCO 5) Dividends will remain with the stock until

  28. 5 days after the date of record. two business days after the date of record. 5 days before the date of record. two business days before the date of record. 5 days before the actual payment date. Question 15. Question : (TCO 5) Nancy Groom owns one $1,000 corporate bond issued by Chevron. The bond has a yield of 10% and pays 8% interest semiannually. How much interest will Ms. Groom receive in 1 year? $50 $100 $80 $40 $1,000 Question 16. Question : (TCO 5) Which of the statements below is false? Stock is a form of equity capital. Stock does not have a maturity date. Bonds are a form of debt capital. Bonds do not have to be repaid at maturity. Interest payments are made to bondholders. Question 17. Question : (TCO 5) All of the statements are false except for which? Convertible corporate bonds are more secure than government bonds. Convertible bonds often pay 3–4% more interest than nonconvertible bonds. Because of the conversion feature, it is not necessary to evaluate convertible corporate bonds.

  29. Even if convertible bondholders convert their investment to common stock, the bondholders still receive interest payments. In reality, there is no guarantee that bondholders will convert to common stock even if the market value of the common stock does increase in value. Question 18. Question : (TCO 5) You have been thinking about investing in corporate bonds, but are seeking the most secure bond investment possible. Most likely, you would want to select _____ bonds. debenture subordinated indenture convertible mortgage Question 19. Question : (TCO 5) A(n) _____ fund is a fund to which annual or semiannual deposits are made for the purpose of redeeming a bond issue. serial indenture debenture sinking money Question 20. Question : (TCO 5) _____ bonds are a part of a single issue, but they mature on different dates. Serial Mortgage Sinking fund Subordinate

  30. Debenture Devry BUSN 380 Week 5 Quiz Latest Devry BUSN380 Week 5 Quiz Latest 2016 Jan. 1. 1.Question : (TCO 1) Referring to consumer purchases, an example of a personal opportunity cost is buying on credit. selecting a commonly known brand. the influence of advertising on consumers. time used to compare prices. government regulation of deceptive business-government activities in an effort to prevent consumer fraud. Question 2. Question : (TCO 1) The purpose of a cooperative is to solve consumer complaints. test consumer products for quality. lobby for changes in consumer protection laws. obtain brand-name items for less than wholesale. sell products or services to members at reduced prices. Question 3. Question : (TCO 1) _____ brand items are associated with high consistent quality. National Generic Regional Store Manufacturer Question 4. Question : (TCO 1) A 16-ounce package selling for $1.80 would have a unit price of

  31. $1.80. $28.80 a pound. 11.25¢ an ounce. $8.80 a quart. 12¢ an ounce. Question 5. Question : (TCO 1) A(n) _____ warranty is a specific agreement created by the seller or manufacturer. open implied express contingent limited Question 6. Question : (TCO 1) The purpose of the _____ is to assist with consumer complaints and also to provide consumer information. Better Business Bureau Federal Trade Commission Underwriters Laboratories Consumers Union Consumer Action Question 7. Question : (TCO 1) The difference between mediation and arbitration is that the latter involves government officials. is legally binding. is only available in certain states. allows compromise through negotiation.

  32. requires the use of a lawyer. Question 8. Question : (TCO 1) In order for a class action suit to be taken and also to be valid, it must be a legal problem against a government agency. cover an amount less than the limit set by the state. be a case that would not be handled by an attorney. involve low-income individuals. involve several people with the same problem. Question 9. Question : (TCO 1) When a used car has an implied warranty, this means that major repairs are the responsibility of the seller. government agencies will repair safety defects. the vehicle must be in operating condition. hidden defects will be repaired at no cost to the buyer. a vehicle must operate properly for at least 1 year. Question 10. Question : (TCO 1) When reviewing the Edmund’s Guide, you will find information pertaining to safety problems of existing vehicles. price data. sales of stolen vehicles. cars available for sale from government agencies. car repairs. Question 11. Question : (TCO 3) When buying a home, one additional cost of ownership will consist of renter’s insurance.

  33. property taxes. annual appreciation of the property. the security deposit. interest lost on the security deposit. Question 12. Question : (TCO 3) A home owner will often realize a benefit of a low security deposit. increased property value. the amortization of the growth of equity. the tax deductibility of the down payment. low maintenance. Question 13. Question : (TCO 3) An individual could afford to spend more on a home if the following occurs. High monthly living expenses Increased interest rates Decreased down payment Many other financial obligations Increased family income Question 14. Question : (TCO 3) The purpose of a real estate agent is to assist an individual in obtaining funds for a down payment. setting the purchase price. offering new home warranties. getting a mortgage. making important calls.

  34. Question 15. Question : (TCO 3) Todd Foley is applying for a $100,000 mortgage. He can get a $600 monthly payment for principal and interest and no points, or a $550 monthly payment with one point. How many months will it take Todd to cover the cost of the discount points if he takes the lower monthly payment? 6 12 20 2 25 Question 16. Question : (TCO 3) An example of a conventional mortgage would be an FHA mortgage. a buy-down. a home equity loan. a shared appreciation mortgage. a fixed-rate mortgage. Question 17. Question : (TCO 3) A(n) _____ is an interest rate subsidy provided by a builder or real estate developer to assist with home affordability. FHA-insured loan balloon mortgage growing equity mortgage shared appreciation mortgage buy-down Question 18. Question : (TCO 3) When _____, homeowners may consider refinancing their mortgage.

  35. interest rates rise two or more points are required by the lender at the time of closing the escrow account balance declines interest rates fall property values decrease Question 19. Question : (TCO 3) You should still contact and use a(n) _____ if you sell your home without the use of a real estate agent. Student Answer: broker insurance agent rental agent contractor lawyer Question 20. Question : (TCO 3) If Jennifer Garland lives in a home assembled in a factory that was then moved to the living site, she is most like living in a condominium. prefabricated home. cooperative. duplex. single family dwelling. Devry BUSN 380 Week 6 Quiz Latest Devry BUSN380 Week 6 Quiz Latest 2016 Jan. 1. 1.Question : (TCO 4) _____ risks refer to potential losses due to negligence resulting in bodily harm or property damage to others. Speculative

  36. Liability Property Personal Commercial Question 2. Question : (TCO 4) If you decide to install a new home security system with cameras, this is an example of _____ risk. shifting accepting transferring sharing reducing Question 3. Question : (TCO 4) The failure to take ordinary and reasonable care is referred to as negligence. a benefit. damage. high risk. a hazard. Question 4. Question : (TCO 4) If a worker damages your home while painting several rooms, and you take action against the worker’s employer to cover the cost of the damage, this is an example of a(n) _____ liability. umbrella vicarious common situation peril

  37. assigned Question 5. Question : (TCO 4) Which of the following is not considered personal property for home insurance coverage? An automobile A garage Furniture Appliances A permanently installed air conditioning unit Question 6. Question : (TCO 4) State Farm has provided a quote to you for an umbrella policy. This type of policy provides coverage for expensive personal property. additional buildings on your property. property when traveling away from home. major personal liability suits. flood damage. Question 7. Question : (TCO 4) When obtaining a home insurance policy, you will find that most will already provide coverage for earthquake damage. flood damage. medical payments. personal property floaters. an umbrella liability. Question 8. Question : (TCO 4) If claims need to be settled based on the current replacement cost of a damaged or lost item less depreciation, then the _____ method should be used.

  38. replacement value actual cash value umbrella endorsement personal property floater Question 9. Question : (TCO 4) Your home insurance policy has a $250 deductible. If a small fire causes $900 of damage to your home, what amount of the claim would the insurance company pay? $250 $0 $900 $650 Not able to determine from this information Question 10. Question : (TCO 4) _____ coverage pays for medical care for people who were injured in your automobile. Comprehensive Bodily injury liability Collision Medical payments No-fault insurance Question 11. Question : (TCO 4) The 50 in 100/300/50 refers to _____ coverage. collision bodily injury liability property damage liability

  39. medical payments comprehensive physical damage Question 12. Question : (TCO 4) If Lisa Johnson is in an accident and the other driver is legally at fault, _____ coverage would pay for damage to her vehicle. uninsured motorists protection collision comprehensive physical damage property damage liability assigned risk Question 13. Question : (TCO 4) Individuals and families purchase life insurance primarily to pay liability claims resulting from accidents. fill financial needs created by the loss of the breadwinner. fund lavish retirement vacations. keep up with people with a similar financial situation. make early retirement possible. Question 14. Question : (TCO 4) You probably have little or no need for life insurance if you are a single person living alone or with parents. divorced and have two children. married and your spouse works. gainfully employed. a household with several children. Question 15. Question : (TCO 4) Your annual income is $50,000. What is your life insurance need based on the easy method? $245,000

  40. $300,000 $345,000 $400,000 $450,000 Question 16. Question : (TCO 4) Which type of insurance is sometimes called temporary insurance? Whole life Term Straight life Ordinary life Modified life Question 17. Question : (TCO 4) All of the following are innovative ways that concerned groups are containing healthcare costs except for the establishment of incentives to encourage preventive care. encouraging the use of prepaid group practices. the establishment of community education programs so people can learn to take better care of themselves. encouraging doctors to pay cash for routine medical costs. picketing at hospitals and physician offices. Question 18. Question : (TCO 4) In order to reduce your healthcare costs, you should do your best to live dangerously. gain a little extra weight. smoke and drink.

  41. stay well. not seek medical care. Question 19. Question : (TCO 4) Because coverage and costs can vary from company to company, it is important to shop carefully for _____ coverage. group health individual health hospital expense surgical expense physician’s expense Question 20. Question : (TCO 4) A(n) _____ policy might not cover all of your health insurance needs or may deny benefits if you lose your job. comprehensive medical individual health basic health group health disability income Devry BUSN 380 Week 7 Quiz Latest Devry BUSN380 Week 7 Quiz Latest 2016 Jan. 1. 1.Question : (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? $48.00 $30.00 $36.66 $27.50

  42. $1 Question 2. Question : (TCOs 6 and 7) A(n) _____ mutual fund is one in which no sales charge is paid by the individual investor. closed-end open-end no-load load convertible fund Question 3. Question : (TCOs 6 and 7) The All-Star Basic Value Fund’s portfolio is valued at $215 million. The fund has liabilities of $5 million, and the investment company sponsoring the fund has issued 15 million shares. What is the fund’s net asset value? $14.33 $14.00 $21.50 $21.00 $3.00 Question 4. Question : (TCOs 6 and 7) A(n) _____ fund is a mutual fund that invests in stocks issued by companies with a long history of paying dividends. balanced equity income industry sector money market

  43. Question 5. Question : (TCOs 6 and 7) A mutual fund that invests in the common stocks of companies in the same industry is called a(n) _____ fund. growth-income income sector small-cap money market Question 6. Question : (TCOs 6 and 7) The two real estate investment classifications consist of participating or nonparticipating. common or preferred. cumulative or noncumulative. direct or indirect. None of the above Question 7. Question : (TCOs 6 and 7) Single-family houses are typically expected to observe the following pattern. Values tend to rise, providing a possible hedge against inflation. Values rise less than the Consumer Price Index. Values remain stable in the northern parts of the United States. Values tend to rise in New England states, but decline in the South. Values remain unchanged in the United States. Question 8. Question : (TCOs 6 and 7) Which REIT pools money to finance construction loans? Mortgage REIT Compound REIT Hybrid REIT

  44. Simple REIT Equity REIT Question 9. Question : (TCOs 6 and 7) You should invest in _____ if you want a risk-proof real estate investment. REITs real estate limited partnerships participation certificates (PCs) real estate syndicates Post Office buildings Question 10. Question : (TCOs 6 and 7) You have purchased a condominium in Orlando, FL in order to rent out rooms to vacationers. What type of investment have you made? Direct investment in real estate Indirect investment in real estate Investment in precious metals Investment in collectibles Investment in gems Question 11. Question : (TCOs 6 and 7) By the time you reach your _____ birthday, you should have established a comprehensive retirement plan. 25th 35th 45th 55th 65th Question 12. Question : (TCOs 6 and 7) The average life expectancy of a woman at age 65 is

  45. 9 years. 16 years. 13 years. 11 years. 19 years. Question 13. Question : (TCOs 6 and 7) If your mortgage is largely or completely paid off, then you may be eligible for a reverse mortgage annuity. variable annuity. mortgage advance. regional-based annuity. mortgage package. Question 14. Question : (TCOs 6 and 7) The of division of pensions in a divorce situation primarily depends on the _____. length of the divorce period husband’s generosity length of the marriage judge’s decision Question 15. Question : (TCOs 6 and 7) When you retire, which one of the following expenditures is likely to decrease? Medical expenses Insurance expenses Clothing expenses Expenses for leisure activities

  46. Gifts and contributions Question 16. Question : (TCOs 6 and 7) Estate planning involves all but which of the following? Managing your property while you are alive Dealing with what happens to that property after your death. Your family’s financial security in the event of your death Your family’s financial security in the event of your spouse’s death Deciding on working part time into retirement age Question 17. Question : (TCOs 6 and 7) _____ refers to what Gerald Wilkins has in his possession and owns, including a home worth $250,000, a car worth $15,000, various investments worth $600,000, and other personal assets worth $25,000. A trust A will An estate Probate None of the above Question 18. Question : (TCOs 6 and 7) If you do not have a valid will when you die, the IRS confiscates your property. the federal court decides how the property should be distributed. your relatives or friends will get the property. your local custom will determine how the property is distributed. the state’s law of descent and distribution becomes your will. Question 19. Question : (TCOs 6 and 7) Which is a will that leaves everything to your spouse when you die? A stated dollar amount will

  47. A traditional marital share will An exemption trust will A simple will Question 20. Question : (TCOs 6 and 7) Under a(n) _____, everything will pass to your spouse when you die, with the exception of an amount equal to the exemption, which passes into trust. simple will traditional marital share will exception will stated dollar amount will exemption trust will Devry BUSN 380 ALL Week Problem Set Latest Devry BUSN 380 Week 1 Problem Set 1 Latest Problem Set 1 (Note: Some of these problems require the use of the time value of money tables in the Chapter 1 Appendix). 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? 2. 2.At an annual interest rate of five percent, how long would it take for your savings to double? 3. 3.In the mid-1990s, selected automobiles had an average cost of $12,000.The average cost of those same motor vehicles is now $20,000. What was the rate of increase for this item between the two time periods? 4. 4.A family spends $28,000 a year for living expenses.If prices increase by 4 percent a year for the next three years, what amount will the family need for its living expenses? 5. 5.What would be the yearly earnings for a person with $6,000 in savings at an annual interest rate of 5.5 percent?

  48. 6. 6.Elaine Romberg prepares her own income tax return each year.A tax preparer would charge her $60 for this service.Over a period of 10 years, how much does Elaine gain from preparing her own tax return? Assumes she can earn 3 percent on her savings. 7. 7.Tran Lee plans to set aside $1,800 a year for the next six years, earning 4 percent.What would be the future value of this savings amount? 8. 8.If you borrow $8,000 with a 5 percent interest rate to be repaid in five equal payments at the end of the next five years, what would be the amount of each payment? (Note: Use the present value of an annuity table in the Chapter 1 Appendix.) 9. 9.Based on the following data, compute the total assets, total liabilities, and net worth. Liquid assets, $3,670 Household assets, $89,890 Investment assets, $8,340 Long-term liabilities, $76,230 Current liabilities, $2,670 10.Which of the following employee benefits has the greater value? Use the formula given in the “Financial Planning Calculations” –“Tax-Equivalent Employee Benefits” box found in Chapter 2 to compare these benefits. (Assume a 28 percent tax rate.) A nontaxable pension contribution of $4,300 or the use of a company car with a taxable value of $6,325. Devry BUSN 380 Week 2 Problem Set 2 Latest Problem Set 2 1. 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 Adjustments to income, $1,150 What amount would Thomas report as taxable income? 2. 2.What would be the net annualcost of the following checking account?

  49. Monthly fee, $3.75; processing fee, 25 cents per check; checks written, an average of 22 a month. 3. 3.What would be the average tax rate for a person who paid taxes of $4,864.14 on a taxable income of $39,870? 4. 4.A payday loan company charges 4 percent interest for a two-week period.What would be the annual interest rate from that company? 5. 5.What is the annual opportunity cost of a checking account that requires a $350 minimum balance to avoid service charges? Assume an interest rate of 6.5 percent. Devry BUSN 380 Week 3 Problem Set 3 Latest Problem Set 3 1. 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. Her monthly payment on an automobile loan is $285. What is Louise’s debt payments- to-income ratio? Is Louise living within her means? 2. 2.Calculating Debt Payments – to – Income Ratio.Suppose that your monthly net income is $2,400. Your monthly debt payments include your student loan payment, a gas credit card and they total $360. What is your debt payments – to – income ratio? 3. 3.Dave borrowed $500 for one year and paid $50 in interest.The bank charged him a $5 service charge. A- What is the finance charge on this loan? B- Dave borrowed $500 on January 1, 2006, and paid it all back at once on December 31, 2006. What was the APR? C- If Dave paid the $500 in 12 equal monthly payments, what is the APR? 4. 4.Calculating Simple Interest on a Loan.Damon convinced his aunt to lend him $2,000 to purchase a plasma digital TV. She has agreed to charge only 6 % simple interest, and he has agreed to repay the loan at the end of one year. How much interest will he pay for the year?

  50. 5. 5.After visiting several automobile dealerships, Richard Welch selects the car he wants.He likes its $10,000 price, but financing through the dealer is no bargain. He has $2,000 cash for a down payment, so he needs an $8,000 loan. In shopping at several banks for an installment loan, he learns that interest on most automobile loans is quoted at add-on rates. That is, during the life of the loan, interest is paid on the full amount borrowed even though a portion of the principal has been paid back. Richard borrows $8,000 for a period of four years at an add-on interest rate of 11 percent. QUESTIONS 1. a.What is the total interest on Richard’s loan? 2. b.What is the total cost of the car? 3. c.What is the monthly payment? 4. d.What is the annual percentage rate (APR)? Devry BUSN 380 Week 4 Problem Set 4 Latest Problem Set 4 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. 2. a.What is the amount of profit you earned on each share of IBM stock? 3. b.What is the total amount of profit for your IBM investment? 4. 2.Calculating Rate of Return.Assume that at the beginning of the year, you purchase an investment for $8,000 that pays $100 annual income. Also assume the investment’s value has decreased to $7,400 by the end of the year. 1. a.What is the rate of return for this investment? 2. b.Is the rate of return a positive or negative number? 3. 3.Calculating Earnings Per Share, Price-Earnings Ratio, and Book Value.As a stockholder in Bozo Oil Company, you receive its annual report. In the financial statements, the firm has reported assets of $9 million, liabilities of $5 million, after- tax earnings of $2 million, and 750,000 outstanding shares of common stock. 4. a.Calculate the earnings per share of Bozo Oil’s common stock.

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