BUSN 380 STUDY Career Path Begins/busn380study.com

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BUSN 380 STUDY Career Path Begins/busn380study.com
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Final Exam Guide (New) FOR MORE CLASSES
VISIT www.busn380study.com 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. Her decision to work at this job is an
example of (Points Question 2.2. (TCO 1)
Marinda Smart is interested in purchasing new
appliances for her kitchen that collectively will
cost her approximately 5,000. She knows that she
could obtain financing for her purchase, but
recently heard rumors that there may be layoffs
where she works and is concerned about her
employment.
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 1 Problem Set 1 FOR MORE CLASSES
VISIT www.busn380study.com 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? 2. At an annual interest rate of five
percent, how long would it take for your savings
to double? 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?
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 1 Quiz Set 1 FOR MORE CLASSES VISIT
www.busn380study.com 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. a decision-making process. a
dilemma. Question 2. Question (TCO 1) In
financial planning, a major activity component
involves the allocation of current resources
for spending.
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 1 Quiz Set 2 FOR MORE CLASSES VISIT
www.busn380study.com 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. Question 2.2. (TCO 1) When
bankruptcy is experienced, this can be the result
of poor decisions in the _____ component of
financial planning.
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 2 Problem Set 2 FOR MORE CLASSES
VISIT www.busn380study.com 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 Adjustments to
income, 1,150 What amount would Thomas report as
taxable income?
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 2 Quiz Set 1 FOR MORE CLASSES VISIT
www.busn380study.com 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 Value added Question 2. 2.
(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
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 2 Quiz Set 2 FOR MORE CLASSES VISIT
www.busn380study.com 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. Question 2. (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 Question 3.3. (TCO 2) _____
can reduce taxable income.
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 3 Problem Set 3 FOR MORE CLASSES
VISIT www.busn380study.com Problem Set 3 1.
Louise McIntyres 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
Louises debt payments-to-income ratio? Is Louise
living within her means? 2. Calculating Debt
Paymentsto-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?
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 3 Quiz Set 1 FOR MORE CLASSES VISIT
www.busn380study.com 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 Question 2. Question (TCO 3) When
obtaining open-end credit, you may see this being
offered as installment credit. a box of credit.
convenience credit. revolving credit. a single
lump-sum credit.
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 3 Quiz Set 2 FOR MORE CLASSES VISIT
www.busn380study.com 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 Question 2. 2. (TCO 3) A
creditor may set a maximum amount of credit that
a person is allowed, and this is called a(n)
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 3 Quiz Set 3 FOR MORE CLASSES VISIT
www.busn380study.com 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 Question 2. When obtaining open-end
credit, you may see this being offered as
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 4 Assignment Project 1 Job Search
and Personal Budget (2 Projects) FOR MORE CLASSES
VISIT www.busn380study.com 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. Some useful job search websites Monster
(lta href"http//www.monster.com/"gtwww.monster.com
lt/agt), Career Builder , and Jobs
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 4 Problem Set 4 FOR MORE CLASSES
VISIT www.busn380study.com 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. a. What is the amount of profit you
earned on each share of IBM stock? b. What is
the total amount of profit for your IBM
investment? 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 investments value
has decreased to 7,400 by the end of the year.
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 4 Quiz Set 1 FOR MORE CLASSES VISIT
www.busn380study.com 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.
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.
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 4 Quiz Set 2 FOR MORE CLASSES VISIT
www.busn380study.com 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 25
years More than 5 years A year or
less None of the above Question 2. 2.
(TCO 5) If an investment objective is considered
to be long term, then this means the goal should
be achieved in what time frame?
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 4 Quiz Set 3 FOR MORE CLASSES VISIT
www.busn380study.com 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. A long-term
investment objective involves a time period of 2
years or less. Question 2. 2. (TCO 5) Eric Peltz
earns 70,000 a year. His monthly expenses total
3,600. What is the minimum amount of money that
Mr. Peltz should set aside in an emergency fund?
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 5 Problem Set 5 FOR MORE CLASSES
VISIT www.busn380study.com 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 Tammy rated the brands as follows Using the
Consumer Buying Matrix (p. 252), conduct a
quantitative product evaluation rating for each
brand. What other factors is Tammy likely to
consider when making her purchase?
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 5 Quiz FOR MORE CLASSES VISIT
www.busn380study.com 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 Question 2. 2. (TCO 1) The purpose of a
cooperative is to (Points 1) solve
consumer complaints. test consumer
products for quality. lobby for changes
in consumer protection laws. obtain
brand-name items for less than wholesale.
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 5 You Decide Potential Purchase Of
A Home (2 Papers) FOR MORE CLASSES VISIT
www.busn380study.com 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. Your
Assignment You will first need to research the
housing market and compare the values of two
similar homes in two different areas. The two
homes must be extremely similar in structure
size, land size, year built, and additions such
as swimming pools or barns.
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 6 Assignment Project 2 Car Buying
(2 Projects) FOR MORE CLASSES VISIT
www.busn380study.com 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. Second, go to a web site
such as cars.com and search for a car in within
your budget constraint. Third, go to a web site
such as the one for the Kelly Blue Book, and find
out whether the car is at market value,
overpriced, or underpriced.
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 6 Problem Set 6 FOR MORE CLASSES
VISIT www.busn380study.com 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. c. Vandalism that
does 425 of damage to a home the insured has a
500 deductible. 2. Beverly and Kyle Nelson
currently insure their cars with separate
companies paying 650 and 575 a year. If they
insure both cars with the same company, they
would save 10 percent on the annual premiums.
What would be the future value of the annual
savings over ten years based on an annual
interest rate of 6 percent?
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 6 Quiz FOR MORE CLASSES VISIT
www.busn380study.com 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. Question 2. 2. (TCO
4) If you decide to install a new home security
system with cameras, this is an example of _____
risk. (Points 1) shifting
accepting transferring sharing
reducing
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 7 Problem Set 7 FOR MORE CLASSES
VISIT www.busn380study.com 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 2.
Calculating the Rate of Return of Investment
Using Financial Leverage. Suppose Shaan invested
just 10,000 of his own money and had a 90,000
mortgage with an interest rate of 8.5 percent. If
after three years he sold the property for
120,000.
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BUSN 380 STUDY Career Path Begins/busn380study.com
BUSN 380 Week 7 Quiz FOR MORE CLASSES VISIT
www.busn380study.com 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
1 Question 2.2. (TCOs 6 and 7) A(n) _____
mutual fund is one in which investors pay a
commission every time they purchase shares.
(Points 1)
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