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FOR MORE CLASSES VISITwww.busn380study.comTCO 1 Time value of money relationships & applications; opportunity costs; personal financial statements -Problem Set 1

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BUSN 380 Slingshot Academy / busn380study.com

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### BUSN 380 Slingshot Academy / busn380study.com

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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?

### 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.

### 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

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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.

### 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

### 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.

### 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.

### 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.

### 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

• Researching alternatives

• Identifying the problem

### 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.

### 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.

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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

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