BUSN 380 Course Extraordinary Success/ tutorialrank.com

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2. 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. Her decision to work at this job is an example of (Points : • TCO 1 Time value of money relationships & applications; opportunity costs; personal financial statements -Problem Set 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? • At an annual interest rate of five percent, how long would it take for your savings to double? BUSN 380 Course Extraordinary Success tutorialrank.com

3. 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. • 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 Course Extraordinary Success tutorialrank.com

4. 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 • 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 BUSN 380 Course Extraordinary Success tutorialrank.com

5. 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. Her monthly payment on an automobile loan is $285. What is Louise’s debt payments-to-income ratio? Is Louise living within her means? BUSN 380 Course Extraordinary Success tutorialrank.com

6. 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 BUSN 380 Course Extraordinary Success tutorialrank.com

7. 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 • 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 Course Extraordinary Success tutorialrank.com

8. 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. • 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? • 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. BUSN 380 Course Extraordinary Success tutorialrank.com

9. 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. • A long-term investment objective involves a time period of 2 years or less. BUSN 380 Course Extraordinary Success tutorialrank.com

10. 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 • Tammy rated the brands as follows: • 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. BUSN 380 Course Extraordinary Success tutorialrank.com

11. BUSN 380 Week 5 You Decide Potential Purchase Of A Home (2 Papers) BUSN 380 Week 6 Assignment Project 2 Car Buying (2 Projects) • 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. • 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 Course Extraordinary Success tutorialrank.com

12. 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. • 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 BUSN 380 Course Extraordinary Success tutorialrank.com

13. 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 • 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 BUSN 380 Course Extraordinary Success tutorialrank.com

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