FIN 1O1/102/202
BUS/110.
BUSINESS
wiseman 2026/2027 BUSINESS
, FIN 101 FINAL Exam questions
with correct answers
2026/2027 Edition Graded A+
a cash surplus will typically produce positive savings ratio - ✅✅true
you have a balanced budget when total income for the year equals or
exceeds total expenditures for the year - ✅✅true
you may be under-budgeting for food if you continually have monthly
deficits in the food category - ✅✅true
if your net worth on the balance sheet would have increased from one
period to the next - ✅✅assets increased and liabilities remain
constant
if your total assets equal $50,000 and your total liabilities equal
$15,000; your debt ratio is - ✅✅15,000/50,000 = 30%
Kim's net worth is $85,000 and her total assets are $100,000. What is
her solvency ratio? - ✅✅85,000/100,000 = 85%
, Rosa & Jose have liquid assets of $5,000 and other assets of $50,000.
Their total liabilities equal $26,000. What is their net worth? -
✅✅5,000+50,000=55,000
55,000-26,000=29,000
net worth: $29,000
Inflation this year is expected to be 4%. If Mr. Gonza earned $37,000
this year, how much must he earn the following year just to keep up
with inflation and maintain the balance between his income and his
increasing expenditures? - ✅✅37,000x.04=1,480
37,000+1,480=38,480
must earn: $38,840
Jamie wants to have $1,000,000 for her retirement in 25 years. How
much should she save at the END of each year if she thinks she can
earn 10% on her investments? - ✅✅TVM Table @ 10% for 25 yrs:
98.34706
1,000,000/98.34706=10,168.07
save: $10,168.07
You wish to accumulate a retirement fund of $300,000 in 25 years. If
you can invest at 7%, what single lump-sum deposit must you make
today in order to achieve your goal? - ✅✅300,000 = (1 +.07 )^25 + x
x=55,274.75
BUS/110.
BUSINESS
wiseman 2026/2027 BUSINESS
, FIN 101 FINAL Exam questions
with correct answers
2026/2027 Edition Graded A+
a cash surplus will typically produce positive savings ratio - ✅✅true
you have a balanced budget when total income for the year equals or
exceeds total expenditures for the year - ✅✅true
you may be under-budgeting for food if you continually have monthly
deficits in the food category - ✅✅true
if your net worth on the balance sheet would have increased from one
period to the next - ✅✅assets increased and liabilities remain
constant
if your total assets equal $50,000 and your total liabilities equal
$15,000; your debt ratio is - ✅✅15,000/50,000 = 30%
Kim's net worth is $85,000 and her total assets are $100,000. What is
her solvency ratio? - ✅✅85,000/100,000 = 85%
, Rosa & Jose have liquid assets of $5,000 and other assets of $50,000.
Their total liabilities equal $26,000. What is their net worth? -
✅✅5,000+50,000=55,000
55,000-26,000=29,000
net worth: $29,000
Inflation this year is expected to be 4%. If Mr. Gonza earned $37,000
this year, how much must he earn the following year just to keep up
with inflation and maintain the balance between his income and his
increasing expenditures? - ✅✅37,000x.04=1,480
37,000+1,480=38,480
must earn: $38,840
Jamie wants to have $1,000,000 for her retirement in 25 years. How
much should she save at the END of each year if she thinks she can
earn 10% on her investments? - ✅✅TVM Table @ 10% for 25 yrs:
98.34706
1,000,000/98.34706=10,168.07
save: $10,168.07
You wish to accumulate a retirement fund of $300,000 in 25 years. If
you can invest at 7%, what single lump-sum deposit must you make
today in order to achieve your goal? - ✅✅300,000 = (1 +.07 )^25 + x
x=55,274.75
