BUSI 352 midterm exam Liberty University answers complete solutions (Latest Different Graded 2019/20 Versions)
BUSI 352 midterm exam Liberty University answers complete solutions Complete many different versions to get an A on your grade! The below shown is just one version sample. Download it for more and ace on your quizzes and exams! Question 1 Which of the following statements is/are correct? 1: The emergency fund ratio metric should be 3 to 6 months of nondiscretionary cash flows. 2: When calculating the savings rate for a family, any contributions to retirement made by the employer should be included. Question 2 For valuation purposes, balance sheet liabilities should be recorded at their: Question 3 Behavioral investors have been characterized as those who tend to choose portfolios by evaluation and decisions based on expected wealth, desire for security, aspiration levels, and probabilities of aspiration levels. Question 10 Traditional Finance slowed down market analysis and hampered investors and those participating in the market at a time when some may have been intimidated by or felt ignorant of available market information or financial data. Question 11 Which of the following is NOT true with respect to heuristics in the realm of financial advice? Question 26 Which of the following is not one of the five general categories that make up a client’s internal data? Question 29 Holly’s salary is $100,000 per year. She contributes 12% of her salary to her 401(k) plan. Her employer contributes 5% of her salary to a profit share plan. She also contributes $2,500 per year to an IRA. What is Holly’s savings rate? Question 34 Pat and Marie have the following expenses and account balances. Pat’s annual 401(k) plan contribution $16,500 Pat’s annual salary $100,000 Current liabilities $24,000 Housing costs (P&I and T&I) monthly $2,167 Cash & Cash equivalents $18,000 Monthly nondiscretionary cash flows $6,000 Monthly debt payments other than housing $500 Pat’s employer matches $1 for $1 up to 3% of Pat’s salary in his 401(k) plan. Based on the information above, calculate Pat and Marie’s current ratio in numbers. Question 35 Jeff recently purchased a house for $350,000. He made a down payment of $50,000 and financed the balance over 30 years at 7%. If Jeff's first payment is due on March 1st of the current year, how much interest expense will Jeff pay in the current year? Question 51 Seven years ago, Stan purchased 10 shares of an aggressive growth mutual fund at $90 per share for a total of $900. Today, he sold all 10 shares for $4,500. What was his average annual rate of return on this investment before tax? Question 52 Beth earns $100,000 working as a parttime lawyer in New Orleans. The company provides a matching contribution to the 401(k) plan of 50% of her contribution up to a maximum contribution of 4% of compensation. Her 401(k) plan account had $60,000 in it at the beginning of the year. She contributed $15,000 to the plan this year, and the employer made the matching contribution before yearend. The ending balance of the account is $100,000. What is her savings rate this year? Question 70 Your client invested $10,000 in an interest bearing promissory note earning an 11% annual rate of interest, compounded monthly. How much will the note be worth at the end of 7 years, assuming that all interest is reinvested at the 11% rate? Question 75 All of the following statements concerning educational fund 529 Savings Plans is correct except:
Written for
- Institution
-
Liberty University
- Module
-
BUSI 352 (BUSI352)
Document information
- Uploaded on
- December 9, 2019
- File latest updated on
- December 9, 2019
- Number of pages
- 37
- Written in
- 2019/2020
- Type
- Exam (elaborations)
- Contains
- Unknown
Subjects
- busi 352
- busi 352 midterm exam
-
busi 352 midterm exam liberty university
-
beth earns 100
-
000 working as a parttime lawyer in new orleans the company provides a matching contribution to the 401k pla
