WGU D363 SECTION 1
ASSESMENT
QUESTIONS WITH
COMPLETE
SOLUTIONS, 2024!!
D363
Evatee 8/10/24 WGU D363
,WGU D363 SECTION 1 ASSESMENT
QUESTIONS WITH COMPLETE SOLUTIONS,
2024!!
Sophia is creating a personal budget. She starts by listing her monthly income
and expenses.
Which financial statement did Sophia create?
A) Cash-flow statement
B) Net worth
C) Financial ratio
D) Balance sheet Answer - A) Cash-flow statement
Malik is reviewing a list of assets and liabilities. He uses the information shown
in the table to evaluate his net worth.
Total Assets: $45,000
Total Liabilities: $22,000
Net Worth: $23,000
Which financial statement is Malik reviewing?
A) Income and expense statement
, B) Cash-flow statement
C) Cash equivalent statement
D) Balance sheet Answer - D) Balance sheet
Diego is reviewing his personal budget to see where he can control his
spending so he can save more money each month.
Which type of expenses would Diego be reviewing?
A) Fixed
B) Variable
C) Recurring
D) Surplus Answer - B) Variable
Mei receives $5,000 per month in after-tax pay. She is reviewing the following
information for the current month.
Category(Income)/Expense
Income: ($5,000)
Rent: $1,200
Electricity: $150
Automobile loan: $250
Groceries: $150
Internet: $60
Mobile Phone: $80
Which type of financial statement is Mei reviewing?
ASSESMENT
QUESTIONS WITH
COMPLETE
SOLUTIONS, 2024!!
D363
Evatee 8/10/24 WGU D363
,WGU D363 SECTION 1 ASSESMENT
QUESTIONS WITH COMPLETE SOLUTIONS,
2024!!
Sophia is creating a personal budget. She starts by listing her monthly income
and expenses.
Which financial statement did Sophia create?
A) Cash-flow statement
B) Net worth
C) Financial ratio
D) Balance sheet Answer - A) Cash-flow statement
Malik is reviewing a list of assets and liabilities. He uses the information shown
in the table to evaluate his net worth.
Total Assets: $45,000
Total Liabilities: $22,000
Net Worth: $23,000
Which financial statement is Malik reviewing?
A) Income and expense statement
, B) Cash-flow statement
C) Cash equivalent statement
D) Balance sheet Answer - D) Balance sheet
Diego is reviewing his personal budget to see where he can control his
spending so he can save more money each month.
Which type of expenses would Diego be reviewing?
A) Fixed
B) Variable
C) Recurring
D) Surplus Answer - B) Variable
Mei receives $5,000 per month in after-tax pay. She is reviewing the following
information for the current month.
Category(Income)/Expense
Income: ($5,000)
Rent: $1,200
Electricity: $150
Automobile loan: $250
Groceries: $150
Internet: $60
Mobile Phone: $80
Which type of financial statement is Mei reviewing?
