WGU D363 PERSONAL FINANCE EXAM (LATEST) QUESTIONS WITH SOLVED ANSWERS 100% CORRECT!!

WGU D363 PERSONAL
FINANCE EXAM
(LATEST) QUESTIONS
WITH SOLVED
ANSWERS 100%
CORRECT!!
Evatee 8/10/24 WGU D363

,WGU D363 PERSONAL FINANCE EXAM
(LATEST) QUESTIONS WITH SOLVED
ANSWERS 100% CORRECT!!


Sophia is creating a personal budget. She starts by listing her monthly income
and expenses.
Which financial statement did Sophia create?


Cash-flow statement


Net worth


Financial ratio


Balance sheet Answer - Cash-flow statement


A summary of income and expenses for a given period of time.


Cash-flow statement


Net worth


Financial ratio


Balance sheet Answer - 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?


Income and expense statement


Cash-flow statement


Cash equivalent statement


Balance sheet Answer - Balance sheet


Provides a quick view of one's assets, liabilities, and net worth.


Income and expense statement


Cash-flow statement


Cash equivalent statement


Balance sheet Answer - 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?


Fixed


Variable


Recurring


Surplus Answer - Variable


Expenses which an individual has control. This is where one can look to save
money each month.


Fixed


Variable


Recurring


Surplus Answer - 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)