FINANCIAL

Personal Financial Planning Exam Review ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS Babe Ruth Rule - CORRECT ANSWERSAlways develop 3 plans for achieving your financial goals stuff happens - CORRECT ANSWERSmake sure your financial plans are flexible and liquid because... true - CORRECT ANSWERSYou should maximize your after tax earnings 30,000 - CORRECT ANSWERSIf my annual salary is $40,000, what would be my estimated take home pay? 3-6 months - CORRECT ANSWERShow much living...

ICH E6(R2)- Interpretation and Application ACTUAL QUESTIONS AND CORRECT ANSWERS ICH stands for - CORRECT ANSWERSInternational Council for Harmonisation Regulatory Reviewers focus on - CORRECT ANSWERSFocus on study validity and results- want to see GCP used to produce high quality data based on the protocol Inspectors focus on - CORRECT ANSWERSFocus on study conduct and oversight True or False. ICH brings regulatory authorities and the pharmaceutical industry together to discuss s...

Financial Theory Final ACTUAL QUESTIONS AND CORRECT ANSWERS Huang Company's last dividend was $1.25. The dividend growth rate is expected to be constant at 27.5% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (rs) is 11%, what is its current stock price? - CORRECT ANSWERSYear 1 dividend = 1.25 * (1 + 0.275) = 1.25 * 1.275 = 1.59 Year 2 dividend = 1.59 * 1.275 = 2.03 Year 3 dividend = 2.03 * 1.275 = $2.59...

Financial Planning: Process and Environment Practice Test ACTUAL QUESTIONS AND CORRECT ANSWERS Which of the following financial planning domains is where the advisoridentifies the strengths and weaknesses in the client's present financial condition? (A) Establish and define the advisor-client relationship. (B) Determine goals and gather data. (C) Develop and present a plan. (D) Analyze and evaluate the data. CORRECT ANSWERS(D) Analyze and evaluate the data. Which of the fo...

Financial Planning: Process and Environment ACTUAL QUESTIONS AND CORRECT ANSWERS Financial Planning - CORRECT ANSWERSThe process of identifying financial goals and developing recommendations to address those concerns Financial Planning Process - CORRECT ANSWERSAccomplishes both gathering information about the client's financial goals and objectives and developing a plan for achieving those goals and objectives Financial Risk Tolerance - CORRECT ANSWERS1) the client's feelin...

Financial services and advice ACTUAL QUESTIONS AND CORRECT ANSWERS letter of credit - CORRECT ANSWERSlettre de crédit tax advice - CORRECT ANSWERSconseil en fiscalité taxes - CORRECT ANSWERSimpôts forward contract - CORRECT ANSWERScontrat forward option contract - CORRECT ANSWERScontrat d'option bill of exchange (B/E) - CORRECT ANSWERSlettre de change bill of lading (B/L) - CORRECT ANSWERSconnaissement maritime International Bank Account Number - CORRECT ANSWERSIBAN dir...

Financial statement analysis ACTUAL QUESTIONS AND CORRECT ANSWERS Balance Sheet - CORRECT ANSWERS position as of a certain date Assets - CORRECT ANSWERS provides a snapshot of a company's financial items of value such as inventory and equipment are financed with liabilities(debt) or stockholders' equity(owners' shares) Assets= liabilities + stockholders' equity Income Statement - CORRECT ANSWERS accounting period Revenues - CORRECT ANSWERS ...

Adjusting Entries and Financial Statements UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS Prepaid insurance - Correct answersInsurance coverage purchased in advance December 31 adjusting entry - Correct answersAdjustment made to financial statements at year-end Insurance expense - Correct answersCost of insurance coverage Prepaid insurance will decrease - Correct answersEffect of adjusting entry on prepaid insurance Income from operations - Correct answersOperating income before ...

Adjusting Entries and Financial Statements UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS Adjusting - Correct answersBringing account balances up to date before preparing financial reports Book value - Correct answersThe value of an asset at the end of the year Prepaid rent expiration - Correct answersDecreasing total assets and increasing total expenses at the end of the month Supplies adjustment - Correct answersIndicating the amount of supplies on hand Worksheet usage - Correc...

Exam II Review: Adjusting Entries and Financial Statements UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS Adjusting Journal Entries - Correct answersPrepared at period end to update accounts. Accounts Receivable - Correct answersRevenue recorded before cash is received. Payroll Deductions - Correct answersReductions from gross earnings for taxes and benefits. Interest Expense - Correct answersCost incurred for borrowing, recorded annually.