Wise Practice

budget variance. - Answer- the difference between the budgeted amount and the actual amount that you spend debt ratio - Answer- shows the relationship between debt and net worth. debt ratio - Answer- The lower the ratio the better off financially the person is. debt ratio - Answer- calculated by dividing liabilities by net worth excise tax - Answer- government imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airline capital gains - Answer- ar...

Wise Practice Exam: Questions & Answers

Wise Practice Test/88 Questions and Answers

WISE Practice Test 1/14 Questions and Answers

A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the A. better off financially the person is. B. worse off financially the person is. C. more liquid assets the person has. D. less liquid assets the person has. - ANSWER Correct Answer A Reason Since the debt ratio is calculated by dividing liabilities by net worth, the lower the debt ratio the better; that is the better off the person is financially A man budgeted $200 a month ...

WISE Practice Test Question : To qualify for a Federal Housing Administration (FHA) loan, a person must generally A: have at least a high school diploma. B: have one-quarter of the cost of the home for a down-payment. C: fulfill income guidelines. D: provide two individuals to co-sign the loan. - Answer- C: fulfill income guidelines. A high school student has begun to investigate the field of finance as a career choice. In deciding about the field, the student should foc...

Wise Practice Test budget variance. - Answer- the difference between the budgeted amount and the actual amount that you spend debt ratio - Answer- shows the relationship between debt and net worth. debt ratio - Answer- The lower the ratio the better off financially the person is. debt ratio - Answer- calculated by dividing liabilities by net worth excise tax - Answer- government imposes a tax on specific goods and services such as alcohol, cigarettes, gasoline, and airli...

Wise Practice Test Review/89 Questions and Answers/Distinction Graded

WISE PRACTICE TEST 100% CORRECT!! budget variance. - CORRECT ANS - the difference between the budgeted amount and the actual amount that you spend debt ratio - CORRECT ANS - shows the relationship between debt and net worth. debt ratio - CORRECT ANS - The lower the ratio the better off financially the person is. debt ratio - CORRECT ANS - calculated by dividing liabilities by net worth excise tax - CORRECT ANS - government imposes a tax on specific goods and ...