Finance misc Study guides, Class notes & Summaries

CPCP - ANSWER-Certified Purchasing Card Professional PCPCC - ANSWER-Purchasing Card Professional Certification Council grants CPCP designation NAPCP - ANSWER-National Association of Purchasing Card Professional grants CPCP designation in conjunction with PCPCC Have exclusive and sole property of CPCP credential initials CPCP Code of Ethics - ANSWER-1. Maintain integrity of the CPCP exam 2. Comply with the law in all activities related to P-Card Program, Influence workplace practi...

FIN MISC-Finance Exam 1 Practice Problems with Answers Chapter 2 1. A firm has beginning retained earnings of $4,200 and ending retained earnings of $4,550. What is the amount of dividends paid if the firm earned a net income of $1,950? A) $1,600 B) $1,950 C) $1,900 D) $2,000 E) $2,100 Explanation: Dividends paid = $1,950 – ($4,550 – $4,200) = $1,600 2. MLM Enterprises has net income of $984, interest expense of $146, sales of $6,320, addition to retained earnings of $495, selli...

Term: Whish type of loan processing woul include only an appraisal and a crdit score? Definition: No documentation Term: APR consists of Definition: the closign costs financed into the balance of the loan in an interest rate form Term: The HUD-1A settlement statement is designed for use when? Definition: no seller is involved in the transaction Term: A loan calls for payments if 2000 a month for the first 60 months and then go up to 2300 a month for the remainder of the 30 y...

Term: What is redlining? Definition: Refusing to lend to a specific neighborhood Term: Borrower has a right to recieve apprasial within how many days? Definition: 30 Term: A GFE contains? Definition: estimated closing costs

C214 Financial Management Notes Section 1 – Overview of Finance: Accounting – backward looking, measure past operations Financial Management – forward looking, focus on executive future transactions, based on expected future cash flows Principles of Financial Decision-Making: 1. Efficient Market Prices - Effective decision-making depends on market efficiency a. Effective Requirements: Which is more efficient? Buying gas or Selling house? i. Competitive – many buyers and sellers ...

SAFE MLA The Secure and Fair Enforcement For Mortgage Licensing Act Article 19B Joseph A. Smith Jr. North Carolina-Commissioner of Banks. The office of the commissioner of banks, together with the NC banking commission, is responsible for the chartering and regulation of the NC state banks and trust companies, as well as registering & licensing of various financial institutions operating in NC including check-cashers, consumer Finance companies, Mortgage Bankers, Mortgage Brokers, Money...

Exam (elaborations) ECO MISC Misc quiz 1solved 1. Which of the following descriptions is most representative of the mix of revenues and expenditures of the federal government? Revenue is predominantly from income taxes and payroll taxes. Expenditures include income security and interest on the national debt. 2. Which of the following transactions best represents the government making a transfer payment to a household or business? • The federal government’s Supplemental Nutr...

Every audit required by the Local Fiscal Affairs 40A:5-9 is required be completed by an accountant or auditor who holds an uncanceled license as: - ANSWER Registered Municipal Accountant Local Budget Law, N.J.S.A. 40A: 4-3.1 (b) requires any municipality deciding to convert to a State Fiscal Year from Calendar Fiscal Year must apply to - ANSWER Local Finance Board Local Budget Law 40A:4-3.2 Adoption of State fiscal year; when converting to a state fiscal year calendar from a calendar year ...

C963 - Objective Assessment Superset Major contributors to social contract theory - ANS Hobbes, Locke, Reasseau Social Contract Theory - ANS We need food, clothing and shelter to survive and nothing should interfere with our ability to obtain them. We may also choose to believe in a god. The belief gives definition to our existance. Therefore it is important we define ourselves as individuals. Enlightenment Influence on Constitution - ANS Bill of Rights and the Second Amendm...

Does home improvement include work done on an individual condominium unit? - correct answer Yes Does home improvement include work done on a swimming pool? - correct answer Yes Does a home improvement contract HAVE to be in writing in order to preserve your lien rights? - correct answer Yes A county or municipality in Maryland _____________ require a contractor to get authorization from an official in that city to be able to contract in that municipality. - correct answer Cannot A co...