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which of the following tools would be used on a polished steel assembly. - correct answer strap wrench The type of wrench designed for use on a specific part is the ______ wrench. - correct answer Spanner what kind of tool do you use for packing. - correct answer Packing gauge Can you use a Tubing Cutters tool to cut steel pipe too. - correct answer False A honing stone is used to. - correct answer Sharpen Tools The tool used to line up holes in flanges is a. - correct ...

Advantage of using a chain coupling is that they A. Are easy to disconnect B. Are non-lubricating C. High vibration dampening capabilities D. All the above - correct answer A. Are easy to connect A coupling that could be used for high torque or power application is the A. Sleeve coupling B. Roller chain coupling C. Flexible metal disc coupling D. Jaw and spider coupling - correct answer C. Flexible metal disc coupling A belt has a number on it that reads 2322V721. The firs...

The breaking strength of rope is a. force needed to pull rope b. force needed to tear rope c. force needed to break the rope d. force needed to stretch rope - correct answer c. force needed to break the rope What are spreader beams used for? a. calculate loads b. use on heavy lods c. support loads during lifts d. support long loads during lifts - correct answer d. support long loads during lifts What are equalizer beams used for? a. equalize the load on sling legs and to keep ...

1. Of a block and tackle with five rope falls and minimum friction, how much force is needed to retain 250lbs? a. 50 lbs b. 100 lbs c. 250 lbs d. 75 lbs - correct answer a. 50 lbs 250lbs/5 = 50 lbs 2. What diameter rope is needed to support two tons using a vertical lift? a. ½" b. ¾" c. 1" d. ¼" - correct answer a. ½" 3. What is the standard safety factor to consider for a platform supporting people? a. 1 : 1 b. 5 : 1 c. 10 : 1 d. 15 : 1 - correct answer...

Which one of the following is an incorrect statement regarding retirement spending habits? -expenditures for retirement plan contributions cease -health costs increase -automobile-related costs increase -travel and recreation costs increase. - correct answer automobile-related costs increase. Automobile costs often decrease. Second cars for married couples are less necessary, and commuting miles are reduced or eliminated for the primary vehicle. Eliminating the second car reduces ins...

This year, your 63-year-old client had $17,025 of earned income and $30,000 of investment income. He was also drawing Social Security benefits. Which one of the following correctly describes the impact on his Social Security benefits? He loses $1 of benefits for every $1 above the "allowable limit." He loses $1 of benefits for every $2 above the "allowable limit." He loses $1 of benefits for every $3 above the "allowable limit." There is no reduction to his benefits. - corre...

Cindy wants to have an annual retirement income of $50,000 protected against 3% inflation. Assuming an 8% after-tax rate of return and a retirement period of 25 years, how much money does Cindy need in order to provide the inflation-protected $50,000 at the beginning of each retirement year? - correct answer BEG Mode # of Periods (1 P/YR in this example) C ALL 50000, PMT 4.8544, I/YR [(1.08 ÷ 1.03) - 1] × 100 = 4.8544 I/YR 25, N PV Solution: $749,812.61 Frank will retire in 14 year...

Payments received in the years BEFORE you obtain FRA will be reduced $______for every $________ earned above the earnings cap. - correct answer Old-age benefits of Social Security recipients may be reduced if the client earns income from wages and salary during retirement prior to Social Security's full retirement age. By how much are the benefits reduced? - correct answer Benefits paid to persons in the years prior to attaining full retirement age are reduced by $1 for every $2 earned ...

Diversification - correct answer Acquiring assets with low or negative correlations to each other with the goal of lowering overall risk Correlation - correct answer - a relative measure of the degree to which the returns of two assets move together - range from +1.0 to -1.0 - in practice negative correlations are rare - the further a correlation is from +1.0, the more diversified Asset allocation - correct answer - the apportioning of available funds among a number of asset clas...

2-1 What are the two purposes of investment policy? Investment policy serves two purposes: - correct answer It provides a foundation of goals, time horizons, and constraints on which the client portfolio is constructed. For example, the policy may establish the goal of preserving the purchasing power of the portfolio while providing periodic distributions, and it may limit the acceptable securities to large-company stocks and U.S. Treasury securities. The goals, time horizons, and constrai...

The Department of Labor requirements regarding advice given to retirement investors will most likely - correct answer INCREASE CLIENT EXPECTATIONS OF ADVISERS AND PUT DOWNWARD PRESSURE ON FEES If asking you to solve for an annuity due where payments occur at the beginning of the period - correct answer you would set calculator for BEG. identifying specific funds in which to invest are discussed on? - correct answer Specific investments are not discussed until step four of the plannin...

6 Step Retirement Planning Process (EGAD I Made it) - correct answer 1. Establish and Define the Client-Counselor Relationship 2. Gather Client Data, Including Goals and Expectations 3. Analyzing Client Information to Determine Retirement Savings Need 4. Develop and Present Financial Planning Recommendations and/or Alternatives 5. Implement the Financial Plan Recommendations 6. Monitor the Financial Plan Recommendations 3 Current Trends in Retirement Planning - correct answer -Busin...

Retirement Planning Process Steps - correct answer EGADIM (EGAD I Made it) Establish Client Relationship Gather Data Analyze Data Develop Plan Implement Plan Monitor Plan Step 1 Retirement Planning Process - correct answer Establish Client Relationship Based upon trust and a mutually defined understanding of the scope of services to be offered Perception of trustworthiness Identifying the services to be provided Disclosing the counselor's compensation arrangement Determining e...

Whole life policies are designed to provide what - correct answer Level premiums, a guaranteed death benefit no matter when the insured dies and guaranteed cash flow Facts about a Roth IRA - correct answer With drawls from a Roth IRA for a first time home purchase, up to $10,000, or not penalized if the five-year holding period has been met. Total IRA contributions, both Ross and traditional, or aggregated and cannot exceed $6000. Distributions of principal from a Roth IRA are not subject...

What is a typical way to plan for the management of property if a client becomes incapacitated - correct answer Nominate a conservator for the property Create a durable power of attorney Create a trust True facts about living wills - correct answer They must be signed They must be witnessed by people who are not heirs They allow the maker to dictate what life sustaining measures may be taken Which one of the following is true regarding Medicare Part A? - correct answer Medicare P...

Securities act of 1933 - correct answer Required that new companies provide full disclosure through the issuance of a perspective Securities exchange act of 1934 - correct answer Created the SEC and empowered the commission to regulate exchanges and broker dealers and to require information from public companies Investment company act of 1940 - correct answer The regulation of mutual funds Investment advisors act of 1940 - correct answer Requires investment advisors to register ...

Mary Goodwin's financial situation is as follows: Cash/cash equivalents$15,000S hort-term debts$8,000 Long-term debts$133,000 Tax expense$7,000 Auto note payments$4,000 Invested assets$60,000 Use assets$188,000 What is her net worth? - correct answer $122,000 Assets = $263,000; liabilities = $141,000, so net worth is $122,000. Taxes and auto note payments appear on the cash flow statement. For the year ending December 31, XXXX, Bill Greer has the following financial information:...

Which of the following are correct statements about the capital utilization strategy? - correct answer I. It produces an annual retirement income over a finite number of years. II. Assuming the yield remains the same, the larger the retirement income that is paid, the shorter the number of years over which it will be paid. III. When the capital utilization approach is used, the planner must be careful in making assumptions about the life expectancy of the client. IV. The effect of taxes on ...

replacement ratios should not be used as the only basis for planning. IV.Income replacement ratios are useful for younger clients as a guide to their long-range planning and investing. A) I and IV B) I and II C) II and III D) II, III, and IV - correct answer D If Tom and Jenny want to save a fixed amount annually to accumulate $2 million by their retirement date in 25 years (rather than an amount that grows with inflation each year), what level annual end-of-year savings amount wil...

Richard wants to have an annual retirement income of $100,000 (payable at the beginning of each year) protected against 3% inflation. Assuming a 7% after-tax rate of return and a retirement period of 30 years, how much money does Richard need in order to meet his goal? Explain how you need to input this on the calculator and why. - correct answer Step One - Set the calculator to BEGIN. Step Two - Calculate the inflation adjusted rate of return (One plus the Rate of Return divided by O...