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Maximum length of unsupported FMC is? - ANSWER-3' Maximum amperage of a #14 awg conductor is? - ANSWER-15 Ground wires are usually what color? - ANSWER-Green and Bare When testing electrical circuits for a complete path of current what is the term? - ANSWER-Continuity OHMS represents what electrical term? - ANSWER-Resistance What is the minimum number of switches for oil fired appliances? - ANSWER-3 Sheathed cable must be supported within what distance from a connection? - A...

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Maine Oil • Maine Oil

CFP Insurance Review Exam Questions & Answers Graded A+

Subrogation Clause- - ANSWER-The insured cannot claim money from both the insurer and a 3rd party. If the insured receives compensation for loss from the insurer, and sues the 3rd party (or 3rd party's insurer) for additional funds, the insurer has the right to all funds in order to recoup their costs. Characteristics of Insurance Contracts- - ANSWER-"Adhesion: insurance policy is take it or leave it. No negotiations over terms an conditions. This means ambiguities in contract are found...

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CFP Insurance • CFP Insurance

CFP - General Principles Exam Questions With Verified Answers

Which of the following would be the most recommended method of implementing a savings plan? a. pay all your expenses first, including credit cards, then deposit the remainder in a money market account b. simply wait until the end of the month and see if any money is left over c. deposit a fixed or specific amount from a paycheck into a savings or money market account. d. complete a one-year budget, then see if the client can save money - ANSWER-deposit a fixed or specific amount from a pa...

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CFP - General • CFP - General

CFP Fundamentals final review questions with rationales Answers

Robert Smith asks for your help in preparing his cash flow statement. He tells you that his salary before taxes is $250,000 and that he has NO mortgage on his home. Which of the following statements is true about Robert's cash flow statement? The value of the home would be an income source, since there is NO mortgage. The value of the home would be an asset. The taxes on his salary would be a liability. The taxes on his salary would be an expense. - ANSWER-The correct answer is D. Option...

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CFP Fundamentals • CFP Fundamentals

CFP Exam 2024 Questions With Complete Solutions

Dividend Discount Model - ANSWER-V = Next period's dividend / (req. rate of return - dividend growth rate) (on formula sheet) next div = current div(1+growth rate) Expected Rate of Return - ANSWER-Rate of Return = (Next period's dividend / market price) + dividend growth rate Net Present Value NPV - ANSWER-PV of CF - Initial Cost positive = invest 0 = invest negative = do not invest Holding Period Return HPR - ANSWER-(Selling Price - Purchase Price +/- CF) / Purchase price o...

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CFP • CFP

CFP Exam Questions With 100% Correct Answers

MSFT declared a dividend payable to shareholders on the record date of Wed. May 15th. Which is the last possible date an investor could purchase the stock and still receive the dividend? A. purchased on May 13th B. purchased on May 12th C. purchased on May 11th D. purchased on May 10th - ANSWER-D. May 10th. Ex dividend date would be Monday the 13th, and in order to receive the dividend the investor would have to purchase prior to the ex-dividend date. Since the 13th is a Monday the la...

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CFP • CFP

CFP Exam Prep - Investment Planning (18%) Questions & Answers 100% Correct

The first step in this problem is to compute the required rate of return using the CAPM formula: R = Rf + B(Rm - Rf) Stock A =14.8% = 6 + 1.1 x (14 - 6) Stock B = 13.04% = 6 + .88 x (14 - 6) Now that we have the required rate of return on the securities based on their volatility, I would utilize the Gordon Growth Model (or dividend model) to determine the price that the security should be at to be "fairly valued." V = D * (1 + g) / (R - g) Stock A =17.45 = [2 x (1+.03)] / (0.148-.03)...

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CFP • CFP

POLS 207 : Exam 1 – Dyer Questions With Verified Answers

constitutionalism - ANSWER-a government of laws, not people, operating on the principle that government al power must be limited that government officials should be restrained in their exercise of power over individuals delegated/enumeraed powers clause - ANSWER-powers specifically mention in the constitution as belonging to the national government necessary and proper clause - ANSWER-grants powers to congress to enact all laws that are necessary and proper for carrying out those responsib...

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POLS 207 Dyer • POLS 207 Dyer

POLS 207 Exam 3 Questions & Answers 100% Verified

Know the different powers of the governor in Texas - ANSWER-• the constitutional position of governors relative to others • their powers of appointment and removal over state officials • their ability or inability to succeed themselves • their powers over the state budget • their veto powers • their position in their own party and its position in state politics Know the different types of vetoes - ANSWER--Post-Adjournment Veto: Governor can veto a bill after a session has be...

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POLS 207 • POLS 207

POLS 207 Exam 1 Review With Rationales Answers

Why are federal grants-in-aid important? - ANSWER-One government giving money to another government. States get a lot of their money from the federal government What are mandates? - ANSWER-The federal government says you have to do something or they will fine you. There are three types: - Funded - Under-funded - Unfunded What is preemption? - ANSWER-The national government makes a law before the state can do anything What is usually contained in state constitutions (Bill of Rights, ...

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