BUSN380 Week 8 Final Study Guide
BUSN380 Week 8 Final Study Guide
Popular in Course
verified elite notetaker
Popular in Department
This 0 page Study Guide was uploaded by Experthelper Notetaker on Friday November 6, 2015. The Study Guide belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 25 views.
Reviews for BUSN380 Week 8 Final Study Guide
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 11/06/15
Multiple Choice Question Q 5 pts Each TCOS COVCI Cdi L Short Essay Questions Q 10 Pts Each Time AHOWCd 35 hrs 2 3 4 5 6 7 Total Point Value 290 Other Study Tips Please review past quizzes amp your weekly homework assignments Time Value of Money de nitions amp calculations A 100 benefit on which you are taxed is not worth as much as a nontaxable 100 benefit Rule of 72 means an annual in ation rate of 4 Using time value of money tables calculate means Prices Will 10111316 in 18 yrS 72 4 18 Re Future value of a lump sum Savings if you earn 6 your money will double in 12 yrs 726 12 Future value of a series of payments I Formula to Calculate the TaxEqulvalent Value IEresent value of a lump sum from the Interest Rate 1 Tax Rate u ure Present value of a series of payments I Risks are commonly associated with Personal Financial Decisions Net Worth Calculations Steps in the Financial Planning Process Current Ratio Calculations r Rule of 72 amp Doublin g Importance of a Safe Deposit Box Financial Planning Calculations box on Borrowing amp Lending during High In ation I Taxable Income vs TaxExempt Benefit Pg The Budgeting Process The main components of a Personal Balance Sheet amp a Cash Flow Statement Sources of assistance for Federal Income Tax Return Factors to consider when evaluating amp comparing different Savings Plans Calculating Tax Returns receiving a refund or owing additional taxes Calculating the Average Tax Rate Calculating Debt PaymentstoIncome Ratio Calculating Interest Cost on a Loan Advantages amp Disadvantages of Consumer Credit DebitCredit Card Fraud Shopping for Credit Difference between Simple amp Compound Interest Time needed to recover the Cost of Refinancing a home Time Value of Money Calculation on Commission Cost Savings Replacement Cost Increases Medical Cost after Deductible amp Percentage Coverage Asset Allocation Advantages Common Stock for Corporations amp Investors Explain US Government Treasury bill Treasury note amp Treasury bond Common Stock amp Preferred Stock Interest Rates Impact on Corporate Bonds Homeowner39s Insurance Policy Strict amp Vicarious Liability Disability Income Insurance Why investors purchase Bonds Calculating Rate of Return Determining Interest amp Approximate Bond Value Calculating Net Asset Value Calculating the Rate of Return on Investment Steps in Retirement Planning Legal Aspects of Estate Planning Wills amp Trusts Difference between a Load Fund amp a NoLoad Fund Advantages amp Disadvantages of Real Estate Investments Why investors purchase Mutual Funds The Main Goal of Personal Financial Planning Rule of 72 Doubling Increased Consumer Spending Will Cause Causes of Higher Interest Rates Increasing the Risk of A Loan Adult Life Cycle Main Economic In uence That Determines Prices Main Responsibility of the Fed Present Value of a Single Amount Future Value of a Single Amount Present Value of a Series of Payments Future Value of a Series of Payments Liquidity Liquid Assets amp Insolvency A Maj or Activity in the Planning Component of Financial Planning Bankruptcy amp Borrowing Interest Calculations A Personal Balance Sheet Amount Budgeted amp the Actual Amount Budget Deficit Budget Surplus A Person39s Financial Position Fixed amp Variable Expenses Current Liabilities amp LongTerm Liabilities Net Worth Step of the Career Planning Process Efficient Work Habits Types of Resumes Changes in Demand for Products amp Services Aptitudes Career Planning Process Communication amp Flexibility Job vs Career Tax Deferred Tax Exempt 8 Goal Setting Financial Plan Success Efficiency amp Effectiveness Time Value of Money Opportunity Cost In ation Different types of incomes Different types of taxes Standard tax deduction Asset management account Pawn shops Mutual savings Calculating after tax earning All purpose account Banks based on tax brackets Checking accounts Credit unions Tax deferred plans High fee loans Mutual funds The marginal tax rate Investment amp financial Mortgage companies The average tax rate Adjusted Gross Income institutions Real estate property taxes Liquidity Yield lt AG1 Itemized deductions Annual Percent Yield Tax exclusions Certificates of deposits I Tax exemptions I Checking account Tax withheld Debit cards amp credit cards reconC ia On Tax Credit Tax shelters Commercial banks Prime rate Discount rate Sources of credit who report data to credit bureaus Revolving credit Installment cash credit Advantage amp disadvantage credit of using credit Valid reasons for using The 5 C s of Credit Float period Evaluating credit options Debt paymentstoincome ratio Maximum amount spent on credit payments The 3 Credit Bureaus Line of credit Credit balance Closedend credit Openend credit I Revolving credit Cosigning a loan Information on a credit report In ation Personal opportunity cost associated with a consumer purchase Phases in the consumer buying process Sources of product information Underwriters Laboratories Cooperative Impulse buying Bramps amp quality Food labels requirements Open by date Different types of warranties New amp used car warrantees Consumer complaints resolution The major criticism of service contracts Better Business Bureau Federal Trade Commission Arbitration Debttoequity ratio Collateralized loan Credit unions When denied credit Incorrect information on credit file Requesting your credit report from the 3 credit bureaus Danger signals of potential debt problems Reducing lenders risk Declaring personal bankruptcy Chapter 13 bankruptcy Mediation Small claims court Class action suit Items sold as As Is Warrantees on cars bought from private parties Service contracts on used amp new cars Opportunity cost associated with renting Advantages amp disadvantages of renting amp buying homes cost benefits risks Edmunds guides to buy cars Property taxes Prefabricated housing Calculations of tax reduction due to interest paid on home mortgage Most popular type of home ownership Chapter 7 bankruptcy Rule of 78 Calculating finance charges Money for reward amp punishment Instant comfort Overindulgence of children Keeping up with the Joneses Least expensive methods of payment Most medium amp least expensive types of loans Most common service provided by a real estate agent Selling your home without the use of a real estate agent Zoning laws Home ownership affordability Increase the speed of equity growth for a homebuyer Offers amp counter offers in real estate Prepaid interest charged by a mortgage company Fixed rate interest Rate caps for adjustable loans Advantages amp disadvantage of FHA amp VA mortgages Negative amortization Buy down mortgages Balloon mortgages Shared appreciation mortgages Second mortgage Title insurance The purpose of an appraisal Hazards perils Premium amp risk Types of risks Managing risk Types of liabilities Negligence Home owners insurance policies amp medical payment Special home owners policy Personal properties Household inventory Umbrella insurance Supplementary policy Renters insurance Actual cash value Coinsurance clauses Assigned risk clauses Factors that impact home amp car insurance rates Payments after deductibles Financial responsibility laws Bodily injury liability Property damage liability For car insurance explain the three numbers xxxxxxxxx No fault insurance Collision amp comprehensive coverage Assigned risk pool Driver classification for car insurance Health care options amp innovative ways to reduce cost The US vs other countries based on per capita medical expenditures Possible reasons for the rising health costs in the US Disability insurance Most health insurance policies are sold to Individual health plans amp group plans Hospital expense Comprehensive Major Medical Insurance Savings programs Investment programs amp factors Short term investments Long term investments Emergency fund Line of credit Overall interest rates in the economy amp corporate bonds Tolerance for risk amp investment goals Return on investments amp in ation I Different types of stocks amp risks Calculating return on corporate bond Stock dividend Equity amp proxy voting rights Record dates amp dividend dates Stock splits Total dollar return on stock investment Market value amp par value Preferred stocks Disclosure for public corporations Initial public offering Stockholders rights Taxes on gains from stocks Debt capital Different types of corporate bonds Bond ownership records amp registration Convertible bonds I Call feature of bonds Bonds mature on diff dates Serial Sinking funds Openend mutual funds I Closedend mutual fund Load Fund NoLoad Fund Balanced Fund Growth Fund Equity Income Fund Sector Fund International Fund Municipal Bond Fund Net Asset Value NAV amp calculations Commission paid on mutual funds REIT Equity REIT Mortgage REIT Direct real estate investments Indirect real estate investments Participation Certificate Prices of single family dwelling over time Vacation homes Small investor in real property Financial leverage Misconceptions about retirement planning Years expected in retirement Comprehensive retirement plan The average life expectancy Financial planning for retirement Net worth Reverse mortgage annuity Division of pensions during divorce Marriage that lasts more than 15 years Expenditures for retirees that will increase decrease The two parts of Estate planning Universal design Wills Simple Traditional marital share Exemption trust Holographic Stated dollar amount Beneficiary Intestate Economic Recovery Tax Act of 1981 Week TCOs amp Topics ReadingsClass Preparation Week 1 TCO 1 Chapter 1 Personal Finance Basics amp the Time Value of Money Chapter 1 Appendix The Time Value of Money Chapter 2 Financial Aspects of Career Planning Chapter 2 Appendix R sum s Cover Letters amp Interviews Chapter 3 Money Management Strategy Financial Statements amp Budgeting Week 2 TCO 2 Tax fundamentals cash management distinctions among financial institutions Chapter 4 Planning Your Tax Strategy Chapter 5 Financial Services Savings Plans amp Payment Accounts Week 3 TCO 3 Consumer credit issues effects of bankruptcy Chapter 6 Intro to Consumer Credit Chapter 7 Choosing a Source of Credit The Costs of Credit Alternatives Week 4 TCO 5 Basic valuation of financial equity amp fixedincome investments Chapter 13 Investing Fundamentals Chapter 14 Investing in Stocks Chapter 15 Investing in Bonds Week 5 TCO 4 Consumer Buying Decisions Chapter 8 Consumer Purchasing Strategies amp Legal Protection Chapter 9 The Housing Decision Factors amp Finances Mutual fund amp realestate investments retirement amp estate planning Week 6 TCO 4 Chapter 10 Property amp Motor Vehicle Insurance Home automobile health amp life insurance Chapter 11 Health Disability amp LongTerm Care issues Insurance Chapter 16 Investing in Mutual Funds Week 7 TCOs 6 amp 7 Chapter 17 Investing in Real Estate amp Other Investment Alternatives Chapter 18 Starting Early Retirement Planning Chapter 19 Estate Planning Week 8 All TCOs Final Exam
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'