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UCSD Pecore MGT 12 Final Exam Questions & Answers 2024/2025 $8.49   Add to cart

Exam (elaborations)

UCSD Pecore MGT 12 Final Exam Questions & Answers 2024/2025

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  • UCSD Pecore MGT 12

UCSD Pecore MGT 12 Final Exam Questions & Answers 2024/2025 APR - ANSWERSAnnual percentage rate or percentage cost of credit, standardized for comparison Truth in Lending Law - ANSWERSfed law, creditors have to disclose APR and finance charge as dollar amount finance charge - ANSWERScost...

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  • October 22, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • UCSD Pecore MGT 12
  • UCSD Pecore MGT 12
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UCSD Pecore MGT 12 Final Exam
Questions & Answers 2024/2025

APR - ANSWERSAnnual percentage rate or percentage cost of credit, standardized for comparison



Truth in Lending Law - ANSWERSfed law, creditors have to disclose APR and finance charge as dollar
amount



finance charge - ANSWERScost of credit in total dollar amount (includes cost, service charge, credit
related insurance premiums or appraisal fees)



cost of credit- average daily balance - ANSWERSE(balance x day)/days total



bankruptcy - ANSWERSlegal process, all assets distributed among creditors, can't pay debts



bankruptcy - ANSWERS-submit petition

-many debts forgiven

-assets sold to pay creditor

-can keep some assets

-fresh start

-most filed used to be this



things may still owe - ANSWERStaxes and fines, child support and alimony, education loans, debts for
willful or malicious acts



bankruptcy rules - ANSWERSvoluntary plan proposed to bankruptcy court to pay portion of debt over 5
yrs

-reg income

-no more than 250k unsecured debt or 750k secured debt

, -payments made to trustee who distributes money to creditors

-court may allow to keep prop and pay less than full ddebts

cost to debtor includes court costs, attorney's fees and trustee's fees and costs



preparing for investment plan - ANSWERS-work to balance budget

-pay off high interest CC debt

-emergency fund 3-9 mo

-fast cash access (cash advance and line of credit)



factors affecting investment choices - ANSWERSsafety and risk

risk tolerance

rate of return

drivers of risk in investments

investment income

investment growth

investment liquidity



risk-return tradeoff - ANSWERSlevel 1: financial security - cash, money market mutual funds, U.S. gov
bonds

level 2: safety and income - U.S. securities, selected corp and municipal bonds, income stocks and
conserv mutual funds

level 3: GROWTH-

growth stocks, growth mutual funds, rental

level 4: speculation- spec stocks, options, commodities, high risk investments



stock return - ANSWERS10% ROR annually



bonds return - ANSWERS5% ROR annually

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