Exam (elaborations)
Wise Practice Test WITH 100- SURE ANSWERS
- Course
- Institution
Wise Practice Test WITH 100- SURE ANSWERS
[Show more]
Seller
Follow
Content preview
EUNICEWise Practice Test WITH 100% SURE ANSWERS
Terms in this set (88)
budget variance. the difference between the budgeted amount and the actual amount that you spend
debt ratio shows the relationship between debt and net worth.
debt ratio The lower the ratio the better off financially the person is.
debt ratio calculated by dividing liabilities by net worth
government imposes a tax on specific goods and services such as alcohol,
excise tax
cigarettes, gasoline, and airline
capital gains are profits made from the sale of capital assets such as stocks and bonds
Capital gains tax deferred until the asset is sold,
If held over one year are considered long-term capital gains and are taxed at a
Capital Gains Tax
lower tax rate or in some cases are not taxed at all.
variable expenses change from one period to another,examples Electricity and food expenditures
get advice from your friends will help you the least in managing your money?
the process of developing and implementing a coordinated series of actions to
Financial planning
achieve financial success.
Financial planning need to be reviewed and adjusted to accommodate changing needs and goals.
emergency fund Should be an important consideration when saving money
being in cash or easily convertible to cash, How easily an asset can be converted
liquidity
into cash
Social Security benefits depends on the person?s earnings over a lifetime of work
Department store charge cards. open-end credit
is a revolving live of credit that is offered by banks There is a limit set on the line of
Department store charge cards.
credit and the funds
mortgage loan closed-end credit,made at a specified interest rate for a specified time period.
A loan that is secured by collateral, properties or assets that are subject to seizure
collateralized loan.
on default.
1/4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller mbitheeunice2015. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
57727 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now