NOCTI: Financial and Investment Planning. Exam Questions With 100% Correct Answers Guaranteed Pass.
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NOCTI
NOCTI: Financial and Investment Planning.
Exam Questions With 100% Correct
Answers Guaranteed Pass.
How do use accounting procedures in a financial environment? - Answer-bookkeeping
-month-end close
-taxes
-payroll
-personal finances
How do you employ marketing procedures to forward organiz...
NOCTI: Financial and Investment Planning.
Exam Questions With 100% Correct
Answers Guaranteed Pass.
How do use accounting procedures in a financial environment? - Answer✔-bookkeeping
-month-end close
-taxes
-payroll
-personal finances
How do you employ marketing procedures to forward organizational goals? - Answer✔-to
promote the business
-earn more customers
-earn revenue by drawing customers in
How to utilize customer service skills to work effectively with customers? - Answer✔-surveys
-informations on customer
-expending habits
-demographic
-psychographics
How to perform accounting function with computers and related software? - Answer✔-excel
-journal entries
-balance sheets
-financial documents
The balance according to the bank statement is $35,782. Outstanding checks total $19,573.
Deposits in transit total $7,210. What is the adjusted bank balance? - Answer✔$23,419
An invoice dated on March 10 with the terms 3/60, n/90 means that a 3 percent discount will be
given if the invoice is paid on or before - Answer✔May 9
What is a non-taxable source of income? - Answer✔Child support payments
What are examples of good accounting skills? - Answer✔-business knowledge
-tech. skills
-communication skills
-leadership
Top Five Skills? - Answer✔-big data analysis
-coding and programing
-project management
-social media experience
-technical writing
Asset - Answer✔property owned by a person or company, regarded as having value and
available to meet debts, commitments, or legacies.
Equity - Answer✔the value of the shares issued by a company.
Liability - Answer✔a thing for which someone is responsible, especially a debt or financial
obligation.
Capital - Answer✔wealth in the form of money or other assets owned by a person or
organization or available or contributed for a particular purpose such as starting a company or
investing.
Investment - Answer✔The action of process of investing money for profit or material result.
Stock - Answer✔the goods or merchandise kept on the premises of a business or warehouse and
available for sale or distribution.
Balance Sheet - Answer✔a statement of the assets, liabilities, and capital of a business or other
organization at a particular point in time, detailing the balance of income and expenditure over
the preceding period.
Income Statement - Answer✔A financial statement showing the revenue and expenses for a
fiscal period.
Statement of Cash Flows - Answer✔A financial statement that provides financial information
about the cash receipts and cash payments of a business for a specific period of time.
Statement of Owner's Equity - Answer✔record of the change in owners' equity from the end of
one fiscal period to the end of the next
Net income - Answer✔the difference between total revenue and total expenses when total
revenue is greater
Bond - Answer✔A debt instrument, a bond is essentially a loan that you are giving to the
government or a company in exchange for a pre-set interest rate.
Stock - Answer✔A type of investment that gives you partial ownership of a publicly traded
company.
Mutual Fund - Answer✔An investment vehicle that allows you to invest your money in a
professionally-managed portfolio of assets that, depending on the specific fund, could contain a
variety of stocks, bonds, or other investments.
Exchange-traded fund (ETF): - Answer✔Funds - sometimes referred to as baskets or portfolios
of securities - that trade like stocks on an exchange. When you purchase an ETF, you are
purchasing shares of the overall fund rather than actual shares of the individual underlying
investments.
asset allocation - Answer✔This refers to how you divide up your portfolio among different asset
classes, such as stocks, bonds, and cash alternatives, to help you work toward your financial
goals.
Diversification - Answer✔This is the practice of spreading your money across different
investments to reach your desired asset allocation.
dollar cost averaging - Answer✔A strategy that involves purchasing a fixed amount of an
investment at a predetermined interval
Certification - Answer✔in order to plan financially and investing, a certified financial planner is
needed
Assisting Clients in Financial Plans - Answer✔-understanding their needs/wants
-making sure their goals are realistic
-providing services for reaching their goals
Managing Records - Answer✔-organization is key
-electronically
-back up documents
-insured
Capital Asset - Answer✔Anything you own and use for personal or investment purposes.
Examples include your home, your car, and stocks or bonds.
Capital Gain and Loss - Answer✔Profit or loss from the sale of an asset.
Capital Appreciation and Depreciation - Answer✔The amount by which the value of an asset
increases or decreases compared to the amount you paid for it.
Dividends - Answer✔A distribution of a portion of a company's earnings, decided by the board
of directors, to a class of its shareholders.
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