2024 crpc practice exam 2 - Study guides, Class notes & Summaries

CRPC Practice Exam 2 Questions and answers | Updated 2024/25 RATED A+

CRPC PRACTICE EXAM 2 85 QUESTIONS AND VERIFIED DETAILED ANSWERS 2024. A+ GRADE

CRPC Practice Exam 1 2024/2025 Mary Goodwin's financial situation is as follows: Cash/cash equivalents$15,000S hort-term debts$8,000 Long-term debts$133,000 Tax expense$7,000 Auto note payments$4,000 Invested assets$60,000 Use assets$188,000 What is her net worth? - CORRECT ANSWER $122,000 Assets = $263,000; liabilities = $141,000, so net worth is $122,000. Taxes and auto note payments appear on the cash flow statement. For the year ending December 31, XXXX, Bill Greer has the foll...

CRPC Exam | Questions and Correct Answers | Latest Update 2024/2025 | Graded A+ Diversification - Answer -Acquiring assets with low or negative correlations to each other with the goal of lowering overall risk Correlation - Answer -- a relative measure of the degree to which the returns of two assets move together - range from +1.0 to -1.0 - in practice negative correlations are rare - the further a correlation is from +1.0, the more diversified Asset allocation - Answer -- the apporti...

CRPC Exam Questions & Answers 2023/2024 Diversification - ANSWER-Acquiring assets with low or negative correlations to each other with the goal of lowering overall risk Correlation - ANSWER-- a relative measure of the degree to which the returns of two assets move together - range from +1.0 to -1.0 - in practice negative correlations are rare - the further a correlation is from +1.0, the more diversified Asset allocation - ANSWER-- the apportioning of available funds among a numbe...

CRPC Practice Exam 2 Latest Updated 2024 With Complete Solutions which statement regarding the uses of life insurance in estate planning is false? - life insurance benefits will always be in that person's taxable estate if the deceased is the person insured duty of care - lacking the competency to provide advice in the best interest of the client falls under this important area of concern addressed in the Dodd-Frank wall street reform act - systemic risk fiduciary standard - is co...

CRPC PRACTICE EXAM 2 60 QUESTIONS AND VERIFIED DETAILED ANSWERS 2024. A+ GRADE

CRPC Practice Exam 2 EXAM LATEST 2024- 2025 ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ Which one of the following cannot achieve the estate planning goal of providing for incapacity? A) trust B) disability insurance C) durable power of attorney D) will - CORRECT ANSWER --D A durable power of attorney and a trust can be used to manage the financial affairs of an incompetent person. Disability insurance can be used to replace income when...

CRPC Practice Exam 2 Questions & Answers 2023/2024 Which of the following are correct statements about the capital utilization strategy? - ANSWER-I. It produces an annual retirement income over a finite number of years. II. Assuming the yield remains the same, the larger the retirement income that is paid, the shorter the number of years over which it will be paid. III. When the capital utilization approach is used, the planner must be careful in making assumptions about the life expectan...