Crpc practice exam - Study guides, Class notes & Summaries

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 Practice Exam – Questions With Solutions

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CRPC PRACTICE EXAM LATEST 2024 QUESTIONS AND CORRECT ANSWERS WITH RATIONALES|ALREADY GRADED A+

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 expectancy of the client. IV. The effect of taxes on retiremen...

Mary Goodwin's financial situation is as follows: Cash/cash equivalents $15,000 Short-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? A)$111,000 B)$137,000 C)$122,000 D)$263,000 - ANSWER C At the end of last year, Bill Greer has the following financial information: Salaries$70,000Auto payments$5,000Insurance payments$3,800Food$8,000Credit card balance$10,000Dividends$1,100...

CRPC Practice Exam 2 EXAM LATEST ACTUAL EXAM

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CRPC Practice Exam 2