Ugba 135 Study guides, Class notes & Summaries

UGBA 135 Final Question and answers 2023/2024 verified to pass what is the greatest factor that determines your credit score? - correct answer paying bills on time over time the "cornerstone" of wealth is? - correct answer being frugal, not cheap but value oriented what is the minimum criteria for a credit score? - correct answer - at least one reported "account" which has been open for at least six months - at least one report that has been reported by a lender in the last six months...

UGBA 135 Midterm-- Questions with complete solution 2023/2024 21st Century Millionare - correct answer - Someone who can financially take care of themselves without help from any government agency, living the life they want to lead - After working for 40 years, only 5% of people are financially independent (don't need government assistance) - Cornerstone of their wealth = being frugal (not cheap, but value-oriented) --> budget and spend carefully, live within their means - People who succ...

UGBA 135 FINAL Exam With 100% Correct Answers 2023

UGBA 135 final exam 2023 with complete solution

UGBA 135 final exam 2023 with complete solution What's the rule of 72? How long it takes for a sum of money to double at a given interest rate 72/interest rate = # of years to double OR 72/# of years to double = interest rate What's a general partner? A general partner has the authority to act on behalf of the business without the knowledge or permission of the other partners. Unlike a limited or silent partner, the general partner may have unlimited liability for the debts of the busine...

UGBA 135 Personal Finance Exam With Complete Solution...

UGBA 135 Midterm Question and answers already passed 2023/2024FICO Score - correct answer measure of consumer credit risk Highest FICO Score - correct answer 850 Factors determining FICO Score - correct answer Credit report is based on: -35% paying your bills on time over time -30% your debt-to-credit ratio ( borrowing money/ credit limit) -15% length of credit history -10% mix of credit cards and loans (like to see things other than credit card; Rent, any loan (e.g. leasing car)) -10...

UGBA 135 Midterm-- Question and answers rated A+ 2023/2024 Emergency fund - correct answer in a savings account 3-6 months living expenses Definition of millionaire - correct answer financially independent Rule of 72 - correct answer The number of years it takes for a certain amount to double in value is equal to 72 divided by its annual rate of interest. Each time you get paycheck, what is % goal you should put away (savings goal) - correct answer 20%

UGBA 135 Assignment 3 Questions with Answers 2023 | 2024 (Graded A+) Which of the following is not eligible for a 20% pass-through tax deduction? c. C-corporation a. Limited liability corp. (LLC) d. Proprietorship b. Partnership Assignment #3: Part 1 (Multiple Choice): UGBA 135 - LEC 1 - Personal Financial Management (Fall 2020) 10/21/20, 3:17 AM Question 8 1 / 1 pts 8. Which of the following sources of income is not taxable? c. Commissions d. Tips a. Child Support b. Bonuse...

1. What is an emergency fund and what is used for? - Answer- - savings to cover 3 to 6 months of living expenses in readily available cash to be used only in the event of an emergency (15% of the earnings paycheck) Standard Savings account What is our definition of a millionaire? - Answer- someone who can take care of themselves without help from a government agency, financially independent, live the life they want to lead What is the rule of 72? - Answer- How long it will take to double y...