Math Applications End Of Term Prediction Questions 2024.
5 views 0 purchase
Course
MATH.
Institution
MATH.
Math Applications End Of Term Prediction Questions 2024.Tamara earns $8 an hour at her job working 25 hours per week. If 22% of her paycheck goes to taxes, what is Tamara's monthly cash inflow? (Assume this is her only source of income and that there are 4 pays per month.) - ANSWER $624
Barry ge...
Math Applications End Of Term Prediction Questions 2024.
Tamara earns $8 an hour at her job working 25 hours per week. If 22% of her paycheck goes to taxes, what is Tamara's monthly cash inflow? (Assume this is her only source of income and that there are 4 pays per month.) - ANSWER $624
Barry gets hurt at work and must go on disabililty for 4 months. On disability, the pay that Barry receives
is 60% of his normal net pay. Barry should be fine if he has a plan for _____. - ANSWER managing his liquidity
Planning for the possibility that the plumbing in your house needs repair is part of a plan for _____. - ANSWER managing liquidity
Kyle and Linda are married with two children at home and a mortgage. Kyle's net pay per year is $32,000
and Linda's is $48,000. Their monthly expenses are $3,500.
Kyle and Linda each contribute 15% of their earnings to a retirement fund and they have $5,000 in savings. They also have a $100,000 life insurance policy on Kyle, but none on Linda.
As their financial advisor, what part of Kyle and Linda's financial plan would you encourage them to work
on and why? - ANSWER Their plan for protecting their assets.
They should have life insurance on Linda.
Create an example of a situation where there is a negative cash flow. - ANSWER Answers will vary, but the cash inflow should be less than the cash outflow.
Which of the following would you list under cash inflows in a financial plan? - ANSWER You received a bonus at work.
Ted is a single guy who's living the good life. The spreadsheet below shows Ted's cash flow for a month.
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 ROSEGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
