Exam (elaborations)
WGU D363 PERSONAL FINANCE EXAM (LATEST) QUESTIONS WITH SOLVED ANSWERS 100% CORRECT!!
- Course
- Institution
WGU D363 PERSONAL FINANCE EXAM (LATEST) QUESTIONS WITH SOLVED ANSWERS 100% CORRECT!!
[Show more]
Content preview
WGU D363 PERSONALFINANCE EXAM
(LATEST) QUESTIONS
WITH SOLVED
ANSWERS 100%
CORRECT!!
Evatee 8/10/24 WGU D363
,WGU D363 PERSONAL FINANCE EXAM
(LATEST) QUESTIONS WITH SOLVED
ANSWERS 100% CORRECT!!
Sophia is creating a personal budget. She starts by listing her monthly income
and expenses.
Which financial statement did Sophia create?
Cash-flow statement
Net worth
Financial ratio
Balance sheet Answer - Cash-flow statement
A summary of income and expenses for a given period of time.
Cash-flow statement
Net worth
Financial ratio
Balance sheet Answer - Cash-flow statement
,Malik is reviewing a list of assets and liabilities. He uses the information shown
in the table to evaluate his net worth.:
Total Assets $45,000
Total Liabilities $22,000
Net Worth $23,000
Which financial statement is Malik reviewing?
Income and expense statement
Cash-flow statement
Cash equivalent statement
Balance sheet Answer - Balance sheet
Provides a quick view of one's assets, liabilities, and net worth.
Income and expense statement
Cash-flow statement
Cash equivalent statement
Balance sheet Answer - Balance sheet
, Diego is reviewing his personal budget to see where he can control his
spending so he can save more money each month.
Which type of expenses would Diego be reviewing?
Fixed
Variable
Recurring
Surplus Answer - Variable
Expenses which an individual has control. This is where one can look to save
money each month.
Fixed
Variable
Recurring
Surplus Answer - Variable
Mei receives $5,000 per month in after-tax pay. She is reviewing the following
information for the current month.
Category (Income) /Expense
Income ($5,000)
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 EvaTee. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $24.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75057 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now