Why buy renters insurance - Study guides, Class notes & Summaries

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 If a fire happens to someone's house that they own, what type of insurance will pay for the damage most likely? Homeowners insurance If a corporation was sued and lost a major lawsuit, what will happen to the price of their stock? Price of stock will decrease Why is a stock characterized as a "growth" stock? The corporation is expected to increase significantly in revenues and earnings. An example of a lo...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 If a fire happens to someone's house that they own, what type of insurance will pay for the damage most likely? Homeowners insurance If a corporation was sued and lost a major lawsuit, what will happen to the price of their stock? Price of stock will decrease Why is a stock characterized as a "growth" stock? The corporation is expected to increase significantly in revenues and earnings. An example of a lo...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 If a fire happens to someone's house that they own, what type of insurance will pay for the damage most likely? Homeowners insurance If a corporation was sued and lost a major lawsuit, what will happen to the price of their stock? Price of stock will decrease Why is a stock characterized as a "growth" stock? The corporation is expected to increase significantly in revenues and earnings. An example of a lo...

Wise Test Review Questions And Answers With Verified Set Wise Test Review Questions And Answers With Verified Set

Back-end ratio - Answer The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per year, which equals $4,166.67 per month. The client's total current expenses divided by gross monthly income equals 52%. The client's combined current housing payment and car payment divided by gross monthly income equals 24%. Calculation: Deb...

Wise test Questions and Answers Already Graded A An individual, who earns $36,000 a year, has total assets of $156,000 and liabilities of $85,000. The net worth of this individual is $71,000 Net Worth = Assets - Liabilities When considering purchasing renters insurance. a person should know that the purpose is to cover monetary losses related to fire, theft, and personal injury (The purpose of all insurance is to cover monetary losses. Renters insurance protects against all things that can hap...

Net worth - answer-Assets (own) - Liabilities (owe) = Net Worth Personal finance plan - answer-Reasons to develop a __________: - Achieve your financial goals - Achieve financial independence - Invest intelligently - Minimize your payments to Uncle Sam - Cover your assets The Personal Financial Planning Process - answer-Step 1: Awareness and Setting Financial Goals Step 2: Creating and Activating Plans Step 3: Evaluating and Revising Plans: Moving forward Step 1: Awareness ...

TDI DISASTER EXAM VERIFIED QUESTIONS AND ANSWERS 2023/2024 VERSION ACTUAL TEST GRADED A Quiz 1 1. If Lowest Cost Insurance Company chooses to accept his application for insurance, the insurer is the risk? • Retaining (Correct Answer) • Reducing •Avoiding • Transferring 2. If Lowest Cost Insurance Company declines his application for insurance, the insurer is the risk? • Retaining • Reducing •Avoiding (Correct Answer) • Transferring 3. Mr. Jones' heart atta...

Gold Coast 45 Hour Exam Questions (exam version H 2023) Already Passed Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license? CAM What term is used for the practice of specializing in one particular residential neighborhood or type of property? Farming empty upon closing a sales transaction who pays the sales associate their contracted commission? Employing Broker Home sold for $250k with a garage, a home sold ...

sources of income wages, rentals, interest, capital, profits, investments, entrepreneurship exemption also called allowance: used to reduce amount of taxed income liquidity the degree of ease in which assets can be sold gift cards closed loop system and open loop system; can be purchased in fixed amounts and redeemed for purchases from particular businesses discretionary income also called budget surplus; not allocated for food or shelter money order a p...