The five main components of personal finance are budgeting, saving, investing, debt management, and insurance.
Budgeting involves tracking your income and expenses in order to determine how much you can afford to save, invest, and spend. It also involves allocating funds to different areas of your financial life such as bills, leisure, and debt repayment.
Saving money is an important part of personal finance as it allows you to set aside funds for future use. This could be for retirement, college tuition, or a rainy day.
Investing is another important component of personal finance. Investing involves putting your money into assets such as stocks, bonds, mutual funds, and real estate in the hopes of generating a return on your investment.
Debt management is also an important part of personal finance. It involves understanding the different types of debt, such as student loans, credit cards, and mortgages.
insurance is an important part of personal finance. It involves understanding the different types of insurance, such as health, auto, life, and homeowners, and determining which type of policy is best suited to your needs.
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What is true regarding long-term and short-term bonds (assume they have the same par value and coupon rate)?
Option C stating long term bonds have higher reinvestment risk is true
This is because the long-term bonds have higher interest rates which lead to higher coupon amounts which further leads to an increase in reinvestment value resulting in higher reinvestment risk
The answer to the second question is. TRUE
The answer to the third question is FALSE
The prices of high coupon rate bonds tend to be less sensitive to a given change in interest rate.
Your question is incomplete. please read below to find the full content.
What is TRUE regarding long-term and short-term bonds (assume they have the same par value and coupon rate)?
Long-term bonds have lower interest rate risk.
Short-term bonds have a higher reinvestment risk.
Long-term bonds have a higher reinvestment risk.
Short-term bonds have higher interest rate risk.
There is an inverse relationship between bonds' quality ratings and their required rates of return. Thus, the required return is lowest for AAA-rated bonds, and required returns decrease as the bond ratings get higher.
True
False
The prices of high-coupon bonds tend to be more sensitive to a given change in interest rates than low-coupon bonds, other things held constant.
True
False
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A tax that imposes a small excess burden relative to the tax revenue that it raises is.
A tax that imposes a small excess burden relative to the tax revenue that it raises is an efficient tax.
What Exactly Is Tax Efficiency?The least amount of taxes that are legally required to be paid by a person or a corporation is known as tax efficiency. When a financial choice results in a lower tax bill than a competing financial structure that serves the same purpose, the choice is said to be more tax-efficient.
Tax-Advantaged Mutual Fund
Another approach to lower tax obligations is to invest in a tax-efficient mutual fund, particularly for taxpayers without access to a tax-deferred or tax-free account. In comparison to other mutual funds, a tax-efficient mutual fund is taxed at a reduced rate. Compared to the standard mutual fund, these funds often produce lower rates of returns through dividends or capital gains.
Mutual funds that provide little to no interest income or dividends include small-cap stock funds and passively managed ones, including exchange-traded funds (ETFs) and index funds.
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The ongoing increasement of an individual's want and need for varying goods and services is called?
The ongoing increasement of an individual's want and need for varying goods and services is called Conspicuous Consumption.
What is conspicuous consumption?Conspicuous Consumption serves as the term that describes and explains the consumer practice of buying as well as using goods of a higher quality and price.
It should be noted that the Conspicuous consumption serves as an act of displaying ostentatious wealth so as to be able to gain status and reputation in society.
Hence, The ongoing increasement of an individual's want and need for varying goods and services is called Conspicuous Consumption.
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An investor buys a $100,000, 10orporate bond maturing in 2032 for $125,000. the bond is callable starting in the year 2022. What is the most appropriate measure for calculating yield?
The most appropriate measure for calculating yield is the yield of call.
This investor pays $125,000 for a 10% bond with a face value of $100,000. Therefore, the investor pays a premium of he 25% for the bond. If the bond is called before maturity (very likely because the current market interest rate must be lower than the coupon rate, otherwise the bond will not trade at a premium and The issuer can refinance itself by calling the bond issuance at a lower current market yield), losing the premium sooner than if the bond had been held to maturity, lowering the effective yield.
To do. Therefore, the yield on this bond is lower than the yield to maturity. Additionally, this bond is likely to be called, so using the call date is a good time frame to calculate the yield on this bond. By the way that is a difficult question.
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An example of a financing activity is:
Which campus initiative hosts events focused on forming an off-campus student community and learning more about the city?.
The inference is that the campus initiative that hosts events focused on forming an off-campus student community and learning more about the city is aUs Tinite events.
What is an inference?It should be noted that an inference simply means the conclusion that can be deduced based on the information given.
In this case, the campus initiative that hosts events focused on forming an off-campus student community and learning more about the city is aUs Tinite events.
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The par value of common stock must always be equal to its market value on the date the stock is issued.
TRUE, the par value of the common stock must always be equal to its market value on the date the stock is issued
The par value of the common stock must always equal the market price on the date the stock was issued. The issuance of common stock affects both paid-in capital and retained earnings. If the preferred stock has a par value of $50 and the dividend is estimated at 8%, the dividend per share will be $4.
Par value is the value of one share of common stock as set forth in the company's articles of incorporation. It usually has nothing to do with the actual value of the stock. In reality it is often lower. Share certificates issued against the shares purchased show the par value. When approving shares, the company can choose whether to assign a par value.
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An arrangement of a continuing commercial relationship for the right to operate a business pursuant to the franchisor's trade name or to sell the seller's branded goods is a(n):
Those who receive a franchise are referred to as franchisees.
Sale of a franchiseA franchise can be sold if a person agrees to buy, license, or otherwise acquire a franchise from a franchise seller. Unless the new agreement has terms and conditions that fundamentally change from the original agreement, it excludes extending or renewing an existing franchise agreement where there has been no interruption in the franchisee's operation of the business. Additionally, it excludes situations in which a current franchisee transfers a franchise to a new franchisee without the franchisor having any meaningful participation. The mere acceptance or rejection of a transfer by a franchisor is not regarded as significant engagement.
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Which statement is TRUE regarding gross living area (GLA) in an exterior-only inspection appraisal for Fannie Mae
The appraiser must identify the data source for the GLA.
Is TRUE regarding gross living area (GLA) in an exterior-only inspection appraisal for Fannie Mae
Property valuation, property valuation, or land valuation is the process of creating a property valuation (usually market value). Real estate transactions are traded daily and, in contrast to corporate stocks that are identical, are infrequent and each property is unique (especially its condition, an important factor in valuation) and may require the valuation.
The location also plays a decisive role in the evaluation. However, real estate cannot be relocated, so it is often the upgrade or improvement of a home that can change its value. Evaluation reports are the basis for mortgages, real estate planning, divorce, taxation, and more. Valuation reports are sometimes used to set the sale price of a property.
In addition to various compulsory education levels from finance to civil engineering, most, if not all, countries require appraisers to be licensed to practice.
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In a situation where the seller negotiates a contract contingent upon being able to find a new home to purchase, who needs to be protected
The buyer needs to be protected. In a situation where the seller negotiates a contract contingent upon being able to find a new home to purchase.
A "contingent agreement" is a settlement to do or now not to do something, if some event, collateral to such settlement, does or does now not show up. example. A contract to pay B Taka 10,000 if B's residence is burnt. this is a contingent agreement. Enforcement of contracts contingent on an occasion taking place.
A contingent settlement is an agreement that states which actions under sure conditions will result in specific outcomes. Contingent contracts usually arise while negotiating events fail to attain a settlement.
In simple words, contingent contracts, are those in which the promisor carries out his obligation simplest whilst sure situations are met. The contracts of insurance, indemnity and assurance are some examples of contingent contracts.
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Joe decided to start washing cars on his street. The other kids in the neighbourhood noticed Joe was making a lot of money washing cars and decided to open their own car wash. When they opened their own car wash, the equilibrium price ________ and the equilibrium quantity ________.
Joe decided to start washing cars on his street. The other kids in the neighborhood noticed Joe was making a lot of money washing cars and decided to open their own car wash. When they opened their own car wash, the equilibrium price decreased and the equilibrium quantity increased.
The price at which the quantity provided and demanded are equal is referred to as the equilibrium price. It is established by where the demand and supply curves cross. If more goods or services are produced than are needed to satisfy demand at the going rate, there is a surplus, which pushes prices lower.
Reduced demand will result in a drop in the equilibrium price and a reduction in supply. With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required. The equilibrium price will increase as the supply declines, while the quantity needed will go down.
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If you were a security professional in a company, what are four roles (two sets of two related roles) you would separate and why?
A high-risk transaction refers to transactions that have a high chance that they can lead to losses when a threat occurs and the impact of such loss would be huge.
A good example is when payroll raises approval without enough consideration of the company's revenue structure. This could lead to the company suffering losses.
Separation of duties is important. Below is an example of roles that should be separated:
System configuration and approvals
An IT engineer typically does the configurations and changes to IT devices such as firewalls and intrusion detection systems. However, the chief information security officer is in charge of approving the changes or disapproving them if they do not meet the company recommendations
System Access Permissions
An administrator has to add and edit permissions while a security analyst can only report and do a monitoring role on security incidents that escalate for action to be taken.
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In a bilateral monopoly, how are wages and level of employment determined compared to the competitive labor market case?
Bilateral monopolies determine wages and level of employment when compared to the competitive labor market, in an indeterminate manner.
What is an indeterminate wage level policy?This refers to the fact that the wages in a bilateral monopoly have no set way of being determined because the factors affecting employment can change based on the goods being produced.
Some goods will lead to wages and level of employment being quite competitive like the competitive labor market, while others will lead to low levels of competition which would lead to higher wages.
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The opportunity, but not the obligation, to sell a security within a specified period of time at a guaranteed price is ____________.
The opportunity, but not the obligation, to sell a security within a specified period of time at a guaranteed price is put option.
What is put option?Put option involves selling a particular goods off before it becomes obsolete.
About to expire goods also fall into this category as they are put on option by the seller without.
The buyer call also sell products withing this category.
Therefore, the opportunity, but not the obligation, to sell a security within a specified period of time at a guaranteed price is put option.
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Suppose that an MBA degree creates no externality because the benefits of an MBA are captured by the student in the form of higher wages. If the government offers subsidies for MBAs, then which of the following statements is correct
The statement is TRUE.
Suppose that an MBA degree creates no externality because the benefits of an MBA are captured by the student in the form of higher wages. If the government offers subsidies for MBAs. The equilibrium quantity of MBAs will be greater than the socially optimal quantity of MBAs.
MBA socially optimal quantity?The equilibrium quantity of MBAs will equal the socially optimal quantity of MBAs.
The condition that exists when the market is in equilibrium, or when Social Marginal Cost equals Social Marginal Benefit, is known as a social optimality condition in economics. Normally, the social optimality criterion is satisfied in the absence of externalities. When externalities are absent, equilibrium is reached and there is no market failure.
In this case, it is made very apparent that there are no externalities because the advantages of having an MBA solely increase the income of their owners. If there are no externalities, then the market for MBAs is in equilibrium If the government finances MBA programs, possibly through lower taxes, then only MBA holders will profit and others without an MBA will not. This suggests that the MBA market's equilibrium amount is higher than the socially optimal quantity since one sector of the economy (the MBA market) benefits more than the rest of the economy (equilibrium for the rest of the economy).
The statement is therefore, TRUE.
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At present, discretionary fiscal spending accounts for approximately _____ percent of the federal budget.
Answer: 20%
Explanation:
Bram knows that the pipes in his building leak, but he tells cassie, a potential buyer, that there are no leaks. on this assurance, cassie buys the building. on learning the truth, she may sue bram for group of answer choices
She may sue Bram for fraudulent misrepresentation.
What is fraudulent misrepresentation?
A false statement made by the defendant intentionally or negligently to persuade the other party to engage in a contract is known as a fraudulent misrepresentation. The harmed party may try to have the contract nullified and sue the defendant for compensation.
What are the elements of fraudulent misrepresentation?
The following are the basic components of a claim for fraudulent misrepresentation:
misrepresentationknowledge of deceptiona desire to encourage dependencyjustified trustresultant harmIs fraudulent misrepresentation a crime?
Prosecutors and the person that was deceived by the fraud can both bring civil claims against the other party for a single fraudulent act. Fraud typically involves a number of legal components, whether it be criminal or civil, such as the following: Falsely representing a material fact
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If someone simulates a valid wireless access point to get people to provide usernames, passwords, and account numbers without that person’s knowledge, this is ________.
a. a rogue access point.b. eavesdropping.c. an evil twin attack.d. war driving.
If someone simulates a valid wireless access point to get people to provide usernames, passwords, and account numbers without that person’s knowledge, this is c. an evil twin attack.
An evil dual attack is a rogue getting admission to a point (AP) that masquerades as a legitimate one, enabling an attacker to advantage and get the right of entry to sensitive records without the give up the user's know-how. An attacker can wi-fi create an evil dual with a smartphone or different internet-successful device and a few effortlessly available software programs.
An attacker is actively attempting to brute pressure the PIN of a WPS enabled to get admission to the point. -A hacker is utilizing a protocol analyzer on a public c084d04ddacadd4b971ae3d98fecfb2a community to wi-find out wireless packet contents
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The medical assistant should let Ms. Rainwater know only three visits have been approved by the insurance company to see Dr. Bronchi.
The main reasons for Ms. Rainwater's visit to the office is to see the chief on complaint as New patient.
Which scenario depicts a new patient visit?This refers to a patient who has not been in the office for more than three years.
Most time, when scheduling a new patient, the MA may ask the patient to arrive 15 minutes prior to their scheduled appointment.
Also, it is a norm that medical assistant should let Ms. Rainwater know only three visits have been approved by the insurance company to see Dr. Bronchi.
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Diversity of the planning group: A. Requires the group leader to control of decision making and action planning. B. Makes it difficult to identify shared goals. C. Often results in more comprehensive and creative planning. D. Creates an obstacle to gaining community acceptance of the plan.
Option C. Diversity of the planning group: Often results in more comprehensive and creative planning.
What is diversity?
This is the term that is used to refer to a group that is made up of people that are from different cultures, areas and fields.
In such a group there is the tendency for creativity if they are able to work together and share ideas.
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Which company owned the deepwater horizon oil platform?
The company which owned the Deepwater horizon oil platform was an offshore-oil-drilling company called Transocean.
The Deepwater horizon oil spill is recognized as the largest accidental ocean spill in history. This incident occurred on April 20th, 2010, when, the Deepwater Horizon Oil Rig exploded.
The rig was owned by oil-drilling company called Transocean, and was leased to BP oil company. The oil spill was caused by a surge of natural gas that blasted through the concrete core of the oil well.
Later, an underwater camera revealed that the oil well was leaking oil and natural gas onto the ocean floor which was 42 miles off the coast of Louisiana. By the time this news got out, an estimated 3.19 million barrels of oil had leaked into the Gulf of Mexico.
Hence, the answer was given and explained above.
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Which of the following statements about the size and growth of the federal bureaucracy are accurate?
a) The federal workforce has nearly doubled because of programs like health care and education reform.
b) Several recent presidents have made a point of campaigning against the size of the federal workforce.
c) Although the federal workforce has stayed relatively the same in numbers, it has grown as a percentage of the population.
d) The federal civilian workforce has decreased over the last 60 years.
D The federal civilian workforce has decreased over the last 60 years.
B Several recent presidents have made a point of campaigning against the size of the federal workforce.
The term bureaucracy refers to both unelected high-ranking government officials and groups of executive politicians. Historically, bureaucrats were government administrations governed by departments in which non-elected officials were assigned.
The definition of bureaucracy is a civil servant or a group that makes formal decisions according to established procedures. An example of bureaucracy is the staff who run the city hall. noun.
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the following statements about the size and growth of the federal bureaucracy are accurate are -
b) Several recent presidents have made a point of campaigning against the size of the federal workforce.
d) The federal civilian workforce has decreased over the last 60 years.
The Federal bureaucracy is the unelected, administrative body in the govt department. it is the lower back bone of america government. it's miles organized into departments, agencies and commissions.
all the approximately 2,000 federal government organizations, divisions, departments, and commissions are examples of bureaucracies. The maximum visible of those bureaucracies consist of the Social protection administration, the inner revenue carrier, and the Veterans advantages administration.
The federal bureaucracy plays 3 number one responsibilities in authorities: implementation, management, and regulation. when Congress passes a law, it units down hints to carry out the brand new guidelines.
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A bank, Seaside, offers a customer a personal loan. In which of the following circumstances will this decision most likely be considered unethical
If the interest rate increases, the bank is aware that the client will not be able to repay the loan.
What do you understand by interest rate?
The amount a lender charges a borrower is called an interest rate, and it is expressed as a percentage of the principal or the loaned amount. Typically, a loan's interest rate is expressed as an annual percentage rate, or APR (APR).
What do rising interest rates mean?
Your ability to get credit is directly impacted by rising interest rates. Higher interest rates, however, can imply a larger return on your money.
What should you do during a period of rising interest rates?
Whenever interest rates fluctuate, you have the chance to examine your portfolio. To lock in a rate before it significantly rises, it may also be advantageous to refinance some loans. Your current situation and your financial objectives will influence the specific actions you take. A financial manager can assist you in taking the actions that will most likely result in long-term success.
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The product alternatives a customer knows about are referred to as the?
The product alternatives a customer knows about are referred to as the evoked set.
An evoked set is defined as the brands that come to a consumer's mind when the consumer feels need for any product or service . These brands are generally considered as acceptable brands which are based on the consumer’s perception about their products, and their brand equity with the consumers.
The evoked set can also include both the brands that the consumer has purchased before, also the brands which they’ve never purchased from the company.
It is very important to be a part of a customer’s evoked set because -brands which are a part of the consumer's evoked set generally have an opportunity to earn them as a customer or a repeated customer. It is mostly critical situation that when brands earn this status for their target audience, as it is a necessity to sell their product or service.
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The interest rate on secondary credit is set ________ basis points ________ the primary credit rate.
The interest rate on secondary credit is set 50 basis points above the primary credit rate.
What is the primary credit rate?
The "Primary Credit" program serves as the main check valve to make sure that the banking sector has enough liquidity.
What is the secondary credit rate?
Depository institutions can apply for secondary credit if they are not qualified for primary credit. It is extended at a rate that is greater than the prime credit rate on a very short-term basis, usually overnight.
What is the interest rate the Fed charges banks?
The Federal Reserve's benchmark interest rate currently sits in the 0.25 to 0.5 percent target range, but as authorities work to curb inflation, they expect it to rise even further in 2022. The fed funds rate would reach its highest level since 2008 if the Fed raises rates by an additional 2.5 percentage points, as predicted by investors.
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If Susie earns $796,000 in taxable income and files as head of household for year 2021, what is Susie's average tax rate
32.12 % is Susie's average tax rate.
Calculations for the above answer
Tax rate Slabs Income Taxable at slab Income Taxable at next slabs Tax($)
10% $0 to $14200 14200 751800 1420
12% $14201 to $54200 40000 711800 4800
22% $54201n to $86350 32150 679650 7073
24% $86351 to $164900 78550 601100 18852
32% $164901 to $209400 44500 556600 14240
35% $29401 to $ 523600 314200 242400 109970
37% $523601 or more 242400 0 89688
Total Tax(A) 246043
Total Income(B) 796000
Average Tax rate {(a/b)x 100} 32.12 .
The simplest way to calculate your effective tax rate is to divide your income tax expense by your pre-tax profit (or income). Tax expense is usually the last item before the bottom line (net income) of the income statement.
This difference is due to the 12 months of inflation from September 2020 to August 2021 used to calculate the adjustment.
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A cost that changes in proportion to changes in the activity output volume is called a _____ cost. multiple choicefixedvariablemixedstep-wisecurvilinear
A cost that changes in proportion to changes in the activity output volume is called a variable cost.
Any business's overall expenses are made up of both variable and fixed costs. Sales or production output determine variable costs.
An expense that fluctuates in relation to production output or sales is referred to as a variable cost.
Variable costs rise in response to rising production or sales and fall in response to falling output or sales.
Fixed costs, in contrast to variable costs, are unaffected by changes in production or sales volume.
Per unit produced, the variable cost of production is a fixed sum. Variable costs will rise as output and production volume do as well. On the other hand, the variable costs related to production will therefore go down if fewer products are created.
Hence, A cost that changes in proportion to changes in the activity output volume is called a variable cost.
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Which one of these is a disadvantage of the corporate form of business? multiple choice access to capital unlimited personal liability for owners limited firm life legal requirements
Double taxation to shareholders of distributed earnings and dividends, is a disadvantage of the corporate form of business.
Due to the movement of funds from the corporation to the shareholders when a company chooses to pay out dividends, the government taxes the earnings twice.
The business is first taxed at year's end when it is required to pay taxes on its profits. When the shareholders get dividend payments from the business's post-tax profits, a second tax is levied.
The shareholders pay taxes twice: once as owners of a business that generates profits and once as individuals who are required to pay income taxes on their individual dividend income.
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An employee survey at a company indicates that many employees are unhappy with the retirement plan
An employee survey is designed to get valuable feedback from employees to help implement changes that create a greater employee experience.
The goal of an employee survey is to gather insightful comments from staff members to aid in the implementation of improvements that improve the employee experience. These surveys eventually assist HR in developing strategies and planning efforts that boost retention and engagement among staff members, which may result in a more successful firm.
Employee Survey's attitudes towards management are intended to reveal these feelings. The management can learn what employees are thinking and feeling about brand-new changes to the organization by using sentiment analysis.
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Employees at LivingSocial Escapes who are motivated by the belief that taking people on trips is a worthwhile endeavor are motivated by rewards, whereas motivation that occurs as a result of receiving compensation for a successful trip illustrates the effects of rewards.
Employees at LivingSocial Escapes who are motivated by the belief that taking people on trips is a worthwhile endeavor are motivated by intrinsic rewards, whereas motivation that occurs as a result of receiving compensation for a successful trip illustrates the effects of extrinsic rewards.
What are intrinsic and extrinsic rewards?
Intrinsic rewards can be regarded as the reward that originate from within the person, while extrinsic rewards comes from something beyond the person.
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