please answer the following questions as soon as possible.

:I.|'|.' - Question 3 [3 points] 1 Your career choice will have the greatest impact on your 1} nancial risk. 2} wealth accumulation. 3} income. 4} b. and c. 5} a. and c. Save _1.-'.'.r' *- Question 4 [3 points] In nancial planning. analyzing costs. benets. and risks 1} helps you to choose alternatives 2} forces you to clefer some goals. 3} allows you to establish a budget. 4} prevents you from making bad decisions. 5} reveals shortcuts to reaching your goals. gen Question 5 [3 points] ;. Which life stage t\_.r::.~icalli..Ir is best characterized by the following nancial circumstances: no dependents, few assets, little wealth. small income needs, high risk tolerance. focus on career development? 1} Adolescence 2} Early adulthood 3} Middle adulthood 4} Late adulthood 5} Old Age QUESUDH D [d DENNIS] if.-." Tariq's short-term goal is to purchase a car, but his current situation does not provide the means. Which of the following choices would most likely provide the greatest longer-term benet with the least risk and the lowest cost? 1} Borrow a car 2} Lease a car 3} Get a car loan 4} Save for a car 5} Buy a car BHYWEIY Save 2.5" Question 3' (3 points] all The usefulness of a currency is based on 1} its supply. 2} its demand. 3} what it can buv. 4} how it is priced. 5} how it is allocated. F... Question 8 (3 points] .12.! Which of the following assets reduces expenses but does not increase inoome or store wealth? 1} Home 2) Land 3) Car 4) Money market account 5) Savings account Save Question 9 (3 points) {'3 The stocks in Wayne's investment portfolio lost value in the recession, but he also had CD5 and a savings account. The effect of his investment diversication on his nances was to 1) increase spending. 2} reduce risk. 3) increase income. 4) reduce cost. 5) increase variety. Question 10 {3 points} When is the best time to get an education? 1} After you get a job 2} When you can afford one 3} Before you sell your labor 4} When interest rates are low 5} After you hate seyed enough Save Question 11 {3 points} Buving capital means that vou 1} own a proportion of an asset's gains or losses. 2} have equity. 3} are not liable for capital gains or losses. 4} a. and b. 5} a., l1. and c. Save Question 12 {3 points} Sources of income mav he diversied hv 1} having more than one emplover. 2} having several bank accounts. 3} managing risks. 4} having fewer investments. 5} clecreasing expenses. Fi-IF". Questien 13 {3 points} _. The benet bf debt is that yuu can 1} use mbne'jlr later rather than new. 2} defer payment bf interest. 3} uwn an asset witheut paying fer it. 4} use it to stare wealth. 5} use other peeple's muney. Save Questien 14 {3 points] The best uses bf debt include all the falls-wing EXCEPT 1} to nance an education. 2} to cever a budget decit. 3} to purchase a car. 4} to buyI a thuse. 5} to fund cIther investments. Question 15 {3 HOME] it .5 Morgan's common-size balance sheet shows assets including a car. a savings aocount. and stocks representing about 50% of his assets' total value. How can he reduce his exposure to the risk of his stocks losing value? 1} Determine his net worth. 2} Diversity his investments. 3} Create an income statement. 4} Sell his car at a prot. 5} Increase his rate of saving. Save Question 16 {3 points} To see what percentage of vour total income is used for each expense vou would create 1} a common-size income statement. 2} a common-size cash ow statement. 3} a common-size balance sheet. 4} a. and b. 5} a., b., and c. Question 1? {3 points] L25 0n the balance sheet, each asset, liability, and net worth is shown as a percentage of 1} total income. 2} total assets. 3} total liabilities. 4} total expenses. 5} total debt. Save r. .' -. Question 18 {3 points} 1.;- Megan's balance sheet shows that on February I", 2010 she had assets totaling $2?,600 and debts totaling $32,500. Which of the following statements best describes her situation? 1} She had equity. 2} She had positive cash ow. 3} She had negative net worth. 4} She had liabilities. 5} She had liquidity. M" Question 19 {3 points) L25 BankruotcilIr occurs when 1} there is negative net worth. 2} debts are greater than assets. 3} vou default on a loan. 4} a. and b. 5} a., b., and c. Save t." Question 20 {3 points} -.;.i Robin uses her checkbook register to record and balance each cash flow, in and out. as it occurs. This activity is called 1} bookkeeping. 2} cash accounting. 3} accrual accounting. 4} a. and b. 5} a. and c. wax t Question 21 {3 points} 15;. Time affects yalue by 1} discounting yalue. 2} decreasing distance to liquidity. 3} reducing risk. 4} delaying opportunity costs. 5} postponing choice. Save um Question 22 {3 points} L? To calculate the present value of an annuity you need to know all the following EXCEPT 1} the amount of the cash flows. 2} the future value of the cash flows. 3} the frequency of the cash flows. 4} the number of cash flows. 5} the rate at which time affects yalue. "if-:1. Question 23 {3 points] When deciding on whether to receive cash flows over time or in a lump sum. vou should consider 1} present value vs. future value. 2} the rates at which time affects value. 3} the probabilities of winning the lotterv. 4} a. and b. 5} a.. b.. and c. Save Question 24 {3 points} Calculating the future value of a series of cash ows is useful when 1} saving for college. a wedding. or retirement. 2} planning for specic cash requirements in the future. 3} deciding whether to save. reduce debt. or invest. 4} a. and b. 5} a.. b.. and c. ??i-*\ Question 25 {3 points) .3 The probability of any one outcome for an event is alwavs stated as a percentage of the 1} most likelyr outoomes. 2} total outcomes possible. 3} universe of known events. 4} past outcomes for the event. 5} independent events. Save v.1?- :al Question 26 {3 points) The formula PV 1:: (1H? = FV expresses the relationship between 1} present and future value. 2} risk and the value of monev. 3} discount rate and risk. 4} liquidity' and time. 5} utility and value. Question 2? {3 points) 2if! Future incomes and expenses can be projected for quantity and price on the basis of 1) probability. 2) volatility. 3} predictability. 4) a. and b. 5) a., b.. and c. Save gran Question 28 {3 points) 5.35:3 You should have at least one full year's worth of data on incomes and expenditures to see 1) seasonal variations. 2) periodic items. 3} monthly averages. 4) a. and b. 5) a., b.. and c. Question 29 {3 points] 15;! Examples of recurring expenditures are 1} purchases of durable goods. 2} living expenses. 3} capital improvements. 4} a. and b. 5} a., b.. and c. Save Question 30 {3 points) :3 The budget process begins with a thorough understanding of your 1} current nancial condition. 2} nancial statements. 3} desires and choices. 4} a. and b. 5} a., b.. and c. E Question 31 {3 points} . .3 Creating a budget involves 1} projecting realistic behavior. 2} questioning vour assumptions. 3} reviewing vour nancial records. 4} a. and b. 5} a., l1. and c. Save Question 32 {3 points} Macro factors to consider when developing vour operating budget include changes in 1} unemplovment rates. 2} price levels. 3} career choices. 4} a. and b. 5} a., l1. and c. QE'N Question 33 {3 points} Taxes mallIr be imposed bv all the following government jurisdictions EXCEPT 1} cities and towns. 2} counties. 3} states and territories. 4} wards and precincts. 5} the federal government. Save Question 34 {3 points} 33 Tax deductions for non-discretionary.Ir expenditures include all of the following EXCEPT 1} dental expenses. 2} self-emplovment taxes. 3} propertv taxes. 4} unreimbursed job-related expenses. 5} medical expenses. if: Question 35 {3 points] Taxes mallIr be imposed on all of the following sources of wealth EXCEPT 1} asset ownership. 2} asset transfer after death. 3} property. 0 4} most income. 5} most gifts. Save 95-7. -. Question 36 {3 points} "H Taxable entities in the federal tax system include all of the following EXCEPT 1} individuals. 2} tax-exempt entities. 3} non-prot organizations. 4} trusts. S} corporations. Kx'F' Question 3? {3 points) Li If they nd a discrepancy in your tax return, the IRS may 1} follow up by mail or personal interview. 2} conduct a full audit. 3} request verication. O 4} a. and b. 5) a., l1. and c. Save Question 38 {3 points) 12;: If vou pavr proportionally more taxes due to the less income you have, then you are paying a 1} consumption tax. 2} regressive tax. 3} progressive tax. 4) excise tax. 5} estate tax. 5'7: 3 Question 39 {3 points} H If you get into trouble with debt you should rst 1} renance the loan. 2} sell an asset or borrow to pay off the loan. 0 3} le for bankruptcy. 4} let lenders repossess your nanced asset. 5} inform lenders and get debt counseling. Save I- I-. Er; - l Question 40 {3 points} as... If you get into credit card trouble you should 1} inform creditors. 2} create a special budget. 3} nd out your legal rights and obligations. 4} a. and b. 5} a., b.. and c