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Name: Madeleine O'Brien
Date: July 16, 2022
Graded Assignment
Section 5 Study Questions
Instructions
Save the file in your Finance folder, and name it with Study, the section number, and your first initial and last name. For example, Jessie Robinson's study questions for Section 1 would be named Study1JRobinson.
Answer the questions for each lesson on the same day that you read the lesson. Save the file before closing it each day. Then turn in your answers to the study questions at the end of the section. Review Lesson 4 of the Course Overview for instructions about turning in your study questions.
Assignment
Total score: ____ of 12.0 points
Answer each question fully. Complete sentences are not necessary.
Lesson 1
(Score for Question 1: ___ of 0.5 points)
•
What is a money market account?
Answer:
Invests your money in low risk investments with predictable interest rates. (Score for Question 2: ___ of 0.5 points)
•
What is a liquidation policy?
Answer:
Tells you when and how you're able to remove money from the account. (Score for Question 3: ___ of 0.5 points)
•
What is simple interest?
Answer:
Is interest gained only on the principle amount of an account.
(Score for Question 4: ___ of 0.5 points)
•
What is compound interest?
Answer:
Is the interest that is added to the principal in the acount, so that the interest you receive starts to generate its own interest. (Score for Question 5: ___ of 0.5 points)
•
What is the time value of money?
Answer:
Is the assumption that money is worth more the sooner it is received. (Score for Question 6: ___ of 0.5 points)
•
Name a strategy for saving money.
Answer:
Collet coins.
Lesson 2
(Score for Question 1: ___ of 0.5 points)
•
What is investing?
Answer:
When you give your money, time, or energy to something in order to get a reward in the future usually financial reward. (Score for Question 2: ___ of 0.5 points)
•
What is financial risk?
Answer:
The possibility of losing money. (Score for Question 3: ___ of 0.5 points)
•
What is diversification?
Answer:
Is an investment strategy in which you spread out your investments among many different types. (Score for Question 4: ___ of 0.5 points)
•
What is risk tolerance?
Answer:
The amount of risk you are able to handle without being too negatively affected by failed investments. (Score for Question 5: ___ of 0.5 points)
•
What are debt investments?
Answer:
Investments without ownership that promised a specific return on the invetment. (Score for Question 6: ___ of 0.5 points)
•
What are equity investments?
Answer:
Investments in the ownership of something, such as a company or real estate, with the hope that the investment will increase in value and be worht more ar some future date. Lesson 3
(Score for Question 1: ___ of 0.5 points)
•
What are stocks?
Answer:
A popular type of equity investment in which you can buy practial ownership of a company in a tiny fractional amount.
(Score for Question 2: ___ of 0.5 points)
•
What are bonds?
Answer:
A type of debt investment in which you lend money to a company or a government, and the company or government gives you a document.
(Score for Question 3: ___ of 0.5 points)
•
What is fraud?
Answer:
Illegal, dishonest behavior by an individual or company. (Score for Question 4: ___ of 0.5 points)
•
What is an annuity?
Answer:
An agreement you can make with an insurance company in which you pay the company a specific amount of money. (Score for Question 5: ___ of 0.5 points)
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•
What is microfinance?
Answer:
Providing loans or other financial services to low income individuals or small groups who can't access banks or wouldn't qualify for loans. (Score for Question 6: ___ of 0.5 points)
•
What is venture capital?
Answer:
Money used to fund a business in its early stages.
Lesson 4
(Score for Question 1: ___ of 0.5 points)
•
What is a 401(k) account?
Answer:
A common type of retirement account. (Score for Question 2: ___ of 0.5 points)
•
What is a mutual fund?
Answer:
A company that takes money from many investors, pools that money together, and then invests the money in stocks, bonds, other securities, or a combination of these. (Score for Question 3: ___ of 0.5 points)
•
What is a broker?
Answer:
A finance professional who buys and sells stock and other securities on behalf of an investor.
(Score for Question 4: ___ of 0.5 points)
•
Name a stock market indicator in the U.S.
Answer:
Dow Jones Infustrial Average.
(Score for Question 5: ___ of 1.0 points)
•
Name at least two pieces of information that might be found in stock listings.
Answer:
52 week hi/low, the highest and lowest price the stock has sold for over the past 52 weeks.
Stock, the name of the company.
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Your grandfather has agreed to deposit a certain amount of money each year into an account paying 7.90 percent annually to help you
go to graduate school. Starting next year, and for the following four years, he plans to deposit $2,350, $8,600, $7,200, $6,600, and
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Johnson Company calculates its allowance for uncollectible accounts as 10% of its ending balance in gross accounts receivable. The
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Concord Industries has equivalent units of 7100 for materials and for conversion costs. Total manufacturing costs are $124370. Total
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O $17.52.
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Round your answers to two decimal places, if necessary.
At the beginning of each of the last three years, Lucas put $7,000 from his earnings as a waiter into a
college savings account that earned 1.7% interest compounded annually. Now he will spend an
estimated $21,600 to attend his local community college for 2 years and not take out a student loan.
Complete the table to determine whether Lucas has saved enough money to attend community college.
2
3
Year
1
Beginning balance
$0
Amount deposited
$7,000
$7,000
$7,000
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$7,000
$
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$
Lucas (select)
v enough money to attend community college.
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Received $48,000 cash and issued common stock to Simpson.
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- 1. Journal all transactions in Part One 2. Using the chart of accounts, open ledger accounts and post journals to the ledger account. 3. Prepare a trial balance 4. Prepare the following statements: 1. Income Statement 2. Retained Earnings Statements 3. Balance Sheet You need to use Microsoft Excel. Do not use Google Docs or Apple’s numbers. Place your submission in the appropriate journal labeled final project in the learning modules tab in Blackboard. The project is due in Module 15. Three points extra credit to final grade if submitted during Module 14. Part One A. The following transaction occurred for Scrooge Inc. for the month of December 31, 1820. B. Ebenezer Scrooge invested $50,000 cash along in the company in exchange for common stock. C. The company prepaid $500 for 12 month’s rent. D. The company purchased $100 in office supplies. Payment due withing 10 days E. Scrooge Inc. completed services for a client and immediately received $2,000. F. The company completed $1,500…arrow_forwardChapter 2a homework Name Print out and complete this homework assignment. Pay special attention to rounding correctly. A work must be shown to receive full credit; use a separate sheet if necessary. If you are an online student, scan your work and upload. 1. A local coffee shop reported that its sales have increased exactly 16% per year for the last 2 years. This year's sales were $81,612. What were the coffee shop's sales 2 years ago? Hint: Calculate only one years' sales at a time, (Round each year's sales to the nearest dollar.) Sales 2 years ago 2. Richard Dawks, a lawyer, charges Gunderson's Hardware, his client, 25% of what he can colle for Gunderson from customers whose accounts are past due. The attorney also charges, in addition to the 25%, a flat fee of $50 per customer. This month, Richard collected $8,800 from four of Gunderson's past-due customers, What is the total fee due to Richard? Total fee due Richard 3. Abby bought four Dunlop tires at a local Goodyear store. The…arrow_forwardEat min C e New tab Λ Content xW Quiz 3-MAT-143, section 03F, Fa X + Q A ✩ https://www.webassign.net/web/Student/Assignment-Responses/last?dep=34832472 Viewing Saved Work Revert to Last Response DETAILS MY NOTES You deposit $850 in an account paying an annual simple interest rate of 7.8%. Find the future value of the investment (in dollars) after 1 year. DETAILS MY NOTES Calculate the simple interest due (in dollars) on a 40-day loan of $1,600 if the annual interest rate is 9%. (Use 360 days in 1 year.) $ DETAILS MY NOTESarrow_forward
- 6.2 Saving and Investing n.hawkeslearning.com/Portal/Lesson/lesson_practice# niversity X Question 9 of 13, Step 1 of 1 X - Save & Exit Practice Lesson: 6.2 Saving and Investing Lesson 6.2 Saving and Investin X Answer How to enter your answer (opens in new window) Ⓒ2024 Hawkes Learning $350 Your answer is incorrect. Please choose one of the following: Google Chrome - The Fast & Sex 3/13 Correct Lateral Flexion: What Is It and Molly starts an IRA (Individual Retirement Account) at the age of 28 to save for retirement. She deposits $350 each month. The IRA has an average annual interest rate of 7% compounded monthly. How much money will she have saved when she retires at the age of 65? Round your answer to the nearest cent, if necessary. X + GRANT GREENE Explain Error 5 Incorrect Formulas Keypad Keyboard Shortcuts Try Againarrow_forwardmyOpenMath Course Messages Forums Calendar | Gradebook Home > Math 173-4 Spring 2024> Assessment Quiz 2 (Sec. 1.5-1.7) 54 points possible 5/12 answered Question 6 The graph of the function y = f(x - 39) can be obtained from the graph of y = f(x) by one of the following actions: > Next Question Home | My Oshifting the graph of f(x) to the right 39 units shifting the graph of f(x) to the left 39 units shifting the graph of f(x) upwards 39 units shifting the graph of f(x) downwards 39 unitsarrow_forward* CengageNOWv2 | On x * Cengage Learning B Milestone Two Guidel G module 5 problem set x blem Set: Mod x now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogres.. eBook Show Me How Proceeds from Notes Payable On January 26, Bella Co. borrowed cash from Conrad Bank by issuing a 30-day note with a face amount of $48,000. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 6%. b. Determine the proceeds of the note, assuming the note is discounted at 6%. Check My Work The proceeds equal the cash initially received. Proceeds represents how much in value the borrower is walking away with in cash on merchandise. Previous Next Check My Work 1:36 PM 54°F A O E A 4 11/28/2021 %23arrow_forward
- Edit View History Bookmarks Profiles Tab Window Help M 100% M Sun 11:24 AM as College WP Ch 05 Homework Assignment X wP NWP Assessment Player UI Ap X ducation.wiley.com/was/ui/v2/assessment-player/index.html?launchld=73f9082f-68e7-46db-a4b3-509e5b6e0e6d#/question/0 mework Assignment Question 1 of 2 - / 5 Ayayai Mowers Ltd. agreed to sell the City of Halifax four riding mowers and 20 push lawn mowers. The contract price was $72,00O. Ayayai normally sells its riding mowers for $14,400 and its push lawn mowers for $960. The contract required the City of Halifax to pay Ayayai once all of the merchandise has been delivered to the city's public works yard. Ayayai's management does not expect any returns or any issues with payment. Ayayai delivered all four of the riding mowers and 14 of the push mowers on April 26. The remaining six push mowers were delivered on May 5. Ayayai received payment from the city on May 18. Ayayai's cost for each riding mower is $9,960, while the push mowers cost…arrow_forwardwhats the answer for number 2arrow_forwardScreenshot of question is attached. thanks in advancearrow_forward
- Hi there! I've been stuck on these two problems for > two hours now and I'm not at all sure what to do. Is there any way someone can help me?arrow_forwardAssignment: Chapter 12 Homework Time Remaining: 0:58:20 Questions Problem 12.08 (New Project Analysis) 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 0 eBook Assignment Score: 78.57% Save Submit Assignment for Grading Question 4 of 14 ► Check My Work You must evaluate the purchase of a proposed spectrometer for the R&D department. The purchase price of the spectrometer including modifications is $140,000, and the equipment will be fully depreciated at the time of purchase. The equipment would be sold after 3 years for $32,000. The equipment would require an $8,000 increase in net operating working capital (spare parts inventory). The project would have no effect on revenues, but it should save the firm $43,000 per year in before-tax labor costs. The firm's marginal federal-plus-state tax rate is 25%. a. What is the initial investment outlay for the spectrometer after bonus depreciation is considered, that is, what is the Year 0 project cash flow? Enter your answer as a positive value.…arrow_forward#5 is the questionarrow_forward
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