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Which of the following formulas is used to calculate personal net worth? A. Total Assets - Total Debts B. Total Debts - Total Assets C. Liabilities - Unpaid Bills D. Total Assets + Total Debts
Weegy: D. Total Assets - Total Debts User: What term is used to describe a person's fundamental beliefs concerning what is important in life? A. attitudes B. opinions C. judgments D. values Weegy: B. Values User: Which of the following is not normally considered an area of personal finance? A. choice of a marriage partner B. investments C. retirement planning D. budgeting Weegy: The answer is D choice of a marriage partner User: Which of the following is not one of the steps in the personal financial planning process? A. Determining appropriate risk level of participant B. Identifying and evaluating alternative strategies for achieving goals C. Implementing a plan for achieving goals D. Developing short-term and long-term financial goals Weegy: B. Determining appropriate risk level of participant User: What term is used to describe people beginning to spend their wealth in their retirement years? A. disposing B. decumulating C. distributing D. deferring Weegy: D. decumulating . ?Decumulation?, in definitional terms, means the conversion of pension assets accumulated during an employee?s working life into pension income to be spent during retired life. User: When you have a baby, which of the following should you do? A. Change your career. B. Review the consumer price index because you will need to buy things. C. Consider buying a larger home. D. Review how the change in your life situation affects your financial plan Weegy: D. Review how the change in your life situation affects your financial plan User: Which of the following items is generally the hardest to track on the personal cash flow statement? A. variable expenses B. income C. assets D. fixed expenses (More)
Question
Expert Answered
Updated 11/16/2011 8:33:03 AM
3 Answers/Comments
she gave me the wrong answer to allot of questions on my test. this is one of them - Which of the following formulas is used to calculate personal net worth?
Added 11/16/2011 8:32:49 AM
Where on your Personal Cash Flow Statement would you record money received when your rich uncle dies? A. In the expenditures column B. In the cash inflow column C. It would not be included because it is exempt from taxes D. As an asset on your Personal Balance Sheet
Weegy: D User: Who is the person that agrees to take responsibility for repayment of a loan if the primary borrower defaults? A. benefactor B. cosigner C. guarantor D. mentor Weegy: The person that agrees to take responsibility for repayment of a loan if the primary borrower defaults is known as the co-signer. So the answer is D. the cosigner. User: How much would you pay for a $50 Series EE savings bond (Patriot bond)? A. $100 B. $75 C. $25 D. $50 Weegy: C. $25 User: If you are a victim of credit card fraud or theft, your maximum liability for charges made without your authorization is ________, provided you report your loss promptly. A. $100 B. $50 C. $25 D. Weegy: Your maximum liability should you fall victim to credit card fraud or theft is $50. So, the answer is D. User: Which of the following is not one of the factors considered in the FICO credit scoring system? A. length of credit history B. variety of debt sources C. employment history D. level of debt Weegy: * Payment History (35% of score) - account payment information for credit cards, lenders, and retailers. [ Used to measure your ability to pay your bills on time. * Amounts Owed (30% of score) - the total amount of credit you have outstanding relative to the maximum amount creditors are willing to extend to you. * Length of Credit History (15% of score) - a measure of the length of time your accounts have been open with creditors and lenders. * New Credit (10% of score) - the number of times you've applied for credit in the recent past. * Types of Credit (10% of score) - this is the diversity of credit you have in your portfolio. ] User: Which of the following is not one of the factors considered in the FICO credit scoring system? A. length of credit history B. variety of debt sources C. employment history D. level of debt Weegy: * Payment History (35% of score) - account payment ... (More)
Question
Updated 11/13/2011 12:04:00 PM
12 Answers/Comments
The first question has the wrong answer. The right answer is B. The question is: Where on your Personal Cash Flow Statement would you record money received when your rich uncle dies? A. In the expenditures column B. In the cash inflow column C. It would not be included because it is exempt from taxes D. As an asset on your Personal Balance Sheet
Added 9/10/2011 6:17:00 PM
Where on your Personal Cash Flow Statement would you record money received when your rich uncle dies? B. In the cash inflow column
Added 11/13/2011 12:03:58 PM
Where on your Personal Cash Flow Statement would you record money received when your rich uncle dies? B. In the cash inflow column
Added 11/13/2011 12:03:58 PM
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