Finance Questions

Elizabeth is considering buying a $30,000 car. Which financing option would have the LOWEST expected monthly payment and the HIGHEST expected total interest payments?

If Suzanne applies for and receives a loan on a peer-to-peer lending website, who is supplying the funding to Suzanne?

Bestbank's Visa credit card discloses an A.P.R. of prime rate + 5.74% to prime rate + 22.74%. If the prime rate increases from 3.25% to 4.25%, what impact would this have on A.P.R. for cardholders?

Ashton needs to get his car fixed in order to get to work, and he doesn't have an emergency fund or enough cash in his account to pay for the repair, which costs $975. Which option below is likely the WORST financial decision to solve his problem?

A _________ is a "bucket" in which costs are accumulated. These cost relate to a single activity measure

In ABC, some manufacturing cost may be excluded from product costs. Which costs are excluded?

Amy and Chuck each buy a house in the same neighborhood for $250,000. Amy's monthly mortgage payment is $400 more per month than Chuck's. Which of the following statements would explain the difference?

Which of the following is most likely to represent a fixed rate, secured debt?

What financial product am I? I am a type of credit card that requires cardholders to make a security deposit equal to the credit limit on their account. Due to this deposit requirement, I am often a good choice for young people looking to establish their credit history.

______ is an event that causes consumption of overhead

In activity based costing, non-manufacturing costs as well as manufacturing cost may be assigned to products, but only if...

You see on a commercial that OrangeCo is offering a credit card with a 5% cashback program for all cardholders. Which question might help you evaluate how good this offer is?

A credit card offer comes in the mail with bold print "0% A.P.R. for new accounts." Which important piece of information should you fine before thinking about signing up?

What is the present value of the following series of cash flows? $3,000, -$3,000, $3,000, -$3,000. Assume a discount rate of 11%.

You are 20, will retire at 65 with $1,000,000, earn 8% per year compounded annually, what must you invest TODAY to reach your goal?

Grandpa puts $50,000 into a bank account for you earning 3% compounded monthly. How much will you have in the account after 5 years if you don't make Grandpa mad enough to take the money back before then?

Which of the following is NOT a common element among financial planning models?

If you deposit $3,000 at the end of each of the next 10 years into an account paying 12.0% interest, how much will you have in the account in 10 years?

You have just won the lottery and will receive $1,750 per year forever. What is the present value of this infinite stream of cash flows given an 7% discount rate?

You are considering an investment with a quoted return of 9% per year. If interest is compounded monthly, what is the effective annual return on this investment?