The simple objective of financial planning is to make the best use of your resources to achieve your financial goals.

a. True

b. False

Suppose the current spot rate for the Norwegian kroner is $1 = NKr6.6869. The expected inflation rate in Norway is 6 percent and in the U. S. it is 3.1 percent. A risk-free asset in the U. S. is yielding 4 percent.

Suppose Sepracor, Inc. called its convertible debt in 2020. Assume the following related to the transaction. The 10%, $10,000,000 par value bonds were converted into 1,000,000 shares of $1 par value common stock on July 1, 2020.

ABC expends $500,000 for work performed under a contract with a total contract price of $3 million and estimated costs of $2.5 million. It sends a bill to the customer for $400,000 under the terms of the contract. a.

7. On January 1, 2018 , the Myrth Corporation decides to invest in Small Town bonds. The bonds mature on December 31, 2024 , and pay interest of 7 % on June 30 and December 31.

Which of the following is a difference between principle-based statements and policy-based statements? a.

Transfer payments are: a. a redistribution of funds from one individual to another individual in the economy. b. another term for government taxation. c. a means by which government raises funds. d. counted in gdp.

A corporation owns many acres of timber, which it acquired three years ago, and which has a $120,000 basis. The timber was cut last year for use in the corporation's business. The FMV of the timber on the first day of last year was $270,000.

Which of the following is an inequality or equation that expresses a restriction in a mathematical model? a. Decision variableb. Parameterc. Objective functiond. Constrainte. None of these

Vent, Inc. reported net income of $770,000 for 2018. Vent sold 15,000 shares of treasury stock acquired in a previous year on July 1 and 15,000 new shares on November 1. At year-end, 180,000 shares were outstanding.

Looking for a solution for a common source of irritation and frustration can be a A. Great way to generate an idea B. Dead end C. Exercise in futility D. Good chance to complain