Started on Wednesday, 6 March 2024, 1:05 AM

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Completed on Wednesday, 6 March 2024, 1:20 AM
Time taken 15 mins 51 secs
Marks 28.00/30.00
Grade 93.33 out of 100.00
Question 1
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It is more efficient and fair in the consumption that reflects in the income.

Sales taxes
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Question 2
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"PV" stands for.....

Present Value
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Part of the planning process is evaluating the possible future results of a decision. Since
those results will occur sometime from now, it is critical to understand how time passing
may affect those benefits and costs not only the probability of their occurrence, but also
their value when they do.

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True
False

Question 4
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It is the rate that usually not difficult to forecast the timing and amounts of future cash
flows.

discount rate
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Question 5
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The cost of simply making the trade.

transaction cost
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Question 6
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 Flag question

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Capital expenditures are usually part of a ____________ plan of building an asset base.

Select one:

a.
Long-term

b.
Short-term
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Question 7
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capital budget
A comprehensive budget is a compilation of a Answer for long-term
goals involving nonrecurring items.

Question 8
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The value-added tax (VAT) or goods and services tax (GST) is widely used outside the United
States. It is a consumption tax, but differs from the sales tax, which is paid only by the
consumer as an end user.

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True
False

Question 9
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Financial plans are expected to happen in the future, so financial decisions are based on
values some distance away in time.

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False

Question 10
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The higher the income or the more to be taxed, the greater the tax rate. It is called Answer
progressive tax

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 Flag question

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When there are regular payments at regular intervals and each payment is the same
annuity
amount, that series of cash flows is an Answer

Question 12
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Income remaining after the deduction of living expenses and debt obligations, or Answer
free cash flow
, is cash available for capital expenditures or investment.

Question 13
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Pro forma financial statements
Answer provide a look at the potential results of financial
decisions. They can also be used as a tool to plan for certain results

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 Question text
That depends on the cost of its not being liquid today, or on the opportunity costs and risks
created by not having liquidity today.

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Question 15
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A transaction cost is the cost of simply making the trade.

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Question 16
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A budget covering all aspects of financial life will include a projection of recurring incomes
and expenses and of nonrecurring expenditures.

comprehensive budget
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Question 17
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operating budget
A comprehensive budget is a compilation of an Answer for short-
term goals involving recurring items.

Question 18
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Estate taxes are taxes on specific consumption items such as alcohol, cigarettes, motor
vehicles, fuel, or highway use.

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True
False

Question 19
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Liquidity
Answer is valuable, and it is an asset affects its value

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Liquidity
Answer is valuable, and an asset affects its value: all things being
equal, the more liquid an asset is, and the better.

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The percentage of income that is paid in tax increases as income rises. Those income
tax brackets
categories are called Answer

Question 22
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Understanding the calculations is not so important in understanding the relationships
between time, risk, opportunity cost, and value.

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Question 23
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 Flag question

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Cash flows from income may be less frequent than cash flows for expenses.

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Question 24
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Estate taxes are taxes on the transfer of wealth from the deceased to the living. Estate taxes
are usually imposed on the very wealthiest based on their unusual ability to pay.

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False

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A budget covering all aspects of financial life- will include a projection of recurring incomes
and expenses and of nonrecurring expenditures.
 comprehensive budget
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Question 26
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A special kind of annuity that goes on forever.

perpetuity
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Question 27
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Cash flows from income may be less frequent than cash flows for expenses.

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True
False

Question 28
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The cost of delayed consumption is largely derived from a subjective valuation of whatever
is consumed, or its utility or satisfaction
Select one:
True
False

Question 29
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Which of the following is the third step in budget process?

Select one:

a.
Redefining goals

b.
Forming expectations and reconciling goals and data

c.
Defining goals and gathering data

d.
Creating the budget

e.
Monitoring actual outcomes and analyzing variances
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Question 30
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 Flag question

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The rate at which time affects value is the rate at which value grows, or the rate at which
rate of compounding
your value compounds, it is calledAnswer .

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