If the percentage change in supply is 2% due to a price change is 5%, the supply elasticity is

Marginal Factor Cost is equal to

For a producer to be both efficient and effective, the producer must know

Please refer to the graph.  If the isocost line to the left is before input cost changes, which of the following is true

Tax returns must be filed by April 15 with extensions allowed to October 15 if the taxpayer’s estimated tax liability is paid by April 15

Calculating, Assessing Financial Standing Ratios Calculate the financial standing ratios using the following information:   Total Assets                                                                 $ 1,500,000 Total Liabilities                                                            $ 1,200,000 Cash/Savings (included in total assets)                 $       16,000   Gross Income                                                               $     15,000 Income Taxes                                                               $        3,000 Living Expenses                                                          $         4,000 Debt Payments:     Home                                                                        $         7,500   ($1,000,000 loan)     Credit Card                                                              $            700    ($60,000 balance)     Car                                                                             $            800    ($75,000 loan) Total Debt Payments                                                  $        9,000   Monthly savings                                                          $          300  Budget                                                                          Not currently budgeting   Financial Ratio                               Your Answer      Calculation     Net Worth                                                                    Total assets minus total liabilities                                                                                         Guideline = positive net worth; evaluate size, debt, liquidity   Net Cash Flow (NCF)                                                   Gross Income minus taxes, living expenses, debt payments = NCF                                                                                           Guideline = positive net cash flow for allocation to prioritized goals   Liquidity Ratio                                      months            Cash/savings divided by monthly expenses and debt payments                                                                                            Guideline = 6 months coverage                     Mortgage Debt Service Ratio               %                    Housing payment divided by monthly gross income                                                                                             Guideline = no > 28% debt ratio   Debt Service Payment Ratio                %                      Monthly total debt payments divided by monthly gross income                                                                                              Guideline: no > 36% debt ratio   Savings Ratio                                          %                       Monthly savings divided by monthly gross income                                                                                              Guideline 15%  Which FSR’s need improvement:                                                        Yes        No Net Worth/Liquidity Net Cash Flow Liquidity Ratio Mortgage Ratio Total Debt Ratio Savings Ratio  

Calculating, Assessing Monthly Cash Flow – Financial Ratios Gross Income                                            $7,000Income Taxes                                              1,400 Rent (home)                                                2,520Car payment                                                  430Student loan payment                                  150Credit card payment                                     400 Total Debt Payments                                 3,500 Retirement fund                                             0Cash emergency fund                                    0Giving/contributions                                      0 Entertainment                                               500Eating Out                                                     500Auto Insurance                                             100All Other Living Expense                          1,100 This individual reflects the following financial standing ratios: ($100) negative monthly net cash flow36% mortgage debt payment ratio50% total debt payment ratioNo current allocations for cash emergency fund, retirement, contributions Question: What does this indivudaul need to do to achieve a positive cash flow to be able save and invest for cash emergencies, retirement, giving/contributions?

Which of the 5C’s is the most important directly impacting all the other C’s, explaining why? Character (FICO) Capacity (Debt Ratios) Capital (Net Worth) Collateral (Pledged) Condtions (Job, Economy)  

The goal of a mutual fund growth fund is to achieve capital appreciation for long term investors, making it suitable for young investors with time on their side to weather the ups and downs of the market

Underline or highlight if these statements are true or false                                                                                                                                Alternative investments are high risk (true, false) Investing in commodities is speculative, risky, technical requring specialized knowledge (true, false) Money invested in alternatives is money you cannot afford to lose (true, false) Investing in gold is a hedge against geopolitical uncertainty and dollar devaluation (true, false) Gold bars/coins earn income similar to stocks paying a dividend (true, false) Investing in crypto is non-speculative and non-volatile (true, false) Crypto has the potential to become a significant global payment mechanism Crypto has the potential to become a world currency replacing the dollar Investing in crypto has no regulatory, cybersecurity, fraud, or insurance risk