Cards in this guide (29)
What does reconcile a bank statement mean
What are the steps necessary to reconcile a bank statement
ending balance + outstanding deposits - outstanding check =
balance
What institution insures individual banking accounts
minimum check-writing fee
What type of financial institution do most people deal with
Which of these is the best description of fixed expenses
the budget items that do not vary from month to month.
This is Paula's monthly budget What percent of her expenses is spent on insurance
20Given Paula's monthly budget, the percentage of expenses spent
on insurance can be determined by subtracting all the other
expenses from the monthly budget, which leaves you with the anoint
spent on insurance.
Calculate the simple interest you would receive in five years on a savings account that earns 7.5 percent annual interest What if your beginning balance is 1236.59
Dustin had five outstanding checks that totaled 117.54 What should his check register balance be if he had an ending balance of 599.43 and outstanding deposits that totaled 235.14
Sherry had an ending balance of 125.36 outstanding deposits of 153.53 and outstanding checks of 100.19 What was her checkbook balance
Kenneth is having a terrible time balancing his checkbook He had outstanding checks that totaled 323.14 an ending balance of 232.54 and outstanding deposits of 125.98 His checkbook register bal
Outstanding Checks = $323.14
Current Bank Balance = $232.54
Outstanding Deposits = $125.98
Final Balance = Current balance + Outstanding deposits -
outstanding checks
= 232.54 + 125.95 - 323.14
= 35.35
The final balance on Kenneth's account will be $35.35
If Patty is taking out a simple interest loan to buy her new 10689 car How much would she pay in interest it the rate is 4.5 percent and she pays the loan off in 4 years
She will pay $1,924.02 in interest.
How much of the circle would be shaded for the total of housing food insurance and transportation
Which of these should represent the smallest portion of your budget
Which of these is the correct formula for calculating interest on a loan
Interest = Rate x Principal x Time
Why does monetary policy more directly influence businesses and individuals than fiscal policy does
on A+: because of its effect on interest rates :))
What is the maximum amount Susan is willing to pay on rent
Which of these can occur when a person owes more money than he or she can earn or pay to creditors
What does not belong in the miscellaneous category
Questions that can be categorized belong in the closest category
for that subject. Other questions are harder to categorize and are
in Miscellaneous until they are assigned a category.
What is the interest on a five year loan of 13950 at a 5.8 percent rate of interest
What does automatically withdraws the amount of a purchase from the consumers checking account
Paula prepared the following budget how much discretionary income does Paula have each month
What allows consumers to pay for purchases at a later date
To ensure that you do not have a total consumption budget which two categories should be added to your budget
savings and miscellaneous
What describes discount loans
They require the interest to be paid first.
Calculate the current balance on your checking account if the previous balance was 129.32. You wrote checks for 59.73 and 32.95 and later made a deposit of 754.23
When This is the monthly budget for the reed family. What percentage of expenses is spent on utilities
Divide the utility expense by the monthly budget. Multiply the
result by 100.
What of these describes expenses
the amount of money you have spent
Which of these is an example of a variable expense
