Operation Management homework help

1. A ________ is an investment company that sells shares to investors and then invests the pool of funds in stocks, bonds, or other assets.

2. The “Four Ps” to consider in choosing a financial institution include product, price, people, and

3. A certificate of deposit is a type of savings account that pays

4. Which of the following types of accounts is not insured for $250,000 by the Federal Deposit Insurance Corporation (FDIC)

5. Simone spent an average of $500 each month on groceries last year for herself and her family. She is now forecasting the family budget for next year. She read that an inflation rate of 5% is expected. How much should Simone budget for the monthly food expense next year?

6. You are comparing a one-year CD and a five-year CD offered by the same bank. Assuming all the other terms are equivalent, which one will give you the higher rate of interest

7. If your projected net cash flow is negative, which of the following should you do first

8. A money market mutual fund is a mutual fund that invests in

9. Setting up automatic bill payment whenever possible will help ensure that

10. Which of the following is (are) good reasons for tracking budget variances

11. A budget variance occurs when your actual expenses are ______ than your budgeted expenses

12. The process of adjusting income, expenses, and savings in order that more is not spent than is earned is known as ________ a budget

13. His accountant has informed Ray that he qualifies for the American Opportunity Tax Credit because he is a full-time student at the local university. Assuming Ray qualifies for a $2,500 tax credit, this means the credit will

14. Which of the following filing status categories receives the largest standard deduction

15. Andrew and Celine are married with three dependent children and one adult child who is no longer dependent. How many exemptions with Andrew and Celine claim when they file their joint tax return?

16. The dollar amount per qualifying household member that is subtracted from adjusted gross income is known as

17. Harold is divorced and not remarried. He lives with and pays more than half of the support for a dependent child. Harold’s filing status is

18. Sue and Jenny both earn gross income of $40,000 per year. Jenny qualifies for a $1,000 child tax credit but Sue does not because she does not have children. All other things being equal, who will have the higher average tax

19. Which of the following types of taxes paid is not an allowable itemized deduction

20. Lee earned a salary of $25,000 from his job as a server last year. In addition, he earned $12,500 in tips, $135 in interest income, and $200 in dividend income from investments. What was Lee’s total income last year

21. The reduction in taxes owed as a result of a financial decision is known as the

22. Matthew is 16 years old and can be claimed as a dependent by his parents. He received $1,500 in dividends and $650 in interest and earned $4,800 from odd jobs during the year. Will Matthew need to file a separate tax return? Why

23. Married couples filing jointly can claim exemption of $3,950 per person and they are allowed a standard deduction of $13,400. Polly and Steve had joint earned income of $18,600 this year, as they are both graduate students. Based on their status and income, Polly and Steve

24. Which of the following occupations would be the most likely to pay estimated taxes

25. The dollar amount of a standard deduction depends upon