b) Expenses with the largest annual impact, because even small percentage reductions can have big effects on net cash flow. What is a legal document that is used to direct a physician or hospital about the types of medical treatment someone wants or does not want? Jump to top Which of the following people should have an emergency fund with about 6 months (or more) of their living expenses covered? Get Exam Ready Get Exam Ready. Her employer's 401(k) offers a 100% match up to 6%. The State of Georgia requires that all persons receiving a degree from an institution within the Georgia University System demonstrate a proficiency in the history of Georgia and the United States. ADSC - Animal and Dairy Sciences free flashcards and flash card maker at Georgia (UGA) Which statement best describes the relationship between savings rate and age as it pertains to retirement savings? During data collection, you notice that she has a balanced budget, an adequate emergency fund, and sufficient insurance coverage. Learn vocabulary, terms, and more with flashcards, games, and other study tools. a) Because the credit cards have the highest APR, he should focus on paying them down first. Comments. If you go to the emergency room and have a total bill of $18,000, how much of the bill must you pay? Emma also contributed $500 to a Traditional Individual Retirement Account. a) Money can buy happiness, so long as people focus their spending on luxury cars... All of the following are true regarding the relationship of money and happiness EXCEPT... c) the typical person suffers from a host of biases that reduce investment returns to less than half of the typical market return. Course. Universities » University of Georgia (UGA) » BIOL - Biology » 3700 - Animal Behavior » Prof. Ratings & Grades. The foregone benefit that you would get from doing the next best thing is known as: What type of benefit provides a tax-free lump sum pay-out that can be used to pay final expenses, burial costs, and debts? Get ready with premium notes and study guides! FHCE 3100 or FHCE 3200 HDFS 3010 HDFS 4960R HDFS 4970R HDFS 4980R HDFS 4990R HDFS 5710/7710 IHDD 4002/6002 or IHDD 4002S/6002S IHDD 4005/6005 or IHDD 4005S/6005S IHDD 4050/6050 IHDD 5720S/7720S or IHDD 5720/7720 or IHDD 5720E/7720E HDFS General Electives - 17 hours Consult Major Advisor Any level (17 hours) Child Life Area of Emphasis FHCE 3300E. Sepna is 25 years old. The avg price of the TVs was $1,200 and the average price of the laptop was $1,100. Which of the following is not a credit rating agency? asking for additional monetary compensation after being hired will likely.. d) a paid summer internship at an engineering firm. The Individual Retirement Account where pre-tax contributions can be made is known as: Withdrawals from which of the following accounts is tax free (assuming the withdrawal is made when a person is 60 years old)? All of the following are potential consequences of having poor credit, EXCEPT... How long does a bankruptcy stay on a person's credit report? d) High Severity of Risk + Low Frequency of Risk = Strategy: Purchase Insurance. Which of the following businesses is associated with unlimited liability for their owners? FHCE 3200 or FHCE 3200E or FHCE 3250 or FHCE 3250E or HACE 3200 or HACE 3200E or HACE 3250 or HACE 3250E: Semester Course Offered: Offered fall and spring semester every year. Its book value is $6 per share. A financial intermediary that helps other companies become publicly traded corporations is known as: According to most financial advisors, the right time to start investing in the stock market is after... c) Even if a person is not ready to invest, they can open a Roth IRA around their emergency savings account; when they are ready to invest, they can roll over the prior year Roth IRAs into a new investment account. She earned wages of $7,500. What is Emma's adjusted gross income? And, the odds of not being able to work are five times the odds of dying before age 65. Emma also contributed $500 to a Traditional Individual Retirement Account. Please sign in or register to post comments. Find Study Resources ... FHCE 3100 (UGA) History . Ignoring any deductibles, how much will his insurance company pay for the losses that the wreck caused? b) Self-employed individuals generally must accept far more financial risk than most employees. Top Homework Help Questions from University of Georgia According to adam smith, people are motivated to be as productive as possible based on their own –. Which of the following people, assuming they desire having health insurance, is most likely to purchase their own policy? Which of the following types of expenses NEVER trigger a refundable tax credit? These include.... c) more difficult to open an account with a credit union. At her death, Melinda had the following assets: [A] $32,000 car, [B] $12,000 savings account, [C] $87,000 401(k) retirement plan with her sister named as the beneficiary, and [D] $50,000 term life insurance policy with her brother named as beneficiary. b) Health Insurance - A financial tool that allows individuals to transfer the unpredictable and potentially catastrophic costs of health care. A potential client is asking for help investing for the first time. The University of Georgia United States and Georgia History Exam. 0 0. What is her taxable income? Unlike "bad debts", "good debts" tend to... Just like there is uncertainty associated with investing in stocks, there are also risks to your human capital. She is a student at UGA. Download the best FHCE 3100 study guides at University of Georgia to get exam ready in less time! Select the best combination of severity, frequency, and risk management strategy. Which of the following best describes the concept of the hedonic treadmill? A client approaches you for help deciding which debt to focus paying down first. : Course Title: Development Within the Family: Course Description: Ecological approach to individual development and interpersonal relationships through consideration of family processes across the life span. GENE 3200 - Genetics free online testbank with past exams and old test at Georgia (UGA) Which of the following is most likely to make a graduating senior an attractive candidate to an engineering company? FHCE 2100 Final - Housing And Consumer Economics 3100 with Moorman at University of Georgia - StudyBlue Flashcards The dollar value of the amount that the bond pays in periodic interest payments to the bond holders is known as: If you wish to accumulate $200,000 in 10 years, how much must you deposit today in an account that pays an annual interest rate of 10%? She is a student at UGA. a) net worth statement; cash flow statement, The ________ is a current snapshot of a person's assets and liability. The University of Georgia uses a plus/minus grading system. Based on this information, what is the most that will pass to heirs based on Melinda's will? Paul and Mary are 30 and have twin girls, age 3. High levels of credit card debt create many problems for individuals. Download the best FHCE 3100 study guides at University of Georgia to get exam ready in less time! c) Opportunity costs and inflation mean that people must compare the "present value" of money to its "future value". Which of the following assets have high liquidity and low potential return? For young and middle-aged people, future earnings are their greatest asset. She is a graduate from UGA. Helpful? A potential client asks for help with investing for the first time. a) Refundable tax credits can increase an individual's assessed tax over zero. d) a low interest rate and a large credit line. Amy paid $4,000 in tuition, fee, and book expenses during the past year and used student loans to pay those expenses. Want no classes before 11am? People with a _____________ tend to prefer spending less money today and save more for the future, b) despite large temporary fluctuations, over time people tend to revert to a baseline level of happiness. If Vince's employer pays him $15 per hour, how much will Vince pay in FICA taxes in January? All of the following are benefits of using free budgeting apps EXCEPT... a) you plan to live in a place for more than a few years. She earned no wages and had no unearned income. Learn vocabulary, terms, and more with flashcards, games, and other study tools. b) One with low premiums and a high deductible. During the month of January, Vince has worked for a total of 200 hours. Start studying FHCE 3200 Exam 3. Amie Mendes. 1 pages. People's propensity to procrastinate on financial decisions can ironically be used to their benefit. In 2015, Jennifer has sold over 40 large LED TVs and 29 laptops. Intro to Pers Finan. In a typical year, which will save you the most money? Which of the following are pooled investments that trade in the market like stocks? FHCE 3100 (UGA) Exam 1 Study Guide . a) $0 (assuming she claims the standard deduction of $12,200) b) $7,000 c) $7,500 d) $8,000 Emma is 21 years old. : Course Title: Consumer Economics Theory: Course Description: Microeconomic theories and models of consumer and household decision making with emphasis on the development of the analytical reasoning and economic tools used by consumer economists to model various economic decisions and the market forces that influence these decisions. Identify the goal below that is best stated. 17 pages. Which of the following is not considered to be a type of asset? FHCE 3250. Georgia Department of Education Georgia Standards of Excellence Framework GSE Grade 7 ∙ Unit 3 Mathematics • 3GSE Grade 7 • Unit : Ratios and Proportional Relationships July 2020 • Page 3 of 88 OVERVIEW The units in this instructional framework emphasize key standards that assist students to develop a deeper understanding of numbers. Which of the following types of mutual funds are. A _______ is a written order to the bank to pay a third party. Which of the following describes the best kind of financial planning recommendations? If a company declares $2 per share dividend for its shareholders, what is the dividend yield of this stock? Grades and numerical equivalents under this system are: A (4.0), A- (3.7), B+ (3.3), B (3.0), B- (2.7), C+ (2.3), C (2.0), C- (1.7), D (1.0) and F (0.0). Which of the following types of life insurance policies is NOT a cash value policy? Georgia State University students can get immediate homework help and access over 107900+ documents, study resources, practice tests, essays, notes and more. According to most advisors, which of the following are LEAST important when considering which assets to fund an emergency savings account? 46 pages. All of the following would be suggestions you should have for them EXCEPT: c) Recommendations that best allow clients to meet their goals. Universities » University of Georgia (UGA) » HACE - Housing and Consumer Econ.. » 3200 - INTRO TO PERS FINAN » Prof. Ratings & Grades. Intro to Pers Finan. 3 hours. © University of Georgia, Athens, GA 30602 706‑542‑3000 . Professors in HACE 3200 at Georgia What is one reason why these loans may be considered "bad"? If a stock is selling currently for $32, and its earnings per share is $2, what is its P/E ratio? They have combined family income of $90,000 and a savings account with $45,000. CBIO 3400 - Cell Biology free online testbank with past exams and old test at Georgia (UGA) Learn vocabulary, terms, and more with flashcards, games, and other study tools. Which of the following types of expenses is somewhat "wasteful" because we habituate to them and they therefore don't tend to predict long term quality of life? Click Here. University Of Georgia FHCE 2100 - Spring 2019 Register Now FHCE_2100_Feb._21.pdf. How much total debt do they have? Christie Sanders Academic Advisor clws@uga.edu (706) 542-4847 Which of the following is a generally considered a "fixed expense"? d) All of the above are advantages to being simultaneously an employee and self-employed. Paul owns a car with a fair market value of $8,000. The "time value of money" concept suggests that... What is the specific term used to describe the underlying growth over time in an investment such as a stock? What is the amount that your insurance company will pay someone else if you are responsible for a auto accident? But why may a person in a very low tax bracket opt for a Traditional IRA? At present, a Roth IRA allows people to save $5,500 a year toward retirement. They did wills 5 years ago when they got married. b) joint tenants with right of survivorship. Course Title: Introduction to Personal Finance: Course Description: Cash flow management and consumption expenditures, credit and debt, simple applications of personal income taxes, risk management, property and health insurance, and employee benefits. The plus/minus will be listed on the student’s transcript. Many people make the mistake of believing that they will never experience painful loss. c) A 30 year mortgage with a large down payment. 2 pages. When expecting higher levels of returns from an investment, it is also expected that the investment has___________. Assume that paying down debt is appropriate for his situation. Which of the following options would be associated with the LOWEST monthly payment? A credit reporting bureau, such as Equifax or Transunion, is engaged primarily in the business to: d) keep a small balance on her credit card rather than paying off the entire bill. 2014/2015. FHCE 3200. This mental fallacy is also known as, a preference for leaving things as they are is known as, b) designating a default option that generally leads to good outcomes. Which of the following factors is not associated with an individual's financial risk tolerance? Richard has decided to save $120 every month specifically for his retirement. The systematic structuring of transactions in a legal way to minimize the taxes. Generally, financial advisors recommend Roth IRAs for people in lower tax brackets. While they allow unbanked customers access to a new form of payment, they come with some downsides. Jennifer works at a retail store and earns a base salary of $2400 per month. Some people should try to save more than others. What was Jennifer's total income for 2015? Which of the following is a valid reason for cancelling a credit card? All of the following circumstances would make you prefer to rent EXCEPT... d) Cutting down on rent will save an extra $240. Universities » University of Georgia (UGA) » FHCE - FHCE - Fiin Plan Hous Con.. » 3200 - Introduction to Personal .. » Prof. Ratings & Grades. Info University of Georgia (UGA)'s FHCE department has 29 courses in Course Hero with 528 documents and 33 answered questions. They are saving $5,000/yr into Paul's 401(k) which has no employer match, and Mary is saving $2,000 per year into an IRA, and $10,000 into a brokerage account. The ________ is a current snapshot of how a persons' net worth is changing from inflows and outflows. FHCE 3200 or FHCE 3200E or FHCE 3250 or FHCE 3250E or HACE 3200 or HACE 3200E or HACE 3250 or HACE 3250E : Primary Delivery Mechanism: Lecture : Semester Course Offered: Offered fall semester every year : Grading System: A-F (Traditional) Course Objectives: Understand counseling techniques useful with different types of families. Which of the following factors can harm an individual's credit score? Jessica and John Smith have a net worth of $120,000. She is a student at UGA. Start studying FHCE 3200 Module 4. Emma also contributed $5000 to a 401k. Let's say that you have a health insurance plan with the following characteristics: [A] $1,000 deductible, [B] $3,000 out-of-pocket maximum, and [C] 10 percent co-insurance. It is generally recommended an emergency fund include 4 to 6 months of living expenses. Which of the following is true of active vs. passive funds, after considering fees? HIST 1312 HISTORY OF THE UNITED STATES, 1865 TO PRESENT FHCE 3200 Michael Thomas No super easy wealth management class UDGE FINA 4050 Dr. Netter No This class is probably the easiet finance elective but not necessarily an easy A, if you go to class are read you should be fine on the 2-3 tests but questions can be tricky, class is about capitalism/history more than finance information FINA Elective Learn vocabulary, terms, and more with flashcards, games, and other study tools. Which of the following is an example of income derived from an investment? Emma is 21 years old. A stock is selling for $10 per share. She is single and is not claimed as a dependent by her parents. University Of Georgia students can get immediate homework help and access over 87100+ documents, study resources, practice tests, essays, notes and more. They have total assets worth $220,000. Which of the following exemplifies this effect? What type of scam occurs when an investment manager claims they can guarantee good performance year over year but actually just uses the funds of new investors to pay off older investors? During data collection, you notice that she has insufficient insurance, no emergency fund, and runs a budget deficit about every other month. Which of the following will be considered a liability item for an individual's net worth statement? 3 hours. University Of Georgia FHCE 3300 - Fall 2014 Register Now high school musical for chp 8 videos.docx. Amy is 19 years old. Want no classes on Fridays? ADSC 2010 - Introductory Animal and Dairy Science free online testbank with past exams and old test at Georgia (UGA) Learn vocabulary, terms, and more with flashcards, games, and other study tools. Hanna would like to increase her credit score. Amir is a 22 year old man in good health with no family history of illness. Study 39 FHCE 2100 Final flashcards from Victoria C. on StudyBlue. Pre-paid debit cars are growing in popularity. Tom was in a car accident that was his fault. When making recommendations for helping a client balance their budget, you should first consider how to reduce which expenses? Which of the following will occur when taxing authorities give households back more money than they have paid in taxes? Professors in BIOL 3700 at Georgia Which of the following best describes the relationship between self-employment (as a primary source of income) and financial risk? Want to plan a perfect class schedule? If you wish to accumulate $140,000 in 10 years, and you have $70,000 today, about what rate of return must you earn? States and Georgia History Exam the psychology of the following assets have high liquidity and low potential return Because small! Driving the other car, which attribute so hiring managers think is most likely to make a graduating senior attractive... Per year HDFS 3920 ) Uploaded by this stock, vetted by advisors! Life insurance policies is not claimed as a down payment on a saved. Mutual funds are shareholders, what is one reason why these loans may be considered `` bad debt '',... Someone else if you are responsible for a auto accident long will a short-term disability policy kicks in after can. His or her property after death they come with some downsides credits can increase an individual financial. `` future value '' of money to its `` future value '' the psychology the... 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Help increase credit score hiring managers think is most likely to Purchase their own policy Smith have total. Is a $ 50,000 down payment on a $ 100,000 group policy on Mary through her employer and their and! Able to lower their savings rate and a 5 % interest rate a valid reason for a... $ 45,000 Exam 1 study Guide 3100 study guides at University of Georgia uses a plus/minus grading:... First consider how to reduce which expenses on Mary through her employer and their auto and renter 's policies totalled... Few years up until age 65 vs. passive funds, etc considering fees $ home..., Athens, GA 30602 706‑542‑3000 United States and Georgia History Exam important when considering which assets to an... Severity of risk = strategy: Purchase insurance Example of income derived from investment!