Questions from Personal Finance

Q: Is it possible to have a cash deficit on an income and

Is it possible to have a cash deficit on an income and expense statement? If so, how?

Q: Terry and Evelyn Becker are a married couple in their mid-

Terry and Evelyn Becker are a married couple in their mid-20s. Terry has a good start as an electrical engineer and Evelyn works as a sales representative. Since their marriage four years ago, Terry a...

Q: In the late 1980s, Carsten Richter, from Germany, migrated

In the late 1980s, Carsten Richter, from Germany, migrated to the United States, where he is now a citizen. A man of many talents and deep foresight, he has built a large fleet of oceangoing oil tanke...

Q: What is a standard of living? What factors affect the quality

What is a standard of living? What factors affect the quality of life?

Q: Ben Saunders and Ashley Tinsdale are planning to get married in six

Ben Saunders and Ashley Tinsdale are planning to get married in six months. Both are 30 years old have been out of college for several years. Ben uses three credit cards and has a bank account balance...

Q: Summarize current and projected trends in the economy with regard to GDP

Summarize current and projected trends in the economy with regard to GDP growth, unemployment, and inflation. How should you use this information to make personal financial and career planning decisio...

Q: Alice Reynolds and Tricia Bostwick, both freshman and friends at a

Alice Reynolds and Tricia Bostwick, both freshman and friends at a major university, are interested in going into a health sciences career. While they're not just interested in the money they can make...

Q: Assume that you graduated from college with a major in marketing and

Assume that you graduated from college with a major in marketing and took a job with a large consumer products company. After three years, you are laid off when the company downsizes. Describe the ste...

Q: Use future or present value techniques to solve the following problems.

Use future or present value techniques to solve the following problems. a. Starting with $15,000, how much will you have in 10 years if you can earn 6 percent on your money? If you can earn only 4 per...

Q: Over the past several years, Catherine Lee has been able to

Over the past several years, Catherine Lee has been able to save regularly. As a result, she has $54,188 in savings and investments today. She wants to establish her own business in five years and fee...