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Quiz 2 - Data & Financial Literacy - Honorsnors Flashcards | StudBud
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Quiz 2 - Data & Financial Literacy - Honorsnors
What is a budget?
Identify the meter reading.
Quiz 2 - Data & Financial Literacy - Honorsnors
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1
Identify the meter reading.
08 491 kWh
09 591 kWh
98 491 kWh
98 591 kWh
2
What is a budget?
A plan for expected income and expenses for a period of time
A small colourful bird
Payment for goods and services
Taking money from an account
3
What is net worth?
Liabilities minus Assets
Assets minus Liabilities
Assets multiplied by Liabilities
Assets plus Liabilities
4
The information below is entered in a spreadsheet.Write a spreadsheet formula that will calculate the net worth.
B2+B3+B4+B5+B6+B7+B8-D2-D3-D4
=B2+B3+B4+B5+B6+B7+B8-D2-D3-D4
SUM(B2:B8)-SUM(D2:D8)
=SUM(B2:B8)-SUM(D2:D8)
5
Chart to show how much each item in a budget forms of the total budget is a
line chart.
pie chart.
column chart
bar chart.
6
Abram's monthly liabilities equal $2,400 and his monthly assets are $6,800. What is his debt-to-income ratio?
35%
65%
64%
36%
7
Which of the following shows when a budget is balanced?
Income > Expenses
Expenses > Income
Income=Expenses
8
The Kings Park Water Works uses water meters that measure water usage in ccf. They charge $0.18 per ccf of water.
2,135 ccf
$664.20
$2,135
$384.30
