What does is mean to be 'cash poor'?

Don't have enough cash or liquid assets to pay debts

Ability to convert cash quickly

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CIB - Money Management

26 termsStudBud Administration26 plays

Review for Balance sheets and income and expense statements.

Flashcards26 cardsFPractice quizPHost liveL

Questions 26

Answers

1
A measure of how much a person or household owns once all debts have been paid is called...
market value
net gain
wealth
assets
2
How do you calculate net worth?
Assets - Liabilities =NW
Assets x liabilities = NW
Assets / Liabilities = NW
Assets + Liabilites = NW
3
A measure of how much a person or household owns once all debts have been paid is called...
market value
assets
net gain
wealth
4
Difference between income and expenses is called?
Math
Net Worth
Net Loss
Variable Expense
5
Which is an example of earned income
Tax Returns
Interest Earned
Sale of Assets
Child Support
6
The amount you could realistically sell an asset for today is called...
market value
short term asset
tangible asset
monetary value
7
Liquidity is
Ability to increase disposable income.
How fast stuff melts.
Ability to increase savings into gold.
Ability to convert cash quickly
8
Which are a contractual expense?
Rent
Phone Bill
Groceries
Clothing
9
What is another name for gross pay?
Fun money
Amount after taxes
Amount before taxes
Take home pay
10
Liability
Phone bill
Large medical bill paid over time
Cash
House
11
How can net worth be increased?
Make more/spend less
Make more/spend more
Make less/spend less
Make less/spend more
12
Which is an example of earned income
Tips
Commissions
Bonuses
All the above
13
What does the R in SMART goal stand for?
Realistic
Retracting
Revolving
Russian
14
My favorite class is
CIB
CIB
NOT CIB
CIB
15
Where is savings located on an I & E Statement?
Expenses
Net Loss
Income
Net Gain
16
Money left over for fun stuff is called
Net gain
Disposable Income
Discretionary Income
Net loss
17
What does is mean to be 'cash poor'?
Don't pay off your expenses with cash
Didn't save enough money
Don't have enough investment capital
Don't have enough cash or liquid assets to pay debts
18
Which is a current liability?
Rent
Auto Loan
Mortgage Loan
Student Loan
19
Which is an example of investment income?
Money from savings
Tax Returns
Bonuses
Money from investments
20
Which is a long-term liability?
Car Payment
Property Taxes
Phone Bill
Student Loan
21
Which is an example of earnings from government payments?
Social Security
Gov't issued student loan
All the above
Workman's Compensation
22
Where should a student loan be listed on a balance sheet?
Expenses
Income
Liabilities
Assets
23
Which is an example of unearned income
Wages
Bonuses
Child Support
Tax Returns
24
Liabilities are...
an expense but not a debt
may be a debt and an expense
are neither a debt or expense
a debt but not an expense
25
Liquidity is
Ability to increase savings into gold.
Ability to increase disposable income.
Ability to convert cash quickly
How fast stuff melts.
26
Asset
Phone bill
Child Support
House
Groceries

CIB - Money Management Flashcards | StudBud

CIB - Money Management

26 termsStudBud Administration26 plays

Review for Balance sheets and income and expense statements.

Flashcards26 cardsFPractice quizPHost liveL

Questions 26

Answers

1
A measure of how much a person or household owns once all debts have been paid is called...
market value
net gain
wealth
assets
2
How do you calculate net worth?
Assets - Liabilities =NW
Assets x liabilities = NW
Assets / Liabilities = NW
Assets + Liabilites = NW
3
A measure of how much a person or household owns once all debts have been paid is called...
market value
assets
net gain
wealth
4
Difference between income and expenses is called?
Math
Net Worth
Net Loss
Variable Expense
5
Which is an example of earned income
Tax Returns
Interest Earned
Sale of Assets
Child Support
6
The amount you could realistically sell an asset for today is called...
market value
short term asset
tangible asset
monetary value
7
Liquidity is
Ability to increase disposable income.
How fast stuff melts.
Ability to increase savings into gold.
Ability to convert cash quickly
8
Which are a contractual expense?
Rent
Phone Bill
Groceries
Clothing
9
What is another name for gross pay?
Fun money
Amount after taxes
Amount before taxes
Take home pay
10
Liability
Phone bill
Large medical bill paid over time
Cash
House
11
How can net worth be increased?
Make more/spend less
Make more/spend more
Make less/spend less
Make less/spend more
12
Which is an example of earned income
Tips
Commissions
Bonuses
All the above
13
What does the R in SMART goal stand for?
Realistic
Retracting
Revolving
Russian
14
My favorite class is
CIB
CIB
NOT CIB
CIB
15
Where is savings located on an I & E Statement?
Expenses
Net Loss
Income
Net Gain
16
Money left over for fun stuff is called
Net gain
Disposable Income
Discretionary Income
Net loss
17
What does is mean to be 'cash poor'?
Don't pay off your expenses with cash
Didn't save enough money
Don't have enough investment capital
Don't have enough cash or liquid assets to pay debts
18
Which is a current liability?
Rent
Auto Loan
Mortgage Loan
Student Loan
19
Which is an example of investment income?
Money from savings
Tax Returns
Bonuses
Money from investments
20
Which is a long-term liability?
Car Payment
Property Taxes
Phone Bill
Student Loan
21
Which is an example of earnings from government payments?
Social Security
Gov't issued student loan
All the above
Workman's Compensation
22
Where should a student loan be listed on a balance sheet?
Expenses
Income
Liabilities
Assets
23
Which is an example of unearned income
Wages
Bonuses
Child Support
Tax Returns
24
Liabilities are...
an expense but not a debt
may be a debt and an expense
are neither a debt or expense
a debt but not an expense
25
Liquidity is
Ability to increase savings into gold.
Ability to increase disposable income.
Ability to convert cash quickly
How fast stuff melts.
26
Asset
Phone bill
Child Support
House
Groceries