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80 Answered Questions for the topic Financial Literacy

Financial Literacy Accounting United Kingdom

05/02/19

What is the difference between an Independent Financial Advisor (IFA) and an Accountant?

I'm looking for some advice on various small personal financial matters relating to pension, salary, taxation etc. I've been given a personal recommendation for an accountant, but looking at their... more
Financial Literacy Financial Accounting

04/23/19

Accounting equation: does income really decrease equity?

I am new to using [double-entry bookkeeping](https://en.wikipedia.org/wiki/Double-entry_bookkeeping_system) for personal finances. [GnuCash](https://en.wikipedia.org/wiki/GnuCash) uses a variant... more
Financial Literacy Accounting Financial Accounting

04/22/19

Is the blockchain similar to double-entry book-keeping?

As far as I know, blockchains keeps transaction records from the beginning of time. This lets the blockchain retain a history of traceable transactions so it can maintain validity. Double-entry... more
Financial Literacy Accounting Terminology

03/14/19

Is there a difference between managerial accounting and financial accounting?

In many universities and schools, there is both a Managerial Accounting and a Financial Accounting course. From what I can gather, Financial Accounting covers accounting from an perspective of an... more

08/03/18

Can I get help on this question please?

Sarah serves at a restaurant and makes 20% of what she sells as tips. Her base salary is $10.20 an hour. Each hour she sells and average of $60 of food and drinks. She also makes time and a half... more
Financial Literacy Finance

04/17/18

Which of the fowling affects one's car insurance preminum

The numbers of miles driven  The year the car was purchased  The vehicle's safety recorded  The color of the car
Financial Literacy

03/05/18

Sum of two 4 digit numbers. If one person made an error of addition by one in the tens column and the other persons result was correct, what was the difference?

There is two different people but one of them made a mistake in the same question what is the difference in their answers?
Financial Literacy

01/26/18

A lack of financial literally can cause you to lose your

a) social security card  b) civil rights  c) citizenships  d) house 
Financial Literacy

12/14/17

What procedures should you follow to seek redress for a consumer problem?

I need help it is Financial Literacy
Financial Literacy

09/14/17

What is the current balance of agathas checking account

At the beginning of this month, the balance of Agatha's checking account was $782.39. So far this month, she has received a paycheck via direct deposit of $932.48, been charged a monthly service... more
Financial Literacy

07/20/17

Mutual funds invest only in stocks.

true or false? Mutual funds invest only in stocks.
Financial Literacy

05/18/17

Your car insurance premium is $2360 if paid annually. If you pay semiannually, you pay $1280. What is the annual cost if you decide to pay semiannually?

Your car insurance premium is $2360 if paid annually. If you pay semiannually, you pay $1280. What is the annual cost if you decide to pay semiannually?
Financial Literacy

04/25/17

Help on financial literacy! A dealer purchased a car for $29,700 and marked it up 12%. What is the sticker price of the car?

A dealer purchased a car for $29,700 and marked it up 12%. What is the sticker price of the car?   A. $33,264 B. $2,925 C. $32,425 D. $34,599
Financial Literacy

02/08/17

Maria Fay bought four Dunlop tires at a local Goodyear store. The salesperson told her that her mileage would increase by 7%.

What should her mileage be with the new tires? Before this purchase, Maria was getting 23 mpg. (round to nearest hundredth) 
Financial Literacy

12/07/16

a cost of living adjustment gives the consumer more purchasing power

is this true
Financial Literacy

05/29/16

I'm terrible at Math, someone please help me!

Wayne is 37 years old and has his retirement savings in a 401(k). If he makes $110,000 annually, what is the maximum percentage of his income that he can contribute to his 401(k) plan per year?... more
Financial Literacy

05/24/16

In serious need of help!

Wayne is 37 years old and has his retirement savings in a 401(k). If he makes $110,000 annually, what is the maximum percentage of his income that he can contribute to his 401(k) plan per year?... more
Financial Literacy

05/22/16

Math question.. don't get it, help!

Emily's employer matches 25% of her 401(k) contributions up to $2000. Emily's salary is $40,000, and last year she contributed $5000 to her 401(k) plan. What was her employer's contribution to the... more
Financial Literacy

05/20/16

Help meeeeee!

A new car has a sticker price of $20,950, while the invoice price paid was $18,750. What is the dealer markup?A. $3000 B. $20,950 C. $2200 D. $2150
Financial Literacy

05/19/16

Need help,don't get this:(

Gabe has an employer-sponsored 401(k) plan that he contributes to, and his employer matches 25% of his 401(k) contributions. Gabe's salary is $30,000, and last year he contributed $4000 to his... more
Financial Literacy

05/19/16

Help needed for this problem!

Leslie is considering renting a car for the weekend. The weekend daily rate is $24.99. If she plans on picking up the car on Friday morning and returning it Sunday evening, how much will the rental... more
Financial Literacy

05/19/16

How would i work this problem out? help!

Leslie is purchasing a new car whose MSRP is $25,750. She is trading in her old car for $6000 and being upgraded to a premium package for $3000. Vehicle delivery is an additional $700. What is... more
Financial Literacy

05/18/16

I don't get it, help me!

Leslie is considering renting a car for the weekend. The weekend daily rate is $24.99. If she plans on picking up the car on Friday morning and returning it Sunday evening, how much will the rental... more
Financial Literacy

05/18/16

Need help on this:(?

A used-car dealer has a vehicle on the lot with a sticker price of $6999. If the dealer markup on used vehicles is 12%, how much did the dealer pay for the car?A. $6499.15B. $6249.11C. $6425.00 D.... more
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