Financial Math Sem 1 Pretest

What is an example of a liquid asset?

Ryan worked 40 hours during the first week of his summer job and made $9 an hour. His paycheck was for $332.46. How much did his employer withhold from his paycheck?

What factors influence income?

Maria has a car that she could sell for about $7,000, according to her uncle who is a used car dealer. However, she still owes $2,200 on her car loan. She has $1,100 in her checking account and $300 in cash. What is Maria's net worth?

Conor intended to save $150 a month for the next 18 months to purchase a fishing boat. However, after 10 months he has managed to save only $1,200. What will Conor need to do to accomplish his original goal?

What are stocks?

What is the difference between cash inflow and cash outflow?

Kevin's grandfather left him 100 shares of Apple Inc. and 40 shares of Ford Motor Company. How much is his stock worth, assuming Apple sells for $536 a share and Ford sells for $9.85 a share?

If Josh spends $4,000 a year on tuition and fees, $1,200 a year on books, and foregoes earning $10,000 a year, how much will his 4-year degree cost?

What are three items that may be needed in the job application process?