Financial Literacy Assignment #1 Financial Literacy Assignment

1564 words - 7 pages

Assignment 1
(24 points)
Assignment 1: Economic Basics
Instructions
Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson.
Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.
Review Lesson 4 of the Course Overview for instructions about turning in your assignments.
Assignment Questions
1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)
One example of an important thing that financial planning skills can help me do is create a budget. Creating a budget is extremely important to me personally because I see my grandparents trying to figure out how to pay for different things like taxes, bills, etc., and they always told me to make sure that I have a budget. I’ve been taught that you need to be organized with your money and making sure that everything is accounted for each week. Another example of an important thing that financial planning skills can help me do is saving and investing money. This is definitely important for me personally because I have a spending habit, and I need to get into a habit of making sure that I spend wisely and have limits on myself.
2. List two examples of goods you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points)
Two examples of goods that I’ve purchased in the past are cupcakes and books.
3. List two examples of services you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points)
Two examples of services that I’ve purchased in the past are a math tutor and a uber (taxi).
4. One of the functions of money is as a store of value. How does inflation affect money's ability to store value? (3-6 sentences. 2.0 points)
Inflation is when the value of a dollar goes down, so you can’t get as many goods or services for your dollar. Inflation affects money’s ability to store value by showing how weak a specific country is. A weak economy is shown through the characteristics of the increase in inflation and in unemployment.
5. Imagine that you are considering moving to a new country and looking for a job there, but you first want to make sure the country has a strong economy. Describe at least three economic factors that you would want to research as evidence of the economy's strength or weakness, and explain how each factor would affect your decision to move there. (4-6 sentences. 3.0 points)
To decide a country’s strength or weakness, I would first look at the price stability in that specific country to research. If the price of goods and services stay the...

Other Essays On Financial Literacy Assignment #1 - Financial Literacy - Assignment

Accounting - Financial Statements - Sherwood Secondary School - Practice Assignment

1864 words - 8 pages Financial Statement Analysis Audit Income Statement (In thousands) Dell Incorporated Saturday, March, 24th, 2018 Dell Incorporated Current Year(2017) Prior Year(2016) (2015) Revenue 61,494 100% 52,902 100% 61,101 100% Cost of Good Sold 49,128 79.90% 42,789 80.90% 49,375 80.80% Gross Profit 12,366 20.10% 10,113 19.10% 11,726 19.20% R&D 661 1.10% 624 1.20% 663 1.10% Selling General & Administrative 7,302 11.90% 6,465 12.20% 7,102 11.60% Non

Desktop Upgrade Management Project and financial analysis and human resource and potential risks - Project Management - Assignment

760 words - 4 pages . Finally, Project plans and process formulated through this project will also be used on future projects as a lessons learnt exercise using this experience to reduce the risk of not meeting Project Scope, Time, Cost and Quality aspects, making future IT Projects more efficient and effective. . 4.0 Analysis of Option and Recommendation Do nothing (Option 1): Increasing the amount of negative complaints, low morale, losing customers. Do something

The Financial Accounting and Standards Board, FASB is an organization that sets down the accounting - MBA - assignment

575 words - 3 pages      Maria Hernandez The Financial Accounting and Standards Board, FASB is an organization that sets down the accounting rules and guidelines that makeup Generally Accepted Accounting Principle, GAAP. The FASB developed the Statements of Financial Accounting Concepts, SFAC, to guide the Board in setting up standards in order to better understand accounting issues. SFAC No.1 explains the primary objectives in financial reporting. The primary

Team Assignment 1 International Business Communication - MGMT 4510 - Group Assignment

2064 words - 9 pages Team Assignment 1: Cross-Cultural Communication and Manners Group 4: Jennifer Gammon Sarah Mullins Molly Paul Jennifer Saylor Mary Weiss Ashley Welch David Wherry Step 1: Statement of the Problem: Recognition of Decision Requirement In the case of Saving Grace in Haiti, hurricanes hit Haiti and destroyed the Pinnacle community. Saving Grace Ministries has developed a plan to renovate the community. A temporary “tent city” has been created in the

professional ethics case 2 study assignment 1 - University of Waterloo, PHIL333 - assignment

1100 words - 5 pages 3 NORMATIVE ETHICAL THEORIES PHIL 333, Assignment 1 Case 2.2 One main issue question pertaining to professional ethics stands out in this case: Was the doctor justified in trying an experimental treatment on Ms. Kay’s dog Sandy even though she had decided against it and asked that the dog be euthanized? In analyzing this case and the ethical issue presented, I would use two normative ethical theories – Rule utilitarianism and Kantian

network and security homework 1 - george mason university - assignment

657 words - 3 pages MIS 320 – 004 HW Assignment #1 1. As related to networking, what are protocols? In short, network protocols are the rules for communications between them. The long definition is Network protocols are formal standards and policies comprised of rules, procedures and formats that define communication between two or more devices over a network. 2. What are the two parts of a MAC address? The two parts of the mac address are, Organizational

Business Assignment 1 2018 essay - Year 12 - Assignmnet

5683 words - 23 pages Exploring Business Name: Paul Serbuca (12R) course title: Business Btec Level 3 unit title: Exploring Business assessor: Mr. Dagunduro exam number: Report P1 In this assignment I will be considering the purposes of different organisations as well as the various types and ownerships of businesses. I will also look at who the key shareholders are and what influence they have on these organisations. The two organisations I have chosen to compare

Lifespan study on middle to late childhood - Undergrad 1 - Assignment

2085 words - 9 pages HUMAN GROWTH AND LIFE-SPAN DEVELOPMENT (BIRTH TO ADOLESCENCE) Question 1 Human lifespan development varies from different stages and this study is to illustrate the development of two children at different ages. The first child was Xuan, 6 years old followed by Ting, who is 10 years old. The methods used to gather these data were through naturalistic observation and interviews which enable the observed parties to freely express their feelings

C204 Managing Human Capital Task 1 - Western Governor's University - Assignment

2913 words - 12 pages BKM1 - BKM1 TASK 1 2 BKM1 - BKM1 TASK 1 4 BKM1 TASK 1 Parker Swinford 00891098 Western Governors University Management Communication C204 Running head: BKM1 - BKM1 TASK 1 1 A. Compose a motivational email to internal staff that discusses two advantages and two disadvantages of the product and explain how to mitigate the disadvantages should they occur. To: All Sales Personnel From: Parker Swinford – National Sales Manager Subject: Exciting New

This Assignment is a case study for a professional financial management class - Missouri State/ FIN 581 - Assignment Case

768 words - 4 pages FIN 581 Williams Case April 3, 2019 Strengths: - Williams’ came to you for advice on how to achieve their financial goals - Michael has a stable job, and a long future earning period - Michelle is self-employed and generating business - Michael’s parents are doing well and help them financially - They Williams’ have adequate homeowners and automobile insurance coverages - Joan would like to assist in the educational and maintenance needs of

Assignment 1 question and answer for part 1 - SEMO - Question and answer

2294 words - 10 pages Southeast Missouri State University, MK555 Assignment 1 60 POINTS (UG)/ 47.5 POINTS (G) 1. How does technology change traditional marketing? Describe the important Internet properties that affect marketing. b) What are the key elements of Web 2.0? c) What are the key elements of Web 3.0? As a consumer who is in control, what would you like to see for the future Web 3.0? Over the period technology has changed the way marketing is done as reaching

Similar Papers

Digital Literacy Assignment Essay Syracuse University Assignment

882 words - 4 pages WRT 105 Digital Literacy Assignment West’s Online Identity Needs Help Once a major rap-icon of the early 2000s, Kanye West opened the doors to stardom after the 2004 release of his album ​College Dropout, ​which sold 441,000 copies in its first week of sales. Since then, West has been in numerous news reports due controversies following his social media activity. While, West is infamous for his long philosophical posts, recently his platform has

Literacy Narrative About How I Gained My Literacy Writing Assignment

513 words - 3 pages Tiffany Chao Literacy Narrative Assignment Ashley Hamilton 6 September 2018 My literacy sponsors were are is the world around me. I believe everything I have ever came across has shaped me in some way or form. I observed the world around me and understood how people got desired or undesired results. I witnessed how to gain something in my favor depending on who I wanted to obtain something from. It’s sociology, the study of society that taught

Financial Management Chapter 20 Fdu Financial Management Assignment

770 words - 4 pages Financial Management Chapter 20 Review Questions 1. The 5 types of income that must be reported on an individual’s tax return are: · Wages · Salaries · Tips · Interest and Dividend Income · Business income or loss from a sole proprietorship 2. Tax deductions are amounts deducted from adjusted gross income to determine taxable income; taxpayers should itemize their deductions if their total deductions exceed the standard deduction. Tax credits on

Final Bibiliography About Support For Students With Mental Illness Ashford/Information Literacy Assignment

839 words - 4 pages Running head: COMPLETING THE ANNOTATED BIBLIOGRAPHY 1 COMPLETING THE ANNOTATED BIBLIOGRAPHY 4 Completing the Annotated Bibliography Aushunay LaCour GEN103: Information Literacy Maria Sonntag August 8, 2018 The rise of gun violence in schools and the increase of suicide amongst teens people has caused people to question what resources are being provided to students in schools. It has been shown that in order to best support students schools