When evaluating financial ratios, many people mistakenly thi…

When evaluating financial ratios, many people mistakenly think that having a current ratio greater than one must be a good thing.  Discuss why it might be a bad thing to have a current ratio that high, and how would you determine whether you want a higher or lower current ratio.

You retire at age 60 and expect to live another 27 years. On…

You retire at age 60 and expect to live another 27 years. On the day you retire, you have $464,900 in your retirement savings account. You are conservative and expect to earn 4.5% on your money during your retirement. How much can you withdraw from your retirement savings each month if you plan to die on the day you spend your last penny? 

On a recent family trip, your child complained constantly th…

On a recent family trip, your child complained constantly that you weren’t driving fast enough.  You tried to explain that it was easier for them to say, because they weren’t the ones who would have to pay for the ticket.  What term below is the name for this situation?

You are purchasing a new car for $35,000 and have been given…

You are purchasing a new car for $35,000 and have been given a promotional offer by the dealership which allows you to purchase the vehicle using 0% APR financing on a 60 month loan.   You had intended to use your credit union, which had agreed to finance the car at 9.6% APR, but you certainly now prefer to accept the dealership’s offer.  How much did you save by taking the 0% APR deal?