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Analyze/evaluate the following FSR’s to answer questions 1-3 : Net Cash Flow                                           Negative ($500/month)Mortgage Debt Service Ratio                   40% of Gross IncomeTotal Debt Service Payment Ratio           55% of Gross IncomeSavings Ratio                                             1% of Gross IncomeCash Emergency Fund                              1 month of living expenses & debt payments 1. Are there any ratios that need addressing/correcting? 2.  How is this borrower managing their finances? 3.. Which 2 financial standing ratios are the most important to correct and why?

Using the following borrower information, what is the borrowers cash emergency fund liquidity ratio? Cash $30,000 Monthly Living Expenses $ 4,000 Monthly Debt Payments  $ 1,000  

Lenders are required by law to disclose the reason(s) for declining a loan

Which of the following is a psychological budgeting tip to help live within a zero-based budget

The most important piece of financial information to protect is your driver’s license

Which of the following is not a characteristic of a monetary free spirit 

Fixed annuities are the least likely tool for mitigating inflation risk during the distribution phase of retirement but are implemented to avoid superannuation. 

Match the word or word segment with its corresponding structure

You need to collect blood from a very sick cat. This cat weighs 15 pounds. Calculate the maximum volume of blood you can safely collect from this cat right now.  Be sure to include correct units when reporting your final answer. You do not have to show your work to receive full credit for your response; however, I can only give partial credit if you do show your work. 🙂

Candy is planning to retire next month on her 63rd birthday. Which of the following options (or combination of options) for covering the gap between group medical insurance coverage as an employee and coverage under Medicare may be a suitable choice for adequate coverage without an overly large amount of risk?   Fully self-insure. COBRA. Purchase a policy in the Marketplace. Short-term limited-duration insurance.