1.
True or False: Your disposable income is what you use to pay your bills.
2.
True or False: If you wanted to go to the movie theatres and watch a movie, that would be considered a fixed expense.
3.
In this project, how much do you get paid per paycheck?
4.
In this project, how much is your allowance from your parents? (Hint: They don't know that you lost your job and only received 1 paycheck, so they are giving you what they expected you to make in a month)
5.
In this project, you got paid only once, what is your total income (allowance + paycheck)?
6.
Your income is $750 and fixed expenses is $650. Your disposable income is $_____. Calculate 10% savings on your disposable income.
7.
You're dating someone new and want to impress him/her by taking him/her out and paying for the date.You only have $50. What can that money realistically buy? Use your common sense.
A.
2 appetizers, 2 Prime Rib dinners, 2 drinks, & 2 desserts at an expensive steakhouse
B.
Dinner at Islands & Movies at AMC
C.
2 tickets to Disneyland and eating a McDonalds
8.
You really like your new friend and have recently become boyfriend & girlfriend. It's your 1st month anniversary. You want to buy a nice present for him/her but you don't have enough disposable income. (For your girlfriend, you want to buy a Coach bag. For your boyfriend, a WII). Let's say it will cost you $350. Since you don't have the money, you open a credit card account in May. For the first 3 months, the interest (APR) is 0%. After that, the regular rate is 25%; and default rate (missed payment) is 40%.Question: What is your balance (the total of what you know) in June?
9.
You really like your new friend and have recently become boyfriend & girlfriend. It's your 1st month anniversary. You want to buy a nice present for him/her but you don't have enough disposable income. (For your girlfriend, you want to buy a Coach bag. For your boyfriend, a WII). Let's say it will cost you $350. Since you don't have the money, you open a credit card account in May. For the first 3 months, the interest (APR) is 0%. After that, the regular rate is 25%; and default rate (missed payment) is 40%.Question: When will your credit card company start charging the regular rate (APR)?
10.
You really like your new friend and have recently become boyfriend & girlfriend. It's your 1st month anniversary. You want to buy a nice present for him/her but you don't have enough disposable income. (For your girlfriend, you want to buy a Coach bag. For your boyfriend, a WII). Let's say it will cost you $350. Since you don't have the money, you open a credit card account in May. For the first 3 months, the interest (APR) is 0%. After that, the regular rate is 25%; and default rate (missed payment) is 40%. Question: Your balance is $300 by September. How much do you owe in total (balance & regular interest rate)?
11.
You really like your new friend and have recently become boyfriend & girlfriend. It's your 1st month anniversary. You want to buy a nice present for him/her but you don't have enough disposable income. (For your girlfriend, you want to buy a Coach bag. For your boyfriend, a WII). Let's say it will cost you $350. Since you don't have the money, you open a credit card account in May. For the first 3 months, the interest (APR) is 0%. After that, the regular rate is 25%; and default rate (missed payment) is 40%.Question: Let's say that you and your girlfriend/boyfriend broke up in October. Your balance is $300 by September. You were so distraught that you missed your payment. Now, you're being charged the default rate. How much do you owe (balance + default rate)?
12.
A1=1; A2=3; A3=5; A4=6....Question: Recall Excel equations. What would the total be for this equation? =A1*A4
13.
A1=1; A2=3; A3=5; A4=6. Question: Recall Excel equations. What would the total be for this equation? =sum(A1:A4)
14.
A1=1; A2=3; A3=5; A4=6, Question: Recall Excel equations. What would the total be for this equation? =sum(A1:A4) + A2