Famous investors
Who was warren buffets mentor?
After all expenses, what is the money that a company keeps called?
Net earnings
What is EPS?
Net Earnings/Number of shares outstanding
What is fiscal policy?
The use of government revenue to influence the U.S economy
The poor work for money, the middle class works for money, but the rich _______?
Have money work for them
Who created the index fund?
John C. Bogle
State the accounting formula
A=L+E
What is the P/E ratio
Price/Earnings
What is macroeconomics?
The part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.
Who was the manager of the fidelity magellan fund through the 1980’s?
Peter Lynch
Are taxes taken out before or after business expenses?
After
What is the difference between short term and long term debt?
Short term debt is due withing a year, long term debt is due anytime longer than a year
What is the corporate tax rate in the U.S?
21%
“Live like no other so you can live like no other” Who is that quote from?
Dave Ramsey
What is the return on asset ratio?
Net earnings/Total assets
In simple terms, Define cash flow
How much cash goes in V.S how much cash goes out
When demand increases, what else tends to follow?
Prices
What are the 6 words to financial literacy?
Name the two famous investors warren buffet (for the most part) created his investment strategy off of?
Ben Graham and Phil Fisher
If a company choses one day to buy back their own shares with the intention to issue them out at a later date to boost earnings temporarily, what is that called?
Treasury shares