This is the primary way to distinguish between a proprietorship and a partnership.
What are the number of owners?
100
What is the 2018 #1 finance mojo song?
What is "God's Plan" by Drake?
100
This is the amount of interest you will have after earning 8% simple interest on $10,000.
What is $800?
200
Currencies are traded in this market.
What is the foreign exchange market?
200
Purchasing power INCREASES when the nominal rate is higher than this.
What is the "inflation" rate?
200
The type of business organization that has ownership claims which are potentially most LIQUID.
What is a corporation?
200
This mojo song addressed gender pay inequality.
What is "She Works Hard for the Money" by Donna Summer?
200
This is the PV of $7,000 to be received in one year assuming a 3% annual discount rate.
What is $6,796.12
300
This is the year that is associated with the most recent global financial crisis.
What is 2008?
300
This is the act of lending money at excessively high rates of interest.
What is usury?
300
Under this accounting concept, revenues and expense are recognized when sales occur.
What is accrual?
300
This mojo song addressed the impact of tax policy on a popular band in the 1960s.
What is "Tax Man" by the Beatles?
300
The amount of semi-annual interest that a $1,000 par value corporate bond will pay with a 6% coupon.
What is $30?
400
This type of asset is backed by real assets and the earning ability of issuers.
What are financial assets?
400
This type of security represents ownership in a company.
What is a "stock" or "equity"?
400
This is the equation for ROE.
What is net income over equity?
400
Professor Carpenter's first mojo song this semester.
What was "Care" by Kidd Rock.
400
Using the Rule of 72, if you invest $500 in a mutual fund today that pays 12% interest, this is how long it will take to double in value.
What is 6 years?
500
This group is responsible for passing laws and setting fiscal and monetary policy.
Who are the policy-makers?
500
This is the major source of new financing for US corporations each year.
What are bonds?
500
This measure is the value of a sum of money in the present that contrasts to some future value that it will have when it is invested at a compound rate.
What is PV?
500
The reason we spend time with finance mojo songs.
What is to learn that finance and money issues are pervasive in culture?
500
Clayton is planning to invest $5,000 in a CD that will pay 7.5% interest SEMI-ANNUALLY. How much will Clayton have in 4 years?