## brandon125 is anybody good in personal finance? 10 months ago 10 months ago

1. goformit100

I am alwasys good in it

2. brandon125

ok here goes the question Dividends are paid out of profits, and: A. dividend payments must be approved by the firm's board of directors. B. dividends are guaranteed. C. dividends are paid before a firm's taxes are paid. D. dividends are usually paid twice a year.

3. brandon125

@goformit100

4. goformit100

D. dividends are usually paid twice a year.

5. brandon125

thnx man Which of the following statements is true about financial planning? A. Any kind of financial expert (such as a stockbroker, lawyer, or accountant) can help you develop a comprehensive financial plan. B. Once you have painstakingly developed a financial plan, it is not wise to change it. C. Once you have made a decision to buy an investment, there is no need for continued evaluation. D. You must always consider the tax consequences of selling your investments.

6. brandon125

@goformit100

7. goformit100

8. goformit100

Please post this question in eastion

9. goformit100

ok

10. Luis_Rivera

if i were good in personal finance, i wouldnt be here !

11. brandon125

eastion?? which is...?

12. brandon125

are you actually good?? @Luis_Rivera

13. amistre64

i dont think "D" is the most correct answer

14. Luis_Rivera

No, that's the point, I'm actually very bad !

15. brandon125

can you help @amistre64

16. amistre64

i could .... but the answer to your first question is not "D"

17. brandon125

then what is it?

18. brandon125

@amistre64

19. amistre64

you have 3 other options to choose from, and i perfer not to just hand out an answer. pick one and we will see if its a "best choice"

20. brandon125

a?

21. amistre64

.. good guess :) before a dividend is declared, the board of directors have to determine of they can offer one to begin with.

22. brandon125

so thats the right one?

23. amistre64

its the "best" one .... yes

24. brandon125

ok. can you help me on the second question?

25. amistre64

the second one you posted has 2 ridiculous options, and 2 options that sound legit, can you narrow it down to the 2 legit options for me?

26. brandon125

a and b are the bad ones?

27. amistre64

no, b is absurd ... but a reads like it could be legit

28. brandon125

so b and c no, right? and the right answer is D?

29. amistre64

i would lean towards D as the "best" answer. A sounds good, but is not really accurate. A financial planner needs to be adept all those fields.

30. brandon125

ok. i have on more.

31. brandon125

Which of the following is a true statement? A. The dividends-earnings ratio is a key factor that serious investors use to evaluate stock investments. B. The price-earnings ratio for a corporation must be studied for one period only. C. The price-earnings ratio is based on the company's dividends. D. The price-earnings ratio for one firm may be compared to the price-earnings ratio for all firms.

32. brandon125

@amistre64

33. amistre64

you are aware that these questions are designed to see how well you have studied the material right?

34. brandon125

yea but these 3 are the only ones i missed on a test. and im retaking it. and i dont find answer in textbook.

35. amistre64

do you recall ho w to determine a PE ratio?

36. brandon125

nope

37. amistre64

im sure thats in your textbook ....

38. amistre64

since 3 answers deal with PE ratio, id say A is out; which one did you pick to begin with, we can rule that one out then

39. brandon125

im going with C being the answer

40. amistre64

$P/E=\frac{market~price}{earnings~per~share}$ $P/E=\frac{market~price(\#shares)}{net~income}$ i dont think dividends play a big role in that

41. brandon125

so its D

42. amistre64

i like D the best.

43. brandon125

thnx bro!