PFIN, 7th Edition by Billingsley, Gitman, Joehnk TEST BANK

Test Bank for PFIN7, 7th Edition, 7e by Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk TEST BANK ISBN-13: 9780357033616 Full chapters included Part 1 Foundations of Financial Planning Chapter 1 Understa ...

Test Bank for PFIN7, 7th Edition, 7e by Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk TEST BANK ISBN-13: 9780357033616 Full chapters included Part 1 Foundations of Financial Planning Chapter 1 Understanding the Financial Planning Process 1-1 The Rewards of Sound Financial Planning 1-2 The Personal Financial Planning Process 1-3 From Goals to Plans: A Lifetime of Planning 1-4 The Planning Environment 1-5 What Determines Your Personal Income? Chapter 2 Using Financial Statements and Budgets 2-1 Mapping Out Your Financial Future 2-2 The Balance Sheet: How Much Are You Worth Today? 2-3 The Income and Expense Statement: What We Earn and Where It Goes 2-4 Using Your Personal Financial Statements 2-5 Cash In and Cash Out: Preparing and Using Budgets 2-6 The Time Value of Money: Placing a Dollar Value on Financial Goals 2-7 Inflation and Interest Rates Chapter 3 Preparing Your Taxes 3-1 Understanding Federal Income Tax Principles 3-2 It’s Taxable Income that Matters 3-3 Calculating and Filing Your Taxes 3-4 Other Filing Considerations 3-5 Effective Tax Planning Part 2 Managing Basic Assets Chapter 4 Managing Your Cash and Savings 4-1 The Role of Cash Management in Personal Financial Planning 4-2 Today’s Financial Services Marketplace 4-3 A Full Menu of Cash Management Products 4-4 Maintaining a Checking Account 4-5 Establishing a Savings Program Chapter 5 Making Automobile and Housing Decisions 5-1 Buying an Automobile 5-2 Leasing a Car 5-3 Meeting Housing Needs: Buy or Rent? 5-4 How Much Housing Can You Afford? 5-5 The Home-Buying Process 5-6 Financing the Transaction Part 3 Managing Credit Chapter 6 Using Credit 6-1 The Basic Concepts of Credit 6-2 Credit Cards and Other Types of Open Account Credit 6-3 Obtaining and Managing Open Forms of Credit 6-4 Using Credit Wisely Chapter 7 Using Consumer Loans 7-1 Basic Features of Consumer Loans 7-2 Managing Your Credit 7-3 Single-Payment Loans 7-4 Installment Loans Part 4 Managing Insurance Needs Chapter 8 Insuring Your Life 8-1 Basic Insurance Concepts 8-2 Why Buy Life Insurance? 8-3 How Much Life Insurance is Right for You? 8-4 What Kind of Policy is Right for You? 8-5 Buying Life Insurance 8-6 Key Features of Life Insurance Policies Chapter 9 Insuring Your Health 9-1 The Importance of Health Insurance Coverage 9-2 Health Insurance Plans 9-3 Health Insurance Decisions 9-4 Medical Expense Coverage and Policy Provisions 9-5 Long-Term-Care Insurance 9-6 Disability Income Insurance Chapter 10 Protecting Your Property 10-1 Basic Principles of Property Insurance 10-2 Homeowner’s Insurance 10-3 Automobile Insurance 10-4 Other Property and Liability Insurance 10-5 Buying Insurance and Settling Claims Part 5 Managing Investments Chapter 11 Investment Planning 11-1 The Objectives and Rewards of Investing 11-2 Securities Markets 11-3 Making Transactions in the Securities Markets 11-4 Becoming an Informed Investor 11-5 Online Investing 11-6 Managing Your Investment Holdings Chapter 12 Investing in Stocks and Bonds 12-1 The Risks and Rewards of Investing 12-2 Investing in Common Stock 12-3 Investing in Bonds Chapter 13 Investing in Mutual Funds, ETFs, and Real Estate 13-1 Mutual Funds and Exchange Traded Funds: Some Basics 13-2 Types of Funds and Fund Services 13-3 Making Mutual Fund and ETF Investments 13-4 Investing in Real Estate Part 6 Retirement and Estate Planning Chapter 14 Planning for Retirement 14-1 An Overview of Retirement Planning 14-2 Social Security 14-3 Pension Plans and Retirement Programs 14-4 Annuities Chapter 15 Preserving Your Estate 15-1 Principles of Estate Planning 15-2 Thy Will Be Done… 15-3 Trusts 15-4 Federal Unified Transfer Taxes 15-5 Calculating Estate Taxes 15-6 Estate Planning Techniques