I was given a job offer from a company that sells mutual funds, life insurance, annuities, college savings 529, fixed. How do you actually make money on this career. It seems you have to sell to all of your friends and family otherwise you won’t get enough clients. Anyone have experience doing this? Thanks.
I was offered $30,000 for the first year base + commissions. This sounds really good for a recent college grade but I don’t want to bug my friends and family every day to sell something.
Posts Tagged ‘Financial’
Has anyone been a financial advisor here?
27
Jul
Who is the best company to go with for financial planning?
07
Jun
My husband and I have our own business. I have been searching for the best company for financial planning and retirement for us. Any suggestions on who is the best?
What are the financial consequences of retirement planning and taxation in PA?
06
Jun
Should I just focus on the money that will be paid into these retirement accounts even though they will eventually become liquid at retirement? Also, how do PA and federal law differ?
All I can really think of with consequences is, like i said, the fact that you have to pay into the accounts/have your employer take money from your paycheck and put them into the accounts.
Thanks in advance for the help
What is the best financial investment that anyone can make anywhere and anytime?
05
Jun
I already have an education now I want to get even more dough.
Is a financial planning position good for a college student majoring in accounting?
02
Jun
I’m planning to become a CPA. Currently, I’m in college (1.5yrs left) and work part-time as an accounts payable. Recently I was asked to come work at a CPA firm as an assistant in financial planning. The pay and hours are really good compared to my current job.
However, I’m not sure if learning the new things in the financial planning position will stress me out. It’s all very new to me. Even though I’m not a brainiac, I am a very hard worker. But is that enough? I just don’t want this job to take away too much time away from school. I’ll be taking very difficult accounting courses.
I was wondering if I should stay at my current job OR take the new job and learn new things. Will this work experience look better on my resume? If i dont take this job, then will there be lots of other opportunities like this after I graduate? Will this get my foot in the door of the CPA world even though I won’t be doing any accounting work?
EVERY bit of suggestions would be greatly appreciated
What kind of financial investment can I make that will yield an income of at least $1,500 per month?
02
Jun
I have 30k in cash to invest and several other sources that I can tap into as well such as my home equity line and retirement plan. Please help. Any suggestions would be greatly appreciated.
What are the best financial investment?
29
May
im looking for a high return but low risk investment. i know the economy is bad but i need to save for living expenses due to losing a loved one. any advise would be helpful.
What does AAR stand for in relation to financial planning or leadership?
29
May
I have a test tomorrow on leadership and financial planning and one of the questions is “What does AAR stand for”, so if you could tell me then that would be awesome
Why are so many financial investment companies in the Virgin Islands?
26
May
I am considering some investment companies that deal in forex. I have noticed that a lot are located in the British Virgin Islands. I have found a couple that I would like to do business with, but I am curious as to if there is a particular reason that they are located here and if there is any reason to be concerned about this. Thanks!!!
2. What should be the focal point of financial management in a firm?
25
May
1. Who determine the market price of a share of common stock?
a. The board of directors of the firm
b. The stock exchange on which the stock is listed
c. The president of the company
d. Individuals buying and selling the stock
2. What should be the focal point of financial management in a firm?
a. The number and types of products or services provided by the firm
b. The minimization of the amount of taxes paid by the firm
c. The creation of value for shareholders
d. The dollars profits earned by the firm
3. Which of the following would generally have unlimited liability?
a. A limited partner in a partnership
b. A shareholder in a corporation
c. The owner of a sole proprietorship
d. A member in a limited liability company (LLC)
4. Which of the following is equal to the average tax rate?
a. Total tax liability divided by taxable income
b. Rate that will be paid on the next dollar of taxable income
c. Median marginal tax rate
d. Percentage increase in taxable income from the previous period
5. Felton Farm Supplies, Inc., has 8 % return on total assets of Rs.300,000 and a net profit margin of 5 %. What are its sales?
a. Rs. 3, 750,000
b. Rs. 480, 000
c. Rs. 300, 000
d. Rs. 1, 500,000
6. Which of the following would not improve the current ratio?
a. Borrowing on short term to finance additional fixed assets
b. Issue long-term debt to buy inventory
c. Sell common stock to reduce current liabilities
d. Sell fixed assets to reduce accounts payable
7. With continuous compounding at 8% for 20 years, what is the approximate future value of a Rs.20,000 initial investment?
a. Rs. 52,000
b. Rs .93,219
c. Rs. 99,061
d. Rs. 915,240
8. In 2 years you are to receive Rs.10,000. If the interest rate were to suddenly decrease, the present value of that future amount to you would __________.
a. Fall
b. Rise
c. Remain unchanged
d. Incomplete information
9. Cash budgets are prepared from past:
a. Balance sheets
b. Income statements
c. Income tax and depreciation data
d. None of the given options
10. Which of the following is part of an examination of the sources and uses of funds?
a. A forecasting technique
b. A funds flow analysis
c. A ratio analysis
d. Calculations for preparing the balance sheet
11. An annuity due is always worth _____ a comparable annuity.
a. Less than
b. More than
c. Equal to
d. Cannot be found
12. As interest rates go up, the present value of a stream of fixed cash flows _____.
a. Goes down
b. Goes up
c. Stays the same
d. Cannot be found
13. ABC Company is expected to generate Rs.125 million per year over the next three years in free cash flow. Assuming a discount rate of 10%, what is the present value of that cash flow stream?
a. Rs. 375 million
b. Rs. 338 million
c. Rs. 311 million
d. Rs. 211 million
14. If we were to increase ABC company’ cost of equity assumption, what would we expect to happen to the present value of all future cash flows?
a. An increase
b. A decrease
c. No change
d. Incomplete information
15. In proper capital budgeting analysis we evaluate incremental __________ cash flows.
a. Accounting
b. Operating
c. Before-tax
d. Financing
16. A capital budgeting technique through which discount rate equates the present value of the future net cash flows from an investment project with the project’s initial cash outflow is known as:
a. Payback period
b. Internal rate of return
c. Net present value
d. Profitability index
17. Discounted cash flow methods provide a more objective basis for evaluating and selecting an investment project. These methods take into account:
a. Magnitude of expected cash flows
b. Timing of expected cash flows
c. Both timing and magnitude of cash flows
d. None of the given options
18. Which of the followings make the calculation of NPV difficult?
a. Estimated cash flows
b. Discount rate
c. Anticipated life of the business
d. All of the given options
19. From which of the following category would be the cash flow received from sales revenue and other income during the life of the project?
a. Financing activity
b. Operating activity
c. Investing activity
d. All of the given options
20. Which of the following technique would be used for a project that has non – normal cash flows?
a. Multiple internal rate of return
b. Modified internal arte of return
c. Net present value
d. Internal rate of return
As a manager of a financial planning business you have two financial planners, Phil and Francis. In an ?
24
May
As a manager of a financial planning business you have two financial planners, Phil and Francis. In an hour, Phil can produce either one financial statement or answer 8 phone calls, while Francis can either produce 4 financial statements or answer 10 phone calls. Does either person have an absolute advantage in producing both products? Should these two planners be self-sufficient (each producing statements and answering phones) or specialize? Be sure to show your work.
Are my childhood comic books a good financial investment?
23
May
I’ve been reading alot about investing in gold, silver, business ventures, and shares of stock. I know that comic books, like baseball cards, can change (usually increase) in monetary value. I have over 2,000 comic books from my childhood and most are in mint or close to mint condition. Are these comic books a worthy investment?
CAn you please answer these question of Financial Management ?
22
May
1. Who determine the market price of a share of common stock?
a. The board of directors of the firm
b. The stock exchange on which the stock is listed
c. The president of the company
d. Individuals buying and selling the stock
2. What should be the focal point of financial management in a firm?
a. The number and types of products or services provided by the firm
b. The minimization of the amount of taxes paid by the firm
c. The creation of value for shareholders
d. The dollars profits earned by the firm
3. Which of the following would generally have unlimited liability?
a. A limited partner in a partnership
b. A shareholder in a corporation
c. The owner of a sole proprietorship
d. A member in a limited liability company (LLC)
4. Which of the following is equal to the average tax rate?
a. Total tax liability divided by taxable income
b. Rate that will be paid on the next dollar of taxable income
c. Median marginal tax rate
d. Percentage increase in taxable income from the previous period
5. Felton Farm Supplies, Inc., has 8 % return on total assets of Rs.300,000 and a net
profit margin of 5 %. What are its sales?
a. Rs. 3, 750,000
b. Rs. 480, 000
c. Rs. 300, 000
d. Rs. 1, 500,000
6. Which of the following would not improve the current ratio?
a. Borrowing on short term to finance additional fixed assets
b. Issue long-term debt to buy inventory
c. Sell common stock to reduce current liabilities
d. Sell fixed assets to reduce accounts payable
7. With continuous compounding at 8% for 20 years, what is the approximate future
value of a Rs.20,000 initial investment?
a. Rs. 52,000
b. Rs .93,219
c. Rs. 99,061
d. Rs. 915,240
8. In 2 years you are to receive Rs.10,000. If the interest rate were to suddenly
decrease, the present value of that future amount to you would __________.
a. Fall
b. Rise
c. Remain unchanged
d. Incomplete information
9. Cash budgets are prepared from past:
a. Balance sheets
b. Income statements
c. Income tax and depreciation data
d. None of the given options
Financial Management Quiz 1
Spring Semester 2009
10. Which of the following is part of an examination of the sources and uses of
funds?
a. A forecasting technique
b. A funds flow analysis
c. A ratio analysis
d. Calculations for preparing the balance sheet
11. An annuity due is always worth _____ a comparable annuity.
a. Less than
b. More than
c. Equal to
d. Cannot be found
12. As interest rates go up, the present value of a stream of fixed cash flows _____.
a. Goes down
b. Goes up
c. Stays the same
d. Cannot be found
13. ABC Company is expected to generate Rs.125 million per year over the next three
years in free cash flow. Assuming a discount rate of 10%, what is the present
value of that cash flow stream?
a. Rs. 375 million
b. Rs. 338 million
c. Rs. 311 million
d. Rs. 211 million
14. If we were to increase ABC company’ cost of equity assumption, what would we
expect to happen to the present value of all future cash flows?
a. An increase
b. A decrease
c. No change
d. Incomplete information
15. In proper capital budgeting analysis we evaluate incremental __________ cash
flows.
a. Accounting
b. Operating
c. Before-tax
d. Financing
16. A capital budgeting technique through which discount rate equates the present
value of the future net cash flows from an investment project with the project’s
initial cash outflow is known as:
a. Payback period
b. Internal rate of return
c. Net present value
d. Profitability index
17. Discounted cash flow methods provide a more objective basis for evaluating and
selecting an investment project. These methods take into account:
a. Magnitude of expected cash flows
b. Timing of expected cash flows
c. Both timing and magnitude of cash flows
d. None of the given options
18. Which of the followings make the calculation of NPV difficult?
a. Estimated cash flows
b. Discount rate
c. Anticipated life of the business
d. All of the given options
19. From which of the following category would be the cash flow received from sales
revenue and other income during the life of the project?
a. Financing activity
b. Operating activity
c. Investing activity
d. All of the given options
20. Which of the following technique would be used for a project that has non –
normal cash flows?
a. Multiple internal rate of return
b. Modified internal arte of return
c. Net present value
d. Internal rate of return
I am currently a finance major, but seeing how we are in a financial crisis…?
22
May
I am definitely considering entering the insurance industry, notably life/health and I also might want to sell annuities. But would it be beneficial to stay in finance with the economy being so bad???