I have submitted two assignments #4 and #8
ASSIGNMENT 04 C07J Personal Finance Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the "Assignment Format" page located on the Course Home page for specific format requirements. Part A:1.Allison expects her monthly cash inflow after taxes to be $3000. She also has the following monthly expenses: Rent, $750; student loan payment, $200; utilities, $150; food, $300; recreation, $600; car expenses, $200; clothing, $150. What is Allison's net cash flow for the current month? 2.Judy has cash inflows of $3,000 for the month of June. Her expenses or cash outflows were $4,000. List two (2) options for Judy to meet her financial obligations in June and indicate the effect (increase or decrease) of these options on her assets and liabilities. Part B:Describe how credit cards affect the following. 1. Your personal budget 2. Your income statement 3. Your balance sheet Part C:Describe at least two (2) advantages and two (2) disadvantages of selling your home yourself instead of hiring a realtor. Grading Rubric Please refer to the rubric on the following page for the grading criteria for this assignment. CATEGORY Exemplary Satisfactory Unsatisfactory Unacceptable Part A: Net cash flow (10 points) 10 points 0 points N/A N/A Student provides the correct net cash flow. Student provides the incorrect net cash flow. N/A N/A Part A: Options & effect (15 points) 15 points 12 points 8 points 5 points Student provides 2 clear, logical options for Judy to meet her financial obligations, along with the effect of these options on her assets and liabilities. Student provides 1-2 mostly clear, logical options for Judy to meet her financial obligations, along with the effect of these options on her assets and liabilities. Student provides 1-2 weak or unclear options for Judy to meet her financial obligations, along with the effect of 1-2 of these options on her assets and liabilities. Student provides 1 poor options for Judy to meet her financial obligations, along with the effect of 0-1 of these options on her assets and liabilities. Part B: Credit cards (20 points) 20 points 15 points 10 points 5 points Student provides a clear, logical description of how credit cards affect each of the following: your personal budget, your income statement, your balance sheet. Student provides a mostly clear, logical description of how credit cards affect 2-3 of the following: your personal budget, your income statement, your balance sheet. Student provides a weak or unclear description of how credit cards affect 1-2 of the following: your personal budget, your income statement, your balance sheet. Student provides a poor description of how credit cards affect 1 of the following: your personal budget, your income statement, your balance sheet. Part C: Selling your home - advantages (15 points) 15 points 12 points 8 points 5 points Student provides at least 2 clear, logical advantages of selling your home yourself instead of hiring a realtor. Student provides 1-2 mostly clear, logical advantages of selling your home yourself instead of hiring a realtor. Student provides 1-2 weak or unclear advantages of selling your home yourself instead of hiring a realtor. Student provides 1 poor advantage of selling your home yourself instead of hiring a realtor. Part C: Selling your home - disadvantages (15 points) 15 points 12 points 8 points 5 points Student provides at least 2 clear, logical disadvantages of selling your home yourself instead of hiring a realtor. Student provides 1-2 mostly clear, logical disadvantages of selling your home yourself instead of hiring a realtor. Student provides 1-2 weak or unclear disadvantages of selling your home yourself instead of hiring a realtor. Student provides 1 poor disadvantage of selling your home yourself instead of hiring a realtor. Mechanics (15 Points) 15 points 12 points 8 points 5 points Student makes no errors in grammar or spelling that distract the reader from the content. Student makes 1-2 errors in grammar or spelling that distract the reader from the content. Student makes 3-4 errors in grammar or spelling that distract the reader from the content. Student makes more than 4 errors in grammar or spelling that distract the reader from the content. Format (10 Points) 10 points 8 points 5 points 2 points The paper is written in proper format. All sources used for quotes and facts are credible and cited correctly. The paper is written in proper format with only 1-2 errors. All sources used for quotes and facts are credible and most are cited correctly. The paper is written in proper format with only 3-5 errors. Most sources used for quotes and facts are credible and cited correctly. The paper is not written in proper format. Many sources used for quotes and facts are less than credible (suspect) and/or are not cited correctly. ASSIGNMENT 08 C07J Personal Finance Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the "Assignment Format" page located on the Course Home page for specific format requirements. Part A:1.Describe two (2) steps you should take to evaluate and choose health care insurance options. 2.Describe one (1) consideration you should take into account when looking into the option of private health care insurance. Part B:Describe one (1) way that the decision to invest in stocks affects financial planning, liquidity management, financing, and protecting your wealth. Part C:Before investing in mutual funds, describe two (2) other issues that you would want to address in your overall financial plan. Grading Rubric Please refer to the rubric on the following page for the grading criteria for this assignment. CATEGORY Exemplary Satisfactory Unsatisfactory Unacceptable Part A: Health care insurance - steps (20 points) 20 points 15 points 10 points 5 points Student provides a clear, logical description of at least 2 steps you should take to evaluate and choose health care insurance options. Student provides a mostly clear, logical description of 1-2 steps you should take to evaluate and choose health care insurance options. Student provides a weak or unclear description of 1-2 steps you should take to evaluate and choose health care insurance options. Student provides a poor description of 1 step you should take to evaluate and choose health care insurance options. Part A: Health care insurance - considerations (15 points) 15 points 12 points 8 points 5 points Student provides at least 1 clear, logical consideration you should take into account when looking into the option of private health care insurance. Student provides at least 1 mostly clear, logical consideration you should take into account when looking into the option of private health care insurance. Student provides at least 1 weak or unclear consideration you should take into account when looking into the option of private health care insurance. Student provides 1 poor consideration you should take into account when looking into the option of private health care insurance. Part B: Investing in stocks (20 points) 20 points 15 points 10 points 5 points Student provides a clear, logical description of at least 1 way that the decision to invest in stocks affects financial planning, liquidity management, financing, and protecting your wealth. Student provides a mostly clear, logical description of at least 1 way that the decision to invest in stocks affects financial planning, liquidity management, financing, and protecting your wealth. Student provides a weak or unclear description of at least 1 way that the decision to invest in stocks affects financial planning, liquidity management, financing, and protecting your wealth. Student provides a poor description of 1 way that the decision to invest in stocks affects financial planning, liquidity management, financing, and protecting your wealth. Part C: Mutual funds (20 points) 20 points 15 points 10 points 5 points Student provides a clear, logical description of at least 2 other issues that you would want to address in your overall financial plan before investing in mutual funds. Student provides a mostly clear, logical description of 1-2 other issues that you would want to address in your overall financial plan before investing in mutual funds. Student provides a weak or unclear description of 1-2 other issues that you would want to address in your overall financial plan before investing in mutual funds. Student provides a poor description of 1 other issue that you would want to address in your overall financial plan before investing in mutual funds. Mechanics (15 Points) 15 points 12 points 8 points 5 points Student makes no errors in grammar or spelling that distract the reader from the content. Student makes 1-2 errors in grammar or spelling that distract the reader from the content. Student makes 3-4 errors in grammar or spelling that distract the reader from the content. Student makes more than 4 errors in grammar or spelling that distract the reader from the content. Format (10 Points) 10 points 8 points 5 points 2 points The paper is written in proper format. All sources used for quotes and facts are credible and cited correctly. The paper is written in proper format with only 1-2 errors. All sources used for quotes and facts are credible and most are cited correctly. The paper is written in proper format with only 3-5 errors. Most sources used for quotes and facts are credible and cited correctly. The paper is not written in proper format. Many sources used for quotes and facts are less than credible (suspect) and/or are not cited correctly.