Ch 14  & Ch 15

1. Look online and find the income statement for Facebook. How much did the company make last year. Here is one site, you can look at others online if you like.

https://investor.fb.com/financials/default.aspx  (Links to an external site.)Links to an external site.

2. Look online and list 2 big companies that did accounting fraud. What fraud did they do and what happened to them?

3.Dave Ramsey, popular financial advisor, author and radio host has come up with his 7 baby step plan for financial success, and he has a long list success stories from people doing really well financially that were once bankrupt, struggling and financially illiterate, as he himself was.

 Summarize each step and comment on them:

https://www.everydollar.com/blog/how-to-win-with-money-in-7-easy-baby-steps (Links to an external site.)Links to an external site.

Or here: 

https://cdn.ramseysolutions.net/media/pdf/fpu_babysteps.pdf (Links to an external site.)Links to an external site. 

Ch 16

1. Read the following link

https://www.nerdwallet.com/blog/investing/what-are-stocks-how-they-work/ (Links to an external site.)Links to an external site. 

Answer the following questions:

What are stocks? How do they work? and  Why should you own them?

2. Read the following link

https://www.nerdwallet.com/blog/investing/mutual-funds-work/ (Links to an external site.)Links to an external site. 

What are mutual funds? How do they work? and  Why should you invest in them?

According to this link https://www.wsj.com/market-data/quotes/FB/financials/annual/income-statementLinks to an external site., Facebook’s gross income for the year 2021