Based on the given scenario, we can see that because Cathlene runs a cake shop and wants to achieve her primary goal through the use of smaller goals is known as:
<h3>What is Proximal Goal?</h3>
This refers to the use of smaller goals to try and achieve a short target as they can be achieved in a short time frame.
With this in mind, we can see that the use of smaller goals to produce 400 cakes in December by Cathlene is known as the use of proximal goal because it can be done in a short period of time.
Read more about proximal goal here:
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Answer:
Answer in this case will be 39 months
Explanation:
In given data estimated negative cash flow from operation is (155,000), this is assumed that there will not be any cash flow from investing or financing activities.
data given for accounts receivable and inventory is irrelevant since both are part of operating cash flow which is already estimated.
there for closing balance at the end of year is $ 500000 divided by negative cash flow of (150,000) equals to months company will able to continue without positive cash flow or additional financing.
Answer:
Her Yearly Repayment will be approximately $5771
Explanation:
For an Amortized Loan, to calculate the payment amount per period, we use the formula:
A=[P(1+r)ⁿ]/[(1+r)ⁿ-1]
where A=Payment per period
P= Initial Principal/Loan Amount
r= Interest rate per period
n= number of payments period
From the information provided,
P=$20000
n=4 years
r=6%=0.06
Therefore Yearly Repayment Amount A=[Pr(1+r)ⁿ]/[(1+r)ⁿ-1]
=[20000X0.06(1+0.06)⁴]/[(1+0.06)⁴-1]
=[1200(1.06)⁴]/[(1.06)⁴-1]
=[1200X1.2625]/[1.2625-1]
=1515/0.2625
=$5771.43
Answer:
Credit Cards
Payday Loans
Auto Loans
Explanation:
In the field of economics, credit means to have the ability of having goods or the services before the payment of the goods which can be paid later in the future to the other party.
The following can be bought on credits and can be paid in cash later on. These includes :
Credit cards -- credits card are used to purchased item on credits to which the payment is done on a later date in the future.
Payday loans -- payday loans is a type of loan or money borrowed from someone with an interest that is to be paid in the future.
Auto loans -- auto loans are available to buy a car in credit and repaying the loan in cash to the bank in installments in the future.