Answer:
Student loan.
Explanation:
Student loans are given to assist students pay for university education. Loans can cover turion, living expenses, and books.
Interest rate charged is very low and repayment can be deferred till after the student graduates.
The most common type of student loan are federal loans(offered by the federal government). They have a lower interest rate than student loans offered by private institutions like banks, schools and credit unions.
The answer is 3/4 and yes it really works
Answer:
a. A Strategic budget will be used by the upper management in planning for the next five years.
b. A flexible budget will be used by a store manager who wants to plan for different levels of sales.
c. A Cash budget will be used by an accountant who wants to determine whether the company has sufficient funds to cover expenses.
a. A Master Budget will be used by a CEO who wants to make companywide plans for the next year.
Explanation:
- Strategic budget, is finnancial planing to achieve the long term goals of the company.
- flexible budget is used for different level of sales volume.
- Cash budget usted for forescast the cash balance.
- Master Budget uses a schedule to present financial statements.
Answer:
11.14%
Explanation:
Blume's formula is used to combine both arithmetic and geometric returns. This is because using arithmetic growth rate exclusively would be overly optimistic for longer time horizons and on the other hand, using geometric growth rates exclusively would be overly pessimistic for short time horizons.
Using the attached formula, plug in the given numbers;
R(T) would be the sale growth rate we need to calculate.
R(T) = 
R(T) =0.0257 + 0.0857
R(T) = 0.1114 as a decimal
Therefore, the forecast sales growth would be 11.14%
