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AnnyKZ [126]
2 years ago
8

Cathlene runs a cake shop. Her primary goal is to set up the largest chain of cake shops in the city. Another goal of Cathlene's

is to sell 400 cakes in December. In this scenario, Cathlene's goal of selling 400 cakes in December is an example of a _____.
Business
1 answer:
faust18 [17]2 years ago
8 0

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:

  • Proximal Goal

<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:
brainly.com/question/8040346

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Cindy Medavoy will invest $7,990 a year for 19 years in a fund that will earn 10% annual interest. Click here to view factor tab
Rudik [331]

Answer:

The correct answer for future value if first payment occur today is $449,645.24 and if first payment occur at the end of year is $408,761.13.

Explanation:

According to the scenario, the given data are as follows:

Payment (pmt) = $7,990

Rate of interest (r) = 10%

Time (n) = 19 years

So, we can calculate the future value by using following formula:

Future Value ( if payment occurs today) :

FV = Pmt  (((1+r)^n   - 1) ÷ r) x (1+r)

By putting the value:

= $7,990 ((( 1+ 0.10)^19   -1) ÷ .10) × ( 1 + 0.10)

= $7,990 ( 51.16) × ( 1.10)

= $449,645.24

Future Value ( if payment occurs at the end of year):

FV = Pmt x ((1+r)^n   -1)) ÷ r)

= $7,990 ((1 + 0.10)^19  -1) ÷ 0.10)

= $7,990 × 51.16

= $408,761.13

4 0
3 years ago
Last year, Forest Products issued both 5-year and 10-year bonds at par. The bonds each have a coupon rate of 5.5 percent, paid s
Anna007 [38]

Answer:

Price at issuance is $1,000 for both bonds.

Price of the 5 year bond after the market rate increased to 7.4% is:

PV of face value = $1,000 / (1 + 3.7%)⁸ = $747.77

PV of coupon payments = $27.50 x 6.81694 (PV annuity factor, 3.7%, 8 periods) = $187.47

Market price = $935.24

this bond's price decreased by 64.76/1,000 = 0.06476 = 6.48%

Price of the 10 year bond after the market rate increased to 7.4% is:

PV of face value = $1,000 / (1 + 3.7%)¹⁸ = $519.97

PV of coupon payments = $27.50 x 12.97365 (PV annuity factor, 3.7%, 18 periods) = $356.78

Market price = $876.75

this bond's price decreased by 123.25/1,000 = 0.12325 = 12.33%

5 0
3 years ago
Given the following information, analyze XYZ Company's liquidity. Year 2013 Total quick assets $30,000 Total current assets $40,
kogti [31]

Answer:

  • A. They are more liquid than others in their industry.
  • C. They have sufficient quick assets to pay off short-term debt if needed.

Explanation:

The Acid-test and current ratios are used to measure the liquidity of a company with higher figures meaning more liquidity. XYZ Company has a both a higher acid-test and current ratio so they are more liquid than others in their industry.

The Acid-test and current ratio also enable one to find out if a company is able to pay off its current obligations/ liabilities using current assets. With the acid-test ratio being above one, XYZ is able to pay off short-term debt using quick assets.

6 0
3 years ago
Cook Co. determined that the net value of its accounts receivable at December 31, 20X4, based on an aging of the receivables, wa
Ksenya-84 [330]

Answer:

$9,000

Explanation:

  Bad Debts Written off                                 $22,000

 Uncollectible accounts-recovered             $(8,000)

 Allowance for doubtful accounts reversed

 (opening-closing $40,000-$35,000*)        ($5,000)

Bad Debt Expense for the year                    $9,000

*270,000-235,000  =35,000                        

7 0
3 years ago
What, if anything, should you do to correct the following sentence?
kodGreya [7K]
Nothing. The sentence is fine as it is.
5 0
3 years ago
Read 2 more answers
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