At the Beginning of the Year,you Have an Outstanding Short-Term

question 58

Multiple Choice

At the beginning of the year,you have an outstanding short-term loan of $10 which was used to cover your cash needs for the previous year. During the current year,you expect to pay $2 interest and have an annual net cash inflow of -$10 (negative) ,excluding the interest payment. What is your anticipated loan balance at year end?

• A) $0
• B) $2
• C) $12
• D) $18
• E) $22

---

Definitions:

Antisocialization

A process through which individuals learn behaviors and attitudes that are against societal norms, leading to negative social outcomes.

Injunctive Norms

Norms that specify what most others approve or disapprove of.

Cheating

The act of being dishonest or unfair in order to gain an advantage, especially in a game or examination.

Employees

Individuals who are hired to perform tasks or services for payment under an employment contract.