which research aims at finding a solution for an immediate problem facing a society or an industry/business organisation
Answer:
Applied research
Explanation:
Applied research can be regarded as methodology that is used in solving a specific as well as practical issue that has effect on an individual or group.
This particular scientific method of study and research could be used in business, education, as well as medicine in order to create solutions which may improve health as well as solving scientific problems to development of new technology.
Applied research which is a research methodology used in creation of practical solutions for specific problems. It should be noted that Applied research aims at finding a solution for an immediate problem facing a society or an industry/business organisation
On February 28, 2009, $5,000,000 of 6%, 10-year bonds payable, dated December 31, 2008, are issued. Interest on the bonds is payable semiannually each June 30 and December 31. If the total amount received (including accrued interest) by the issuing corporation is $5,060,000, which of the following is correct?
a) The bonds were issued at a premium.
b) The amount of cash paid to bondholders on the next interest date, June 30, 2009, is $300,000.
c) The amount of cash paid to bondholders on the next interest date, June 30, 2009, is $50,000.
d) The bonds were issued at a discount.
Answer:
a) The bonds were issued at a premium.
Explanation:
Given that
There are the bonds of $5,000,000
And, if the total amount received that involved the accrued interest also so the amount of the bond is $5,060,000
This means the bond is issued at premium as the value is increased i.e. fro m $5,000,000 the value is now $5,060,000
So, the option a is correct
And, the rest of the options would be incorrect
On December 31, 2020, Ayayai Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Ayayai Co. agreed to accept a $296,600 zero-interest-bearing note due December 31, 2022, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 12%. Ayayai is much more creditworthy and has various lines of credit at 6%.
1.) Prepare the journal entry to record the transaction of December 31, 2020, for the Ed Abbey Co.
2.) Assuming Ed Abbey Co.’s fiscal year-end is December 31, prepare the journal entry for December 31, 2021.
3.) Assuming Ed Abbey Co.’s fiscal year-end is December 31, prepare the journal entry for December 31, 2022.
Answer:
Ed Abbey Co. (Ayayai Co.)
Journal Entries:
1. December 31, 2020:
Debit Accounts receivable $296,600
Credit Consulting revenue $296,600
To record consulting services performed on account.
December 31, 2020:
Debit Notes receivable $296,600
Credit Accounts receivable $296,600
To record the acceptance of notes.
December 31, 2021:
Debit Interest receivable $35,592
Credit Interest revenue $35,592
To accrue interest on notes receivable.
December 31, 2022:
Debit Interest receivable $35,592
Credit Interest revenue $35,592
To accrue interest on notes receivable.
Debit Cash $367,784
Credit Notes receivable $296,600
Credit Interest receivable $35,592
To record the full settlement of principal and interests.
Explanation:
a) Data and Analysis:
December 31, 2020: Accounts receivable $296,600 Consulting revenue $296,600
December 31, 2020: Notes receivable $296,600 Accounts receivable $296,600
December 31, 2021:
Interest receivable $35,592 Interest revenue $35,592
December 31, 2022:
Interest receivable $35,592 Interest revenue $35,592
Cash $332,192 Notes receivable $296,600 Interest receivable $35,592
The following information is available for Blue Spruce Corp. for 2021:
Net Income $117,000
Realized gain on sale of available-for-sale debt securities 11,000
Unrealized holding gain arising during the period on available-for-sale debt securities 34,000
Reclassification adjustment for gains included in net income 7,500
Determine other comprehensive income for 2021.
Other comprehensive income $
Compute comprehensive income for 2021.
Comprehensive income
Answer:
Other Comprehensive income = $37,500Comprehensive income = $154,500Explanation:
Other comprehensive income:
= Realized gain on sale of available-for-sale debt securities + Unrealized holding gain arising during the period on available-for-sale debt securities - Reclassification adjustment for gains included in net income
= 11,000 + 34,000 - 7,500
= $37,500
Comprehensive income = Net income + Other comprehensive income
= 117,000 + 37,500
= $154,500
Raposa, Inc., produces a special line of plastic toy racing cars. Raposa, Inc., produces the cars in batches. To manufacture a batch of the cars, Raposa, Inc., must set up the machines and molds. Setup costs are batch-level costs because they are associated with batches rather than individual units of products. A separate Setup Department is responsible for setting up machines and molds for different styles of car.
Setup overhead costs consist of some costs that are variable and some costs that are fixed with respect to the number of setup-hours. The following information pertains to June 2015:
Actual amount Static-budget Amounts
Amounts Units produced and sold 15,700 11,950
Batch size (number of units per batch) 325 265
Setup-hours per batch 3 4.25
Variable overhead cost per setup-hour $48 $45
Total fixed setup overhead costs $11,310 $9,010
Calculate the efficiency variance for variable overhead setup costs. (Round all intermediary calculations two decimal places and your final answer to the nearest whole number.)
a. $435 unfavorable
b. $4,810 favorable
c. $4,810 unfavorable
d. $435 favorable
Answer:
b. $4,810 favorable
Explanation:
Efficiency variance for variable overhead setup cost:
A. ((Actual units/Budget batch size)*Budget setup hours) * Budgeted overhead cost) = (((15700/265)*4.25)*$45 = $11,330.66
B . ((Actual units/Actual batch size)*Budget setup hours) * Budgeted overhead cost) = (((15700/325)*3)*$45 = $6,521.53
Efficiency variance for variable overhead setup cost = A - B
Efficiency variance for variable overhead setup cost = $11,330.66 - $6,521.53
Efficiency variance for variable overhead setup cost = $4.809.13 Favorable
Using Present Value Concepts for Decision Making
You have just won the state lottery and have two choices for collecting your winnings. You can collect $105,000 today or receive $20,700 at the end of each year for the next seven years. A financial analyst has told you that you can earn 9% on your investments.
Required:
1. Calculate the present value of both the options (FV of $1, PV of $1, FVA of $1, and PVA of $1).
2. Which alternative should you select?
Answer:
1. Option 1: Present value of cash winnings collected today = $105,000 * 1 = $105,000
Option 2: Present value of annual cash collections = $20,700 * 5.033 = $104,183
2. Option 1 should be selected.
Explanation:
a) Data and Calculations:
Cash winnings collected today = $105,000
Annual cash collection = $20,700
Discount factor = 9%
Period of annual cash flows = 7 years
Present Value Annuity Factor at 9% for 7 years = 5.033
Present value of cash winnings collected today = $105,000 * 1 = $105,000
Present value of annual cash collections = $20,700 * 5.033 = $104,183
NPV = ($817)
b) Option 1 is worth more in present value terms than option 2. The present value consideration is all about taking into account the time value of money. Using a present value annuity factor of 5.033, the annual cash inflows are determined to their present value to be $104,183. This is less than the $105,000 cash collected today in bulk.
The Consumer Division lost $28,000 and the Industrial Division had operating income of $58,000. Management has analyzed the situation and wants you to do a differential analysis to determine the increase or decrease in overall operating income based on the following:
Expected decrease in revenues $280,000
Expected decrease in total variable costs $200,000
Expected decrease in fixed costs $102,000
a. $2,000 increase in operating income
b. $80,000 decrease in operating income
c. $22,000 increase in operating income
d. $80,000 decrease in operating income
Answer: c. $22,000 increase in operating income
Explanation:
Expected decrease in revenues -$280,000
Expected decrease in total variable costs (-$200,000)
Expected decrease in fixed costs (-$102,000)
Expected increase(decrease) in operating income $22,000
Costs are to be deducted from revenues so if the costs are decreasing, the mathematical treatment would be to add the decrease to the revenues which is how the above was calculated.
Vincent Allen, CFA, was a stock analyst with a large investment bank. He recently left to start his own research firm. Based on his memory, he reconstructed a few research reports on companies that he covered during his former employment. He was able to find all the supporting documents for his report online, except the meeting notes he had with the management of the covered companies, and then he published the reports. Which of the following is most likely true?
a. Allen is in violation of the Standard relating to record retention.
b. Allen is in violation of the Standard relating to duties to employers.
c. Allen is not in violation of any Standard.
Answer: A. Allen is in violation of the Standard relating to record retention.
Explanation:
The option that's most likely true is that Allen is in violation of the Standard relating to record retention.
It should be noted that records retention has to do with the safeguarding of important records in the organization.
Since he reconstructed a few research reports on companies that he covered during his former employment after starting his own research, he violated the standard relating to record retention
Based on the following petty cash information, prepare
a. the journal entry to establish a petty cash fund
b. the journal entry to replenish the petty cash fund.
On January 1, 2021, a check was written in the amount of $200 to establish a petty cash fund. During January, the following vouchers were written for cash removed from the petty cash drawer:
Voucher No. Account Debited Amount
1 Phone Expense $17.50
2 Automobile Expense 33.00
3 Joseph Levine, Drawing 54.00
4 Postage Expense 12.50
5 Charitable Contributions Expense 15.00
6 Miscellaneous Expense 49.00
Answer:
a. Date Description Debit Credit
Jan 1 Petty cash $200
Cash $200
(Establishment of petty cash fund)
b. Date Description Debit Credit
Jan 31 Phone Expense $17.50
Automobile Expense $33
Joseph Levine, Drawing $54
Postage Expense $12.50
C. Contributions Expense $15
Miscellaneous Expense $49
Petty cash $181
(Replenishment of petty cash fund)
Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours Wait time 28.0 Process time 1.0 Inspection time 0.4 Move time 3.2 Queue time 5.1 The delivery cycle time was: (Round your intermediate calculations to 1 decimal place.) Multiple Choice 36.3 hours 8.3 hours 37.7 hours 3.2 hours
Answer:
37.7 hours
Explanation:
Calculation to determine what The delivery cycle time was:
Using this formula
Delivery cycle time=Wait time +Throughput time
Where,
Wait time=28.0
Throughput time=Process time 1.0+ Inspection time 0.4+ Move time 3.2 +Queue time 5.1=9.7
Let plug in the formula
Delivery cycle time=28.0+9.7
Delivery cycle time=37.7
Therefore Delivery cycle time was 37.7
On January 1, 2021, American Corporation purchased 25% of the outstanding voting shares of Short Supplies common stock for $210,000 cash. On that date, Short's book value and fair value were both $840,000. The equity method is deemed appropriate for this investment. Short's net income reported on December 31, 2021, was $80,000. During 2021, Short also paid cash dividends in the amount of $24,000.
Required: Compute the amount that would be reported for the investment on American Corporation's financial statements at December 31, 2021. Investment amount $ 236,000
Answer:
"$224,000" is the correct solution.
Explanation:
The given values are:
Corporation purchased percentage,
= 25%
Original investment,
= $210,000
Short's net income,
= $80,000
Paid cash dividend,
= $24,000
Now,
The share of net income will be:
= [tex]25 \ percent\times 80,000[/tex]
= [tex]0.25\times 80000[/tex]
= [tex]20,000[/tex] ($)
The cash dividend will be:
= [tex]25 \ percent\times 24,000[/tex]
= [tex]0.25\times 24,000[/tex]
= [tex]6,000[/tex] ($)
hence,
On December 31, 2021, the balance will be:
= [tex]Original \ investment+Net \ income \ share+Cash \ dividend[/tex]
= [tex]210,000+20,000+6,000[/tex]
= [tex]230,000-6,000[/tex]
= [tex]224,000[/tex] ($)
According to Orlando:_____.
(a) workers have obligations to, but are owed consideration by, their employers.
(b) workers are subject to the legitimate expectations of their employers but employers are not subject to any legitimate expectations of workers.
(c) all of the above.
(d) none of the above.
Answer:
According to Orlando:_____.
(a) workers have obligations to, but are owed consideration by, their employers.
Explanation:
Workers are employed by their employers to carry out their obligations as per instruction. They owe the duty of reasonable care to their employers. They are supposed to be honest in their dealings with their employers. Workers are also required to take safety and health measures to protect themselves and others from harm at the workplace. For all these obligations, the employers of labor must pay adequate consideration to their workers and ensure their safety at work.
Tanner-UNF Corporation acquired as an investment $260 million of 6% bonds, dated July 1, on July 1, 2021. Company management is holding the bonds in its trading portfolio. The market interest rate (yield) was 8% for bonds of similar risk and maturity. Tanner-UNF paid $220 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2021, was $230 million.
Required:
a. Prepare the journal entry to record Tanner-UNF’s investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective (market) rate.
b. Prepare any additional journal entry necessary for Tanner-UNF to report its investment in the December 31, 2021, balance sheet.
v. Suppose Moody’s bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2022, for $200 million. Prepare the journal entries required on the date of sale.
Answer:
Please find the solution in the attached file.
Explanation:
Steve and Stephanie Pratt purchased a home in Spokane, Washington, for $575,000. They moved into the home on February 1 of year 1. They lived in the home as their primary residence until June 30 of year 5, when they sold the home for $927,500. (Leave no answer blank. Enter zero if applicable.)
a. What amount of gain on the sale of the home are the Pratts required to include in taxable income?
Recognized gain
b. Assume the original facts, except that Steve and Stephanie lived in the home until January 1 of year 3 when they purchased a new home and rented out the original home. They finally sell the original home on June 30 of year 5 for $927,500. Ignoring any issues relating to depreciation taken on the home while it was being rented, what amount of realized gain on the sale of the home are the Pratts required to include in taxable income?
Recognized gain
c. Assume the same facts as in part (b), except that the Pratts lived in the home until January of year 4 when they purchased a new home and rented out the first home. What amount of realized gain on the sale of the home will the Pratts include in taxable income if they sell the first home on June 30 of year 5 for $927,500?
Recognized gain
d. Assume the original facts, except that Stephanie moved in with Steve on March 1 of year 3 and the couple was married on March 1 of year 4. Under state law, the couple jointly owned Steve’s home beginning on the date they were married. On December 1 of year 3, Stephanie sold her home that she lived in before she moved in with Steve. She excluded the entire $102,500 gain on the sale on her individual year 3 tax return. What amount of gain must the couple recognize on the sale in June of year 5?
Recognized gain
Answer:
Steve and Stephanie Pratt
a. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:
= $352,500
b. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:
= $352,500
c. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:
= $352,500
d. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:
= $352,500
Explanation:
a) Data and Calculations:
Initial purchase cost of a home in Spokane = $575,000
Selling price of the home on June 30 of Year 5 = $927,500
Recognized gains = Selling price of the home Minus Initial Purchase Cost
= $352,500 ($927,500 - $575,000)
Merritt Equipment Company sells computers for $2,130 each and also gives each customer a 2-year warranty that requires the company to perform periodic services and to replace defective parts. During 2017, the company sold 1,100 computers. Based on past experience, the company has estimated the total 2-year warranty costs as $60 for parts and $75 for labor per computer. Assume sales all occur December 31, 2017). In 2015, Merritt incurred actual warranty costs relative to 2017 computer sales of $11.600 for parts and $17.400 for labor.
1, Under the expense warranty proach, give the entries to reflect the above transactions (accrual method) for 2017 and 2018.
2. The transactions of part (a) create what balance under current liabilities in the 2017 balance sheet?
Which statement is FALSE?
Management stages are:
A
Collections of activities and products whose delivery is managed as a unit
B
The element of work which the Project Manager is managing on behalf of the Project
Board at any one time
Partitions of the project with decision points
D
The amount of work defined in a work package
Answer:BB
Explanation:b
The Industrial Revolution focused on what?
Heidebrecht Design acquired 25% of the outstanding common stock of Cullumber Company on January 1, 2020, by paying $802,000 for the 40,100 shares. Cullumber declared and paid $0.20 per share cash dividends on March 15, June 15, September 15, and December 15, 2020. Cullumber reported net income of $344,500 for the year. At December 31, 2020, the market price of Cullumber common stock was $26 per share.
Prepare the journal entries for Heidebrecht Design for 2020, assuming Heidebrecht Design can exercise significant influence over Cullumber. Use the equity method. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
Answer:
January 1, 2020
Dr Stock Investments $802,000
Cr Cash $802,000
March 15
Dr Cash $8,020
Cr Stock Investments $8,020
June 15
Dr Cash $8,020
Cr Stock Investments $8,020
September 15
March 15
Dr Cash $8,020
Cr Stock Investments $8,020
December 15
March 15
Dr Cash $8,020
Cr Stock Investments $8,020
December 31
Dr Stock Investments $86,125
Cr Revenue for Stock Investments $86,125
Explanation:
Preparation of the journal entries for Heidebrecht Design for 2020, assuming Heidebrecht Design can exercise significant influence over Cullumber
January 1, 2020
Dr Stock Investments $802,000
Cr Cash $802,000
March 15
Dr Cash $8,020
Cr Stock Investments $8,020
(40,100 shares*$0.20)
June 15
Dr Cash $8,020
Cr Stock Investments $8,020
(40,100 shares*$0.20)
September 15
March 15
Dr Cash $8,020
Cr Stock Investments $8,020
(40,100 shares*$0.20)
December 15
March 15
Dr Cash $8,020
Cr Stock Investments $8,020
(40,100 shares*$0.20)
December 31
Dr Stock Investments $86,125
Cr Revenue for Stock Investments $86,125
($344,500*25%)
If anyone knows about businesses can you help me please
Answer:
I believe it is team standard
Explanation:
One way a group of people can become an effective team is to create team standards. These are essentially the rules that govern how the team works and behaves. To be effective, the team standards need to be set and agreed to by the team members and not dictated to them by a boss or manager.
The price of gasoline is $1 per gallon and the price of a hamburger is $4. If you currently receive marginal utility of 5 from gasoline and marginal utility of 8 from a hamburger, you should buy less gasoline and more hamburgers.
a. True
b. False
Answer:
false
Explanation:
Marginal utility is the additional utility derived from consuming one more unit of a good
the consumption decision is to consume more units of a good that gives the higher utility per good.
Marginal utility per good = marginal utility / price of the good
gasoline = 5 / 1 = 5
hamburger = 8/4 = 2
gasoline gives a higher utility per good. Thus, more of gasoline should be purchased
Your boss is considering a 5-year investment project. If the project is accepted, it would require an immediate spending of $678 to buy all necessary production equipment. This equipment would be sold at the end of the project and bring your company estimated $144 in sale proceeds after taxes (or after-tax salvage value). Your boss's consulting team estimated that the annual after-tax profits (or operating cash flows) would equal $173. The team also recommends immediately setting aside $58 in cash to cover any unforeseen expenses. The required annual rate of return is 8.1%.
Calculate the Net Present Value of this proposed investment project. (Do NOT use "S" in your answer. Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your answer to TWO decimal places. For example, 1,000,23 or -1,000.23) Focus E- 17 786 words English (United States)
Answer:
$50.47
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = - ($678 + $58 ) = -736
Cash flow in year 1 - 4 = $173
Cash flow in year 5 = $173 + $144
I = 8.1
NPV = 50.47
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Suppose a profit-maximizing monopoly is able to employ group price discrimination. The marginal cost of providing the good is constant and the same in both markets. The marginal revenue the firm earns on the last unit sold in the market with the lower price will be:_________
Answer:
The description as per the given question is described in the below section.
Explanation:
The investor receives upon that final unit offered on the organization at the maximum bidder, equivalent to the average income.⇒ [tex]MR=MC[/tex]
Whenever such monopoly generates a lesser volume, [tex]MR > MC[/tex] could generate greater margins at these production additions to lowering production.One of the positive effects that government regulation has or business is that many of the laws are intended to
business.
Select an answer from the options below.
A
restrict
B
protect
С
defend
D
conserve
Purchasing power parity does not hold in the short to medium run because:____.
Answer:
some goods aren't internationally traded
Explanation:
Purchasing power parity is most popularly known as the PPP. It may be defined as the measure of the prices of the various countries which makes use of the price of some specific goods in order to compare the absolute purchasing capability or power for the countries' currencies.
It is used to measure and compare prices at different locations.
The purchasing power does not hold good in the short to the medium run as different countries produces different goods and as such all the goods are not internally traded all over the locations or countries.
Dillon rented his personal residence at Lake Tahoe for 14 days while he was vacationing in Ireland. He resided in the home for the remainder of the year. Rental income from the property was $4,800. Expenses associated with use of the home for the entire year were as follows:_______.
Real property taxes $ 3,050
Mortgage interest 12,125
Repairs 1,325
Insurance 1,510
Utilities 5,040
Depreciation 12,400
a. What effect does the rental have on Dillon’s AGI
Effect of rental activity on Dillon's AGI
b. What effect does the rental have on Dillon’s itemized deductions?
Itemizable real property taxes
Itemizable mortgage interest
a. Effect of rental activity on Dillon's AGI is $0.
b. Itemizable real property taxes -$3,050
Itemizable mortgage interest- $12,125
What is real property?Real property is defined as a parcel of land and everything permanently attached to it. The owner of real property has complete ownership rights, including the ability to possess, sell, lease, and enjoy the land.
Dillon rented his personal residence for a period not more than 15 days. He stayed for more than 15 days. If a taxpayer rented a house for less than 15 days and lived in it for more than 15 days, he is not required to include gross receipts in rental income in his AGI.
Dillon can deduct $3,050 in real estate taxes and $12,125 in mortgage interest as itemized deductions.
Therefore, Dillon does not require to include the rental income from the property in his AGI.
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What is the first step in setting up a budget? (1 point)
Oa
Calculate your fixed expenses
Calculate your variable expenses
Ос
Determine your gross income for the year
Od
Determine your net income for the year
Answer:
Likely D
Explanation:
Determine your net income for the year
A company manufactures various-sized plastic bottles for its medicinal product. The manufacturing cost for small bottles is $55 per unit (100 bottles), including fixed costs of $12 per unit. A proposal is offered to purchase small bottles from an outside source for $36 per unit, plus $3 per unit for freight.
Required:
Prepare a differential analysis dated January 25 to determine whether the company should make (Alternative 1) or buy (Alternative 2) the bottles, assuming fixed costs are unaffected by the decision.
Answer:
Differential Analysis on January 25:
Make Buy Difference
Alternative 1 Alternative 2
Avoidable costs $43 $39 $4
per unit of (100 bottles)
Explanation:
a) Data and Calculations:
Variable manufacturing cost per unit = $43 ($55 - $12)
Fixed manufacturing cost per unit = 12
Total manufacturing cost per unit = $55
Outside supplier's offered price per unit = $36
Freight per unit for outside supply = 3
Total outside supply cost per unit = $39
b) There is an additional avoidable cost of $4 per unit to make the bottles. From a financial point of view, it will be cost-effective to buy the bottles from the outside supplier. If the company finds an alternative use of the production facilities, the cost difference will increase.
3. Combine terms: 12a + 26b -4b - 16a. (a) 4a + 22b, (b) -28a + 30b, (c)-4a + 22b, (d) 28a + 30b. Solution: 12a + 265 AL
Answer:
c. -4a+22b
Explanation:
12a+26b-4b-16a=-4a+22b
Hope the picture help
(ASAP!!!!)
Go over the bank statement and answer the questions in detail. Use information
from the statement to support your answers.
1. This bank statement is most likely for what kind of account? Provide at least two
pieces of evidence from the statement that explain why.
Answer:
1.credit card; credit line and payment due date are shown
2.about $2243; credit available less the pending transaction
3.use more than one account; ask for a credit line increase
4.a finance charge is added; credit rating will be negatively impacted
Explanation:
1.
Deposit accounts do not have a "Payment Due Date", so this indicates a loan account of some sort. The listing of transactions with different descriptions suggests the account is used to pay a variety of creditors. The lines "credit line" and "credit available" further suggest this is a credit-card or line-of-credit type of account.
2.
The "total credit available' is a good starting indication of the additional amount the account owner can spend. There are some caveats. One is that there is a pending transaction, which will reduce the available limit when it is paid. Another is that using the maximum available credit will negatively impact the owner's credit score.
That score is maximized if the percentage of available credit used is below some amount (about 10%). A 30% utilization rate is a suggested maximum for maintaining a good credit score.
3.
Several options may be open:
the medical biller may allow payment over time
this account owner may have enough for the payment in all accounts together. (They payment may be split among different available accounts.)
this account owner can ask the credit line be raised
4.
Failure to make a payment will cause ...
a finance charge to be added to the account
(possibly) a late-payment charge to be added to the account
a "failure to pay as agreed" notice to credit reporting agencies
available credit to be reduced (possibly to zero)
The details of the consequences of a missed payment are in the account terms and conditions provided by the bank.
How might the inflationary flashpoint affect policy decisions? How would you represent the flashpoint on the Phillips curve?
Answer:
Effect of inflationary flashpoint : Economic policies become tightened At the point where Unemployment is lowest in the Philips curve represents The flashpoint in Philips curveExplanation:
Inflationary flashpoints are the points where the aggregate supply curve experiences a very rapid/sharp increase
The Inflationary Flashpoint can affect policy decisions in ways that it will lead to an increase in unemployment caused by the increase in Inflation, and this will cause the economic policies to become tightened in order to curb the effects of Inflationary flashpoints
The Inflationary flashpoint is represented in the Philips Curve ( relationship between the inflation and unemployment rate ) at the point where Unemployment is lowest in the curve