Combine the information in the problem and the chart using the average balance method to solve the problem. The account balance
on April 1st is $50.51. On April 15th a payment of $15.00 is made. What is the average daily balance for the account? What is the finance charge if the annual rate is 18%? What is the new account balance? Average daily balance = $ The Finance charge = $ New account balance = $
PPF will rotate rightward by technological breakthrough in making cloth only
Explanation:
PPF is the graphical representation of two goods, that an economy can produce with given resources & technology.
If there is a technological breakthrough in only one good (cloth here) in economy (US here). The new PPF shift outward (rightwards or upwards) only on the axis representing that particular good (on x or y axis respectively). As cloth is on x axis, the PPF will rotate rightward by technological breakthrough in making cloth only.
Yes, on new rightward rotated PPF also, cloth & tea can be traded off, but at an altered slope & marginal opportunity cost (sacrifise ratio).
The customer gave a check to Stear to settle their account for goods purchased from Stear. If the check is classified as Non-Sufficient Funds (NSF) check, it means that the bank of the customer did not send money to Stear's bank when Stear deposited the check because the customer did not have enough money in their account.
To correct this, reduce the cashbook balance by the amount on the check because the bank did not record the check because they never received the funds, but the business did in their cashbook.
The core job dimension which describes this work team is TASK IDENTITY. Task identity refers to the overall extent to which an identifiable job is done from the starting point to the finish point by a single worker. Task identity is an important component of job satisfaction and employers use this technique to increase the satisfaction that the employees derived from their works.