Answer:
The fee that will be charged to Luke's account is the non-sufficient funds fee.
Explanation:
When an account holder decides to meet a certain financial demand, but the demand exceeds his/her account balance, then the bank will charge a non-sufficient funds fee on that transaction. This in most cases is due to the fact that the funds in that account might be not fully settled, thus the demand exceeds the expected available account balance.
Since the process of clearing a check or even making a purchase using the account is a service, the bank automatically charges for that service regardless of it being successful or not since the payment processing networks have to process the payments to determine the account holders information. This is a service that has to be paid for.
The account holder can however change the settings to his/her bank's overdraft policies. An overdraft policy can allow the customer to give the bank authority to cover the purchase but it always comes with hefty insufficient funds per transaction. The non-sufficient fee is typically about $35 per transaction. This means that the more one makes an overdraft authorization, the more the insufficient funds fee he/she accrues.
In our case, Luke decided to clear a check for $150 when his account balance was only $100. This means that he was $50 short. An insufficient funds fee will therefor be charged to his account.
Answer:
b. $60,000
Explanation:
Implicit cost is the cost which is not shown as a cost in the statement of income.
As it includes basically the opportunity cost.
This will include:
Salary foregone = $45,000
Entrepreneurial skills income = $5,000
Interest on bonds foregone = $100,000 
10% = $10,000
Thus, total implicit cost = $45,000 + $5,000 + $10,000 = $60,000
Answer:
they all are considered sustainable products:
- Solar-powered lighting centers
- Running shoes made entirely of hemp
- Bio-based water bottles made from methane
- Electric cars
Explanation:
Sustainable products provide long term environmental, social and economic benefits to the company, the environment and society as a whole.
- Solar powered lighting centers help to reduce electricity consumption.
- Hemp is a type of plant.
- Bio-based water bottles reduce the use of plastic.
- Electric cars reduce the use of gasoline.
Further Explanation:
When an organization wants to reach its goals, it has to come up with strategies. No matter how big or small the organization is, it requires writing reports and business messages in order to understand its readers and analyze the audience receiving the message. With direct strategy approach, the main idea or purpose of the message comes at the top of the document while the indirect strategy approach conveys the conclusions and recommendations at the end of the message or report. It is the audience’s reaction conveyed through the messages that we are going to anticipate for. Direct strategy is used more when readers are supportive and eager to have results displayed to them first while indirect strategy is used more when readers need to be educated and persuaded.
