The person can cancel the payment plan by giving the bank to stop payment order.
<h3>What is Payment Plan?</h3>
A term payment plan entails getting equal monthly payments over a predetermined amount of time.The time periods is predefined as the after the expiry of the period payments are not been made.
By instructing the bank to halt payments, the person can cancel the payment schedule.
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Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
Year Ended December 31 Inventory at Current-Year Cost Price Index
2019 $20,000 100
2020 $22,464 108
2021 $26,334 114
Inventory at base year prices:
2020 = $20,800
2021 = $23,100
Change from prior yer:
2020 = $800
2021 = $2,300
Dollar value:
2020 = $20,000 + ($800 x 1.08) = $20,864
2021 = $20,864 + (2,300 x 1.14) = $23,486
Answer:
The model defines how people should ideally make decisions.
Explanation:
A positive statement can be defined as any statement that is typically based on empirical evidence and as such can be tested, proven and verified. Also, a positive statement can be amended or rejected based on evidences that are available.
On the other hand, a normative statement can be defined as any statement that can't be tested, proven or verified because it is judgmental and based on opinions.
The classical model of decision making is a strategic process which assumes that managers (decision makers) are well furnished with large amounts of information and as such are able to practically process the information for decision making.
When the classical model of decision making is said to be normative, this means the model defines how people should ideally make decisions.
If a personal income taxes and business taxes increase, then this will decrease aggregate demand and aggregate supply. The Option D is correct.
<h2>What happens if personal income taxes increase?</h2>
In economics, an increase in an individual's income taxes reduces the disposable personal income and thus reduces consumption (but by lesser than the change in disposable personal income).
The effect of these increase is that its shifts the aggregate demand curve leftward by an amount equal to the initial change in consumption that the change in income taxes produces times the multiplier.
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