English, 25.11.2021 14:10 woodb2192

ASAP 5.1.7 Practice - Managing a Bank Account

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.

2. How much more can the owner of this account spend ? How do you know ?

3. The owner of this account needs to make a $5,000 medical payment and doesn't have enough in his or her other accounts . Describe at least one option available to the owner.

4. What will be at least two consequences of letting the date , August 5, pass without making any payments ?

ASAP

5.1.7 Practice - Managing a Bank Account1. This bank statement is most likely for what kind

Answers: 3

Show answers

Answers

Answer from: jamilamiller200

credit card; credit line and payment due date are shownabout $2243; credit available less the pending transactionuse more than one account; ask for a credit line increasea finance charge is added; credit rating will be negatively impacted

Explanation:

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.

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.

Several options may be open:

the medical biller may allow payment over timethis 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

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 accounta "failure to pay as agreed" notice to credit reporting agenciesavailable 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.

Answer from: Quest

answer: your option is c.

explanation:

Answer from: Quest

well u can message somebody when u answer 1000 questions

Another question on English

English, 21.06.2019 18:00

Read the excerpt from act 3, scene 1, of julius caesar. servant. thus, brutus, did my master bid me kneel. thus did mark antony bid me fall down, and, being prostrate, thus he bade me say. "brutus is noble, wise, valiant, and honest. caesar was mighty, bold, royal, and loving. say i love brutus, and i honour him. say i feared caesar, honoured him, and loved him. if brutus will vouchsafe that antony may safely come to him and be resolved how caesar hath deserved to lie in death, mark antony shall not love caesar dead so well as brutus living, but will follow the fortunes and affairs of noble brutus thorough the hazards of this untrod state with all true faith.” so says my master antony

Answers: 3

Answer

English, 21.06.2019 18:30

Identify the type of narration used in the excerpt.which words in the excerpt indicate the type of narration?

Answers: 2

Answer

English, 21.06.2019 23:10

How can behavioral science be applied in improving public health? a.by tracking a disease to determine its sourceb.by creating promotions that improve health habitscboth by tracking a disease to determine its source and by creating promotions that improve health habitsd.neither by tracking a disease to determine its source or by creating promotions that improve health habits

Answers: 1

Answer

English, 22.06.2019 01:30

Which statement state a claim? check all that apply. (1) the driver education programs are often to sophomore’s at local high schools. (2) students should have a vision test before they can operate motor vehicles. (3) driving classes should i head instruction about the dangers of texting and driving. (4) mr. graber is the behind-the-wheel instructor at our high school. (5) behind-the-wheel courses ought to include driving time on local highways.

Answers: 1

Answer

You know the right answer?

ASAP 5.1.7 Practice - Managing a Bank Account

1. This bank statement is most likely for...

Questions