When will a minimum wage be an effective price control? when it is a . maximum "price" that is above the equilibrium priceb. maximum "price" that is below equilibrium pricec. minimum "price" that is above equilibrium priced. minimum "price" that is below equilibrium price

Asavings account that pays interest every 3 months is said to have a interest period

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest.extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of

Amajor advantage of case studies is