judi and phil had a joint visa credit card while they were married. they are now divorced. who is responsible for the balanced owed on the visa card?

Answer:

The cost of a stock on each day is given in an array, find the max profit that you can make by buying and selling in those days. For example, if the given array is {100, 180, 260, 310, 40, 535, 695}, the maximum profit can earned by buying on day 0, selling on day 3. Again buy on day 4 and sell on day 6. If the given array of prices is sorted in decreasing order, then profit cannot be earned at all.

Explanation:

1- Journal Entries: a. November 2021: Cash (or Accounts Receivable) $5,200 Gift Card Liability $5,200

b. December 2021: Cash (or Accounts Receivable) $2,100 Sales Revenue $2,000 Sales Tax Payable $80 Gift Card Liability $1,300

Gift Card Breakage Revenue $100 ($1,300 x 20%)

In November 2021, the restaurant received $5,200 in cash (or accounts receivable) from the sale of gift cards. This results in a liability for the restaurant as the gift cards are redeemable for meals within two years of the purchase date. In December 2021, customers presented gift cards with a total value of $1,300 to pay for meals that cost $2,100. Since the meals were sold in December, the restaurant collected 4% sales tax on the meals ($2,100 x 4% = $80). The $2,000 ($2,100 - $80) received from the customers is recorded as sales revenue, and the sales tax collected is recorded as a liability until remitted in January. The liability for the unredeemed gift cards at the end of the year is $1,300 ($5,200 - $2,100) and is recorded as a liability. The restaurant also recognizes $100 of breakage revenue ($1,300 x 20%) since experience within the industry indicates that 80% of gift cards are redeemed within one year.

2- Liability for Gift Cards:

The liability for gift cards to be reported on the December 31, 2021, balance sheet is $1,300.

3- Classification of Liabilities:

The liability for gift cards should be classified as current liabilities on the December 31, 2021, balance sheet since they are expected to be redeemed within one year.

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Answer:

The value of output obtained with one unit of input is referred to as economic productivity. For example, if a worker produces two units at a cost of ten dollars each in an hour, his productivity is twenty dollars. :))))

The monopolist is a price maker in a pure monopoly. They have the ability to set the price for their product or service without being influenced by market forces.

In a pure monopoly, there is only one seller in the market, and they have complete control over the supply of the product. This gives them the power to determine the price based on their own profit-maximizing objectives. Unlike in a competitive market where prices are determined by the interaction of supply and demand, a monopolist can set prices at a level that maximizes their own profits.

The monopolist's ability to be a price maker is derived from the absence of close substitutes for their product. Since there are no alternative options for consumers, the monopolist can dictate the price without fear of losing customers to competitors. This market power is a defining characteristic of pure monopoly.

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A pure monopoly is characterized by a monopolist that is a price maker, with the ability to set its own price due to the absence of competition and any close substitutes for its product. Firms in a perfectly competitive market structure are price takers, taking the existing market price as given. The absence of close substitutes identifies a market as a monopoly.

In understanding different market structures, one feature of a pure monopoly is that the monopolist becomes a price maker, having the ability to set its own price, as opposed to just accepting the existing market price, which characterizes a price taker. This unique position is due to the absence of any competition and the absence of close substitutes, leaving the monopolist as the sole producer of a specific product in the market.

On the contrary, in a perfectly competitive market structure, firms are price takers, as they lack any market power to influence the price of their products due to the presence of many firms all producing identical products. Shifting market power can happen when one firm gains a substantial market share, prompting transition from price taking to price making.

But the key distinguishing feature of a Monopoly is the lack of substitutes. Even though there may be arguments about how close or not these substitutes are, the fact that there are no close substitutes in actuality is what validates the Monopoly status. Therefore, in the context of your question, a monopolist is a price maker due to the lack of competition and absence of close substitutes.

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Rights and obligations Financial statement assertion is now relevant

Rights and Duties always go hand in hand:

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Answer:

true

Explanation:

Answer:

spine and shoulders are affected

The spine and the shoulders of our body part are mostly affectd by the plogue pose. It stretches our body muscles.

It is a stretching exercise which keeps your body fit and flexible.

Doing stretching exercise regularly benefits the body mucles and tendons.

The plow pose is a stretching exercise where one positions his/her body upside down and keeps their feet bend over the head.

This pose affects our spine and also our shoulders.

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Later, Caleb revealed to his wife that although he is pleased with his accomplishment, he wants to remain modest because if he decides to add more things,...

What is mean by revealed?

to divulge or demonstrate something unexpected or previously hidden: He was imprisoned for divulging information to the Russians. [ + that ] Her biography showed that she was not as wealthy as people had assumed. to divulge or demonstrate something unexpected or previously hidden: He was imprisoned for divulging information to the Russians. [ + that ] Her biography showed that she was not as wealthy as people had assumed. [+ word for question] He refused to say where he had concealed her Easter eggs.

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Caleb wants to stay small to avoid having to reduce prices and take on more staff and overhead costs, which could lead to a decrease in quality or customer service.

Caleb want to remain small since, if he decides to introduce new items, small businesses are sometimes unable to compete with larger firms that have access to greater resources and a broader consumer base. This may force Caleb to dramatically lower his rates in order to compete, which may not be viable for his firm in the long run. Furthermore, expanding his firm might imply hiring more employees and increasing overhead expenditures, which could strain his finances too thin. Furthermore, Caleb may not have the time or energy to run a larger company, which might result in a drop in quality or customer service. All of these factors make it difficult for Caleb to justify expanding his company.

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The earnings of the three employees are X=$2,135, Y=$392, Z=$260.

The commission is basically the amount of service charge which is given by the employer to their employee in addition to his income.

Let, the three employees be X, Y, and Z.

Given that,

Employee X earns $2,000 with 3% on all sales.

Employee Y earns 7% on all sales.

Employee Z earns 5% on the first $40,000, and 8% for sales over $40,000.

The table is shown in the image below about the sales of December, January, and February.

Earning in December are as follows:

Employee X:

\(=\$2000+3\%(\$4,400)\\ = \$2,132.\)

Employee Y:

\(7\%(\$5,600) = \$392\)

Employee Z:

\(5\%(\$5,200) = \$260\)

Hence, employee A has the largest amount of earnings in the month of December.

Therefore, option A is correct, where A is the salary plus commission employee.

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Answer:

The correct answer is D.

Explanation:

They each had the same dollar amount in sales.

Prevention costs are those costs incurred when production processes are designed or modified to prevent defects from occurring in the first place.

Prevention costs refer to the cost of preventing errors or defects from being produced in the production process in the first place. Prevention costs are expenses incurred to avoid product defects or manufacturing errors. The costs of these activities are typically viewed as preventive because they are focused on preventing quality problems from occurring. In other words, it is the money invested in preventing defects in the first place, which is a proactive approach to quality control, rather than reactive.

However, the prevention costs could also include costs like training programs, quality assurance systems, new equipment, inspection and testing equipment, design reviews, and supplier evaluations. The goal of these prevention costs is to eliminate defects from happening, which leads to increased production efficiency, decreased costs, and improved product quality.

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An invoice number is a unique number in chronological order without any breaks. There can be separate series for different invoices. The invoice must have the date on which service is provided to the client.

A program known as a perpetual inventory system continuously estimates your inventory using electronic records rather than a physical inventory. This system starts with a physical count as the baseline and adjusts based on inbound and outbound purchases and shipments.

Your inventory balances are always tracked by a perpetual inventory system. Refreshes are consequently made when you get or sell stock. Your inventory accounts are immediately updated with all purchases and returns. A perpetual inventory system, for instance, might be used by a grocery store.

In perpetual FIFO, the first (or earliest) expenses are deducted from the Inventory account first and credited to the Cost of Goods Sold account last. The cost of goods sold and the cost of ending inventory will therefore be the same for both the perpetual and periodic FIFO cost flows.

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A type of investment that gives a person a share of ownership in a company is a stock. Thus, option (c) is correct.

A stock is a type of investment that gives a person a share of ownership in a company. When a person buys a stock, they become a partial owner of the company and are entitled to a portion of the company's profits.

Stocks are traded on the stock market, and their prices can fluctuate depending on a variety of factors, such as the company's performance, investor sentiment, and overall market conditions. Stocks are important because they provide investors with the potential to earn returns on their investments, and they provide companies with capital to fund their operations and growth.

Therefore, it can be concluded that a type of investment that gives a person a share of ownership in a company is a stock. Hence, option (c) is correct.

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Answer:

An increase in income will increase tax revenue because the more taxes and tax write-offs will lead to more in tax returns.

Explanation:

The more income you make the more taxes you will pay, after write-offs you will end up earning more back in tax returns than you would if you made less

Answer:

A. Review the different savings account options that your bank offers.

Answer:

True

Explanation:

As we know that

Earning before interest & taxes (EBIT) = Gross Profit - SGA (Selling, General and Administrative Expense) - Depreciation Expense

So the given statement is true

Hence, the same would be considered and relevant too

To calculate the cash flows from financing activities, we need to consider the financing activities that occurred during the year. In this case, the financing activities include the purchase of treasury stock,

payment of dividends, and the issuance of bonds payable.

Given information:

Purchase of treasury stock: $16,000 (outflow)

Payment of dividends: $20,000 (outflow)

Issuance of bonds payable: $860,000 (inflow)

To calculate the total cash flows from financing activities, we sum up the inflows and outflows:

Total cash flows from financing activities = Issuance of bonds payable - Purchase of treasury stock - Payment of dividends

Total cash flows from financing activities = $860,000 - $16,000 - $20,000

Total cash flows from financing activities = $824,000

Therefore, the cash flows from financing activities for 2020 amount to $824,000.

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The cash flows from financing activities for Vision Company in 2020 will total -$856,000.

To calculate the cash flows from financing activities, we consider the following transactions: Purchase of treasury stock with a cost of $16,000: This is considered a cash outflow from financing activities, so we subtract $16,000. Payment of dividends of $20,000: Dividends are also considered a cash outflow from financing activities, so we subtract $20,000. Issuance of bonds payable for proceeds of $860,000: This is considered a cash inflow from financing activities, so we add $860,000. Adding these transactions, we get -$16,000 - $20,000 + $860,000 = -$856,000. Therefore, the cash flows from financing activities for 2020 will total -$856,000.

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Out of the given options, the savings deposits are not considered a required deduction. A savings deposit is a portion of the cash that is kept aside by the account holder at a bank or financial institution for safekeeping. It is not deducted from the salary or wages earned by the individual.

Hence, option (b) savings deposits are not considered a required deduction.What are required deductions?The term required deductions refers to the specific deductions that are deducted from the paycheck of an individual before the money is received by them. These deductions are compulsory and are required to be deducted as per law. Required deductions include:

Federal income tax State tax Social Security tax Medicare tax Other deductions that may be required to be made from the paycheck are health insurance premiums, retirement contributions, and wage garnishments.

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A 3-tier architecture can be compared to the design and operation of a retail store in terms of the front-end display layer, middle-tier application layer, and back-end data layer.

In terms of its design and function, a retail store is comparable to a three-tier architecture as follows: In a three-tier architecture, the presentation layer serves as the application's user interface or front-end. The storefront or display area where clients can engage with the goods and services being offered is the retail shop's presentation layer.  

Application Layer: In a three-tier architecture, this layer houses the processing and business logic that happens in the middle tier of the application. This layer in a retail store is comparable to the internal processes that go on in the background, like supply chain management, order processing, and inventory management.

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product mix consists of all the product lines and items that a particular seller offers for sale.

In the economic sense, a product is anything that may be sold to fulfill a customer's want or need. Product information may be included with a product. The product description is established by law for several product categories. For instance, food products must bear labels that list the contents, ingredients, and best-before date.

Some businesses make products and offer services using product information systems. A product information system keeps track of a product's attributes and life cycle, among other things. This product life cycle illustrates how a product changes as it is being actively manufactured and sold. Phases like development, growth, maturity, and degradation are involved. A product might be a physical item, like

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A good marketing plan should be adaptable and responsive to the changing needs and demands of the market and the product. So the answer is false.

The marketing strategies that work during the introduction and growth stages may not be effective during the maturity and decline stages. During the introduction stage, the focus may be on creating awareness and building demand for the product, while during the growth stage, the focus may be on expanding the customer base and increasing market share.

However, during the maturity stage, the focus may shift towards retaining customers and defending market share against competitors. Therefore, it is important to adjust marketing strategies accordingly as the product progresses through its life cycle to ensure continued success.

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The economic variable that is affected when the central bank adopts a countercyclical monetary policy is: C. Interest rates.

Countercyclical monetary policy refers to the actions taken by the central bank to stabilize the economy during periods of economic booms or recessions. The aim is to counteract the prevailing economic cycle and promote stability. One of the primary tools used by central banks to implement countercyclical monetary policy is the adjustment of interest rates.

During an economic downturn or recession, the central bank may adopt an expansionary monetary policy. This involves lowering interest rates to encourage borrowing and investment, stimulate consumer spending, and promote economic growth. By reducing interest rates, the central bank aims to make borrowing cheaper and more accessible, thereby boosting economic activity.

Conversely, during an economic upswing or inflationary pressures, the central bank may adopt a contractionary monetary policy. This involves raising interest rates to slow down borrowing and investment, reduce inflationary pressures, and prevent overheating of the economy. By increasing interest rates, the central bank aims to make borrowing more expensive, which can help curb inflation and cool down economic growth.

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Answer: a. The listing agreement they will use

b) Ted's office policy regarding intermediary brokerage

c) Ted's office policy regarding commission splits with "other" brokers

Explanation:

Apart from the fact that the statutory written statement regarding the brokerage services will be presented, it is appropriate for Ted to discuss the following with the sellers.

• The listing agreement they will use

• Ted's office policy regarding intermediary brokerage

• Ted's office policy regarding commission splits with "other" brokers.

These are needed to ensure that both the sellers and the buyer understands each other's stand and the agreement that are in place to ensure a smooth transaction.

No, Anderson Animations Corporation should not reject Division L's project because its return is less than the risk-based cost of capital for the division.

The decision to accept or reject a project should not be solely based on whether its expected return is greater or lesser than the risk-based cost of capital for the division. Instead, a project's acceptability should be evaluated based on its ability to generate a return that exceeds the cost of capital for the company as a whole.

In this case, Anderson Animations Corporation has a composite weighted average cost of capital (WACC) of 15%, which is the average of the weighted average cost of capital for Division L (12%) and Division H (18%). Since the project's expected return of 13.5% is higher than the company's overall cost of capital (15%), it suggests that the project has the potential to generate a return that exceeds the company's average cost of capital.

It is important to note that Division L is the low-risk division, and its weighted average cost of capital is 12% if it operated independently. This indicates that Division L is relatively less risky compared to the company's high-risk division, Division H, which has a weighted average cost of capital of 18% if operated independently.

Considering the project's expected return of 13.5% falls between the weighted average cost of capital for Division L (12%) and Division H (18%), it suggests that the project aligns with the risk level of Division L. Therefore, rejecting the project solely based on its return being less than the risk-based cost of capital for Division L would not be appropriate.

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Suppliers are businesses that offer finished or semi-finished products and services to the main business.

Suppliers are those companies or individuals who provide goods or services to other companies or individuals. They are the source of the products or services that a business needs to operate and can be domestic or international. Suppliers provide businesses with the raw materials and components they need to produce products, as well as the necessary services to keep their operations running.
They provide the materials, components, and services necessary for the production and sale of products and services.

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A relative price is the price of a specific good in comparison to the prices of other goods and services. This means that it is a measure of the value of one good or service in relation to others. For example, if the price of bread increases compared to the price of milk, then the relative price of bread has gone up.

This is an important concept in economics as it helps to explain how prices change over time and how consumers make choices about what to buy. It is important to note that relative prices can fluctuate due to changes in supply and demand, changes in production costs, or changes in consumer preferences. In order to fully understand relative prices, it is necessary to look at them over a long period of time and to take into account other economic factors that may be affecting them.
 A relative price is: b. the price of a specific good in comparison to the prices of other goods and services. In other words, it is a measure of how much one good or service costs compared to other goods and services in the market. This comparison allows you to understand the value of a particular item in relation to others, which can help in making informed decisions when purchasing goods or services.

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Answer: the RATIONAL model of decision making is the main model that considers risks and alternatives! Hope this helps!

Becky's internal rate of return over the five-year period was 11.81%.

The Internal Rate of Return (IRR) is the rate that makes the net present value (NPV) of all cash flows equal to zero. Becky invested 30,000 in Year 1 and received returns of 10,000 in Year 2, 8,000 in Year 3, 11,000 in Year 4, and 9,000 in Year 5, as per the given statement.

The IRR is calculated using these inputs with the help of the following steps:

Step 1: Find the Present Value (PV) of all cash inflows Year 1 cash inflow is 0 because it is the initial investment

Year 2 cash inflow is 10,000 / (1+r)²

Year 3 cash inflow is 8,000 / (1+r)³

Year 4 cash inflow is 11,000 / (1+r)⁴

Year 5 cash inflow is 9,000 / (1+r)⁵

Step 2: Add the PV of all cash inflows and equate it to the investment made.

30,000 = $0 + (10,000 / (1+r)²) + (8,000 / (1+r)³) + (11,000 / (1+r)⁴) + (9,000 / (1+r)⁵)

Step 3: Use the Trial and Error method or Excel Solver to find the IRR that satisfies the above equation.

Using the above formula, the IRR comes out to be 11.81%.

Thus, Becky's internal rate of return over the five-year period was 11.81%.

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Answer:CURRENCY

Explanation:

IM TAKING THE TEST RIGHT NOW I GOTCHU HAVE A WONDERFUL DAY

The correct option is D. Any form of money that is commonly accepted to pay for goods in a transaction is known as a Currency.

Its value derives from the fact that the government of the country issuing it has deemed it "legal tender". In this instance, we agree that the money has worth it because both the government and other parties accept it as payment.

The power of nations to generate money and influence output, prices, or government revenue has been severely constrained over protracted periods of time. Throughout this history, countries have tied their currencies to an international standard.

Money is a form of exchange used to buy and sell goods and services. In a nutshell, it is money that is typically issued by a government and commonly accepted as payment at face value. It comes in the form of coins and paper.

Thus, Money is a form of exchange used to buy and sell goods and services.

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Answer:

From the top of the pyramid, the Cigarette Industry is operating at the penultimate level which speaks to Legal Responsibility.

In descending order, there are four levels on the social responsibility pyramid. Namely:

Cheers!