<span>Individual credit card balances for a decedent should be listed on Schedule K of form 706. Schedule K includes the debts of the decedent, including unpaid credit card bills, mortgages, liens, and other debts. A credit card balance belongs with these debts.</span>
The answer to this question would be false because when you file for bankruptcy you are not asking to get help to pay your debt you are asking to have it expunged.
Answer:
Option A is a price floor, option B is binding and option C is price ceiling.
Explanation:
It is stated that the equilibrium price of a donut is $1.50.
If the government institutes a legal minimum price of $1.80 for a donut, that would be an example of price floor because the price cannot be lower than that. $1.80 is higher than $1.50 so it serves a purpose.
Option B is binding since any donut shop that wants to pay better wages is prohibited from hiring more workers.
The government prohibiting donut shops from selling a donut for more than $1.10 is an example of floor ceiling because the price can not go higher than $1.10.
I hope this answer helps.
Answer: 18.8%
Explanation:
Simple rate of return on investment = Incremental net operating income / investment
Incremental net income = Operating savings - Annual cost
= 145,000 - 420,000/6 years
= $75,000
Net investment = Cost of new machine - salvage value of old
= 420,000 - 21,000
= $399,000
Return on investment = 75,000/399,000
= 18.8%
<span>Firms using the Harvesting approach during the decline stage of the product life cycle will gradually reduce marketing expenditures and use a less resource-intensive marketing mix.
In business, harvesting approach is a practice to exploit as much profit as possible from a certain company's product before it pulled out from the market. Usually being done because the firms want to replace the product with a newer one.</span>
