What is child support? How is it awarded?
What will be an ideal response?
The noncustodial parent is obligated to contribute to the financial support of his or her biological and adopted children. This includes a child's costs for food, shelter, clothing, medical expenses, and other necessities of life. This payment is called child support. The custodial and noncustodial parents may agree to the amount of child support. If they do not, the court determines the amount of child support to be paid. In awarding child support, the court may consider several factors, including the number of children, the needs of the children, the net income of the parents, standard of living of the children prior to termination of the marriage, special medical or other needs of the children, and other factors the court deems relevant. The duty to pay child support usually continues until a child reaches the age of majority, graduates from high school, or emancipates himself or herself by voluntarily choosing to live on his or her own.
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Which statement is true?
a. ERPs are infinitely scalable. b. Performance problems usually stem from technical problems, not business process reengineering. c. The better ERP can handle any problems an organization can have. d. ERP systems can be modified using bolt-on software.
Punishment is a form of ______ power.
a. reward b. anti-reward c. soft d. coercive
During a counteroffer, the previous offeror remains the offeror
Indicate whether the statement is true or false
[The following information applies to the questions displayed below.]Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.)1) Acquired $950 cash from the issue of common stock. 2) Borrowed $420 from a bank. 3) Earned $650 of revenues. 4) Paid expenses of $250. 5) Paid a $50 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.)1) Issued an additional $325 of common stock. 2) Repaid $220 of its debt to the bank. 3) Earned revenues of $750. 4) Incurred expenses of $360. 5) Paid dividends of $100. What is the amount of total stockholders' equity that will be reported on Packard's balance sheet at the end of Year 1?
A. $250 B. $1,300 C. $900 D. $1,350