Laws are created by the legislative branch, but the President, who is part of the executive branch, has the power to veto them.
<h3>How do the legislative and executive branches work together?</h3>
- The day-to-day administration and enforcement of Federal legislation is the duty of the executive branch, through the Federal agencies. The aims and responsibilities of these federal ministries and agencies range greatly, from safeguarding the environment to securing the country's borders.
- A statute may be subject to the President's veto in the executive branch, but with enough votes, the legislative branch can override the veto.
- The legislative branch has the authority to ratify presidential appointments, manage the budget, impeach the president and force their resignation.
- Executive orders, which are akin to proclamations and have legal effect, can be declared by the executive branch, but they can also be ruled unlawful by the judicial branch.
Learn more about legislative and executive branches here:
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Answer: B. an increase in interest rates that decrease economic growth.
Explanation:
If interest rates were to rise in an Economy, that would mean that the cost of borrowing just rose. The rise in the Cost of Borrowing reduces consumer spending as well as business investment. This will therefore lead to a lower Aggregate demand. A lower AD in the Economy usually leads to a decrease in economic growth.
Now, if such things were to happen, a firm may definitely invest in fewer projects because first off it will be more expensive for them to borrow and invest because of the high rates. They will also be discouraged because of the Decrease in economic growth as the chances of their projects doing well will be drop in a depreciating economy.
Preserved remains of organisms are known as fossils.
Fossils are generally <u>remains of ancient dead living organisms, including plants and animals</u>. Fossils can be in the form of bones, shells, or even an animal’s imprint.
These things help Charles Darwin in proving his theory of evolution, which states that heritable characteristics in living organisms change over several generations.
Answer:
An excise subsidy has only a substitution effect since the subsidy artificially lowers the price of the subsidized good causing the consumer to increase consumption of the good, but no income effect.
Explanation:
The above is true due to the fact that the consumption of goods increases. This could have been reduced had it been that, there was never any excise subsidy on those goods.
Question
Monty Manufacturing builds playground equipment that it sells to elementary schools and municipalities. Monty's management has contracted you to perform a variance analysis on the fixed manufacturing overhead for its line of slides. Monty's cost accounting team informs you that it allocates fixed overhead based on machine hours. This period production was budgeted at 35
0 slides
. Budgeted and actual production data follows:
Standard fixed overhead cost per machine hour $5.00
Standard machine hours per slide 9
Actual production 390
Actual fixed overhead cost $20,000
What is the fixed manufacturing overhead volume variance in this period?
Answer:
Fixed overhead volume variance $1800 Favorable
Explanation:
Standard fixed cost per unit = cost per hour × standard hours
= $5.00 ×9 = $45
Units
Budgeted production unit 350
Actual production unit <u>390</u>
Volume variance in (units) 40
Standard fixed over cost per unit <u>× $45</u>
Fixed overhead volume variance <u> 1800 </u>Favorable
Fixed overhead volume variance $1800 Favorable
