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2 years ago

historically, inequities in the amount of money avaliable to local school districts in texas have been the result of

1 answer:

6 0

Historically, inequities in the quantity of money available to local school districts in Texas have been the effect of

wide deviations in the value of taxable possessions among districts.

<h3>Are all Texas schools ISD?</h3>

Almost all Texas school districts use the title "Independent School District", or ISD. But for Stafford, those few districts that do not have "ISD" in their names are however ISDs.

<h3>Can you live in one school neighborhood and go to another in Texas?</h3>

Generally, a child must obey the school district in which he or she resides. School districts can make transfer arrangements to accept each others' students. Transfer arrangements may also result from wealth-sharing arrangements underneath Chapter 41 of the Texas Education Code.

To learn more about school districts visit the link

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A company has determined that changes in price will not dramatically impact the number of sales they are able to make. What shou

tester [92]

Answer:

Sell at a somewhat higher price since customers will still purchase even at a higher price ( D )

Explanation:

The type of goods and services that changes in prices doesn't r affect the quantity/demand bought by the consumers are usually staple goods which are a necessity and not a want but a serious need. A company if after much research discovers that the demand for a particular product is unwavering( fixed ) they can increase the prices in order to maximize profits form the little amount of goods been produced/sold in the open market. while in other hand if the demand for a particular product is not stable any change in price can significantly affect the demand for the good or service leading to a loss for the company.

7 0

3 years ago

Rock Bottom Gold Company recently repurchased 7 million shares of its common stock for $47 per share. The intent of the repurcha

Eddi Din [679]

Answer:

a. Assets = Liabilities + Stockholder's Equity

Assets = Cash (7,000,000*$47) = -$32,90,00,000

b. Liabilities = No Effect

c. Stockholder's Equity = -$32,90,00,000

5 0

3 years ago

Hankins Corporation has 7.5 million shares of common stock outstanding, 275,000 shares of 4.7 percent preferred stock outstandin

yulyashka [42]

Answer:

7.98%

Explanation:

For computing the market value capital structure we need to do following calculations which are shown below:

Market value of stock = 7,500,000 × $62 per share = $465,000,000

Cost of Equity = Risk Free rate + Beta × Market risk Premium

= 3.4% + 1.10 × 7.2%

= 11.32%

Market value of Bond = 108% × $2,000 × 160,000 bonds = $345,600,000

Coupon = 5.6% × 2000 ÷ 2 = 56

Number of Periods(n) = 18 × 2 = 36

Market value = $2000 × 1.08 = $2160

Cost of debt (YTM) using excel formula is

= RATE(36,56,$2,000,-$2,160)

= 4.92%

Market value of Preferred Stock = 275,000 × $94 = $25,850,000

Cost of Preferred Stock = 4.7%

Total value = $465,000,000 + $345,600,000 + $25,850,000

= $836,450,000

Equity ratio = $465,000,000 ÷ $836,450,000 = 0.5559

Debt ratio = $345,600,000 ÷ $836,450,000 = 0.4132

Preferred Stock ratio = $25,850,000 ÷ $836,450,000 = 0.0309

Now the market capital structure is

Cost of Project = Equity Ratio × Cost of Equity + Debt ratio × ( 1-Tax rate) × Cost of Debt + Preferred Stock ratio × Cost of Preferred stock

= 0.5559 × 11.32% + 0.4132 × (1 -24%) × 4.92% + 0.0309 × 4.7%

= 7.98%

3 0

4 years ago

Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2017. Garcia Compa

algol13

Answer:

Dr Cash $332,775

Cr Bonds payable $290,000

Cr Premium on bonds payable $42,775

Explanation:

Preparation of the journal entry to record the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2017

Based on the information given the journal entry to record the issuance of these bonds will be:

Dr Cash ($290000/100*114.75) $332,775

Cr Bonds payable $290,000

Cr Premium on bonds payable ($332,775-$290,000) $42,775

(To record issuance of bonds)

3 0

3 years ago

Nolan Company's cash account shows a $21,268 debit balance and its bank statement shows $19,711 on deposit at the close of busin

dusya [7]

Answer:

Balance at Bank as per the Cash Book $21,250

<u>Add Unpresented Checks :</u>

Outstanding checks $2,231

<u>Less Lodgements not yet credited :</u>

Cash Receipts - Night Depository ($3,801)

Balance as per Bank Satement $20,400

Explanation:

First bring the Cash book up to date :

Cash Book Bank Balanace

Debits :

Bank Balance as of June 30 $21,268

Error - Overstated Check $9

Totals 21,277

Interest earned $31

Credits :

Bank service charges $27

Balance (Up to Date) $21,250

Totals $21,277

Then, Prepare the Bank Reconciliation Statement :

Balance at Bank as per the Cash Book $21,250

Add Unpresented Checks :

Outstanding checks $2,231

Less Lodgements not yet credited :

Cash Receipts - Night Depository ($3,801)

Balance as per Bank Satement $20,400

5 0

3 years ago