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harina [27]
2 years ago
14

in 1978, the texas constitution was amended (article 8, section 22), so that if the economy of the state shrinks,

Business
1 answer:
BigorU [14]2 years ago
4 0

In 1978, the texas constitution was amended (article 8, section 22), so that if the economy of the state shrinks, appropriations have to shrink as well.

<h3>what is texas constitution ?</h3>

The Texas Constitution is the fundamental governing document of Texas, describes the structure and function of the government, it consists of a preamble and 17 articles.

  • Article 1  represents Bill of Rights and consists of 34 sections.

  • Article 2  represents the Power of Government which provides for the separation of the powers of the government.

  • Article 3 represent the Legislative Department, include the legislative power of the state of Texas and  consists of the Texas Senate and Texas House of Representatives.

  • Article 4 Executive Department and it consists of 26 sections which describes the powers and duties the officials of  state's executive.

  • Article 5 Judicial Department consists of 32 sections, explains the composition, powers of the Texas Supreme Court, the Court of Criminal Appeals,  Justice of the Peace Courts etc.

  • Article 6 Suffrage consists of five sections, defines classes of persons are not allowed to vote like minors, persons convicted of a felony etc.

  • Article 7 Education consists of 20 sections,  provisions for public schools, asylums and universities.

  • Article 8 Taxation and Revenue which places various restrictions on the ability of the Legislature and local governments to impose taxes like local property taxes.

Learn more about texas constitution , here:

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A company maintains its records using cash-basis accounting. During the year, the company received cash from customers, $32,000,
Virty [35]

Answer:

net income cash-basis     8,000

income accrual-basis        7,900

Explanation:

cash revenues                32,000

salaries expense         <u>  (24,000)  </u>

net income cash-basis     8,000

<u>sales for the period:</u>

beginning AR + sales - collected = ending AR

3,000 + sales - 32,000 =  5,500

sales = 34,500

<u>salaries expense:</u>

beginning salaries payables + salaries - paid = ending salaries payable

3,100 + salaries - 24,000 = 5,700

salaries 26,600

revenues                    34,500

salaries                     <u>  (26,600)  </u>

income accrual-basis   7,900

3 0
3 years ago
Read 2 more answers
Twenty additional kayakers pay $3,000 ($150 each), in addition to the $4,000 that was paid in advance on July 30, on the day of
lisabon 2012 [21]

Answer:

Dr Cash (3,000)

Cr Deferred Revenue (4,000)

Cr Service Revenue (Clinic) (7,000)

Explanation:

Preparation of the appropriate journal entry

Since we were told that kayakers pay the sum of $3,000 at $150 each, by adding to the $4,000 that was already paid in advance on July 30 this means we have to record the transaction by Debiting Cash with the amount of (3,000); Crediting Deferred Revenue with the amount of (4,000) and Crediting Service Revenue (Clinic) with the amount of (7,000)

Note that the credit side of the transaction which is Deferred Revenue of 4,000 -Service Revenue (Clinic) of 7,000 will give us (3,000)

Journal entry

Dr Cash (3,000)

Cr Deferred Revenue (4,000)

Cr Service Revenue (Clinic) (7,000)

7 0
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You decide to change careers and have assessed your values, interests, and skills. What should you do next?
Tresset [83]

Answer:

Make a list of potential jobs and research them

Explanation:

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Aggregate demand is everything produced while simple demand is one good. which statement reflects simple demand?
liq [111]
B because it’s most average
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valina [46]

Answer:

An increase in the production leads to decline in the price. Producers are likely to supply more at the lower price or the existing price, considering the increase in production. If there is a 20 percent increase in the production, then it tends to increase the supply. An increase in supply will have a negative impact on price.

The effect of the increase in production on price is shown in the above figure. A twenty percent increase in the production causes an increase in the supply. Excessive supply causes a reduction in the price. Hence, when the supply increases from P1 to Q2, the price decreases to P2 from P1.

7 0
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