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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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Suppose your firm receives a million order on the last day of the year. You fill the order with million worth of inventory. The
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Answer:

a. Revenues - These will increase by $5 million to represent the entire value of the order.

b. Earnings. - Increase by $3 million

Earnings in this case are revenue less the cost of inventory which will be;

= 5 - 2

= $3 million

c. Receivables - Increase by $4 million

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3 years ago
The amount of money remaining after deductions are taken out best describes which term?
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3 years ago
You are considering purchasing a put option on a stock with a current price of $26. The exercise price is $28, and the price of
Goshia [24]

Answer: $4.24

Explanation:

According to the Put-Call Parity, the value would be expressed by;

Put Price = Call price - Stock price + Exercise price *e^-(risk free rate *T)

T is 90 days out of 365 so = 90/365

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4 0
3 years ago
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Ploeger Corporation has provided the following contribution format income statement. Assume that the following information is wi
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Answer:

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Explanation:

Giving the following information:

Sales (4,000 units) $ 240,000

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Break-even point (dollars)= 81,900/ [(60 - 39) / 60]= $234,000

8 0
3 years ago
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