In Texas, the dual budgeting system consists of separate budgets from The legislative and executive branches. This is further explained below.
<h3>What is
a dual budgeting system?</h3>
Generally, Both the legislative and executive arms of government in Texas are responsible for creating their own budgets under the state's dual budgeting system.
In conclusion, Therefore, the dual budget process offers a division of tasks that often has more to do with historical structures, political goals, prospective funding sources, and institutional capabilities than with the actual nature and purpose, including accurate description, of the expenditures themselves.
Read more about the dual budgeting system
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1) Banks hold excess and secondary reserves toA) reduce the interest-rate risk problem.
2) Which of the following statements most accurately describes the task of bank asset management?
b. Banks seek to have the highest liquidity possible subject to earning a positive rate of return on their operations.
3) The goals of bank asset management include
d. purchasing securities with high returns and low risk.
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Answer:
a. $265,000
Explanation:
Process costing is one of method to assign cost to manufactured unit. This method is most commonly used for identical units produced.
Terada Corporation also uses process costing system. In April $241,000 units were transferred out of the department. To identify the total cost under weighted average method we can add up beginning work in process and units transferred out. We get $265,000 if we add up beginning work in process inventory and cost of units transferred out from the department.
= $24,000 + $241,000
= $265,000.
Answer:
$44,994.56
Explanation:
Provided that
Spending amount for living expenses by a family = $40,000
Percentage increase is 4%
Number of years = 3
So, the family living expenses after three years equal to
= Spending amount for living expenses by a family × (1 + rate)^number of years
= $40,000 × (1 + 0.04)^3
= $40,000 × 1.124864
= $44,994.56
