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2 years ago

An amendment to the texas constitution requires a balanced budget. this means that _____. pols

1 answer:

4 0

An amendment to the Texas constitution requires a balanced budget. this means that any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

<h3>What is meant by an amendment to the constitution?</h3>

This is the term that is used to refer to the changes that are made to the constitution. This is used to refer to the particular changes and the bills or the resolutions that would be brought into the constitution that is existent in a particular place.

Hence we can say that An amendment to the Texas constitution requires a balanced budget. this means that any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

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Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances

denis23 [38]

Answer:

Explanation:

The adjusting entries are shown below:

1. Supplies Expense A/c Dr $3,000 ($2,000 + $4,500 - $3,500)

To Supplies A/c $3,000

(Being supplies purchased)

2. Insurance Expense A/c Dr $2,000

To Prepaid Insurance A/c $2,000

(Being prepaid insurance adjusted)

3. Salary expense A/c Dr $16,000

To salary payable A/c $16,000

(Being salary adjusted)

4. Unearned revenue A/c Dr $1,500

To Service revenue A/c $1,500

(Being unearned revenue adjusted)

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4 years ago

It is estimated that the average cost of a single field sales call on a business customer is about __________, factoring in sale

bearhunter [10]

The answer to this question is an amount equal to or more likely "$350.00". Hence when it is estimated that the average cost of single field sales calls on a business or the establishment customer is about an amount of $350.00, factoring in sales the people or worker's compensation, benefits, and the travel-and-entertainment expenses.

3 0

3 years ago

Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at

soldier1979 [14.2K]

Answer:

a. Activity rates for each activity

Fabrications = $18/dlh

Assembly = $7/dlh

Setup = $450/setup

Inspection = $230/inspection

b. Activity-based factory overhead per unit for each product

Speed Boats = $124.532

Bass boats = $302.068

Explanation:

Provided there are various activities as follows

Activity Cost Speed Boats Bass boats Total activity

Fabrications $522,000 7,250 dlh 21,750 dlh 29,000 dlh

Assembly $182,000 19,500 dlh 6,500 dlh 26,000 dlh

Setup $195,750 52 setups 383 setups 435 setups

Inspection $166,750 91 inspections 634 inspections 725 inspt.

a. Activity rates for each activity

Fabrications = $522,000/29,000 dlh = $18/dlh

Assembly = $182,000/26,000 dlh = $7/dlh

Setup = $195,750/435 setups = $450/setup

Inspection = $166,750/725 inspections = $230/inspection

b. Activity-based factory overhead per unit for each product

Activity Speed Boats Bass boats

Fabrications 7,250 x $18 = $130,500 21,750 X $ 18 = $391,500

Assembly 19,500 X $7 = $136,500 6,500 X $7 = $45,500

Setup 52 X $450 = $23,400 383 X $450 = $172,350

Inspection 91 X $230 = $20,930 634 X $230 = $145,820

Total of both = $311,330 = $755,170

Total units are 2,500 of each product

Cost p.u. = $311,330/2,500 =$124.532 = $755,170/2,500 =$302.068

a. Activity rates for each activity

Fabrications = $18/dlh

Assembly = $7/dlh

Setup = $450/setup

Inspection = $230/inspection

b. Activity-based factory overhead per unit for each product

Speed Boats = $124.532

Bass boats = $302.068

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4 years ago

In the long run a pure monopolist will maximize profits by producing that output at which marginal cost is equal to:

shepuryov [24]

Answer:

2. marginal revenue.

Explanation:

Marginal cost is the extra expense incurred as a result of or producing or selling an additional unit. For a profit-maximizing firm, marginal cost is important as it indicates the point at which production should stop.

Marginal revenue is the income generated by the sale of an extra unit. If the marginal revenue is greater than the marginal cost, a firm will make profits if it produces and sells an extra unit.

A profit-maximizing firm should continue production until the marginal cost equal to marginal revenue. The cost associated with producing the last item should match the income from that item. Further production will result in a loss.

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3 years ago

1. If you had $1,000 to invest into the following funds, which one would have the highest value (not including any fees) at the

Art [367]

Orange Fund with Year 1 return of 0% & Year 2 return of 0%.

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4 years ago

Read 2 more answers