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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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1.2.35 Question Help Ralph Chase plans to sell a piece of property for $ 140000 140000. He wants the money to be paid off in tw

VARVARA [1.3K]

Answer:

a). The amount of the short-term loan=$128,181.82

b). The amount of the long-term loan=$156,666.67

Explanation:

The total annual interest to be paid can be expressed as;

I=PRT

where;

I=annual interest

P=principal amount of the note

T=number of years

a). For the short-term note's case;

I=$14,100

P=unknown

R=11%

T=1 year

replacing;

14,100=P×(11/100)×1

0.11 P=14,100

P=14,100/0.11

P=128,181.82

The amount of the short-term loan=$128,181.82

b). For the long-term note's case;

I=$14,100

P=unknown

R=9%

T=1 year

replacing;

14,100=P×(9/100)×1

14,100=P×0.09

0.09 P=14,100

P=14,100/0.09

P=156,666.67

The amount of the long-term note=$156,666.67

3 0

3 years ago

A country redesigned its tax policy so that the tax rate was reduced for individuals earning larger amounts of money. For exampl

storchak [24]

Answer: B. regressive taxation

Explanation:

Regressive taxation is a form of taxation where people who earn higher income pay a less percentage of income as tax while those who earn less income pay a higher percentage of income as tax.

Progressive taxation is a form of taxation where people who earn higher income pay a higher percentage of income as tax and those who earn less income pay a lower percentage of income as tax.

6 0

3 years ago

Read 2 more answers

Which of the following statements is not true concerning Peter Jackson's use of computer-generated imagery in The Lord of the Ri

Sonbull [250]

Answer:

Explanation:

I believe its C due to the fact. stunt doubles are actual individuals. or they would just have the actor be edited instead of placing a digital stunt double.

6 0

3 years ago

The 2016 financial statements of Leggett & Platt, Inc. include the following information in a footnote. (in millions) 2016 2

Virty [35]

Answer:

Option (D) is correct.

Explanation:

Given that,

In 2016,

Allowance for doubtful accounts = $7.2 million

Total accounts and other receivables, net = $486.6 million

In 2015,

Allowance for doubtful accounts = $9.3 million

Total accounts and other receivables, net = $520.2 million

Therefore,

Company’s current gross accounts and other receivables at the end of 2016:

= net receivable(2016) + allowance for doubtful(2016)

= $486.6 + $7.2

= $493.8

8 0

3 years ago

ABC Corporation distributes property to its sole shareholder, Andre. The property has a fair market value of $350,000, an adjust

saul85 [17]

Answer:

ABC has a gain of $145,000 and Andre's dividend income is $130,000

Explanation:

Property ABC issued, has the following:

fair market value = $350,000

Adjusted basis = $205,000

Liability = $220,000

Calculate ABC's Corporation gain:

Gain = market value - Adjusted basis

= $350,000 - $205,000

= $145,000

ABC has a gain of $145,000

Calculate Andre's dividend income since he is the sole shareholder:

Dividend earnings = fair market value - liability

= $350,000 - $220,000

= $130,000

Andre's dividend income is $130,000

Correct option is D.

With respect to distribution, ABC has a gain of $145,000 and Andre's dividend income is $130,000

8 0

3 years ago