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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.

Read more on amendment here: brainly.com/question/687600

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Joe Jenkins, the owner of Jenkins Manufacturing, is considering whether to produce a new product. Joe will be selling the produc

Paul [167]

Answer:

Jenkins Manufacturing

Joe should produce using the new equipment.

Explanation:

a) Costs incurred using the old equipment:

Variable costs = $45,000 ($50 x 900)

Fixed costs = $40,000

Total costs = $85,000

Operating Loss = $22,000 ($63,000 - 85,000)

b) Costs incurred using the new equipment:

Variable costs = $22,500 ($25 x 900)

Fixed costs = $60,000

Total costs = $82,500

Operating Loss = $19,500 ($63,000 - 82,500)

Production using the new equipment would reduce the operating loss by $2,500.

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3 years ago

When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and

scoundrel [369]

Answer: Keynesian Economic Theory

Explanation: The policy adopted by the President was to cut back taxes and increase government spending on road, bridges and schools. This policy of the government is called the expansionary fiscal policy which is used to combat an economy suffering from recession. The Keynesian theory also supports the argument that when an economy is suffering from recession, economic output is influenced by aggregate demand. Thus, the government and use its fiscal policy tools to bring the economy out of recession. It also supports that the Fed can also use its monetary policy to bring the economy out of recession. But since here taxes and government spending are uses, we can say that Obama was a proponent of Keynesian Economic theory.

6 0

3 years ago

You can receive 400,000 five years from today or 1,000,000 thirty years from today. what interest rate makes them equivalent?

deff fn [24]

Answer:

3.73%

Explanation:

The computation of the rate of interest that makes the equivalent is shown below:

As we know that

Present value=Cash flow × Present value discounting factor ( interest rate% , time period)

Let us assume the interest rate be x

where,

Present value of $400,000 is

= $400,000 ÷ 1.0x ^5

And,

Present value of $1,000,000 be

= $1,000,000 ÷ 1.0x^30

Now eqaute these two equations

$400,000 ÷ 1.0x^5 = $1,000,000 ÷ 1.0x^30

(1.0x^30) ÷ (1.0x^5) = $1,000,000 ÷ $400,000

1.0x^(30 - 5)=2.5

1.0x^25=2.5

1.0x = (2.5)^(1 ÷ 25)

x =1.03733158 - 1

= 3.73%

3 0

3 years ago

Advice Florence and her team on how they can convince the staff using john kotter's theory to lead change

shtirl [24]

John Kotter’s theory for leading can help business staffs to improve their performance especially in completing assignments and improving teamwork. His theory centers on eight steps:

1. Creating urgency to spur change.

2. Forming a powerful coalition from people of diverse talents.

3. Make a vision of change that would inspire and rally your group.

4. Communicate that vision so that all of you understand what needs to be done.

5. Remove obstacles that would impede your goals.

6. Create short-term wins that would help in the short run but will contribute in the long run.

7. Build on change while the momentum is there.

8. Anchor that change as a model for others to follow.

4 0

3 years ago

11. If you want to have a return for your Final Portfolio (that is invested between Optimal Risky portfolio and Risk Free Securi

melamori03 [73]

Answer:

Answer is explained in the explanation section.

Explanation:

Note: First of all, this question is incomplete and lacks necessary data to calculate this question. However, I have found the similar question on the internet with complete data given. Additionally, I have shared that data as well in the attachment below for your convenience, Thanks.

Solution:

SD = Standard Deviation

Using utility function, E(R) = Rp - 0.005 x A x $SD^{2}$ = 1.34 - 0.005 x 3x $4.06^{2}$

Using utility function, E(R) = 1.093%

If the weight in the risky portfolio is let's say, "a" then,

weight in the risk-free asset = 1 - a

So,

E(R) = a x Rp + (1 - a) x Rf

1.093% = a x 1.34% + (1 - a) x 0.50%

Solving for "a"

a = 70.56% - weight in risky portfolio

and 1 - a = 29.44% - weight in risk-free asset.

Similarly, if you want a return of 1.10%,

we can follow the above steps and get

1.1% = a x 1.34% + (1 - a) x 0.5%

Weight in risky portfolio,

a = 71.43%

weight in risk-free asset,

1 - a = 28.57%

5 0

3 years ago