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1 year ago

if there is a budget deficit during the biennium, money can be used from the economic stabilization fund

1 answer:

5 0

If there is a budget deficit during the biennium, money can be used from the economic stabilization fund with approval of 3/5th of the members of both the Texas house and the Texas Sentae.

<h3>What is the meaning of the Senate?</h3>

The House of Representatives is the lower chamber of the United States Congress, and the United States Senate is its upper chamber. They are all members of the nationwide bicameral legislatures of both the United States.

A deliberative assembly known as a senate is frequently the upper house or chamber of such a bicameral legislature.

The majority leader is thought to be the party's most powerful senator since he or she represents the party's interests in the Senate as its top representative.

This Is one of The United States Constitution specifies the makeup and authority of the Senate. Each senator in the Senate is an official representative of a single state.

Learn more about The Senate here:

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Pine Creek Company completed 200,000 units during the year at a cost of $3,000,000. The beginning finished goods inventory was 2

solniwko [45]

The cost of goods sold for 210,000 units using a FIFO cost flow for Pine Creek Company during the year is $3,085,000.

FIFO means First-in, First-out.

The FIFO cost flow method is an accounting technique to determine the cost of goods sold and ending inventory based on the assumption that goods produced first are the first to be sold.

The FIFO method is the opposite of the Last-in, First-out (LIFO) method.

<h3>Data and Calculations:</h3>

Number of units produced = 200,000 units

Cost of production = $3 million

Unit cost of production = $15 ($3,000,000/200,000)

Beginning finished goods inventory = 25,000 units

Cost of Beginning inventory = $310,000

Cost of goods sold = $3,085,000 ($310,000 + $15 x 185,000)

Thus, the cost of goods sold for 210,000 units using a FIFO cost flow for Pine Creek Company during the year is $3,085,000.

Learn more about the FIFO Cost Flow Method at brainly.com/question/19167666

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3 0

1 year ago

purchased a new piece of equipment for its research lab on January 1, 2015 for $45,200. The equipment is expected to have a usef

Murljashka [212]

Answer:

The gain recognized on the equipment is $6,550

Explanation:

A straight-line depreciation method distributes depreciation costs evenly throughout the useful life of the equipment, and depreciation per year using this method is calculated thus:

Depreciation per year = (Cost of equipment - salvage value) ÷ useful life

= (45,200 - 6,100) ÷ 4 = 39,100 ÷ 4 = $9,775

This means that each year, the machine depreciates by a value of $9,775.

Next, we are given that the machine was sold for $32,200 after two years, to determine if a profit or loss was made, we will calculate the expected residual value after two years, and find the difference between this value and the selling price. The residual value is calculated thus:

Residual value = Cost of equipment - (depreciation per year × number of years used)

Residual value = 45,200 - ( 9,775 × 2 )

Residual value = 45,200 - 19,550 = $25,650

Difference between residual value and selling price = 32,200 - 25,650 = $6,550 (profit was made since the selling price was higher than the value of the equipment)

8 0

3 years ago

Both production lines can produce all the different types of nozzles. The bronze machines needed for the bronze sprinklers requi

dsp73

Answer:

Demand for plastic sprinklers for year 1 Year 2 Year 3 and Year 4 is 98 (33 + 14 + 51) , 111 , 133, 136.

Explanation:

The Production line capacity requirement for the next four years will be equal to the demand for the next four years. The production line needs to meet the annual demand for the plastic sprinklers. The production line is extended and economies of scale is introduced with helps the company save additional cost of extension in the production line.

5 0

3 years ago

When a company acquires a 20% - 50% interest in another company, this generally results in Group of answer choices a controlling

Softa [21]

Answer:

A significant level of influence.

Explanation:

Whenever the shares of nay company are being purchased by more than 50%, that gives the purchaser the controlling level of influence on that particular company.

Here in this question the level is between 20% - 50%, which is high and can be termed as significant but not any other term that is present in the options to the question.

Hope this helps you out buddy.

Good luck and Thank You.

6 0

3 years ago

Undertaking initiatives that help an organization assume an enhanced citizenship role aligns with the human resource management

vesna_86 [32]

Answer:

complying with legal and social obligations

Explanation:

Every organisation runs its business to achieve the objectives of the business.

Further, the organisation seeks to work in an environment which is legally and socially free from any obligations.

The organisation which assumes too have greater citizenship roles automatically aligns the human resource management with the goal of complying with the legal and social obligations.

As with greater citizenship roles there comes greater diversity which helps to ensure the legal and social obligations.

7 0

3 years ago