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3 years ago

States in which region receive more of their revenue from the federal government than do most other states?

1 answer:

8 0

The south state in which region obtain more of their revenue from the federal government than do most other states. In spite of the fact that numerous southern state receives a higher percentage of their revenues from the federal government that other regions, the south as a whole has traditionally delivered fewer government services. Part of the details why southern states dominate the most dependent classification is historical. Throughout the many years in the 20th century south was solidly self-governing its congressional legislative body in both the house and the senate was delight in great seniority that came to hold leadership positions on influential committees which they used to send federal dollars back to their home states in the form of contracts, projects and installations.

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The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation is a

stealth61 [152]

Answer:

Margin of safety= $275,862

Explanation:

Giving the following information:

Sales (50,000 units) $1,000,000

Costs:

Direct materials $270,000

Direct labor 240,000

Fixed factory overhead 100,000

Variable factory overhead 150,000

Fixed marketing costs 110,000

Variable marketing costs 50,000

First, we need to calculate the total variable costs and total fixed costs:

Total variable costs= 270,000 + 240,000 + 150,000 + 50,000

Total variable costs= 710,000

Total fixed costs= 100,000 + 110,000= 210,000

Now, we need to determine the break-even point in dollars:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 210,000 / [(1,000,000 - 710,000)/1,000,000]

Break-even point (dollars)= 210,000/0.29

Break-even point (dollars)= 724,138

Finally, the margin of safety in dollars:

Margin of safety= (current sales level - break-even point)

Margin of safety= 1,000,000 - 724,138

Margin of safety= $275,862

6 0

3 years ago

An inexperienced accountant for Cheyenne Corp. showed the following in the income statement: income before income taxes $371,000

sveta [45]

Answer:

An correct statement was prepared for a comprehensive income which is given below.

Explanation:

Solution

Given that:

Cheyenne Corporation

Correct Statement of Comprehensive/General Income

Income before income taxes $371,000

The less Tax ($371,000 * 35%) $129,850

The Net Income $241,150

Other Comprehensive income

Unrealized profit on present for

sales securities, net of tax $57,655

The comprehensive income

($241,150 +$57,655) $298,805

Note:

The Unrealized profit on present for sales securities, net of tax is given as

=($88,700 * (100% -35%))

=$88,700 * 65%

=$57,655

6 0

3 years ago

The usual stated political goal of rent control isGroup of answer choicesto conduct social engineering via economic rules.prices

Vaselesa [24]

Answer:

to assist the low income at a cost to society, in convenient, affordable housing.

Explanation:

Rent control can be defined as a process which typically involves keeping the cost of rent within a certain amount that is affordable for the citizens. Therefore, it ensures the amount of money spent as rent doesn't go above the chosen amount or grow at an increased rate.

Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.

This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.

Basically, rent control is considered to be a price ceiling.

Hence, the usual stated political goal of rent control is to assist the low income at a cost to society, in convenient, affordable housing.

4 0

3 years ago

"ned sets up an arrangement where some of his property is managed by a trustee for the benefit of beneficiaries. ned reserves th

Irina18 [472]

I believe the answer is: An Revocable Living Trust

Revocable living trust refers to a form of planning that help you determine the person who would obtain your properties when you die. A revocable living trust would cover three phases of the maker's life: his lifetime, possible incapacitation, and what happens after his death.

8 0

4 years ago

Suppose that the bankruptcy law firm had previously loaned $20,000 to Henry Anderson. The law firm filed a financing statement s

pantera1 [17]

Answer: This loan would would have priority over the other unsecured claims in this bankruptcy case.

Explanation:

Since the trucks are secured collateral the loan is a secure loan. It will be the priority in the bankruptcy case since the other claims were unsecured. The law firm would have a right to the trucks since he owed them 20,000$ and put them up as collateral.

Everything that was an unsecured loan does not have anything to take from and will be a loss for the other companies who filed against Henry Anderson.

8 0

4 years ago