Answer:
$1,010,000
Explanation:
Calculation of Pension Expenses
Particulars Amount
Service cost $520,000
Add: Amortized prior service expenses $105,000
Add: Settlement amount ($665,000) ($6,650,000*10%)
Less: Expected return <u>($280,000)</u> ($3,500,000*8%)
Pension Expense for 2021 <u>$1,010,000</u>
Any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.
<h3>What does Texas Constitution require a balanced budget?</h3>
- Texas always keeps its budget balanced because the State Constitution demands it. The Texas state and local sales taxes exceed 10% of the individual transaction price. The primary operating fund for Texas is the General Revenue Dedicated Fund.
- A constitutional amendment known as the "balanced budget amendment" would restrict government spending to the amount of revenue it receives. Spending would need to be under control by the federal government.
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.
According to a balanced budget, a government should not spend more than its income. Thus projected incomes and expenditures should be equal.
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In segmented capital markets, the cost of capital is essentially determined by the domestic systemic risk of a security.
In integrated capital markets, on the other hand, the cost of capital is determined by the global systemic risk of securities, regardless of nationality.
The capital market is a financial market that buys and sells long-term debt securities or stock-backed securities, as opposed to a money market that buys and sells short-term debt securities.
Examples of highly organized capital markets are the New York Stock Exchange, the US Stock Exchange, the London Stock Exchange, and NASDAQ. Instead of trading on an organized stock exchange, securities can also be traded "over-the-counter".
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They arise because goods can sometimes be found only in certain parts of the world. A famous example of this was historically silk which was only found in China and everyone had to pay what the Chinese manufacturers said. It was good for Chinese economy because their merchants and silk manufacturers were rich, and in return the consumers were satisfied because they had the original high quality silk coming straight from China which ensured quality.