Answer:
unconstitutional under the "dormant" commerce clause.
Explanation:
The Commerce Clause (Article 1, Section 8, Clause 3 of US Constitution) state that Congress has the power <em>"to regulate commerce with foreign nations, and among the several states, ..."</em>
The dormant commerce clause refers to limitations on state powers, which cannot pass any law that excessively burdens or discriminates against interstate commerce. Only Congress has the power to regulate interstate commerce.
Answer:
It will grow to $229.91
Explanation:
Amount (A) = Pe^rt
P is the amount invested = $100
r is the rate of return = 9.25% = 9.25/100 = 0.0925
t is the duration of the investment = 9 years
A = 100e^(0.0925 × 9) = 100e^0.8325 = $229.91 (to 2 decimal places)
Answer:
a. $1,000 of income for the Human Fund for owning a $100,000 savings bond - This is an example of the debt interest in the budget.
b. Food stamps received by the Jones family - These are mandatory that has to be spent by the government.
c. Purchase of F-16 fighter planes by the U.S. government - Purchasing F-16 is discretionary.
d. An increase in the salary of researchers at the National Institutes of Health - Increase in the salary is discretionary expenditure by the government.
e. Government aid to help victims of drought in east Africa - This will be discretionary.
Definition of the categories of US government budget
Mandatory spending is spending required by statutory criteria, it is not authorized annually
Discretionary spending is spending that must be authorized annually and appropriated by the House and Senate.
Interest on debt is the cost incurred by an entity for borrowed funds
Answer:
$35
Explanation:
Given:
Variable cost per unit = $35
Fixed cost per unit = $10
Sale price = $70
Computation:
Minimum Transfer price = $35
Company working on full capacity So, variable cost per unit is considered as the minimum transfer price.
Answer:
2018: No pretax income or loss
2019: Income of $2,000.
Explanation:
Given that,
On December 27, 2018
Purchased Coca-Cola bonds at par = $700,000
sold the bonds on January 3, 2019 = $702,000
On December 31, the bonds had a fair value = $699,000
In 2018:
Fair value is less than the purchase value of bonds on 31st December. Therefore, the loss has to be reported under the other comprehensive income.
Hence, there is no income or loss in the year 2018.
In 2019:
Gain/loss on the sale of bonds:
= Sale value - Purchase value
= $702,000 - $700,000
= $2,000
Therefore, the amount of pretax earnings in the year 2019 is $2,000.