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lubasha [3.4K]
3 years ago
12

What is the elastic clause and how does it help the constitution remain relevant?

Business
1 answer:
AnnyKZ [126]3 years ago
7 0
The elastic clause is a section of the constitution of the United States of America that grants Congress the authority and power to pass all laws that are needed to carry out the enumerated list of powers. The elastic clause can be found in article 1, section 8 of the Constitution. This law basically grants congress the power to pass the laws necessary for it to carry out its own functions. <span />
You might be interested in
Green Lumber has total sales of $387,200 on total assets of $429,600, current liabilities-to-sales ratio of 11.62 percent, divid
Harrizon [31]

Answer:

EFN:                    9817.65

Explanation:

EFN = \frac{assets}{sales} \times d/sales \\-\frac{liabilities}{sales} \times d/sales \\- $profit margin x projected sales x (1-d)

Assets 429,600

sales 387200

projected sales 433664

increase in sales 46464

laibilities 33322

profit margin 0.149

dividends 0.416

First part:        51,552.00

Second part:  - 3,998.64

Third part:   <u>   - 3,7735.71  </u>

EFN:                    9817.65

6 0
4 years ago
Bonds can be issued with detachable warrants. When this occurs, how should the cash received at the issuance be accounted for: M
Temka [501]

Answer:

The proceeds from the bond issue are allocated between the bonds and the warrants on the basis of their relative market values.

Explanation:

Bonds are securities issued by the company where investor can invest in such securities and can earn interest.

Warrants are rights which states that on redemption of bonds it shall be converted into company's shares.

When bonds are issued with detachable warrants, that means there is a  basic amount  of bonds and warrants. Also, each shall be accounted separately.

Bond issue of these bonds includes value of bonds that shall be accounted and added to value of bonds, and  the value of warrants shall be accounted in warrants.

5 0
4 years ago
n the​ 1950s, Ford and General Motors established a small​ car-producing industry in Australia and argued for a high tariff on c
Sauron [17]

Answer:

The correct answer would be option B, The infant industry argument.

Explanation:

Ford and General Motors established a small cal producing industry in Australia in 1950s and argued on a high tariffs on car imports. Until 2000 the tariff remained though the years and at 2000 it was 22.5 percent. So Ford and General Motor's argument was most likely the Infant industry argument. Infant industry argument is the series of arguments which states that a small industry should be nurtured just like infants until it reaches the pace that other industries have in the market at the moment. It means that the small new industry should be protected until they can attain similar scale of economies.

7 0
3 years ago
Household behavior with respect to changes in income can be described by the marginal propensity to consume (MPC) and the margin
Citrus2011 [14]

Answer: Greater the MPC

Explanation:

The Marginal Propensity to consume refers to how much Economic consumption increases or decreases due to a change in income.

The formula for MPC is;

= Change in Consumption/Change in Income.

Consumption is a major component of GDP so it has a direct influence on Economic output. In other words, the larger the level of consumption, the higher the higher the output.

As evident from the equation, if the change in consumption is higher than the change in income, the MPC will be larger. A larger MPC therefore corresponds to a higher Consumption.

If a higher Consumption leads to a larger output and a larger MPC corresponds to a higher Consumption then that means that a higher MPC leads to a larger output.

5 0
3 years ago
Daniel, a manager at Joe's Fish Shack, monitors the performance of workers in his department to check if the quality of their wo
pickupchik [31]

Answer:

The correct answer is Controlling.

Explanation:

The control function can be defined as the phase of the administrative process that keeps the organizational activity within tolerable limits, when compared with expectations. These expectations can be set implicitly or explicitly, depending on objectives, plans, procedures or rules and regulations. Just as there is a  hierarchy of plans in a continuum of integration, there are also comparable control procedures, appropriate at different levels.

8 0
3 years ago
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