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3 years ago

What agency has the most responsibility for preparing the federal budget?

1 answer:

5 0

The Office of management and budget (OMB) is the agency that is responsible for preparing a budget. When a proposal is prepared by the OMB its then submitted to the Congress by the president. The congress then decides on the overall level on spending and taxation and then passes specific spending bills. Then the president signs the spending bills to law.

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A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities compa

marissa [1.9K]

Answer: True

Explanation: Because the company is the sole supplier of electricity in this market, they have all the market power. Market power is the ability the company has to manipulate the market by influencing prices, the level of supply it provides and thus the demand within that market. Companies within markets such as these are known as "price makers", because they are able to change prices of their goods without losing market share.

Because the public utilities company is the sole provider of electricity within this market, they have no pressure or competition from other suppliers within the market. Therefore they have the market power to freely charge higher prices by limiting the supply of electricity. Or charge lower prices by over supplying electricity to consumers.

7 0

4 years ago

Not all cash a company generates will be returned to the investors. Which of the following will not reduce the amount of capital

aliina [53]

Answer:

C) dividends

Explanation:

Taxes reduce the corporation's income and therefore it also reduces the amount of money returned to investors.

Retained earnings is the amount of net income left after dividends have been distributed and they are used by the corporation to finance new or existing projects. The higher the retained earnings the corporation needs, the lower the dividends it distributes.

3 0

3 years ago

A materials requisition slip showed that direct materials requested were $66,000 and indirect materials requested were $9,000. T

patriot [66]

Work In Process Inventory 66,000

Manufacturing Overhead 9,000

Raw Materials Inventory 75,000

Hope this helps :)

6 0

3 years ago

Which of the following is an inconsistency of using market multiples to determine value? A) Using a market multiple assumes that

VikaD [51]

Answer:

B) Using a market multiple assumes that the target company is mispriced, while comparable companies are correctly priced.

Explanation:

Market Multiple, also known as trading multiples, is used to compare two financial measures, to determine the value of a company. It is another name for Price to Earnings Ratio (also called P/E Ratio).

Using the market multiple approach, investors can determine whether stocks in their portfolios will increase or decrease in price through the next term. Investors may then buy or sell stocks in order to maximize their expected gains calculated.

6 0

3 years ago

Simpleton, Inc. budgeted a material cost of $10 per lb. They ended up purchasing 2,300 lbs at $16 per lb. and using 1,800 lbs fo

Vesna [10]

Answer:

Direct material price variance= $13,800 unfavorable

Explanation:

Giving the following information:

Simpleton, Inc. budgeted a material cost of $10 per lb.

Actual:

2,300 lbs at $16 per lb.

<u>To calculate the direct material price variance, we need to use the following formula:</u>

<u></u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (10 - 16)*2,300

Direct material price variance= $13,800 unfavorable

4 0

4 years ago