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3 years ago

In texas, the second 30 days of the legislative session are mainly reserved for

1 answer:

5 0

In Texas, the second 30 days of the legislative session are mainly reserved for the committee consideration of the bills and resolutions. Hence, the Texas Constitution limits the duration of each special session to 30 days. Lawmakers may consider only those issues designated by the governor I his call or proclamation to come together in the special session.

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Mike Derr and Mark Finger form a partnership by combining assets of their separate businesses. The following balance sheet is fr

larisa86 [58]

Answer and Explanation:

According to the scenario, journal entry for the given data are as follows:

Cash A/c Dr. $1,000

Supplies A/c Dr. $3,000

Land A/c Dr. $8,000

Equipment A/c Dr. $5,000

To A/c Payable A/c $4,500

To Notes payable A/c $3,100

To M. Derr capital A/c $9,400 ($1000+$3000+$8000+$5000-$4500-$3100)

(Being Derr's investment is recorded)

3 0

2 years ago

Al simmons, the curator and larry marder, the president of the mcfarlane companies describe todd mcfarlane as being both artisti

slava [35]

A SWOT analysis will identify Mcfarlane as a STRENGTH.
SWOT analysis refers to a study that is usually undertaken by companies in order to identify its internal strengths and weaknesses as well as its external opportunities and threats. In the question given above, Mcfarlane is a strength to his company because his efforts are beneficial to the company.

8 0

2 years ago

The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end,

nydimaria [60]

Answer: $186,000

Explanation:

January is the 2nd month from November which means that all of November's $31,000 will be collected in January.

January is the first month after December so 30% of December sales should be collected in January. 50% has already been collected in December and this left $50,000.

Total credit sales in December must have been:

= 50,000 / 50%

= $100,000

Amount to be collected in January for December:

= 100,000 * 30%

= $30,000

Amount to be collected from January credit sales:

= 50% * 150,000

= $75,000

January cash sales = $50,000

Total cash in January :

= 31,000 + 30,000 + 75,000 + 50,000

= $186,000

4 0

2 years ago

Betram Chemicals Company processes a number of chemical compounds used in producing industrial cleaning products. One compound i

Dmitry [639]

Answer:

Betram Chemicals Company

1. Relevant benefits and costs for each alternative:

Sale at split-off Sale after

further processing

Revenue $129,420 $238,620

Joint Costs 73,000 73,000

Cost for further processing - 42,000

Gross profit $56,420 $123,620

Additional profit $0 $67,200

2. Further processing of Anderine is more cost-effective by $67,200.

3. Further processing of Anderine is still better by $60,760.

Explanation:

a) Data and Calculations:

Anderine Dofinol Cermine Total Costs

Gallons 5,600 7,600 $73,000 $73,000

Selling price per gal. $13.00 $7.45

Sales revenue $72,800 $56,620 $129,420

Gross profit $56,420

Further processing $42,000

Total costs of production $115,000 $115,000

Output (5,600) 7,600 2,800

Selling price per gallon $7.45 $65

Sales revenue $56,620 $182,000 $238,620

Gross profit $123,620

Profit from further processing:

Gross profit with further processing $123,620

Gross profit before further processing 56,420

Additional profit $67,200

1. Relevant benefits and costs for each alternative:

Sale at split-off Sale after

further processing

Revenue $129,420 $238,620

Joint Costs 73,000 73,000

Cost for further processing - 42,000

Gross profit $56,420 $123,620

Additional profit $0 $67,200 ($123,620 - $56,420)

What if:

Purchasing order cost (5,600/500 * 20 * $10) = $2,240

Quality inspection cost (5,600/500 * 15 * $25) = $4,200

Additional costs = $6,440

Reduced additional profit = $60,760 ($67,200 - $6,440)

4 0

2 years ago

A unit tax of $1 has been levied on a good. The equilibrium price of the good will most likely A. remain unchanged. B. decrease

sashaice [31]

Answer: The equilibrium price is most likely to "DECREASE BY $1". Option c is the most correct option.

Explanation: A unit tax of $1 is the tax on the sales of the unit. In a supply demand curve, an increase in the sales tax will cause the curve to shift inwardly, thereby showing a decrease in the equilibrium price of the curve.

Equilibrium price is the point where the amount suppllied is equal to the consumers demand at a stable price.

For $1 unit tax to be levied on the goods, it will increase the price of the goods by $1, which will reduce supply by $1, therefore the equilibrium price will decrease by $1 to adjust itself on the new changes.

3 0

3 years ago

Read 2 more answers