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3 years ago

The people of Texas authorize the borrowing of money on behalf of government through

Business

1 answer:

Pachacha [2.7K]3 years ago

3 0

Answer:

The people of Texas authorize the borrowing of money on behalf of government through:

Special Elections

Explanation:

The special elections generally are held to fill the vacant seat of member of house of representative in case of death or resignation and are called by the governor.
The special elections in Texas are held to fill the vacant seat of member of house of representative, to give approval for the borrowing of money on the behalf of government and to ratify the amendments occurred in the constitution of the state.

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Suppose a company earns a profit this year and has a dividend payout ratio of one half. What does this mean?

algol [13]

Answer:

Explanation:

The dividend payout ratio is the ratio of dividends paid to shareholders in proportion to net income

Payout ratio = dividends / net income

If dividend payout ratio of one half, it means that only half of net income is paid as dividends

7 0

3 years ago

Mister Plow has contracted to perform snow removal services for the city of Springfield. Record snowfall has more than doubled t

trasher [3.6K]

Answer:

Fixed price contract

Explanation:

A fixed price contract states that price for services rendered is fixed as mentioned in the contract irrespective of time taken and resources used.

Price cannot be revised in case effort and time has increased more than expected. In this case, Mister Plow cannot ask for more money as service contracts are fixed price contracts and terms of contract including price cannot be changed.

7 0

3 years ago

When comparing the GDP of different countries, two issues immediately arise - currency and population differences. How does one

kykrilka [37]

Answer: Currency is converted to common currency, GDP is divide by population and compare GDP per Capita

Explanation:

GDP is measured in a countries currency. When Comparing a GDP of one country to the GDP of another country currency is converted into a common currency. Currency can be converted using exchange rate. the GDP of one country will then be expressed in the currency of another country using the exchange rate.

Some countries have a high number of population than others, for example China has more people than Mexico. therefore measure GDP and The standard of living between countries GDP will need to be divided by population which will give us GDP per capita which measures the standard of living by showing the GDP per person

7 0

3 years ago

George Jefferson established a trust fund that will provide $170,500 per year in scholarships. The trust fund earns an annual re

Dimas [21]

Answer:

$8,119,048

Explanation:

Given that,

Amount of scholarships = $170,500 per year

Trust fund earns an annual rate of return = 2.1 percent

Let x be the amount contribute to the fund and assuming that only income is distributed,

2.1% of x = Amount of scholarships

0.021x = $170,500

x = $170,500 ÷ 0.021

= $8,119,048

Therefore, the amount of money that is contributed by the George Jefferson to the trust is $8,119,048.

4 0

3 years ago

Goyo Industries (a sole proprietorship) sold three § 1231 assets during 2019. Data on these property dispositions are as follows

loris [4]

Answer:

Machine #1 - $7,000, gain

Machine #2 - $3,000, loss

Machine #3 - $2,000, gain

Explanation:

Given;

Machine #1

Asset Cost = $85,000

Acquired Depreciation = $32,000

Sales price = $60,000

From the above information, the book value of machine #1

= $85,000 - $32,000

= $53,000

Gain/(loss) on disposal = $60,000 - $53,000

= $7,000

A gain of $7,000 on disposal.

Machine #2

Asset Cost = $30,000

Acquired Depreciation = $12,000

Sales price = $15,000

From the above information, the book value of machine #2

= $30,000 - $12,000

= $18,000

Gain/(loss) on disposal = $15,000 - $18,000

= ($3,000)

A loss of $3,000 on disposal

Machine #3

Asset Cost = $77,000

Acquired Depreciation = $28,000

Sales price = $51,000

From the above information, the book value of machine #1

= $77,000 - $28,000

= $49,000

Gain/(loss) on disposal = $51,000 - $49,000

= $2,000

A gain of $2,000 on disposal.

4 0

3 years ago