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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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Describe the use of a credit card vs a debit card.

liubo4ka [24]

Explanation:

The Fair Debt Collection Practices act protects the credit card users from the deceptive or incorrect practices when debt is collected.

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3 years ago

Company X has 2 million shares of common stock outstanding with a book value of $2 per share. The stock trades for $3 per share.

gladu [14]

Answer:

23.08%

Explanation:

The computation of the debt ratio is shown below:

Debt amount

= 2 million × 0.90

= 1.80 million

And,

Equity amount

= 2 million × 3

= 6 million

Now

debt ratio = debt amount ÷ (amount of debt + amount of equity)

= 1.80 million ÷ ( 6 million + 1.80 million)

= 23.08%

4 0

3 years ago

Adam Smith used the “invisible hand” as a metaphor for the forces that balance a free market. What might be a good metaphor for

7nadin3 [17]

In economics, the invisible hand is a metaphor used by Adam Smith to describe ... Smith may have come up with the two meanings of the phrase from Richard Cantillon ... In this work, however, the idea of the market is not discussed, and the word ... In alternative models, forces which were nascent during Smith's life, such as ... and ....

5 0

3 years ago

Abba, Inc. is considering dropping a product line. During the prior year, the line had sales of $207,000 and a contribution marg

damaskus [11]

Answer:

Overall net income will decrease by $34,000.

Explanation:

Calculation to determine net operating income

Using this formula formula

Net operating income=Contribution margin -Avoidable costs

Where,

Contribution margin =$124,000

Avoidable costs= Salaries $60,000

+Advertising $20,000+Administrative expenses $10,000

Let plug in the formula

Net operating income=$124,000-($60,000+$20,000+$10,000)

Net operating income=$124,000-$90,000

Net operating income=$34,000 Decrease

Therefore If this product line is dropped overall net operating income will:decrease by $34,000

8 0

3 years ago

You have 40 years left until retirement and want to retire with $5 million. Your salary is paid annually, and you will receive $

Marat540 [252]

Answer:

16.67%

Explanation:

Calculation to determine what percentage of your salary must you save each year

First step is to calculate the Annual savings

Annual savings=$5 million*[(10%-3%)/(1+0.1)^40-(1+0.03)^40]

Annual savings=$5 million*0.07/(1.1^40-1.03^40)

Annual savings=$8333.88

Now let determine the percentage of the salary you must save each year

Proportion of savings=$8333.88/$50,000

Proportion of savings=0.1667*100

Proportion of savings=16.67%

Therefore the percentage of your salary that you must save each year is 16.67%

5 0

3 years ago