With a recession, classical theorists recommend that government reduce spending and raise taxes if necessary to balance the budget. In classical economic theory, government spending is not a major concern but consumer spending and business investments which they believe will create a long-term solution for the economy.
Answer:
B, The agent should ask the customer to sign a statement acknowledging that he is aware of the change.
Explanation:
Just like in any contract, when there is a change in the details of the contract, it is mandatory that both parties are notified and that there is a document and signature confirming the acknowledgement of the changes.
So also in the case of this policy, the agent has to notify the customer of changes made to his policy and ensure the customer signs an acknowledgement of the change to avoid a breach of contract. When a customer is ignorant of a change to his policy, he can file a lawsuit against his agent and insurer depending on who is at fault.
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Answer
Retained earnings will be overstated by $38.40 million
Explanation:
The overstatement of retained earnings by this amount arises from the fact that if the depreciation of $64 million had been charged, the charge will have been tax deductible at 40% thus the amount overstated if (1-40%) x $64m =$38.4m.
You can use an old soda bottle take off the label and replace it with your own design, how that helps. I have more ideas if you need them
In 1978, the texas constitution was amended (article 8, section 22), so that if the economy of the state shrinks, appropriations have to shrink as well.
<h3>what is texas constitution ?</h3>
The Texas Constitution is the fundamental governing document of Texas, describes the structure and function of the government, it consists of a preamble and 17 articles.
- Article 1 represents Bill of Rights and consists of 34 sections.
- Article 2 represents the Power of Government which provides for the separation of the powers of the government.
- Article 3 represent the Legislative Department, include the legislative power of the state of Texas and consists of the Texas Senate and Texas House of Representatives.
- Article 4 Executive Department and it consists of 26 sections which describes the powers and duties the officials of state's executive.
- Article 5 Judicial Department consists of 32 sections, explains the composition, powers of the Texas Supreme Court, the Court of Criminal Appeals, Justice of the Peace Courts etc.
- Article 6 Suffrage consists of five sections, defines classes of persons are not allowed to vote like minors, persons convicted of a felony etc.
- Article 7 Education consists of 20 sections, provisions for public schools, asylums and universities.
- Article 8 Taxation and Revenue which places various restrictions on the ability of the Legislature and local governments to impose taxes like local property taxes.
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