Any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.
<h3>What does Texas Constitution require a balanced budget?</h3>
- Texas always keeps its budget balanced because the State Constitution demands it. The Texas state and local sales taxes exceed 10% of the individual transaction price. The primary operating fund for Texas is the General Revenue Dedicated Fund.
- A constitutional amendment known as the "balanced budget amendment" would restrict government spending to the amount of revenue it receives. Spending would need to be under control by the federal government.
An amendment to the texas constitution requires a balanced budget. This means that any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.
According to a balanced budget, a government should not spend more than its income. Thus projected incomes and expenditures should be equal.
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Answer:
times interest earned= 9.49
Explanation:
Giving the following information:
Ron Landscaping's income statement reports net income of $75,200, which includes deductions for interest expense of $13,200 and income taxes of $36,900.
First, we need to calculate the income before taxes and interest expense:
EBIT= 75,200 + 13,200 + 36,900= $125,300
Now, to calculate the times interest earned we need to use the following formula:
times interest earned= EBIT/ interest expense= 125,300/13,200= 9.49
Answer:
C $1,918
Explanation:
Calculation to determine what Capital Fund this day will pay
Using this formula
Capital fund=Capital Offering price*Number of shares
Let plug in the formula
Capital fund=$9.59 per share x 200 shares
Capital fund=$1,918.00
Therefore Capital Fund this day will pay:$1,918.00
Answer:
The gross profit margin is B. 31.5%.
Explanation:
The gross profit is the profit earned by a company from trading and is also known as the trading profit. It is the difference between the Net sales revenue and the cost of goods sold. This profit does not take into account any other expenses either operating or non operating except for the cost of goods sold.
The net sales revenue = Gross sales revenue - Sales returns and allowances - sales discounts
Net sales revenue = 160000 - 19000 - 11000 = 130000
The cost of goods sold are $89000
The gross profit = 130000 - 89000 = $41000
The gross profit percentage = (Gross profit / net sales) * 100
Gross profit margin = (41000 / 130000) * 100 = 31.5%
