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Serggg [28]
3 years ago
5

What happens if money needs to be transferred from one agency to another and the legislature is not in session to authorize this

transfer?
Business
1 answer:
kvv77 [185]3 years ago
3 0

Answer:

The legislature budget board and the governor are authorize to transfer money from one agency to other.

Explanation:

Given:

Money needs to be transferred from 1 agency to other when legislature is not in session:

Solution:

When Legislature is not in session, the legislature budget board and the governor are authorize to transfer the money from one agency to other during emergencies.

You might be interested in
Which action would most likely cause the equal employment opportunity commission to intervene?
Alenkasestr [34]
Answer;
The action that would most likely cause the Equal employment opportunity commission to intervene; 
- A company posts an ad looking to hire a male computer programmer. 

Explanation; 
Equal employment opportunity entails the provision of equal opportunity for employment and advancement within a company or an organization to all individuals, including those that fall under the protected classes. The protected classes include, race, color, age, national origin, disability, reprisal and sex.  
6 0
4 years ago
Read 2 more answers
On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On J
Nataly [62]

<em>1. When is Ensor’s stock option measurement date?</em>

<u>Answer:</u> The stock option measurement date is on January 1st, 2021

<u>Explanation:</u>

- The measurement date of the stock option is the day it is granted with information about:

+) number of share each individual staff receives

+) the price of the option

It was indicated in the question: "On January 1, 2021, 26 million stock options were granted"

=> <em>The measurement date is January 1, 2021 with the amount of 26 millions stock options were granted. </em>

<em>2. Determine the compensation expense for the stock option plan in 2021. (Ignore taxes.)</em>

<u>Answer:</u> Compensation expense is $52 million

<u>Explanation:</u>

The fair value per stock option is 6$ per option.

=> Total compensation expense for 26 million options would be: 6 x 26 million = $156 million

As the options are exercisable between 01/01/2024 and 31/12/2016

=> The vesting period is 3 years from 01/01/2021 to 31/12/2023

=> The compensation expense for the stock option plan in 2021 is calculated as following:

<em>Compensation expense year 2021 = Total compensation expense/  Vesting period =  156 million / 3 = $52 million</em>

<em>3. Prepare the journal entries to reflect the effect of forfeiture of the stock options on Ensor’s financial statements for 2022 and 2023.</em>

<u>Answer & Explanation:</u>

2.6 million (10%) of the options were forfeited

=> The remaining percentage represent the unforfeited = 100% - 10% = 90%

  • <em>In 2022</em>

As 2022 is the second year of the vesting period:

The compensation expense of 2022 = (Total compensation expense * 90% * The order of period/ Number of period) - Compensation expense Year 2021

= $156 million × 90% × 2/3 - $52 million = $41.6 million

2022                                                  Debit                                  Credit

Compensation expense               41.6 million

Paid-in-capital-stock options                                                   41.6 million

  • <em>In 2023</em>

As 2023 is the third year of the vesting period:

The compensation expense of 2023 = (Total compensation expense * 90% * The order of period/ Number of period) - Compensation expense Year 2021  - Compensation expense of 2022

= $156 million × 90% × 3/3 - $52 million - $41.6 million = $46.8 million

2023                                                  Debit                                  Credit

Compensation expense             46.8 million

Paid-in-capital-stock options                                                   46.8 million

<em>5. Prepare the journal entry to account for the exercise of the options in 2025.</em>

<u>Answer & explanation:</u>

The number of shares exercised = 26 million - 2.6 million = 23.4 million

It is given that the stock options are exercisable between January 1, 2024, and December 31, 2026 at 80% of the quoted market price on January 1, 2021, which was $20.

The exercise price of the stock = $20 × 80% = $16

Cash = Amount paid for shares = Exercise price × Number of options exercise = 16 × 23.4 million = 374.4 million

The paid-in-capital Stock option = 23.4 million x 6 = 140.4 million

Common stock (23.4 million at $1 par per share) = 23.4 million

=> Pain in capital - excess of par =  491.4 million

Journal entry:

General Journal                              Debit                    Credit

Cash                                           374.4 million

Paid-in-capital - Stock option    140.4 million

Common stock                                                           23.4 million

Paid in capital - excess of par                                  491.4 million

5 0
3 years ago
A bank agrees to lend via simple loan $100 today to Thomas. The agreement is based on that the yearly interest rate is 15%. If T
Ede4ka [16]

Answer:

$404,55 (cumulative) or $250 (american)

Explanation:

This explanation considers a cumulative interest rate in the simplest way. And american amortization system. Consider that there is also French and German systems which works differently depending on the way the loan reimbursed

Cummulative Interest Rate:

Consider this:

If Thomas had to return it in one year he would have to return $115 ($100+15%) which is equal to 100*(1+0.15)

Now, at the begining of the second year, his debt is $115, and at the end its $115+15% = 132,25.  Which is equal 100*(1+0.15)*(1+0.15), this is equivalent to 100*(1+0.15)^{2}

The general formula for cummulative interest is C(1+i)^{n}

Where

C = is the loan amount [in this case: 100]

i = is the interest rate [in this case: 0.15]

n = is the number of periods until [in this case: 10]

American System

The american system is quite straight forward:

Thomas should pay $15 every year for 10 years, and with the last payment he should pay $115.

This is because in this system Thomas returns the capital (the amount of the loan) at the end; and each year he only pays the interest .

$15*10 + $100 = $250

7 0
3 years ago
To create the best design concept for your client, it is generally best to only consider the culture in which the interior desig
Komok [63]

I say false because you would need to know what they like or dislike

3 0
4 years ago
Kelly Company experienced the following events during its first accounting period. (1) Issued common stock for $10,000 cash. (2)
dusya [7]

Answer:

Pedagogical analysis is selection of appropriate objectives and strategies in various instructional situations to access the level of actual teaching at the end. A comprehensive vision of required tasks, strategies for realization of specific goals facilitates effective teaching.

sorry I d k

6 0
3 years ago
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