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Svetradugi [14.3K]
3 years ago
13

Congress passed a law imposing penalties for displaying "indecent" material online where children could see it. If the U.S. Supr

eme Court subsequently rules that the law conflicts with the First Amendment of the U.S. Constitution, the statute is void.1. True2. False
Business
1 answer:
ratelena [41]3 years ago
6 0

Answer:

1) True

Explanation:

The checks and balances system allows every one of the government branches a say on new laws. First of all, Congress makes and passes laws. Second, the President can veto any law, and Congress needs two-thirds votes on both houses to overrun the presidential veto. Third, the Supreme Court decides if the law is constitutional or not, if it decides that the law is unconstitutional, it is eliminated completely or partially depending on the ruling.

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On July 1, Arcola Company purchases equipment for $330,000. The equipment has an estimated useful life of 10 years and expected
Artyom0805 [142]

Answer:

a. $29,000

b. $214,000

c. Yes

Explanation:

a. Annual Depreciation expense:

= (Cost - salvage value)/ Useful life

= (330,000 - 40,000) / 10,000

= $29,000

b. Net book value at end of 4th year:

= Cost - 4 year depreciation

= 330,000 - (4 * 29,000)

= $214,000

c. One test to see if equipment is not impaired is that the Expected Undiscounted cashflows need to be higher than the net book value. This is not the case here as the Net Book value of $214,000 is higher than the expected Undiscounted cash inflows of $185,000. Equipment is therefore impaired.

4 0
2 years ago
At the end of 2018, the federal government debt of the U.S. stood at 104% of GDP. Imagine that, unlike in previous years, from 2
Naddik [55]

Answer:

The U.S. federal debt as a fraction of GDP in year 2050 will be 77%

Explanation:

According to the given data we have the following:

Debt in the end of 2018 = 104% of GDP

Nominal GDP growth = 3%

Interest on debt = 2%

In order to calculate What will be the U.S. federal debt as a fraction of GDP in year 2050 first we have to calculate the debt in 2050 using the following formula:

Debt in 2050 = Current Debt*(1+r%)n

Debt in 2050 = 104*1.0232 = 196

Next, we would have to calculate the GDP in 2050 using the following formula:

GDP in 2050 = Current GDP*(1+r%)n

GDP in 2050 = 100*1.0332 = 257.5

Therefore, Debt as percentage of GDP in 2050 = 196/ 257 = 77%

8 0
2 years ago
To take advantage of an arbitrage opportunity, an investor would 1) construct a zero-investment portfolio that will yield a sure
Alex_Xolod [135]

Answer:

Both statements I and III are correct.

Explanation:

<u>1.Construct a zero investment portfolio that will yield a sure profit </u>

<u> </u>

<u>3.Make simultaneous trades in two markets without any net investments</u>

7 0
3 years ago
Which is NOT an advantage of a mutual fund?
denpristay [2]

Answer:

I think D. If I'm wrong I'm sorry

7 0
3 years ago
Which of the following statements is true? a. The production budget is not converted into dollars. b. The sales budget includes
Svetllana [295]

Answer:

e. All of these choices are correct.

Explanation:

Note:

Statement a. about production budget is correct as the production budget only estimates number of units to be produced, in quantity and not in dollars and therefore is not converted into dollars.

Statement b. about sales budget is also correct as it shows the quantity in units and also in value.

Statement c. about overhead budget is also correct as the budget segregates variable and fixed overheads properly.

Statement d. about labor budget is correct, as in this budget an average rate is used for calculating the expenses.

Therefore all of the above is correct.

8 0
3 years ago
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