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3 years ago

In a republic, elected officials create

2 answers:

8 0

Today, we celebrate the 224th anniversary of the signing of the United States Constitution (September 17 falls out over the weekend this year). On this day, it is imperative that we reflect on the importance of our constitution and celebrate the roots of our founding. As our nation comes under attack from the forces of tyranny within, we must reaffirm our commitment to the ideals of our founders and founding documents.

Most people often mistakenly refer to our nation as the greatest democracy on earth. They are mistaken because we are not an absolute democracy; we are a constitutional republic. That is what makes our nation great, for if we were merely a democracy, we would be anything but great. And to the extent that we no longer function as a constitutional republic, that greatness is rapidly ebbing away.

s2008m [1.1K]3 years ago

6 0

They make laws to regulate the economy. Hope this helps :)

You might be interested in

What is the effect on market when suppliers under invest in their businesses

yanalaym [24]

Answer:

Low supply
Scarcity
Low economic growth

Explanation:

When suppliers under invest in their business, they will end up having the capacity to only produce less than the market requires. Should this happen, supply will be reduced in the market which would lead to relative scarcity all else being equal.

For economic growth to happen, there must be increasing production in an economy so if suppliers are under investing and production is low, there might be low or no economic growth.

8 0

2 years ago

Total assets of Charter Company equal $700,000 and its equity is $420,000. What is the amount of its liabilities? b. Total asset

guajiro [1.7K]

Answer:

a. Total liabilities = $280,000

b. Total liabilities = $250,000

Total equity -= $250,000

Explanation:

As we know that

Total assets = Total liabilities + shareholder equity

So in the first case

The amount of the liabilities is

Total liabilities = Total assets - Total equity

= $700,000 - $420,000

= $280,000

And, in the second case, the total assets is $500,000

And, the liabilities and equity amounts are equal to each other

So in this case, the liabilities is $250,000 and the equity is $250,000

3 0

3 years ago

The stockholders’ equity accounts of Martinez Company have the following balances on December 31, 2017. Common stock, $10 par, 3

lord [1]

Answer:

retained earnings 577,200 debit

stock dividends payable 577,200 credit

--to record declared stock dividends--

stock dividends payable 577,200 debit

common stock 156,000 credit

additional paid-in 421,600 credit

--issued stock dividends--

retained earnings 11,544,000 debit

stock dividends payable 11,544,000 credit

--to record declared stock dividends--

stock dividends payable 11,544,000 debit

common stock 3,120,000 credit

additional paid-in 8,424,000 credit

--issued stock dividends--

A 2-for-1 stock split NO ENTRY

Explanation:

Stock dividends of 5%

Shares outstanding 312,000 x 5% x $37 market price

15,600 new shares x $ 37 per share = $ 577,200

First we declare the dividend payable, then we write-off the payable and increase equity.

Common stock for the face value and additional paid-in for the difference:

15,600 x 10 = 156,000

577,200 - 156,000 = 421,600

Stock Dividends of 100%

312,000 x 100% x 37 = 11,544,000

same entries as before but, with difference number

face value 312,000 x 10 = 3,120,000

additional paid-in 8,424,000

A 2-for-1 stock split

No entry is required as the company will have double shares but with halft the value each. It will not effect the total market capitalization.

6 0

3 years ago

In the Excel, or spreadsheet, approach to recording financial transactions, if manufacturing overhead is underapplied by X dolla

Tatiana [17]

Answer:

False.

Explanation:

To close the underapplied Manufacturing Overhead account requires that the Cost of Goods Sold is debited, say with $100 while the Manufacturing Overhead account is credited with the same amount. Underapplied Manufacturing Overhead account means that a debit balance is left after applying the overhead to production. To close this debit, therefore, a credit entry is required to the manufacturing overhead account. The corresponding debit entry goes to the Cost of Goods Sold, or this may be apportioned among Cost of Goods Sold, Finished Goods Inventory, and Work-in-Process, as may be the case.

5 0

3 years ago

Increasing opportunity costs of producing goods imply that the production possibilities curve will be?

Artyom0805 [142]

Increasing opportunity costs of producing goods imply that the production possibilities curve will be bowed outward. In a recent Page One Economics: Money and Missed Opportunities, senior economic education specialist Andrea Caceres-Santamaria explains that opportunity cost is the value of the next-best alternative .

when a decision is made; it is what is forfeited. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs. A company owner wants to increase the number of production available. The potential worth of that money being spent somewhere else or saved for the future is known as the opportunity cost.

To learn more about opportunity cost, click here.

brainly.com/question/13036997

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6 0

1 year ago