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vazorg [7]
3 years ago
11

Which of the following are attributes of California's legislative process for passing state budgets and controlling taxes?

Business
1 answer:
scoray [572]3 years ago
6 0

Answer:

- The state's constitution allows budgets to be passed with a simple majority vote in both the Assembly and the Senate.

- Taxes can only be cut with a two-thirds vote in the Assembly and the Senate.

Explanation:

California's legislative branch is composed of two main bodies, the State Assembly (similar to the House of Representatives) and the State Senate. The legislative branch has the power to enact state laws and make change to existing state laws.

The State Assembly has 80 members who serve for 2 years, while the State Senate has 40 members who serve for 4 years. .

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Suppose the Imperial Galactic Bank has received $1,000 of deposits and all banks face a required reserve ratio of 10 percent. Wh
Bumek [7]

Answer:

Money Multiplier= 1/ reserve ratio = 1/10% = 10

Change in Money Supply = Change in Reserves * Money Multiplier

= 1,000 * 10 = 10,000

So, option d is the correct option.

4 0
3 years ago
When Patey Pontoons issued 10% bonds on January 1, 2021, with a face amount of $640,000, the market yield for bonds of similar r
IRINA_888 [86]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

1) Semiannually Rate of interest = 11% ÷ 2 = 5.50% = 0.055

Number of years (half yearly) = 4 × 2 = 8 years

PVIF Value = 1 ÷ (1 + Interest Rate)^Number of years

=1 ÷ (1 + 0.055)^8

= 1 ÷ 1.5347

= 0.65160

PVIFA Value = [1 -1 ÷ (1 + Interest Rate)^Number of years ÷  Interest Rate

= [1 - 1 ÷ (1 + 0.055)^8]  ÷ 0.055

= [1 - 0.65160] ÷ 0.055

= 6.33457

Particular  PV table value Multiply Amount  ($) PV value

Principle value  0.65160 × 640,000                          $417,024

Annually interest Value 6.33 ×     32,000                          $202,706

($640,000 × 6 ÷ 12 × 10%)  

Present Bond’s Price                                      $619,730

2).  

Journal Entry

On Jan.1,2021

Cash A/c         Dr.  $619,730

Discounts on bond payable A/c      Dr.  $20,270

 To Bond payable A/c         $640,000

(Being bond issued at discount is recorded)

3. The amortizable schedule is presented on the attachment below

4).

Journal Entry

June 30,2021

Interest expense A/c      Dr.  $34,085  

     To Cash A/c         $32,000

     To Discount on bond payable A/c    $2,085  

(Being interest expenses is recorded)  

5) On December 31,2021 Amount of bonds reported = $624,015

6). Interest expenses reported in income statement

= $34,085 + $34,200

= $68,285

7).

Journal Entry

On Dec. 31,2024

Interest expense A/c      Dr.  $35,032

   To Cash A/c         $32,000

   To Discount on bond payable A/c      $3,032

(Being interest expense is recorded)

On Dec.31,2024

Bond payable A/c       Dr.  $640,000

  To Cash A/c        $640,000

(Being interest expense is recorded)

5 0
3 years ago
Deciding how to use computers to improve business processes is the most important strategic decision a firm can make.a. Trueb. F
Harman [31]

Answer:

a

Explanation:

computers make work easy and faster

4 0
1 year ago
For more than a century, Americans moved from rural to metropolitan areas. Then in the 1950s, Americans made a mass exit from th
Charra [1.4K]

Answer:

economic dimension

Explanation:

Based on the information provided within the question it seems that this trend affects the location of many businesses and is part of the economic dimension in which they operate. This can be said because economic dimension refers to all the economic outputs that occur because of a certain event. In this scenario the back and forth of people moving to or from the suburbs causes business to either increase or decrease in value because of the amount of people that are around to buy from their stores. Therefore it greatly affects the businesses economy.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
What impact did these programs have on the people you met on the virtual field trip?
Darya [45]
Wassup wryd and more information plz
7 0
3 years ago
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