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3 years ago

What is the purpose of a continuing resolution?

Business

1 answer:

tangare [24]3 years ago

6 0

Answer:

to set federal government spending at the same level as the year before

Explanation:

Generally a continuing resolution is passed by Congress if the national budget is not yet approved or agreed upon. The budget must be approved every year with an appropriations law, but sometimes the process is delayed. Then Congress generally passes a continuing resolution to make sure that federal agencies' budgets will not be affected, and that they can continue to operate with the same budget as the previous year until the current year's budget is approved.

If Congress didn't pass the continuous resolution, the government agencies would not be able to function because they lack funds.

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Future Motors is expected to pay a $3.30 a share annual dividend next year. Dividends are expected to increase by 3.75 percent a

Alborosie

Answer:

One share of this stock worth to you today is $18.08

Explanation:

According to the question, we have the following data:

D1 = $3.30

g = 0.0375

Ke = 0.22

one share of this stock worth to you today = P0

Hence to calculate the P0 we have to use the following formula:

Ke = D1/P0 + g

0.22 = 3.3/P0 + 0.0375

P0 = $18.08

One share of this stock worth to you today is $18.08

3 0

2 years ago

Cullumber Corp. paid a dividend of $2.44 yesterday. The company’s dividend is expected to grow at a steady rate of 5 percent for

Y_Kistochka [10]

Answer:

The market price is $12.81 per share.

Explanation:

The price of the stock today can be calculated using the constant growth model of DDM as the dividends are expected to grow at a constant rate. The formula to calculate the price of the stock under constant growth model is,

P0 = D1 / r-g

Where,

D1 is the Dividend for the next period or D0 * (1+g)
r is the required rate of return
g is the growth rate in dividends

P0 = 2.44 * (1+0.05) / (0.25 - 0.05)

P0 = $12.81

8 0

3 years ago

Read 2 more answers

Pumpkin Inc. sold $500 in pumpkins to a customer on account on January 1. On January 11 Pumpkin collected the cash from that cus

Dennis_Churaev [7]

A no net effect to the accounting equation

6 0

2 years ago

Other data not yet recorded at December 31 include Insurance expired during the current year, $6. Wages payable, $4. Depreciatio

galina1969 [7]

Answer:

Using the adjusted balances, give the closing entry for the current year.

Explanation:

Db Insurance expense 6000

Cr Prepaid expenses 6000

Db Wages payable 4000

Cr Cash 4000

Db Depreciation expense 9000

Cr Accumulate depreciation 9000

Db Income tax expense 7000

Cr Tax payable 7000

3 0

2 years ago

Read 2 more answers

In a leveraged buyout, the managers of a firm, its employees, or other investors: obtain the assets of the company through bankr

erik [133]

Answer:

borrow funds to buy out the firm's stockholders.

Explanation:

A leveraged buyout is when the managers of a firm, its employees, or other investors use debts or borrowed finds to acquire a company.

I hope my answer helps you

4 0

2 years ago