In 1978, the texas constitution was amended (article 8, section 22), so that if the economy of the state shrinks, appropriations have to shrink as well.
<h3>what is texas constitution ?</h3>
The Texas Constitution is the fundamental governing document of Texas, describes the structure and function of the government, it consists of a preamble and 17 articles.
- Article 1 represents Bill of Rights and consists of 34 sections.
- Article 2 represents the Power of Government which provides for the separation of the powers of the government.
- Article 3 represent the Legislative Department, include the legislative power of the state of Texas and consists of the Texas Senate and Texas House of Representatives.
- Article 4 Executive Department and it consists of 26 sections which describes the powers and duties the officials of state's executive.
- Article 5 Judicial Department consists of 32 sections, explains the composition, powers of the Texas Supreme Court, the Court of Criminal Appeals, Justice of the Peace Courts etc.
- Article 6 Suffrage consists of five sections, defines classes of persons are not allowed to vote like minors, persons convicted of a felony etc.
- Article 7 Education consists of 20 sections, provisions for public schools, asylums and universities.
- Article 8 Taxation and Revenue which places various restrictions on the ability of the Legislature and local governments to impose taxes like local property taxes.
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Answer: $251758.53
Explanation:
Based on the information given in the question,
Total lease liability = $280,000
Then, the balance in the lease payable account when the first lease payment takes place on January 1, 2021 will be:
= $280,000 - $16,427
= $263573
The, the interest that is included in the lease payment that's made on April 1, 2021 Will be:
= $263573 x 7% x 1/4
= $4612.53
Then, the principal amount that's included in the lease payment made on April 1, 2021 will be:
= $16,427 - $4612.53
= $11814.47
Therefore, the balance in the lease payable account after the April 1, 2021, lease payment will be:
= $263573 - $11814.47
= $251758.53
Answer:
The correct answer is Intranet.
Explanation:
An Intranet is a digital platform whose objective is to assist workers in generating value for the company, making available assets such as content, files, business processes and tools; facilitating collaboration and communication between people and teams.
Answer:
ROA = 6.6%
ROE 14.52%
Explanation:
profit margin = net income / sale = 12%
assets turn over = sales / assets = 0.55
equity mutiplier = assets / equity = 2.2
ROE = return on equity = net income / equity
ROA = return on equity = net income / assets
we use the fraction properties to get ROE and ROA
ROA = 6.6%
We apply the same property to get ROE
ROE = 14.52%
Answer:
A. slopes upward for normal goods and downward for inferior goods.
Explanation:
In the case of Engle curve it plots the relationship between income and demand for a good.
In the case of the normal goods, as the income rises the demand also rises while on the other hand in the case of inferior goods, the income rises the demand false
So it sloped upward for the normal goods and slop downwards for the inferior goods
