The given statement " Texas ranks in terms of state spending per capita and it ranks in terms of how much money it gets from the federal government " is TRUE
Explanation:
In 2007, the State spending per capita, fiscal 2007, ranked Texas among 50 States in per capita policy (expenditures) revenue.
i. $ 3,831.00B/2007
Texas is the 43rd largest state and federal government on total per capita general spending.
Texas has been a low-cost country for a long time, often to the exclusion of the most needed services. Public education as well as health care and human services are the two biggest areas of government spending, collectively accounting for over half of all all-funds and general income budgets. Nonetheless, Texas has a low level of spending per pupil and per patient in the field of health care.
Answer:
$788.35
Explanation:
For computing the fair present value we need to apply the present value formula which is to be shown in the attachment below:
Given that,
Future value = $1,000
Rate of interest = 14% ÷ 4 = 3.5%
NPER = 4 years × 4 = 16 years
PMT = $1,000 × 7% ÷ 4 = $17.5
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the formula, the fair present value is $788.35
Government to invest in technology and education, and to provide goods and services for the benefit of the American people. The government affect the business cycle Use of fiscal policy increased government spending and/or tax cuts is the most common way of boosting aggregate demand, causing an economic expansion.
Answer:
$47,200
Explanation:
For computing the budgeted purchase, first we have to determine the purchase unit which is shown below:
= Sale units + ending inventory units - beginning inventory units
where,
Sale units are 1,300 units
Ending inventory units = 900 units × 30% = 270 units
Beginning inventory units = 1,300 × 30% = 390 units
Now put these units to the above formula
So, the units would equal to
= 1,300 units + 270 units - 390 units
= 1,180 units
Now the budgeted purchase would be
= 1,180 units × $40
= $47,200
Answer:
5.52%
Explanation:
Cost of Furniture= $150,000
discount= 5.25% (120-day note)
To get the exporter's true effective annual financing cost, we have:
![150,000*[1-(0.0525*120/360)] = 147,375](https://tex.z-dn.net/?f=%20150%2C000%2A%5B1-%280.0525%2A120%2F360%29%5D%20%3D%20147%2C375%20)
=(150,000/147,375) 365/120-1 = 5.52%
Therefore, the exporter's true effective annual financing cost is 5.52%
