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3 years ago

The Texas Constitution mandates that money spent on debt service cannot exceed more than what percentage of state revenue

Business

1 answer:

liubo4ka [24]3 years ago

6 0

Answer:

5 percent

Explanation:

The Texas Constitution mandates that money spent on debt service cannot exceed more than 5 percent. When the state of Texas was established, Texas had very little debt. So, as a result, the Constitution was created and it states that it can not exceed 5%. Therefore, the answer is 5 percent.

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By tying the salaries of top corporate managers to the price of the corporation's stock, corporations hope to avoid:

Serjik [45]

Answer:

the principal-agent problem

Explanation:

In the case when there is a tied of the top corporate managers salary with the price of the corporation stock so here the corporation should avoid the principal agent problem as it deals with the conflict with respect to the priorities that lies between the person and the representative.

So the above should be the answer

4 0

3 years ago

If the seller dies before you accept the offer, the contract is unenforceable under the defense of impossibility. False True

Elodia [21]

Answer:

of the seller dies before you accept the offer, the contract is unenforceable under the defense of impossibility is true

5 0

3 years ago

The problem with adopting a normal profit pricing policy for a natural monopoly is that _____.

uysha [10]

Answer:

The correct answer is D

Explanation:

Normal profit also called as the fair return, which means staying in the business without subsidy, higher social welfare, price exceeds the marginal costs and there is no reason for the monopolist to the cut the costs.

Thus, the general problem with adopting or acquire the normal normal profit pricing for the natural monopoly, is that it is not efficiently allocative.

Allocative efficiency states a situation or a condition in which the output of every product is such that that marginal cost and the market price are equal or vice- versa.

5 0

3 years ago

The standard quantity per unit defines the ________. price that should be paid for each unit of direct materials. total cost of

Vsevolod [243]

Answer:

<u>amount of direct materials</u> that should be used<u> for each unit </u>of finished product including an allowance for normal inefficiencies, such as scrap and spoilage.

Explanation:

the first statement refers to price

and the third to labor

direct Labor hours per unit is called efficiency rate. it is a labor measurement.

stabdard quantity: pounds, liters or units of raw materials including waste to get 1 finished product

6 0

3 years ago

Granfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $42,

snow_tiger [21]

Answer:

The impact on Granfield's operating income = 277,700 decrease

Explanation:

If the backpack division is eliminated, the following effect will occur on the company's processes:

loss of sales from backpack division (Revenue lost)= $973,300

Variable cost to be eliminated = $482,000

Fixed cost to be eliminated = 40% of 534,000 = 40/100 × 534,000

= 0.4 × 534,000 = $213,600

Total cost eliminated ( Revenue gained) = variable cost + fixed cost

Total cost eliminated ( Revenue gained) = 482,000 + 213,600 = $695,600

Therefore, collective impact on the company is calculated as follows:

Revenue lost - Revenue gained = 973,300 - 659,600 = $277,700

Therefore, since a net revenue lost = $277,700, it means that the operating income will decrease by $277,700.

3 0

3 years ago