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harkovskaia [24]
3 years ago
9

Most states impose limitations on the authority of the legislature to borrow money, with their objectives being to protect taxpa

yers and the credit of the state government.
A. to borrow money, with their objectives being to protect.
B. to borrow money, the objectives of which are the protecting of
C. to borrow money, limitations intended to protect.
D. for borrowing money, of which the objective is protecting.
E. for borrowing money, limitations with the intent of protecting.
Business
1 answer:
vekshin13 years ago
8 0

Answer:

C).  to borrow money, limitations intended to protect.

Explanation:

As per the question, the correct statement to replace the underlined phrase would be 'to borrow...to protect' as it is grammatically appropriate and lexically coherent. The first option is incorrect due to the wrong usage of 'being' which disrupts the flow and meaning of the sentence while the second option inaptly employs '-ing' form of the verb('protecting') after the article 'the.'   Options 'D' and 'E' are the wrong due to grammatical errors like unnecessary usage of 'of which' and 'for borrowing.' Thus, <u>option C</u> is the correct answer.

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Morning Smiles Coffee Company manufactures Stoneware French Press coffee makers and sold 8,000 coffee makers during the month of
VladimirAG [237]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales= 8,000 units

Total cost= $612,500.

Selling price= $100.

Selling costs:

commissions equal to 5% of the sales

other selling expense of $45,000.

Administrative expense totaled $47,500

<u>Income statement:</u>

Sales revenue= (8,000*100)= 800,000 100%

COGS= (612,500)  76.56%

Gross profit= 187,500

commissions= 0.05*800,000= (40,000) 5%

other selling expense= (45,000) 5.63%

Administrative expense= (47,500) 5.94%

Net operating income= 55,000 6.87%

3 0
3 years ago
Which of the following is not a legal restriction related to profit distributions by a corporation?
Mamont248 [21]

Answer:

b. The amount distributed in any one year can never exceed the net income reported for that year.

Explanation:

If the companys had 100,000 net income per year during 10 year

His retained earnings amount will be 1,000,000

Then, suppose next year income is also 100,000

The company is not doing anything wrong if it distribute dividends for 400,000 as their retained earnings can afford this dividends

8 0
3 years ago
What could something, such as a reward or bonus, that encourages people to behave in a certain way be called? laissez faire an i
ikadub [295]
The answer is an Incentive
4 0
3 years ago
Read 2 more answers
Stock A is expected to provide a dividend of $13.4 a share forever. Stock B is expected to pay a dividend of $6.7 next year. The
mash [69]

Answer: Stock A is expected to provide a dividend of $13.4 a share forever  which means it is a perpetuity. The market capitalization is 10% which means that 10% is the required rate of return. The formula to find the value of a perpetuity is Cash Flow/Rate

The cash flow is 13.4 and rate is 10% so 13.4/0.1= $134

The present value of Stock A is $134

Stock B is expected to pay a dividend of $6.7 next year and then have a constant growth rate of 6% forever, so we can find what the present value of Stock B will be next year using the DDM method and then discount that value to this year.

1 year from now dividend = 6.7

Growth = 4%

R= 10%

Formula = D*(1+G)/R-G

= 6.7*(1+0.04)/0.1-0.04=116.113

Now we need to discount 116.113 back one year so 116.113/1.1= 105.57

The present value of Stock B is 105.57

For stock C the next year dividend is 6.7 and then for 5 years the growth rate is 20% and then 0 forever so we need to find the value of stock C 6 years from now and then discount it back.

Dividend 1 year from now = 6.7

Dividend 6 years from now= 6.7* (1.2)^5=16.67

Value of stock 6  years from now

D= 16.67

G= 0

R= 10

16.67*(1+0)/(0.1-0)

=166.7174

Now we need to discount back this value 6 years to find the present value of the stock

166.7174/1.10^6

=94.10

The highest present value at a market capitalization of 10% for each stock is of stock A which is $134

Explanation:

3 0
3 years ago
Nominal GDP for the year
Inga [223]

Answer:

Wdym

Explanation:

3 0
3 years ago
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