1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Readme [11.4K]
1 year ago
7

Why was the privatization of public property considered to be a vital task after Texas entered into the Union in 1845

Business
1 answer:
Lesechka [4]1 year ago
8 0

The privatization of public property was a vital task because the state was "land rich but money poor" and there is need to raise funds that could be used for infrastructure purposes such as funding elementary, secondary, higher education etc

<h2>What is privatization?</h2>

Privatization refers to process where a government business, operation,  property becomes a privately-owned property, business etc

In conclusion, the privatization of public property was a vital task because the state was "land rich but money poor" and there is need to raise funds that could be used for infrastructure purposes such as funding elementary, secondary, higher education etc

Read more about Privatization

<em>brainly.com/question/1086126</em>

You might be interested in
Anyone know the answer to this one?
balu736 [363]

it looks to me that the answer could be C

Explanation:

it may be C

8 0
3 years ago
Read 2 more answers
Bram buys a bulldozer from construction equipment corporation, which he leases to earth movers, inc. in this situation, the less
Nina [5.8K]
Bram buys a bulldozer from construction equipment corporation, which he leases to earth movers, inc. in this situation, the lessee is Earth Movers, Inc. <span>A </span>lessee is the person who rents land or property from a lessor. A lessor on the other hand is <span>A </span><span>lessor </span><span>is </span>the party who rents property to another party<span>. Bram is the lessor in this situation.</span>
5 0
2 years ago
Working on a song for someone I used to love
maxonik [38]

Answer: this is awsom do we have to add on or no but this is the best lyiric ever lol

Explanation: great job

6 0
2 years ago
LO 7.3Which is not a section of the cash budget?
Bad White [126]

Answer:

allowance for uncollectible accounts

Explanation:

The cash budget represents the cash inflow and cash outflow position with respect of cash receipts and cash payments i.e cash disbursement plus it also involves financing needs i.e how much amount is to be borrowed

But it does not involve the allowance for uncollectible accounts  as it is not shown in the cash budget because it is shown under the debtors side with the negative amount of the balance sheet

Like

Assets

Current Assets

Account receivable                                             XXXXX

Less: Allowance for uncollectible accounts       XXXXX  

Net account receivable                                      XXXXX

8 0
3 years ago
g On the first day of its fiscal year, Chin Company issued $10,000,000 of five-year, 7% bonds to finance its operations of produ
Elis [28]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

Total Years = 5, semiannually = 5 × 2 = 10

Rate = 7% yearly, semiannually rate = 7 ÷ 2 = 3.5%  

Journal Entries

On Jan 1

Cash A/c           Dr. $9,594,415

Discount on bonds payable A/c        Dr. $405,585

      To Bonds payable A/c          $10,000,000

(Being the issuance of bond payable is recorded)

Discount value of issued bonds = $10,000,000 - $9,594,415 = $405,585

2).

On Jun

Interest expenses A/c             Dr. $390,559

Discount on bonds payable A/c($405,585 ÷10)           Dr.40,559

 To Cash A/c($10,000,0000 × 3.5%)     $350,000

(Being the payment of first semiannual interest is recorded)

3).  

On Dec 31

Interest expenses A/c              Dr. $390,559

Discount on bonds payable A/c($405,585*10/100)     Dr.$40,559

 To Cash A/c($10,000,000*3.5/100)      $350,000

(Being the payment of second semiannual interest is recorded)

b). Bond Interest Expense Amount for First Year

= Interest Expenses + Amortized Discount

= $700,000 + $81,117

= $781,117

Interest expenses = $350,000 + $350,000 = $700,000

Amortized Discount = $40,559 + $40,559 = $81,117

c).The Company issued the bonds at $9,594,415 for the face amount of $10,000,000 because bonds issued at discount for $405,585 as the coupon rate is less than the market interest.  

4 0
3 years ago
Other questions:
  • Why do most markets in the real world fall somewhere between perfect competition and monopoly?
    7·1 answer
  • Kornett Company during its first fiscal year ended December 31, 2016, Journalize the selected transactions, starting on page 21
    14·1 answer
  • In the study of geomorphology, why do we primarily concentrate on processes rather than on distribution patterns by latitude?
    13·1 answer
  • Arbor Corporation had reported the following amounts at December 31, 2014: Sales revenue $184,000: ending inventory $11,600: beg
    6·1 answer
  • Material 1 costs $7 a pound, material 2 costs $5 a pound, and labor costs $15 per hour. Product A sells for $101 a unit, product
    12·1 answer
  • Raising Bulls, Inc., has current assets of $5,100, net fixed assets of $23,800, current liabilities (payables and accruals) of $
    12·1 answer
  • When a product’s components are made in the country that can produce them at a high level of productivity and assemble them in a
    13·1 answer
  • While living in her home country of Tanzania, Sophia Kiwanuka signed an employment contract with Anne Margareth Bakilana, a Tanz
    8·1 answer
  • Why does supply decrease when the price<br> of resources increases?
    8·1 answer
  • An export subsidy will ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall d
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!