Answer:
RM23,617.80
Explanation:
cost of the painting RM99,800
she has RM12,650 on her bank account and she will use 70% = RM8,855 as down payment. She will borrow the rest = RM99,800 - RM8,855 = RM90,945
interest charged on the loan 4.77% / 12 = 0.3975%
120 monthly periods (10 years)
using the present value formula to determine the monthly payment:
PV = monthly payment x annuity factor
monthly payment = PV / annuity factor
PV = 90,945
annuity factor (120 periods, 0.3975%) = 95.26168
monthly payment = 90,945 / 95.26168 = 954.69
total payments = 120 x 954.69 = RM114,562.80
interests paid = RM114,562.80 - RM90,945 = RM23,617.80
A group of elderly men, whose government disability benefits are the sole source of income, is approached to consider an experimental research study for their current colon cancer. The study involves more than minimal risk, but offers substantial financial incentives that are equal to two months of disability benefits. The IRB will be most concerned about the possibility of:
Answer:
Undue influence on the subjects
Explanation:
An institutional Review Board (IRB) can be said to be a type of committee that uses research ethics by reviewing the procedures (methods) to be used (proposed) for research a studies to ensure that they are ethical.
According to federal regulations of expedited review of a new, proposed study can only be used by the IRB if only the study involves no more than minimal risk and meets one of the allowable categories of expedited review specified in federal regulations. Usually, being involved in the research studies is voluntary, but if you choose to take part, you waive the right to legal redress for any research-related injuries. IRB will be most concerned about the possibility of Undue influence on the subjects is critical to the research studies.
The Drogon Co. just issued a dividend of $3.05 per share on its common stock. The company is expected to maintain a constant 6.3 percent growth rate in its dividends indefinitely. If the stock sells for $61 a share, what is the company’s cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
11.62%
Explanation:
Drogo corporation issued a dividend of $3.05 per share
The growth rate is 6.3%
= 6.3/100
= 0.063
The stock is sold at a price of $61 per share
The first step is to calculate the estimated dividend for the next year
= $3.05×(1+0.063)
= $3.05×(1.063)
= $3.24215
Therefore, the company's cost of equity can be calculated as follows
Po= Div1/r-g
61= 3.24215/r-0.063
r-0.063= 3.24215/61
r-0.063= 0.05315
r= 0.05315+0.063
r= 0.1162×100
r= 11.62%
Hence the company's cost of equity is 11.62%
Suppose a stock had an initial price of $54 per share, paid a dividend of $1.30 per share during the year, and had an ending share price of $51. Compute the percentage total return. What was the dividend yield and the capital gains yield?
Answer:
Use the equation for total return:
total stock return= (P1-P0)+D/P0
P0=Initial Stock Price
P1=Ending Stock Price (Period One)
D=Dividends
-3.15%---Percentage of total return
Dividend Yield-2.41%
Capital Gains-- -5.56%
To reach the maximum money multiplier, it is assumed that A. there is insufficient loan demand. B. commercial banks keep excess reserves. C. loans are diverted into circulating currency. D. all loans get redeposited in a checkable and debitable account.
Answer:
D. all loans get redeposited in a checkable and debitable account.
Explanation:
The money multiplier refers to the amount i.e to be generated by the bank so that it could able to generate maximum reserves.
It is to be calculated below:
Money multiplier = 1 ÷ reserve ratio
Also it shows a direct relationship between the supply of money and the reserves
Therefore the appropriate option is d.
Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company’s planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) 300 Revenue ($430.00q) $129,000 Expenses: Wages and salaries ($11,300 + $128.00q) 49,700 Supplies ($4.00q) 1,200 Equipment rental ($2,400 + $25.00q) 9,900 Insurance ($3,900) 3,900 Miscellaneous ($510 + $1.44q) 942 Total expense 65,642 Net operating income $63,358 During May, the company’s actual activity was 290 diving-hours. Complete the following flexible budget for that level of activity.Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating income
Answer:
Revenue $124,700
Expenses:
Wages and salaries 48,420
Supplies 1,160
Equipment rental 9,650
Insurance 3,900
Miscellaneous 928
Total expense$64,058
Net Operating income $60,642
Explanation:
Calculation to Complete the flexible budget for that level of activity
FLEXIBLE BUDGET
Actual diving hours 290
Revenue (290*$430) $124,700
Expenses:
Wages and salaries (11,300+290*128) 48,420
Supplies (290*4) 1,160
Equipment rental (2,400+290*25) 9,650
Insurance 3,900
Miscellaneous (510+290*1.44) 928
Total expense $64,058
Net Operating income $60,642
($124,700-$64,058)
The optimum capital structure Question 4 options: a) Provides the lowest cost of capital b) Has the best mix of debt, preferred stock, and common equity c) Can change over time as market and firm conditions change d) All of these apply
Answer:
d) All of these apply.
Explanation:
An optimum capital structure can be defined as a financial instrument used by firms to determine the best mix of debt and equity financing that maximizes its market value, as well as minimizes its cost of capital such as operations and expansion. It minimizes the weighted average cost of capital (WACC) of a firm to the least most possible value.
Generally, the optimum capital structure used by a firm to maximize its market value;
a) Provides the lowest cost of capital.
b) Has the best mix of debt, preferred stock, and common equity.
c) Can change over time as market and firm conditions change.
of a portfolio. The beta of four stocksG, H, I, and Jare , , , and , respectively. What is the beta of a portfolio with the following weights in each asset: LOADING...? What is the beta of portfolio 1?
Answer: 1.02
Explanation:
The Portfolio Beta will be the weighted average of the betas of the individual stocks in Portfolio 1.
Portfolio Beta = (weight in G * beta of G) + (weight in H * beta of H) + (weight in I * beta of I) + (weight in J * beta of J)
= (0.25 * 0.45) + ( 0.25 * 0.82) + ( 0.25 * 1.14) + ( 0.25 * 1.66)
= 0.1125 + 0.205 + 0.285 + 0.415
= 1.0175
= 1.02
Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on June 30, its Cash account shows a debit balance of $61,709. Easton's June bank statement shows $59,549 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit $ 4,250 Outstanding checks $ 2,075 Check printing fee, not yet recorded by company $ 18 Interest earned on account, not yet recorded by the company $ 33
Answer:
ADJUSTED BOOK BALANCE
Bank balance $59,549 Book balance $61,709
+ Deposit in transit $4,250 Interest earned $33
- Outstanding checks $2,075 Bank service fees $18
Adjusted book $61,724 $61,724
balance
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs:
Fixed Cost per Month Cost per Machine-Hour
Direct materials $ 5.40
Direct labor $ 42,400
Supplies $ 0.30
Utilities $ 1,700 $ 0.25
Depreciation $ 15,200
Insurance $ 11,600
For example, utilities should be $1,700 per month plus $0.25 per machine-hour. The company expects to work 4,200 machine-hours in June. Note that the company’s direct labor is a fixed cost.
Required:
Prepare the company's planning budget for manufacturing costs for June.
Answer:
Total Manufacturing Costs is $95,680
Explanation:
Wyckam Manufacturing Inc.
Planning Budget for Manufacturing costs
For the month Ended June 30
Direct Materials (4,200 hours *$5.40) $22,680
Direct Labor Fixed $42,400
Supplies (4,200 hours * $0.25 ) $1,050
Utilities ($1,700+ 4,200 Hours * $0.25) $2,750
Depreciation Fixed $15,200
Insurance Fixed $11,600
Total Manufacturing Costs $95,680
Hotel Cortez is an all-equity firm that has 10,900 shares of stock outstanding at a market price of $37 per share. The firm's management has decided to issue $66,000 worth of debt and use the funds to repurchase shares of the outstanding stock. The interest rate on the debt will be 8 percent. What is the break-even EBIT
Answer:
$32,264.07
Explanation:
The computation of the Break-even EBIT is shown below:
(EBIT ÷ Number of shares) = (EBIT - Interest) ÷ Number of shares
(EBIT ÷ 10,900) = (EBIT - $66,000 × 0.08) ÷ (10,900 - (66,000 ÷ $37))
(EBIT ÷ 10,900) = (EBIT - $5,280) ÷ (10,900 - 1,783.78)
(EBIT ÷ 10,900) = (EBIT - $5,280) ÷ (9116.22)
After solving this, the value of break-even EBIT is $32,264.07
On May 1, 2010, Ziek Corp. declared and issued a 10% common stock dividend. Prior to this dividend, Ziek had 100,000 shares of $1 par value common stock issued and outstanding. The fair value of Ziek 's common stock was $20 per share on May 1, 2010. As a result of this stock dividend, Ziek's total stockholders' equity:_________
Answer: did not change
Explanation:
From the question, we are informed that On May 1, 2010, Ziek Corp. declared and issued a 10% common stock dividend and that prior to this dividend, Ziek had 100,000 shares of $1 par value common stock issued and outstanding. We are further informed that the fair value of Ziek 's common stock was $20 per share on May 1, 2010.
As a result of this stock dividend, Ziek's total stockholders' equity did not change. The accounts involved belong to the stockholders' equity, therefore, there will be no change on the total stockholders equity.
A manufacturing company has variable overhead costs of $2.50 per unit and fixed costs of $5,000 per month. Each unit requires 4 hours of direct labor and the company expects to produce 2,000 units each month. The standard overhead rate will be
Answer:
Standard Overhead rate is $1.25 per Direct labor hours
Explanation:
Total variable cost (2000 unit * $2.50) = $5,000
Total fixed cost = $5,000
Estimated Overhead cost = $10,000
Estimated Direct labor hour = 2000 unit * 4 hours = 8,000 hours
Standard Overhead rate = Estimated overhead cost / Estimated Direct labor hour
Standard Overhead rate = $10,000 / 8,000 hours
Standard Overhead rate = $1.25 per Direct labor hours
True or false: At 2019 year-end, a government has $25,000 of outstanding encumbrances. The 2019 Budgetary Comparison Scheduled will include the $25,000 whether or not the encumbrances lapse at year-end.
Answer:
True.
Explanation:
The 2019 Budgetary Comparison Schedule will include the $25,000 whether or not the encumbrances lapse at the year-end, either as outstanding encumbrances or settled encumbrances. These $25,000 encumbrances are budget reservations of appropriations so that they can be used to settle specified expenditures in the future. The purpose of making these reservations is to signal that the expenditures have been earmarked so that their cash allocations are not used for other purposes.
Additional business in the form of a special order of goods or services should be accepted when the incremental revenue equals the incremental costs.
A. True
B. False
Answer: False
Explanation:
The aim of the business is to ideally make a profit. As a result, Additional business should only be accepted if the incremental cost of doing so is less than the incremental revenue accrued from doing so.
If incremental revenue equals incremental cost, there is no point in engaging in the additional business as it brings no extra value to the business.
GoSnow sells snowboards. Each snowboard requires direct materials of $128, direct labor of $53, and variable overhead of $63. The company expects fixed overhead costs of $844,976 and fixed selling and administrative costs of $391,000 for the next year. The company has a target profit of $290,000. It expects to produce and sell 11,800 snowboards in the next year. The company has a target profit of $189,800. It expects to produce and sell 11,800 snowboards in the next year. Required:Compute the selling price using the variable cost method.
Answer:
$364.83
Explanation:
The computation of selling price using the variable cost method is shown below:-
Sales units for target profit = (Total fixed costs + Target profit) ÷ (Selling price per unit - Total Variable cost per unit)
11,800 = ($1,235,976 + $189,800) ÷ (Selling price per unit - $244)
11,800 = ($1,425,776) ÷ (Selling price per unit - $244)
(Selling price per unit - $244) = $1,425,776 ÷ 11,800
(Selling price per unit - $244) = 120.83
Selling price per unit = $120.83 + 244
= $364.83
Working note
Total fixed cost = Fixed overhead costs + Fixed selling and administrative costs
= $844,976 + $391,000
= $1,235,976
Total variable cost = Direct materials + Direct labor + and variable overhead
= $128 + $53 + $63
= $244
If sales are $803,000, variable costs are 66% of sales, and operating income is $262,000, what is the contribution margin ratio
Answer:
34%
Explanation:
The formula to calculate the contribution margin ratio is:
Contribution margin ratio= (Sales – variable expenses)/sales
Sales=$803,000
Variable expenses=$803,000*66%=$529,980
Now, you can replace the values:
Contribution margin ratio=($803,000-$529,980)/$803,000
Contribution margin ratio=0.34
According to this, the answer is that the contribution margin ratio is 34%.
Drew and Tammy decide to start a new cake-decorating business. They each contribute $10,000 to get the business off the ground. This money is considered
Answer: a down payment or deposit
Explanation:
Drew and Tammy decide to start a new cake-decorating business. They each contribute $10,000 to get the business off the ground. This money is considered as equity capital.
What do you mean by Business?The exchange, acquisition, sale, or creation of goods and services with the aim of making money and meeting client demands constitutes business. Businesses can be for-profit or nonprofit entities that work to further a social cause or make a profit, respectively.
Equity in the context of finance refers to ownership of assets with potential obligations such as debts. For accounting reasons, equity is calculated by deducting liabilities from the value of the assets. The difference of $14,000, for instance, is equity if a person owns a car worth $24,000 and owes $10,000 on the loan used to purchase the vehicle.
A single asset, like a car or house, or an entire company may be covered by equity. A company that needs to launch or grow its operations can sell equity to raise money that doesn't need to be repaid on a predetermined timeline.
Therefore, The money will be considered as Equity capital.
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Which of the following is a drawback faced by multinational enterprises (MNEs)pursuing an international strategy?
a. They cannot leverage their home-based core competencies in foreign markets.
b. They are highly affected by exchange rate fluctuations.
c. They have to be highly responsive to local needs and preferences.
d. They cannot reap the benefits of economies of scale due to their highly customized products.
Answer:
Option b. They are highly affected by exchange rate fluctuations.
Explanation:
international strategy can be defined simply as the means or strategy by which a firm sells its goods and services outside its domestic market. they helps by enabling firms to leverage their home-based core competencies in foreign markets.
A multinational enterprise (MNE) can be said to be a company that deploys resources and capabilities in the procurement, production, and distribution of goods and services in at least two countries and it can only pursue international strategy if only when it enjoys a large domestic market, strong reputation, and brand name. exchange rate fluctuations affects MNE pursuit of international strategy.
You buy a stock for $55 today, and sell the stock one year later for $54, during which time a $2 dividend is paid. What is your return on this stock
Answer:
1.82%
Explanation:
Calculation for the return on the stock
Using this formula
Return=(Sales of stock - Stock bought today+Dividend)/Sales of stock
Let plug in the formula
Return = (54 - 55 + 2)/55
Return =1/55
Return = 0.0182×100
Return=1.82%
Therefore the return on the stock will be 1.82%
The Digital Electronic Quotation System (DEQS) Corporation pays no cash dividends currently and is not expected to for the next five years. Its latest EPS was $10, all of which was reinvested in the company. The firm’s expected ROE for the next five years is 20% per year, and during this time it is expected to continue to reinvest all of its earnings. Starting in year 6, the firm’s ROE on new investments is expected to fall to 15%, and the company is expected to start paying out 40% of its earnings in cash dividends, which it will continue to do forever after. DEQS’s market capitalization rate is 15% per year. a. What is your estimate of DEQS’s intrinsic value per share? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. Assuming its current market price is equal to its intrinsic value, what do you expect to happen to its price over the next year? (Round your dollar value to 2 decimal places.) Because there is (Click to select) , the entire return must be in (Click to select) . c. What do you expect to happen to price in the following year? (Round your dollar value to 2 decimal places.)
Answer:
a) $94.88
b) in 1 year, the intrinsic price of the stocks should increase to $109.11
Explanation:
year dividend EPS
0 0 $10
1 0 $12
2 0 $14.40
3 0 $17.28
4 0 $20.736
5 0 $24.8832
6 $11.45 $28.61568
growth rate up to year 5 = 20%
ROE growth rate starting year 6 = 15%
dividend growth rate starting year 6 = 15% x (1 - 40%) = 9%
cost of equity = 15%
horizon value at year 5 = $11.45 / (15% - 9%) = $190.83
current intrinsic value per stock = $190.83 / 1.15⁵ = $94.88
intrinsic price in 1 year = $190.83 / 1.15⁴ = $109.11
The estimate of DEQS’s intrinsic value per share is $94.88. Also, in 1 year, the intrinsic price of the stocks will increase to $109.11.
Based on the information given, the dividend and the earnings per share are given below:
year dividend EPS
0 0 $10
1 0 $12
2 0 $14.40
3 0 $17.28
4 0 $20.736
5 0 $24.88
6 $11.45 $28.616
Growth rate up to year 5 = 20%ROE growth rate starting year 6 = 15%Cost of equity = 15%Therefore, the dividend growth rate starting year 6 will be:
= 15% x (1 - 40%)
= 15% × 60%
= 9%
Therefore, the horizon value at year 5 will be:
= $11.45 / (15% - 9%)
= $11.45 / 6%
= $190.83
Then, the current intrinsic value per stock will be:
= $190.83 / 1.15⁵
= $94.88
The intrinsic price in 1 year will be:
= $190.83 / 1.15⁴
= $109.11
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Location Score
Factor
(100 points each) Weight A B C
Convenience .15 89 78 84
Parking facilities .20 75 93 98
Display area .18 92 90 87
Shopper traffic .27 92 93 82
Operating costs .10 93 97 84
Neighborhood .10 90 96 95
1.00
a.
Using the above factor ratings, calculate the composite score for each location. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Location Composite Score
A
B
C
b.
Determine which location alternative (A, B, or C) should be chosen on the basis of maximum composite score.
B
C
A
Answer and Explanation:
The computation of composite score for each location is shown below:-
Composite score for A is
= 0.15 × 89 + .20 × 75 + 0.18 × 92 + 0.27 × 92 + 0.10 × 93 + 0.10 × 90
= 88.05
Composite score for B is
= 0.15 × 78 + .20 × 93 + 0.18 × 90 + 0.27 × 93 + 0.10 × 97 + 0.10 × 96
= 90.91
Composite score for C is
= 0.15 × 84 + .20 × 98 + 0.18 × 87 + 0.27 × 82 + 0.10 × 84 + 0.10 × 95
= 87.90
Therefore for computing the composite score for each location we simply multiply weight with A location and in the same manner of A, B and C
b. The maximum composite score from A, B and C is B
Match the product cost variance with the manager most probably responsible. Some answers may be used more than once. Some answers may not be used.
1. Variable overhead cost variance
2. Direct matierals efficiency variance
3. Direct labor cost variance
4. Fixed overhead cost variance
5. Direct materials cost variance
CHOICES:
a. Human resources
b. Purchasing
c. Production
Answer:
1 = A
2 = C
3 = C
4 = C
5 = B
Explanation:
This would actually depend on how the organization is set up and what type of business it is, but I believe these would be the most likely centers responsible for the difference
The next dividend payment by Hoffman, Inc., will be $2.90 per share. The dividends are anticipated to maintain a growth rate of 4.75 percent forever. If the stock currently sells for $49.40 per share, what is the required return? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
10.6%
Explanation:
Calculation for the required return
Using this formula
Required return=(Dividend payment/Stock per share)+Anticipated growth rate
Let plug in the formula
Required return =($2.90 per share/$49.40 per share)+0.0475
Required return=0.05870+0.0475
Required return =0.106*100
Required return =10.6%
Therefore the Required return will be 10.6%
Irene Watts and John Lyon are forming a partnership to which Watts will devote one-half time and Lyon will devote full time. They have discussed the following alternative plans for sharing income and loss: (a) in the ratio of their initial capital investments, which they have agreed will be $42,000 for Watts and $63,000 for Lyon; (b) in proportion to the time devoted to the business; (c) a salary allowance of $6,000 per month to Lyon and the balance in accordance with the ratio of their initial capital investments; or (d) a salary allowance of $6,000 per month to Lyon, 10% interest on their initial capital investments, and the balance shared equally. The partners expect the business to perform as follows: year 1, $36,000 net loss; year 2, $90,000 net income; and year 3, $150,000 net income. Required: Complete the tables, one for each of the first three years, by showing how to allocate partnership income or loss to the partners under each of the four plans being considered. (Do not round intermediate calculations. Round final answers to the nearest whole dollar. Enter all allowances as positive values. Enter losses as negative values.)
Answer:
Irene Watts and John LyonAllocation of Partnership Income or Loss under these plans:(a) in the ratio of their initial capital investments, which they have agreed will be $42,000 for Watts and $63,000 for Lyon:
Year 1 Year 2 Year 3
Net Income / (Loss) ($36,000) $90,000 $150,000
Watts 40% (14,400) 36,000 60,000
Lyon 60% (21,600) 54,000 90,000
(b) in proportion to the time devoted to the business:
Year 1 Year 2 Year 3
Net Income / (Loss) ($36,000) $90,000 $150,000
Watts 1/3 (12,000) 30,000 50,000
Lyon 2/3 (24,000) 60,000 100,000
(c) a salary allowance of $6,000 per month to Lyon and the balance in accordance with the ratio of their initial capital investments:
Year 1 Year 2 Year 3
Net Income / (Loss) ($36,000) $90,000 $150,000
Less Salary (72,000) (72,000) (72,000)
Distributable Income/(Loss) (108,000) $18,000 $78,000
Watts 40% ($43,200) $7,200 $31,200
Lyon:
Salary 72,000 72,000 72,000
Distributable 60% (64,800) 10,800 46,800
Net share $7,200 $82,800 $118,800
(d) a salary allowance of $6,000 per month to Lyon, 10% interest on their initial capital investments, and the balance shared equally:
Year 1 Year 2 Year 3
Net Income / (Loss) ($36,000) $90,000 $150,000
Less Salary (72,000) (72,000) (72,000)
Less Interest on Capital (10,500) (10,500) (10,500)
Distributable Income/(Loss) (118,500) 7,500 67,500
Watts:
Interest on Capital 4,200 4,200 4,200
Distributable income 40% (47,400) 3,000 27,000
Share of profit or loss ($45,400) $7,200 $31,200
Lyon:
Salary 72,000 72,000 72,000
Interest on Capital 6,300 6,300 6,300
Income/Loss 60% (71,100) 4,500 40,500
Net share $7,200 $82,800 $118,800
Explanation:
a) Data and Calculations:
Net Income of Loss:
Year 1 = $36,000 loss
Year 2 = $90,000
Year 3 = $150,000
Sharing plans:
a) Capital:
Watts $42,000 = $42,000/$105,000 = 40%
Lyon $63,000 = $63,000/$105,000 = 60%
b) Time devotion:
Watts 1 = 1/3 or 33%
Lyon 2 = 2/3 or 67%
c) a salary allowance of $6,000 per month to Lyon and the balance in accordance with the ratio of their initial capital investments:
Distributable Income / Loss:
Year 1 = ($36,000) - $72,000 = ($108,000)
Year 2 = $90,000 - $72,000 = $18,000
Year 3 = $150,000 - $72,000 = $78,000
Because of the legal protection for intellectual property, such as patents, a firm has a better chance of recouping the costs of research if it pursues:_________.
a. Basic technological research
b. Technologically innnovative research
c. Appllied technological research
d. Technologically positive research
Answer:
D. Technologically positive research
Explanation:
Technology positive research can be said to be a scientific method which explain elaborately on the approach that is seen to deal with research founded on the premise of the modern world is been defined by a set of regular laws or patters, and that we can investigate these laws. Generally, it is known that positivity brings open doors and also a level ground for normal discussions with even people that have spent barely few hours with a said person. This research method is also been seen as the type where theory is typically provided as a set of related variables express by some form of formal logic, proven empirically to be significant.
Which of the following recognizes the intellectual property licensing of copyrights by all the signatory nations to the act?
a. The Madrid Convention
b. The Export Administration Act of 1985
c. The Berne Convention Implementation Act of 1988
d. The International Emergency Economic Powers Act of 1977
Answer:
c. The Berne Convention Implementation Act of 1988.
Explanation:
This was put into force in the United States of America in the year 1988 even though its laws were been vehemently upheld from the next year. This was a law put in place to be a guide to a lot of United States citizens who are known to ply their trades in the literary and also artistic sphere. It was seen as a protection agency to writers and artists in literary world. Their work at this early stages may have been performed only pursuant to appropriate domestic law. Also, in a bid to make this law a better one, it was said to be amended together with the law as it exists on the date of the enactment of this law been amended, satisfy the obligations to the citizens of the US.
A statute passed by both houses of Congress and signed by the President authorizes a federal agency to select a site for and to construct a monument honoring members of the capitol police force killed in the line of duty. The statute appropriates the necessary funds but provides that the funds may not be expended until both houses of Congress have adopted a concurrent resolution, not subject to presentment to the President, approving the agency's plans for the monument's location and design.Required:Is the provision requiring further congressional approval before expenditure of the funds constitutional?
Answer: No
Explanation:
The statute has already conferred the powers to both select a site for and to construct a monument on a federal agency which by extension is the Executive branch. The Executive should therefore have final say in the monument's location and design to enable them break ground as soon as the necessary funds have been appropriated.
To still include a provision that the funds may not be expended until both houses of Congress have given further approval amounts to interference with an executive function rendering it unconstitutional as the powers of the Executive and the Legislative are to be separated.
Which of the following is considered a source of general revenue in the Government-wide Statement of Activities?
A) Charges for Services
B) Operating Grants
C) Sales Tax
Answer:
C) Sales Tax
Explanation:
The Government-wide Statement of Activities shows the revenues and expenses of the government and the general revenues indicate all the taxes, aid received from other governments and earnings from investments. According to that, the answer is that the option that is considered a source of general revenue in the Government-wide Statement of Activities is sales tax.
Antitrust regulations would most likely require one of the following in order to determine whether or not a merger may enhance competition. Which one is it?
A. Highly complex analytical tools
B. Analysis using numerical tools
C. Obvious objective judgments
D. Readily qualified judgments
Answer: analysis using numerical tools
Explanation:
The main reason for the creation of Antitrust laws was to give power to the government to block some particular mergers and also break up the large firms to smaller ones.
Antitrust regulations would most likely require analysis using numerical tools in order to determine whether or not a merger may enhance competition.
Which if the following companies is most likely to benefit from economies of scale? (Select the best answer.)
a. a company that had only variable costs
b. a company that has many variables startup costs
c. a company that has many fixed costs
d. a company that doesn't have many employees
Answer:C
Explanation: A company that has many fixed costs