The transactions for Tony and Suzie are shown below as journal entries:
Subsequent Costs are composed of costs that be incurred after the transaction. For example, a purchase of used equipment will need maintenance, repairs and some parts replacement.
Journal entries for the transactions are as follows:
1. Equipment A/c....Dr. $12800
Cash A/c....Cr. $12800
2. Prepaid insurance A/c....Dr. $2000
Cash A/c.....Cr. $2000
3. Equipment A/c....Dr. $3000
Cash A/c....Cr. $3000
4. Equipment A/c....Dr. $2200
Cash A/c....Cr. $2200
5. Maintenance expense A/c....Dr. $800
Cash A/c....Cr. $800
The painting, roof rack and hitch are all expected to increase the future benefits of the vehicle. Therefore, these costs are capitalizable and added to the cost of the asset. Capitalizable cost is a cost that increases the asset's useful life, and productivity, or will increase future benefits.
Basic Maintenance is expenses that are incurred to maintain the asset in its normal operation. Therefore, it is expensed on the period it is incurred.
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to calculate the expected risk premium on a stock, one must subtract the ________ from the stock’s expected return.
a. variance
b. expected market rate of return
c. risk free rate
d. inflation rate
The correct answer to the given fill in the blanks question about calculation of risk premium is option c) Risk free rate.
The theoretical rate of return for an investment with no risk is referred to as the risk-free rate of return.
Since all investments involve some level of risk, there is no such thing as a risk-free rate of return in reality.
Subtract the inflation rate from the yield of the Treasury bond that corresponds to the length of your investment to determine the real risk-free rate. Theoretically, an investor expects it to be the minimal return on any investment because they won't take on extra risk unless the possible rate of return is higher. The investor's home market must be taken into account when determining a proxy for the risk-free rate of return in a particular situation, and negative interest rates might make things more difficult.
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which of the following statements is false? group of answer choices if there are only two goods, guns and butter, it is possible to produce more of both goods through economic growth. if there are only two goods, guns and butter, it is possible to produce more of both goods if the economy is currently operating at a productive efficient point. if there are only two goods, guns and butter, it is possible to produce more of both goods if the economy is currently operating at a productive inefficient point. if there are only two goods, guns and butter, producing more of one means producing less of the other if the economy is currently operating at a productive efficient point.
The following statement (B) "if there are only two items—guns and butter—and the economy is currently at a position of maximum efficiency, more of both goods can be produced" is FALSE.
What is economic growth?Economic growth is the rise or improvement in the market value of the commodities and services generated by an economy within a given fiscal year, adjusted for inflation.
Traditionally, statisticians have calculated growth as a percentage rate of real gross domestic product, or real GDP.
Growth is often calculated in real terms, or terms adjusted for inflation, in order to remove the inflationary distortion on the prices of produced goods.
Utilizing national income accounting, economic growth is quantified.
So, when an economy is functioning efficiently, it will tend to produce the goods over which it has a clear advantage and then engages in trade to benefit from doing so.
Since weapons and butter are utterly unrelated in nature, the economy in the example is efficient and will create more of any given product to obtain a competitive edge in that particular market.
As a result, neither good can be produced by an efficient economy.
Therefore, the following statement (B) "if there are only two items—guns and butter—and the economy is currently at a position of maximum efficiency, more of both goods can be produced" is FALSE.
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Correct question;
Which of the following statements is false?
group of answer choices
(A) if there are only two goods, guns and butter, it is possible to produce more of both goods through economic growth.
(B) if there are only two goods, guns and butter, it is possible to produce more of both goods if the economy is currently operating at a productive efficient point.
(C) if there are only two goods, guns and butter, it is possible to produce more of both goods if the economy is currently operating at a productive inefficient point.
(D) if there are only two goods, guns and butter, producing more of one means producing less of the other if the economy is currently operating at a productive efficient point.
if a country harnesses the comparative advantage of some resources over others, the slope of its production possibilities curve is likely to be:
If a country harnesses the comparative advantage of some resources over others, the slope of its production possibilities curve is likely to be: bowed outside.
What is meant by comparative advantage?The ability of an economy to produce a specific good or service at a lower opportunity cost than its trading counterparts is known as comparative advantage. Comparative advantage is a theory that explains why businesses, nations, or people might gain from trade.
If someone can create something for less money than anyone else, they have a comparative advantage. Comparative advantage is different from superiority in a given field.
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sara is filing as head of household and has 2021 taxable income of $59,000, which includes $3,000 of net long-tem capital gain. the net long-term capital gain is made up of $1,000 25% gain and $2,000 0%/15%/20% gain. what is the tax on her taxable
Sara will not be taxed on her $59,000 in taxable income in 2021 if she is claiming head of household status and that income includes a $3,000 net long-term capital gain.
The portion of your gross income utilized to calculate your tax obligation for a given tax year is known as taxable income. It is typically understood to be adjusted gross income (AGI) less allowed standard or itemized deductions. Taxable income consists of wages, salaries, bonuses, and gratuities, as well as investment income and numerous unearned income streams.
Income that is earned and unearned both count as taxable income. Forgiven debts, government benefits (such unemployment and disability payments), strike benefits, and lottery winners are all examples of taxable unearned income. Earnings from the sale of valued assets during the year are also included in taxable income, along with dividend and interest income.
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A company has a list of expected revenues and payments for the upcoming year in chronological order. The problem is that at some moments in time the sum of previous payments can be larger than the total previous revenue, which would put the company in debt. To avoid this problem the company takes a very simple approach: it reschedules some expenses to the end of the year. You are given an array of integers, where positive numbers represent revenues and negative numbers represent expenses, all in chronological order. In one move you can relocate any expense (negative number) to the end of the array
Revenue Payment is defined as an amount in cash that is equal to I the number of customers of the Business on the Closing Date calculated using the Revenue Statement multiplied by (i the Business's average annual revenue per customer for the System, excluding Revenues from the sale or leasing.
What expected revenues and payments upcoming year?Both offer a critical perspective on your company. Revenue is the income obtained from business operations, whereas profit is the net income after expenses are subtracted from earnings.
Therefore, Although both revenue and profit are positive indicators for your company, they are not the same thing.
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Trendy wear for teens is choosing to set up its new production facility in indonesia in order to take advantage of low labor costs. additionally, the indonesian government will offer the company tax incentives if it locates its facility in indonesia. by pursuing such a strategy, trendy wear for teens hopes to realize: ___________a. diminishing returns. b. universal needs. c. location economies. d. demographic advantages
If Trendy wear sets up new production facility for low labor costs and tax incentives then it is hoping for realization of diminishing returns. Diminishing returns sets in by increasing the investment by the producers.
The correct answer is option a. Diminishing returns.
According to the economic theory known as the law of diminishing returns, as investment in a certain area rises, the rate of profit from that investment can no longer rise given that the other factors remain constant after a certain level. An illustration would be a factory that increased its output while also raising CO2 emissions for the same increase in input. A fundamental idea in both micro and macroeconomics, the rule of diminishing returns is also a key concept in production theory.
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FILL IN THE BLANK. target's donation of 5% of its annual income to community support is an example of ________.
Target's donation of 5% of its annual revenue to support the community is an example of corporate social responsibility (CSR). CSR is a concept that encourages businesses to actively engage in a positive contribution to society.
This includes a commitment to ethical practices, respect for human rights in the workplace and a commitment to environmental sustainability. By donating a portion of its annual income, Target demonstrates a commitment to its local community and provides support to those in need. This type of philanthropic behavior is increasingly common among corporations as they seek to improve their reputation and build public trust. By engaging in such initiatives, Target demonstrates its commitment to making a lasting positive difference in the world.
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which of the following are ways that organizational behavior impacts individuals' success? check all that apply. understanding organizational behavior helps people to be more effective at work. appropriately applying organizational behavior principles will slow your career advancement. appropriately applying organizational behavior principles decreases ethical decision making. understanding organizational behavior principles helps people to better manage others as well as themselves. understanding organizational behavior principles makes people better accountants, marketers, or better employees in whatever is their technical field.
The following ways that corporate culture affects organizational success are options (A), (B), (D), and (E).
What is organizational success?Having a clear plan or strategy in place to accomplish an objective is typically what leads to organizational success.
However, a strategy is not successful unless it achieves its goals. Successful businesses add value.
Of course, organizations exist in a wide variety of forms, dimensions, tastes, and hues.
Ways that organizational conduct affects a company's success include:
(A) Employee motivation is increased when organizational behavior principles are applied correctly.
(B) The stock price of a company is positively impacted by using organizational behavior principles appropriately.
(D) Destructive conflict is reduced when organizational behavior principles are applied properly.
(E) Applying organizational behavior concepts correctly has a favorable impact on a company's ability to retain talented workers.
Therefore, the following ways that corporate culture affects business success are options (A), (B), (D), and (E).
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Complete question:
Which of the following are ways that organizational behavior impacts organizational success? Check all that apply.
A) Appropriately applying organizational behavior principles improves employee motivation.
B) Appropriately applying organizational behavior principles positively influences a firm's stock price.
C) Appropriately applying organizational behavior principles decreases employees' trust in the company.
D) Appropriately applying organizational behavior principles decreases destructive conflict.
E) Appropriately applying organizational behavior principles positively influences a firm's retention of valued employees.
a buyer is purchasing a $1.5 million property in a city that imposes a transfer tax of $12 per $1,000, in addition to the county transfer tax of 55 cents per $500. what is the total transfer tax this property is subject to?
The total transfer tax that the property would be subjected to will be equal to $19650.
Transfer tax are applied by government on certain goods that are to be transferred from one place to another. The tax acts as revenue for the government. Any individual transferring any property has to pay this tax to the government. We have the total amount of the tax equal to
Total amount = $1500000
Now, for $1000 the price is $12 so, we divide the amount $1500000 by $1000 that is
Tax per $12 = ($1500000/$1000)×$12 = $18000
Now, for $500 the price is 55 cents or $0.55 so, we divide the amount $1500000 by $500 that is
Tax per 55 cents = ($1500000/$500)×$0.55 = $1650
The total transfer tax will be = Tax per $12 + Tax per 55 cents
Total transfer tax = $18000 + $1650 = $19650
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following a round of free trade talks, domestic prices fell in this economy. what is the new domestic price?
A domestic price level represents the current price for a specific good or service in an economy. Government agencies or national economists tend to look at various price levels in order to assess rising or falling prices, called inflation and deflation in economic terms, respectively.
A government or government agency, sometimes an appointed commission, is a permanent or semi-permanent body within a government agency responsible for the oversight and control of specific functions, such as: B. Administrators are responsible. We have an amazing variety of agencies.
A government agency is a permanent or semi-permanent entity within a national or state government. These institutions are responsible for overseeing or managing a particular sector, field, or area of study.
Federal agencies are special government agencies established for specific purposes, such as: B. Management of resources, financial oversight of industry, or national security issues. These organizations are usually created by legislative action, but may initially be created by presidential order.
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which of the following transactions would be reported as an investing activity on the statement of cash flows? a.issued bonds payable b.purchased long-term assets c.issued common stock d.purchased treasury stock
A cash flow from investing activity should be shown on the statement of cash flows when noncurrent assets are purchased.
Which Activities Are Counted Among Cash Flow from Investing Activities?Capital expenditures, money lending, and the sale of investment securities are all included in cash flow from investing operations.
In which of the following transactions would financing be reported on a statement of cash flows?Explanation and Response: Financing activities would include a) the cash payment of interest expenses and b) the payment of cash dividends to owners. Both of these operations keep financing accounts open with interest-paying lenders or bondholders, and dividends give investors a profit.
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The salary of the project manager would be an example of what type of cost found in a project?
A. Labor
B. Direct
C. Direct project overhead
D. General and administrative overhead
E. Salary
A project manager's salary would be an example of a labor cost found in a project. Labor costs are the costs of the employees involved in the project, including their wages, salaries and benefits. Labor costs are direct costs, meaning they are directly associated with and directly charged to a specific activity or project.
Labor costs represent a significant portion of the total project cost and are often the largest single cost item. In addition to the salaries of project managers and other personnel involved in the project, labor costs may also include training costs, bonuses and overtime pay. Labor costs are often assigned to a project using employee timesheets, which are used to track the hours worked by each employee on the project. These costs are usually included in the project budget and can be used to measure the effectiveness of the project and its corresponding costs.
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Which of the following best describes a central bank's ability to control money in circulation?
a. temporary control
b. limited to no control
c. control is shared between the central bank and the federal government
d. significant control
e. complete control
Control is limited to none best describes a central bank's ability to keep money in circulation under control.
The central bank can influence the level of money supply in the economy, but it has little or no control over market participants such as households because some people prefer to keep their money in their homes. Hence, option b) is correct.
Central banks implement monetary policy by adjusting the supply of money, typically through open market operations.
For example, a central bank may reduce the amount of money by selling government bonds under a "sale and repurchase" agreement and receiving funds from commercial banks.
Another factor is that the central bank has no control over how much money creditors lend.
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if the law of increasing opportunity costs is operable, and currently the opportunity cost of producing the 1,000th unit of good x is 0.5y, then the opportunity cost of producing the 2,001st unit of good is x is most likely to be
if the law of increasing opportunity costs is operable, then the 2,001st unit of good is x is most likely to be more than 0.5Y
The opportunity cost of producing a given amount of an item will often rise when more of that good is produced if the law of increasing opportunity costs is applicable. The cost of producing more units of product will typically rise as more of the good is produced because resources will have to be diverted away from the production of other commodities that could have been produced instead.
In the given case, the opportunity cost of manufacturing the 1,000th unit of good X is equal to 0.5Y. This indicates that it was necessary to sacrifice producing 0.5Y units of some other good in order to generate the 1,000th unit of good X. The opportunity cost of creating the 2,001st unit of good X will probably exceed 0.5Y if the law of increasing opportunity costs is applicable. Because resources are diverted away from the creation of other goods that could have been created instead, when more units of good X are produced, the cost of creating additional units will often increase.
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if a hotel room priced at 120,000 venezuela bolivar per night can be purchased for 80 u.s. dollars, the exchange rate is:
A hotel room costing 120,000 Venezuelan Bolivar a night being purchased for US$ 80 means that the exchange rate is 1,500 Venezuelan Bolivar per 1 US Dollar.
Given that a hotel room price of 120,000 Venezuelan Bolivar is equivalent to 80 US Dollar, in order to get the currency exchange rate between Venezuelan Bolivar and US Dollar, we divide them with the following calculation:
US$80=120,000 Bolivar
US$1=120,000÷80
US$1=1500, therefore 1 US Dollar is equivalent to 1500 Venezuelan Bolivar
Venezuelan Bolivar is the official currency of the country of Venezuela. Prior to 1983, Venezuelan Bolivar is considered one of the most stable currency in the world because it was based on gold and silver standard and pegged with the US Dollar, but starting from 1983 onward, the Venezuelan government adopted a concept of floating exchange rate where the currency fluctuates based of the market condition rather than pegged at a certain level.
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urban centers provide many benefits including more efficient energy use. why? group of answer choices higher population density higher population size decreased cost of living
Urban centers provide many benefits including more efficient energy use: and higher population density.
Efficient most customarily describes what is able to generating preferred consequences with out wasting substances, time, or power. at the same time as the word can be implemented to each people and things, it is far greater commonly carried out to matters, along with machines, structures, methods, and groups.
In preferred, we say something is green whilst it maximises outputs with given inputs. In different words, it is the potential to do something nicely and with out waste. often we attempt to measure performance degrees, inclusive of how strength green our mild bulbs are or how efficient a business is at producing a product.
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a movement made up of citizens and government entities whose focus is on protecting consumers and promoting their interests is called
a movement made up of citizens and government entities whose focus is on protecting consumers and promoting their interests is called The consumer movement.
The consumer movement is an initiative to advance consumer protection through a planned social movement that is frequently headed by consumer organizations. It promotes the consumer's rights. "Consumer movement" and "consumerism" are not interchangeable concepts. Consumer organizations still use the term "consumerism" in the traditional sense to refer to activities that advance consumer protection. These activities can include legislators who pass consumer protection laws, regulators who enforce these laws, educators who teach consumer policy, product testers who assess how well products adhere to standards, cooperative organizations that provide goods and services with consideration for the needs of consumers, as well as the consumer movement itself.
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when an auditor increases the planned assessed level of control risk because certain control activities were determined to be ineffective, the auditor would most likely increase the:
When an auditor increase the assessed level of control risk because certain control activities were determined to be ineffective, the auditor would most likely increase the extent of substantive tests.
Control risk is the possibility of a significant misrepresentation in a company's financial statements as a result of the absence of adequate internal controls to address a specific risk or the failure of existing internal controls.
Risk management practices are a vital tool for preventing workplace accidents and injuries. They ought to be a component of the organization's overall health and safety strategy as they offer a way to recognize, manage, and lessen workplace hazards.
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the market value of all final goods and services produced within a nation in a given time period is called
The market value of all final goods and services produced within a nation in a given time period is called GDP.
The GDP estimates the monetary value of the consumable goods and services produced in a country over a certain time period (say a quarter or a year). It takes into account every product made entirely within a country's borders.
The gross domestic product (GDP) is the total monetary or market value of all finished products and services produced within a country's borders over a specific time period (GDP). Because it is a broad indication of total domestic production, it provides a comprehensive evaluation of the state of the economy in a particular country.
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the federal trade commission administers the law prohibiting unfair methods of competition. group of answer choices false true
The Commission enforces consumer protection and antitrust laws. prohibits,among others,“unfair methods of competition”.Unfair methods are prohibited by the Federal Trade Commission Act (FTC Act) (15 USC 45).
''Unfair or deceptive acts or practices in commerce or that affect it.The ban applies to all persons engaged in commerce,including banks.This Act prohibits unfair methods of competition in interstate commerce,but does not carry criminal penalties.It also created the Federal Trade Commission to police violations of the Act.UNFAIR BUSINESS PRACTICE means a trade practice or business practice that,for the purpose of promoting the sale, use,or furnishing of any good or for the provision of any service,adopts any unfair method or unfair or deceptive practice. Unfair business practices can be classified as Misrepresentation.
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forward transactions originated in the market for question content area bottom part 1 a. government bonds b. agricultural and other commodities c. common stock
Forward transactions originated in the market for agricultural and other commodities
A forward contract is an understanding between two gatherings - - - the vender and the purchaser for the conveyance of a specific quality and amount of a ware at indicated time and at a predefined cost. Ranchers frequently use forward agreements as supports against falling costs. Such agreements are legitimately restricting and truly challenging to break.
If, at the hour of the agreement's termination, the cost specified in the agreement matches the going rate, the agreement has no worth. On the off chance that the normal cost of the item has ascended over the length of the agreement to a level surpassing the agreement value, the agreement becomes important to the buyer. On the off chance that the normal cost of the product has fallen, the agreement helps the merchant. In forward agreements, at whatever point the cost of the contracted product transforms, one of the gatherings to the agreement gains while the other loses. Appreciation helps the purchaser while devaluation helps the merchant.
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if tamar's basis in the condo at the beginning of the year was $150,000, what is her basis in the condo at the end of the year?
If tamar's basis in the condo at the beginning of the year was $150,000, is her basis in the condo at the end of the year $3,50,000. The condo is owned by the Garcias freehold but is leased to Suzette on a lease.
A leasehold estate is a temporary right of possession over land or other property in which the tenant or lessee retains real property rights pursuant to some type of title from the lessor or landlord. Even if a tenant has rights to real estate, a leasehold estate is frequently seen as personal property. In a leasehold agreement, one party pays for the right to inhabit a plot of land or a structure for a specific amount of time.Since a lease is a legal estate, leasehold real estate can be purchased and sold on the open market.
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he ability of a party to cancel an agreement is called . a. restitution b. rescission c. economic duress d. undue influence
He ability of a party to cancel an agreement is called rescission.
In contract law, rescission is an equitable remedy which allows a contractual party to cancel the contract. Parties may rescind if they are the victims of a vitiating factor, such as misrepresentation, mistake, duress, or undue influence. Rescission is the unwinding of a transaction.
This is done to bring the parties, as far as possible, back to the position in which they were before they entered into a contract. Rescission is when a contract is rendered null and void, and so is no longer recognized as legally binding. The courts can free non-liable parties from their agreed obligations and, when possible, will effectively seek to restore them to the position they were in before the contract was signed.
Rescission is the voiding of a contract by a court that does not recognize it as legally binding. Courts can free non-liable parties from their obligations in a contract. Rescission can occur when there is a material error in the contract, evidence of fraud, a lack of legal or mental capacity, or other applicable circumstances. Many states offer rescission on various business-to-consumer (B2C) contracts.
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g hich of the following are examples of securities? select one: a. debentures b. stocks c. debentures, warrants, and stocks d. warrants
c. debentures, warrants, and stocks are examples of securities.
A financial instrument that is fungible and negotiable and has some kind of monetary worth is referred to as a "security."
A security can reflect rights to ownership through the ownership of an option, a creditor relationship with a governmental organization or company through the ownership of that entity's bond, or ownership of stock in a firm.
The U.S. stock market was previously governed at the state level until the Securities Act of 1933, which is the first federal law to do so.
According to the law, anyone who wants to offer investment contracts for sale to the general public must publish specific details about the intended offering, the firm doing so, and the key personnel of that company.
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industrial control systems that are designated as protection systems do not serve any purpose during normal operation. true false
The statement is False, In addition to distributed control systems and smaller control systems employing programmable logic controllers to regulate localized operations,
industrial control systems also comprise supervisory control and data acquisition systems used to govern geographically scattered assets.
SCADA systems are often employed in the pipeline monitoring and control, water treatment and distribution, and electricity transmission and distribution sectors of the economy.
This system is used to manage manufacturing equipment that is kept in one place.
The digital equipment utilized in industrial processes is referred to as ICS assets. This covers all the many parts of manufacturing, analogous applications, and vital infrastructure (such as the power grid and water treatment systems). As ICS, a variety of devices fall under many categories.
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rachel, as a facilitator, sets norms and test limits to facilitate a team's self-management in its team meetings. rachel's behavior is
Rachel, as a facilitator, sets norms and tests limits to facilitate a team's self-management in its team meetings. Rachel's behavior is maintenance-related.
In order to establish and preserve social cohesiveness and meet the interpersonal requirements of group members, maintenance roles and the behaviors that go along with them are necessary.
All of these character traits demand mature and effective interpersonal abilities. The social-emotional leader, supporter, tension releaser, harmonizer, and interpreter are some of the maintenance roles we will talk about in this section.
All of the self-centered roles' activities draw attention away from the task at hand to the group member who is acting out. All of these roles strive to distract attention, but they each do so in a unique way and for a unique cause.
We'll talk about the major antagonist, monopolizer, self-confessor, insecure compliment seeker, and joker as examples of self-centered roles (Cragan & Wright, 1991).
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imagine you work for a company that manufactures snowboards in china and sells them in europe. what is the most efficient way to ship those snowboards from china to europe?
A company that fabricates snowboards in China & sells them in Europe, utilizing the most efficient method of shipping those snowboards from Europe to China. By ship, which is loaded into containers.
What are snowboards used for?A snowboard is a device used by athletes to slide down snowy mountains. The board is attached to the player's feet with special bindings and the athlete snowboards down a ski lift or other ice slope.
What is shipping technology in supply chain?Shipping in supply chain, perhaps the original sharing economy, is a self-organizing ecosystem 'SOE'. Marine ecosystems are capital-forming processes. We generate capital by moving products from farm to table through a series of episodic tight couplings such as ships with bunks.
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the credit(s) recorded in the journal to reimburse the petty cash fund is to a.various accounts for which the petty cash was disbursed. b.petty cash. c.accounts receivable. d.cash.
The credit(s) to cash that is listed in the journal is used to pay back the petty cash fund.
Request a receipt from the employee and then give them the precise quantity of cash and coins from the lockbox to cover expenditures. Place the receipt in the lockbox after which you should write the date, payee, description, reference number, and cost of the expense in the petty cash log.
The payments made from a petty cash fund are summarised in the petty cash notebook. The totals from the diary are thus the foundation for a journal entry into the general ledger of a business. This diary entry breaks down small cash expenses into different categories.
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a tool that managers use to estimate expenditures for major assets, such as facilities expansion, new product development, and mergers and acquisitions is called a(n) .
A tool that managers use to estimate expenditures for major assets, such as facilities expansion, new product development, and mergers and acquisitions is called a capital budget. The correct option is B.
What is capital budget?Capital budgeting in corporate finance refers to the planning process used to determine whether an organization's long-term capital investments, such as new machinery, machinery replacement, new plants, and so on, are viable.
Capital budgeting is the process by which a company evaluates potential large projects or investments.
Capital budgeting is required before a project is approved or rejected, such as the construction of a new plant or a large investment in an outside venture.
Thus, the correct option is B.
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Your question seems incomplete, the missing options are:
a) cash budget
b) capital budget
c) equity budget
d) revenue forecast
how many liters of motor oil does the u.s. import given that the us government has imposed a tariff on the import of motor oil?
Knowing the fact that the government has set a levy on the import of gasoline, the US imports 273 Million Barrels of motor oil.
The structure of the US government.The U.S. Constitution grants Congress, the Head of state, and the Higher courts, respectively, the authority to act as the legislative, executive, and appellate departments of the federal government.
The U.S. has what kind of government, and why?The Constitution establishes a system of government that is a federal democratic republic. In all other respects, we are an unbreakable union of 50 separate States. In a democracy, the populace controls the government. Because voters select representatives in a free and secret election, it is representational.
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