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Georgia's legislative branch

Terms in this set (28)

Georgia's legislative branch made up of a bicameral legislature consisting of the HoR and the Senate
General Assembly
Elected in local districts for two years a time with no limit on consecutive terms
Term of office
serves as president of the Senate, casts a vote if there is a tie, makes committee assignments, and names committee chairmen
Lt. Governor
leader who is responsible for making sure members of his or her party vote for bills and agendas that the majority party favors
Majority
serves when president of house is absent
Pro tempore
Studies bills before they are sent to the members of legislature for debate
Committee
"wannabe law" The name of law, before it before an actual law
Bill
A legislature consisting of two parts, or houses
Bicameral
To change in a formal way to change for the better
Amend
A formal decision to reject a bill
veto
Senate's presiding officer, also known as the Lt. Governor
President of Senate
acts passed by the legislative branch and approved by the executive branch or acts passed by the legislative branch, vetoed by the president, overruled by the legislative branch
Legislation
presiding officer of House of Representatives
Speaker of the House
leader who is responsible for making sure members of his or her party vote for bills and agendas that the minority party favors
minority
a member of the Georgia Senate, must 25 years of age a resident of Georgia and their district for two years and a Us citizen
Senate
a member of the Georgia House of Representatives must be 21years of age a resident of Georgia and their district for two years and Us citizen
State Representative
A system in which each branch of government is able to check, or restrain the power of the others
Checks and Balances
Principle that the law applies to everyone even those who govern
Rule of Law
The notion that power lies with the people
Popular Sovereignty
A tax on people's earnings. A responsibility of a US citizen
Income Tax
The first ten amendments to the Constitution
Bill of Rights
Any change in the constitution
Amendment
The opening section of the Constitution
Preamble
A form of government in which power is divided between the federal, or national ,government and the states
Federalism
Interprets laws
Judicial
Enforces or carries out laws
Executive
Lawmaking
Legislative
Meeting in Philadelphia of state delegates in 1787 leading to adoption of new Constitution
Constitutional Convection
Verified questions
economics
Given the following values of $\overline { x }$, s, and n form a 90% confidence interval for $\sigma ^ { 2 }$ $$ ( \overline { x } = 167 , s = 31.6 , n = 22 ) $$
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algebra
How many kilometers does a car traveling at a kph cover in one hour?
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finance
Gazelle Corporation’s current-year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. $$ \begin{array}{c} \textbf{GAZELLE CORPORATION}\\ \textbf{Comparative Balance Sheets}\\ \textbf{December 31}\\ \end{array} $$ $$ \begin{array}{lcc} &\underline{\textbf{Current Year}}&\underline{\textbf{Prior Year}}\\[5pt] \textbf{Assets}\\ \text{Cash}&\text{\$\hspace{1pt}123,450}&\text{\$\hspace{5pt}61,550}\\ \text{Accounts receivable}&\text{\hspace{10pt}77,100}&\text{\hspace{10pt}80,750}\\ \text{Inventory}&\text{\hspace{5pt}240,600}&\text{\hspace{5pt}250,700}\\ \text{Prepaid expenses}&\underline{\text{\hspace{10pt}15,100}}&\underline{\text{\hspace{10pt}17,000}}\\ \text{Total current assets}&\text{\hspace{5pt}456,250}&\text{\hspace{5pt}410,000}\\ \text{Equipment}&\text{\hspace{5pt}262,250}&\text{\hspace{5pt}200,000}\\ \text{Accum. depreciation—Equipment}&\underline{\text{\hspace{0pt}(110,750)}}&\underline{\text{\hspace{3pt}(95,000)}}\\ \text{Total assets}&\underline{\underline{\$\text{\hspace{3pt}607,750}}}&\underline{\underline{\text{\$\hspace{1pt}515,000}}}\\[5pt] \textbf{Liabilities and Equity}\\ \text{Accounts payable}&\text{\$\hspace{5pt}17,750}&\text{\$\hspace{1pt}102,000}\\ \text{Short-term notes payable}&\underline{\text{\hspace{10pt}15,000}}&\underline{\text{\hspace{10pt}10,000}}\\ \text{Total current liabilities}&\text{\hspace{10pt}32,750}&\text{\hspace{5pt}112,000}\\ \text{Long-term notes payable}&\underline{\text{\hspace{5pt}100,000}}&\underline{\text{\hspace{10pt}77,500}}\\ \text{Total liabilities}&\text{\hspace{5pt}132,750}&\text{\hspace{5pt}189,500}\\[5pt] \textbf{Equity}\\ \text{Common stock, \$5 par}&\text{\hspace{5pt}215,000}&\text{\hspace{5pt}200,000}\\ \text{Paid-in capital in excess of par, common stock}&\text{\hspace{10pt}30,000}&\text{\hspace{32pt}0}\\ \text{Retained earnings}&\underline{\text{\hspace{5pt}230,000}}&\underline{\text{\hspace{5pt}125,500}}\\ \text{Total liabilities and equity}&\underline{\underline{\$\text{\hspace{1pt}607,750}}}&\underline{\underline{\text{\$\hspace{1pt}515,000}}}\\ \end{array} $$ $$ \begin{array}{c} \textbf{GAZELLE CORPORATION}\\ \textbf{Income Statement}\\ \textbf{For Current Year Ended December 31}\\ \end{array} $$ $$ \begin{array}{lrr} \text{Sales}&&\text{\$\hspace{1pt}1,185,000}\\ \text{Cost of goods sold}&&\underline{\text{\hspace{14pt}595,000}}\\ \text{Gross profit}&&\text{\hspace{14pt}590,000}\\ \text{Operating expenses}\\ \qquad\text{Depreciation expense}&\text{\$\hspace{5pt}38,600}\\ \qquad\text{Other expenses}&\underline{\text{\hspace{6pt}362,850}}\\ \text{Total operating expenses}&&\underline{\text{\hspace{14pt}401,450}}\\ &&\text{188,550}\\[10pt] \text{Other gains (losses)}\\ \qquad\text{Loss on sale of equipment}&&\underline{\text{\hspace{17pt}(2,100)}}\\ \text{Income before taxes}&&\text{\hspace{14pt}186,450}\\ \text{Income taxes expense}&&\underline{\text{\hspace{20pt}28,350}}\\ \text{Net income}&&\underline{\underline{\text{\$\hspace{10pt}158,100}}}\\ \end{array} $$ ``` language Additional Information on Current-Year Transactions a. The loss on the cash sale of equipment was $2,100 (details in b). b. Sold equipment costing$51,000, with accumulated depreciation of $22,850, for$26,050 cash. c. Purchased equipment costing $113,250 by paying$43,250 cash and signing a long-term note payable for the balance. d. Borrowed $5,000 cash by signing a short-term note payable. e. Paid$47,500 cash to reduce the long-term notes payable. f. Issued 3,000 shares of common stock for $15 cash per share. g. Declared and paid cash dividends of$53,600. ``` **Required** Prepare a complete statement of cash flows using a spreadsheet as in the previous exhibit using the *indirect method*. Identify the debits and credits in the Analysis of Changes columns with letters that correspond to the following list of transactions and events. j. Borrowed $5,000 cash by signing a short-term note payable.
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algebra
Find the slope and y intercept of the graph of the following equation. $$ y=3 x+2 $$
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