In Addition to Federal Monies, Which Two Other Sources in Recent

question 21

Multiple Choice

In addition to federal monies, which two other sources in recent years have had a major impact on monies flowing into the state budget?

• A) the alcoholic beverage tax and utility tax
• B) the inheritance tax and hotel tax
• C) the cigarette and tobacco taxes and motor fuel tax
• D) the oil production tax and natural gas production tax
• E) the state lottery and the settlement the state reached with tobacco companies

---

Definitions:

Ending Inventory

The total value of a company's merchandise, raw materials, work-in-progress, and finished goods at the end of an accounting period.

Ceiling Constraint

In accounting, the maximum value that inventory can be reported at, ensuring that assets are not overstated.

Floor Constraint

A limitation in inventory accounting that prevents the value of inventory from being reported below a certain level.

Normal Profit Margin

The average amount by which a company's gross profits exceed its production costs, excluding any extraordinary items or windfalls.