The meaning of making "difficult choices" when creating a federal budget is: D. deciding what will be funded and what will be cut.
<h3>What is a federal budget?</h3>
A federal budget refers to a financial plan that is typically used by the government for the estimation of the revenue (taxation) and expenditures (spending) of a country over a specified period of time, which is often one year.
This ultimately implies that, making "difficult choices" when creating a federal budget simply means to decide what will be funded by the government and what will be cut from the budget.
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If a consumer believes that the price of the good will be higher in the future he is more likely to purchase the good now. If the consumer expects that her income will be higher in the future the consumer may buy the good now. In other words positive expectations about future income may encourage present consumption.
121.67 days
Days in inventory is a measure of the average number of days that inventory is held.
365 days / ($285,000 / (80000+110,000)/2))
365 / (285,000 / {190,000/2})
365/ (285000/95000)
365/3 = 121.67 (rounded)
Answer:
6.37%
Explanation:
Annual yield is the annual dividend yield of a bond.
Formula for annual yield = Annual dividend amount / Current price of the bond
Annual dividend amount = Annual interest rate * Face value
= 6% * $5,000
= <u><em>$300</em></u>
Current price = 94.125 means that the bond price is 94.125% of the Face value
Current price = 0.94125* 5000 = <u><em>$4,706.25</em></u>
Therefore, annual yield = 300/4,706.25 = 0.0637 or 6.37%
