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dedylja [7]
2 years ago
12

If, in a specific year, exports are $40 billion, business expenditures are $60 billion, the government collects $50 billion in t

ax revenues and public expenditures are $70 billion, then there is a fiscal deficit equal to ________.
Business
1 answer:
katovenus [111]2 years ago
3 0

The fiscal deficit for the government for the current year will be $20 billion for the given condition.

<h3>What is fiscal deficit?</h3>

The condition where there is an excess of expenditures over the income during a given financial period, it is known as fiscal deficit. The computation of fiscal deficit using the formula and the given information will be,

Fiscal Deficit = (Total Income – Total Expenditure)

Fiscal Deficit = $50 billion – $70 billion = -$20 billion

Hence, option C holds true regarding fiscal deficit. The complete question has been attached in the image for better reference.

Learn more about fiscal deficit here:

brainly.com/question/23795227

#SPJ1

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fiasKO [112]

Answer:

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Explanation:

5 0
2 years ago
Information pertaining to Noskey Corporation’s sales revenue follows: Nov 2018 (Actual) Dec 2018 (Budgeted) Jan 2019 (Budgeted)
Pani-rosa [81]

Answer:

1) Budgeted cash collections for December 2018 from November 2018 Sales - $ 100,320

2) Budgeted total cash collections for January 2019 - $ 221,880

3)  Budgeted total cash payments for December 2018 - $ 135,420

Explanation:

Computation of cash collections for December 2018 from November 2018

Credit Sales for November 2018                                                   $ 264,000

Less: Uncollectible sales - 5 % of credit sales                              <u>$ (  13,200)</u>

Collectible sales                                                                              $ 250,800

Percentage of collectible sales in month of sales- 60 %             <u>$ (150,480)</u>

Percentage of collectible sales in next month -Dec 18 - 40 % $ 100.320  

Computation of total cash collections for January 2019

Cash collections from December sales

Credit sales for December 2018              $ 388,000

Less 5 % Uncollectible sales                    <u>$ ( 19,400)</u>

Collectible sales                                        <u>$ 366,600</u>

Collections in month subsequent to sale 40 % * $ 366,600      $  147,400    

Cash collections from Januray 2019 sales

Credit sales for Janaury 2019                  $ 196,000

Less: 5 % uncollectible sales                   <u>$(    9,800)</u>

Collectible sales                                       $  186,200                      

Collections in month of sale 60 % * $ 186,200                          <u>$    74,480</u>

Total collections for January 2019                                            <u>$ 221,880</u>

Computation of cash payments for December 2018

Purchases for December 2018 sales - 30 % of $ 388,000       $ 116,400

Purchases for January 2019 sales - 70 % of $ 196,000             <u>$ 137,200</u>

Total purchases for December 2018 on selling price             <u>$ 253,600</u>

Purchases  are 60 % of selling price - $ 253,600 * 60 %         <u> </u><u>$ 152,160</u>

Payments for December purchases  25 %      (A)                 <u> </u><u>$    38,040</u><u> </u>          

Purchases for November 2018 sales - 30 % of $ 264,000       $    79,200

Purchases for December 2018 sales - 70 % of $ 388,000       <u>$   137,200</u>

Total purchases for November 2018 on selling price             <u>$</u>    216,400

Purchases  are 60 % of selling price - $ 216,400 * 60 %         <u> </u><u>$    129,840</u>

Payments for November  purchases  75 %          (B)            <u> </u><u>$    97,380</u>

Total payment for purchases in December 2018  (A) + (B)    <u>$  135,420  </u>    

3 0
3 years ago
Which of the following is approximately the Value at Risk at 5 percent of a portfolio of $10 million of asset A, whose expected
Alexandra [31]

Answer:

A. $5.6 million

Explanation:

Value at risk is the minimum value of portfolio that is considered to lose in case of certain event or volatility. There are two assets in the given scenario and both of them have worth of $10 million. The correlation between them is 0.1 which means there is low strength relationship between the two assets. The value at risk can be found by:

($10 * 5% * 20%) + ($10 * 16% * 25%) * log 1.65

= 5.6 million

7 0
3 years ago
Predetermined overhead rate LO P3 At the beginning of a year, a company predicts total direct materials costs of $920,000 and to
timofeeve [1]

Answer:

145%

Explanation:

Given that,

Company predicts total direct materials costs = $920,000

Total overhead costs = $1,330,000

Predetermined Overhead rate:

= (Total overhead cost ÷ Total direct material cost) × 100

= ($1,330,000 ÷ $920,000) × 100

= 1.45 × 100

= 145%

Therefore, the predetermined overhead rate it should use during the year is 145%.

6 0
3 years ago
Penny decided that the interest shown by the East Rutherford, N.J., Gay, Lesbian, Bisexual, and Transgender Alliance justified f
Tpy6a [65]

Answer:

Total Annual Expense = $173040

Explanation:

Note: This question is incomplete and lacks the data and instruction for the question to solve it. I have retrieved its data from the internet. However, I will be solving this by using the data to find out the expenses portion of an annual income statement.

Solution:

Data Given:

Rent = $1000 of a month

Owner Salary = $500 per week

Employee Wages = $10 an hour

Total employees = 4

Working hours = 40 hours work week

Working weeks in year = 52 weeks.

Payroll Expense = 20% of the total compensation

Shipping = $250/week

Insurance = $50/week

Office Supplies = $25/week

Acct/Legal = $50/week

Utilities = $200/week

Misc = $100/week

Following is the expenses portion of an annual income statement for Penny blossoms:  

Rent = $1000 x 12 = $12000

Owner Salary = ($500 x 4) x 12 = $24000

Employee Wages = $10 an hour = (10 x 40) x 52 x 4 = $83200

Payroll Expense = 20% of the total compensation = 20% x ($83200 + $24000) = $21440

Shipping =  $250/week  = (250 x 4) x 12 = $12000

Insurance = $50/week  = (50 x 4) x 12 = $2400

Office Supplies = $25/week = 25 x 4 x 12 = $1200

Acct/Legal =  $50/week = 50 x 4 x 12 = $2400

Utilities = $200/week = 200 x 4 x 12 = $9600

Misc = $100/week  = 100 x 4 x 12 = $4800

Total Expense is the sum of all annual expenses.

Total Expense = $173040

4 0
3 years ago
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