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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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Langhurst Company sold hardware for $12,000 cash and $18,000 of hardware to credit customers. Which of the following is the corr
lora16 [44]

Answer:

Cash A/c Dr $12,000

Account receivable A/c Dr $18,000

       To Hardware revenues A/c $30,000

(Being the sale of hardware is recorded)

Explanation:

The journal entry is shown below:

Cash A/c Dr $12,000

Account receivable A/c Dr $18,000

       To Hardware revenues A/c $30,000

(Being the sale of hardware is recorded)

Since the sale is taken which increase the current asset i.e cash account and the account receivable by $12,000 and $18,000 respectively so we debited it and the revenue is an income so we credited it

6 0
4 years ago
On May 1, 2021, Cedar Corp. paid $432,000 for rent on warehouse space one year in advance. On November 1, 2021, Cedar Corp. ente
lorasvet [3.4K]

Answer: $324,000

Explanation:

Cedar Corp. paid $432,000 for a year in advance. According to the Accrual principle in Accounting, expenses are to be recorded only when incurred.

The rent will therefore have to be apportioned to the months that it has paid for in the current period.

Rent for year = $432,000

Rent for month = 432,000/12 = $36,000

April - December = 9 months

Rent for the year = 9 * 36,000

= $324,000

Note; <em>Question is about Rent expense which is how much Cedar Corp has paid not about how much they have received. </em>

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3 years ago
Can someone PLEASE help me with this. It says every answer I put in is wrong
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I can't see the question
4 0
4 years ago
Pls help me with this, I've been stuck for like 20 minutes​
Aneli [31]

Answer:

B ang answer in my opinion

Explanation:

sorry...hope it helps:)

7 0
2 years ago
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NextStep Global is a consultation firm that specializes in preparing businesses for international negotiations. What action is N
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Answer:

Ensure a senior executive is present at business negotiations

Explanation:

The action action NextStep Global is likely to suggest in order to ensure influence at the headquarters is that a senior executive is made available at round-table negotiation discussion at the headquarters so as to bring the desired influence.

The rationale for this is that the set of people whose work station is the headquarters are senior people,hence would not be disposed with having discussions with just a mere employee who cannot be said to represent the company.

3 0
3 years ago
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