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dimaraw [331]
2 years ago
5

Why did the Confederation Congress have trouble meeting its financial obligations needed to fund government business

Business
1 answer:
Lina20 [59]2 years ago
7 0

Because it did not have the power to levy taxes.

<h3>What is levy taxes?</h3>

A levy is the formal taking of your assets to pay off a tax debt. Liens are distinct from levies. A levy actually takes the property to pay the tax bill, whereas a lien only makes a legal claim against the property to secure payment of the tax debt.

Why did the Confederation Congress have trouble meeting?

The Confederation Congress struggled to satisfy its financial responsibilities needed to sustain government operations because it lacked the authority to charge taxes.

Learn more about levy taxes here brainly.com/question/2631725

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Answer:

Consider the following calculations

Explanation:

The price per share is computed as shown below:

Present value of equity is computed as follows:

= $ 10 million / 0.13

= $76,923,076.92

Now we shall divide it by the number of shares to get the price per share

= $76,923,076.92 / 5,000,000

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3 years ago
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katen-ka-za [31]

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Suppose, you have $20,000 in your account. You receive a monthly
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Answer:

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________________________

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