All categories

1 year ago

True or false: in situations where an annual budget deficit exists, cutting expenses from the budget is optimal.

1 answer:

5 0

The statement in situations where an annual budget deficit exists, cutting expenses from the budget is optimal is True.

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

Budget deficit tend to occur when the expenses or expenditure is higher then the revenue.

Cutting down expenses from the budget is most desirable if we want to have budget surplus. Budget surplus is when revenue is higher than expenditure.

Therefore the statement in situations where an annual budget deficit exists, cutting expenses from the budget is optimal is True.

Learn more about budget deficit here:brainly.com/question/26010226

#SPJ1

You might be interested in

The adoption of specific ground rules that specify acceptable behaviors by project team members can improve working relationship

jok3333 [9.3K]

Answer:

TRUE

Explanation:

The work projects are formed by teams with people of different nature, opinions and skills, which represents the plurality and diversity of human representation. These people act with a common goal, the project, and must have a harmonious and efficient relationship. For this, it is necessary to adopt a standard of rules that specify the suitability of behaviors and responsibilities of each one in the project. Each company adopts its own standard of rules that best suits it so that there is harmony and efficiency in human relations and the project outcome.

6 0

3 years ago

In the United States, which assessment system measures Inflation?

DedPeter [7]

Answer:

Explanation:

it gives out a full explanation of what the question is mainly asking

8 0

2 years ago

If you’re tired of managing a large number of work utilities to perform specialized tasks outside the office, it might be worth

goldenfox [79]

One must invest in an end user when he wants to manage a large number of work utilities. By definition, an end user is defined as the one that uses a fully developed product. These people are very useful because the company would ensure that all bugs and defects would be fixed right away.

3 0

3 years ago

Read 2 more answers

Free Brainlist lol <br><br> Me You<br> (☞ﾟヮﾟ)☞ ☜(ﾟヮﾟ☜)

dem82 [27]

fhjdjsndfhndjdmkdjdjdj

6 0

2 years ago

Read 2 more answers

Duc has been employed by Longbow Corporation for 25 years. During that time, he bought an annuity at a cost of $50 per month ($1

Arte-miy333 [17]

Answer:

a. How much gross income does Duc have from the contract in the current year?

According to the IRS, Duc's life expectancy is 90 years and 8 months, or 310 more months. This means that Duc can discount from his monthly income $15,000 / 310 = $48.39 (which we must round down to $48).

Duc received 8 x $200 = $1,600

deductions = 8 x $48 = $384

taxable income = $1,216

b. Assume that Duc dies on April 2, 2025. How does Annika account for the contract in 2025?

Annika should account for the contract in the same way as Duc did, and will also be able to discount $48 per month form her gross income. Since Annika will still file her taxes as married during 2025, she will report net income from this contract = ($200 - $48) x 12 months = $1,824

c. Assume the same facts as in part b and that Annika dies on August 4, 2032. How does the executor of Annika's estate account for the contract in the year of her death?

Both Duc and Annika received [(2032 - 2019) x 12] + 4 = 160 payments in total, so her estate is entitled to a tax deduction = (310 - 160) x $48 = $7,200

Since she died on August, her estate must also report income = ($200 - $48) x 8 = $1,216

3 0

3 years ago