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2 years ago

Which of the following is a TRUE statement about arguments for and against requiring a balanced federal budget in the U.S.?

Business

2 answers:

r-ruslan [8.4K]2 years ago

7 0

Answer:

1 true

2true

3false

Mark me brainliest

Gnesinka [82]2 years ago

3 0

One argument against a required balanced federal budget is that sometimes it is necessary or beneficial to run large budget deficits in the short-run is a TRUE statement about arguments for and against requiring a balanced federal budget in the U.S. Thus, option A is correct.

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

"A budget can be defined as financial planning. In a budget, there are various factors that are to be considered. And according to them, financial budget tour planning is done where expenditure and their amount are predicted."

One defense of a compulsory balancing government budget is that there are times when it is desirable or advantageous to run significant short-term imbalances. This was to make sure that the budget that is presented is covering all the important factors.

Therefore, option A is the correct option.

Learn more about budget, here:

brainly.com/question/18803390

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Most economists believe that a cut in tax rates ___________.

Stolb23 [73]

Answer:

The correct answer is (B)

Explanation:

Tax is applied to decrease the budget deficit, as it helps to improve the government's revenue. Overall, a cut in tax rates has many benefits on the general economy, such as an increase in demand, and a decrease in inflation. Most economists believe that a cut in tax rates will positively affect the aggregate demand due to a decrease in overall prices of goods and services.

8 0

3 years ago

On January 1, Year 5, customers owed Eagle $40,000. On December 31, Year 5, customers owed Eagle $30,000. Eagle uses the direct

irinina [24]

Answer:

$200,000

Explanation:

The computation of the net revenue is shown below:

= Cash sales gross - Returns and allowances + credit sales gross - discounts + beginning balance of account receivable - ending balance of account receivable

= $80,000 - $4,000 + $120,000 - $6,000 + $40,000 - $30,000

= $200,000

We simply first compute the net cash sales after considering the returns and allowances, and net credit sales after considering the discounts, and deduct the ending balance of account receivable

3 0

3 years ago

Assuming a FICA tax rate of 7.65% on the first $127,200 in wages, 1.45% on amounts in excess of $127,200, and a federal income t

Lelechka [254]

Answer:

$154524

Explanation:

If a federal tax rate is 20% on all wages then we subtract that amount from the total wage of $206000 for the year

20% from $206000 is $41200

$206000 - $41200 = $164800

We have deducted the federal tax rate and got the amount $164800

After we apply the FICA tax rate of 7.65% on the amount $127200 we get

7.65% of $127200 is $9730,8 so the first amount we have to remember is

$127200 - $9370,8 = $117469,2

Regarding the amount that excess $127200 that amount stands at

$164800 - $127200 = $37600

We apply the 1.45% rate to the amount $37600

1.45% of the $37600 is $545,2 so the second amount we have to remember is

$37600 - $545,2 = $37054,8

We now simply add the two calculated amounts

$117469,2 + $37054,8 = $154524

So the net pay for the year is $154524

7 0

4 years ago

Suppose for a particular year a firm had comprehensive income of $9,000, a beginning book value of equity of $76,000, and an end

spin [16.1K]

Answer:

B. $8000

Explanation:

Given that

Income = $9000

Beginning book value = 76000

Ending book value = 77000

Dividends = Income + beginning book value of equity - ending book value of equity.

Therefore,

Dividends = 9000 + 76000 - 77000

= 85000 - 77000

= $8000

Thus, dividends for the following year given the following data is = $8000

5 0

4 years ago

Read 2 more answers

For each separate case, record the necessary adjusting entry. On July 1, Lopez Company paid $2,800 for six months of insurance c

Lunna [17]

Answer:

a. Date Account Title and Explanation Debit Credit

Insurance Expenses $2,800

Prepaid Insurance $2,800

(To record 6-month Insurance coverage expired)

b. Date Account Title and Explanation Debit Credit

Supplies Expenses $10,200

Supplies $10,200

(8,200 +3,600 - 1,600)

(To record supplies consumed during the year)

3 0

3 years ago