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Nuetrik [128]
1 year ago
13

lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry abou

t trade with other countries. total spending for the federal government of lilliput for the last fiscal year was $24.19 billion. the country collected $22.9 billion in taxes during this same fiscal year. assume government transfers were zero. based on this information, what is lilliput's budget balance? enter your answer to two decimal places. budget balance: $ 1.29 billion
Business
1 answer:
zhannawk [14.2K]1 year ago
7 0

-0.01 billion is lilliput's  a budget deficit. Total expenditure minus total receipts is the fiscal deficit (excluding borrowings). Revenue outlays plus capital outlays are equal to the revenue inflows plus capital inflows minus borrowings.

Despite being primarily utilised by governments, this has a wide range of applications for both people and companies. A government has a budget deficit when it spends more in a given inflows than it brings in the through taxes, for example. As a straightforward illustration, consider a government that receives $10 billion in revenue one year but spends $12 billion, creating a $2 billion budget deficit.

To learn more about  budget deficit, click here.

brainly.com/question/29602763

#SPJ4

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The global athletic footwear market is expected to experience only very slow growth over the next several years. Nike is the mar
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Answer:

The answer is: A) Nike will probably have to invest heavily in the athletic shoe business, including extensive promotions and new production facilities.

Explanation:

Athletic shoe business is Nike´s cash cow, it can not afford the risk of not investing in it. Even if the market´s growth rate slows down there will always be serious competitors willing to replace them as No. 1 (Adidas). It is a very competitive industry all around the world. So the moment Nike lowers its guard, Adidas will attack them furiously.  

As the market leader Nike needs to constantly invest in new promotions and new technology. It has to fight to keep their share of the market growing, because once it reaches its zenith, then the only way to go is down. If Nike´s shoe business goes down, the whole company´s sales will go down since other business units are complementary to it.

3 0
3 years ago
What do students buy when they pay tuition
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Answer: on edge it's B the right to attend classes at a school...

Explanation:

3 0
3 years ago
Read 2 more answers
Piper, a US citizen owns 100% of the stock of FORco, a foreign manufacturing and sales subsidiary. In 2020, FORco had $10 millio
ss7ja [257]

Answer:

$70000

Explanation:

We have been give in this question that a 100 percent of FORcos share belongs to piper. He owns a 100 percent fully. Piper has to include that which he deposited. 7 million dollars of 2 percent

= 7million dollars x 1 percent

= 7000000 x 0.01

= $70000

So piper has to include in gross income her share of FORcos f income for investment in united states property and this has been calculated as 70000

5 0
3 years ago
Connors Corporation acquired manufacturing equipment for use in its assembly line. Below are four independent situations relatin
vovikov84 [41]

Answer and Explanation:

The journal entries are shown below:

A. Equipment    $24,500 ($25,000 × 98%)  

        To Accounts Payable  $24,500

(Being the equipment is purchase on account)

B. Equipment $24,545

       Discount on Notes Payable $2,455

                   To Note Payable $27,000

(Being note payable is recorded)

C. New Equipment $24,500

Accumulated Depreciation $8,000

Loss on Equipment $3,500  

         To Cash $22,000

         To Old Equipment  $14,000

(Being equipment is recorded)

D. Equipment $24,000

            To Common Stock $24,000

(Being equipment purchased)

5 0
3 years ago
[Book Sale] Yasmeen offered to sell Dylan a used business law book for $50. She told him that he could use it in his upcoming bu
Ksivusya [100]

Answer:

B. he was the offeree

Explanation:

Yasmeen offered to sell Dylan the book, this makes her the Offeror. the agreement consists of an offer made by one party which is Yasmeen to enter int a term of contract and also acceptance of the terms of the offer by the other party Dylan. dylan is the offeree.

the 50 dollar to be provided by dylan and the book to be provide by Yasmeen is known as consideration. Since the parties have a mutual misunderstanding, they did not come to a meeting of the minds hence no contract.

7 0
3 years ago
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