1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Select the correct statement from the following,assuming Carmichael Company had a favorable direct materials price variance of $
Murljashka [212]

Answer:

Total direct material variance= $1,000 favorable

Explanation:

Giving the following information:

Company had a favorable direct materials price variance of $3,000 and an unfavorable direct materials usage variance of $2,000.

<u>To calculate the total direct material variance, we need to use the following formula:</u>

<u></u>

Total direct material variance= price variance +/- quantity variance

Total direct material variance= 3,000 - 2,000

Total direct material variance= $1,000 favorable

4 0
3 years ago
Emma is planning how much she needs to make next week. She can only work 25 hours, and she needs to make a total
Mademuasel [1]

Answer:

$24.8 per hour.

Explanation:

Emma can only work for 25 hours in a week.

Total she needs to make =$620.

So, each hour she has to make sales worth =620/25 =$24.8

3 0
2 years ago
Read 2 more answers
During the recent economic crisis, many financial managers and corporate officers have been criticized for (a) poor decisions, (
Ksju [112]
<span>During the recent financial crisis, many financial managers and corporate officers have been criticized for (c) Large salaries. This criticism is certainly justified given that most executives received exorbitant compensation despite a plunge in the value of their companies. Thus, their salaries are not justifiable as they are not serving the needs of the shareholders whose interest they should serve. </span>
7 0
3 years ago
Soccer Wholesale purchased land and a warehouse for $990,000. In addition to the purchase price, Soccer Wholesale makes the foll
Elan Coil [88]

Answer:

Cost of land= $1,124,100

Explanation:

<em>According to International accounting standards(IAS) 16 ,The cost of land includes purchase cost plus all other costs necessary to bring and make it ready for the intended use. </em>

<em>These costs include purchase cost, fees and commission associated with the purchase transaction. </em>

Further more, included in the historical cost are the net demolition cost of old structure to prepare the land for use. Net cost here means cost of demolition less any incidental proceed from the old structure.

However, remember that land is not depreciated because it has an infinite life span.

So using the historical cost principle the cost of the land

Cost of land = 990,000 + 49,600 +2300 + 6, 900 + 75,300=  1,124,100.00

Cost of land= $1,124,100

6 0
2 years ago
An organization of investors usually in the form of a limited partnership who have joined together for the purpose of pooling ca
Nutka1998 [239]

An organization of investors usually in the form of a limited partnership who have joined together for the purpose of pooling capital for the acquisition of real property interests is known as a Real Estate Syndicate.

An organization is a group of people working together, such as a neighborhood association, charity, union, or business. The word organization can be used to refer to a group or enterprise or the act of forming or establishing something.

An organization is an official group of people such as a political party, business, charity or club. Most of these vocational schools are provided by volunteer organizations. ... Reported by the International Labor Organization. Synonyms: Synonyms for groups, companies, associations, associations, and organizations.

Learn more about organization here:brainly.com/question/19334871
#SPJ4

6 0
1 year ago
Other questions:
  • Political unrest in countries often creates a hostile environment for foreign businesses and can act as a barrier to internation
    11·1 answer
  • U.S. car dealers sell both used cars and new cars each year. However, only the sales of the new cars count toward GDP. Why does
    15·1 answer
  • A Las Vegas hotel want to provide to bear experience for a rep for its rapidly growing custom made base from China at the hotel
    10·1 answer
  • Help please Briefly explain how technology affects promotional strategies.
    14·1 answer
  • Every month, Olivia receives a bill in the mail from her mortgage company. By the first of each month, she must send back her pa
    8·1 answer
  • How To Get To London Southend Airport Taxi?
    13·1 answer
  • To improve its standard of living, a nation’s economy must _____.
    5·1 answer
  • Volume-based rates are appropriate in situations where the incurrence of factory overhead?
    12·1 answer
  • If real income rises 4%, prices rise 1%, and nominal money demand rises 4%, what is the income elasticity of real money demand?
    9·1 answer
  • With reference to the communication process, the ________ is the medium through which the message travels
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!