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
Elden [556K]
3 years ago
7

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 In the last fiscal year, Lilliput was running a budget surplus a budget deficit a balanced budget
Business
1 answer:
Sophie [7]3 years ago
5 0

Answer:

The budget balance is -$1.29 billion.In the last fiscal year, Lilliput was running a budget deficit of $1.29 billion.

Explanation:

The budget balance of a country can be used to determine weather the country is running a budget surplus or deficit. This can be expressed as;

B=R-E

where;

B=budget balance

R=total revenue in the form of taxes

E=expenditure

In our case;

B=unknown

R=$22.9 billion

E=$24.19 billion

replacing;

B=22.9-24.19=-$1.29

The budget balance is -$1.29 billion.In the last fiscal year, Lilliput was running a budget deficit of $1.29 billion.

You might be interested in
Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answe
GaryK [48]

Answer:

Option 1 and 2

Explanation:

Complete Question

Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers?

CHECK ALL THAT APPLY.

  1. High school athletes stop shopping there.
  2. The inventory of sports socks goes unsold.
  3. Publicity for the store declines.
  4. Profits decline because dress shoes cost less than sneakers

Solution

Sole Sister Shoe Store chooses to sell dress shoes over sneakers because  the customers of sneakers stopped shopping from the store. Sneakers are mainly purchased by the high school athletes over any other footwear. Now, they stopped shopping and hence  Sole Sister Shoe Store started selling dress shoes

Also, sports socks' inventory is unsold indicating the reduction in sale of sneakers and hence the Sole Sister Shoe Store started selling dress shoes

7 0
3 years ago
A card from a 52 card deck is lost. We then draw 2 cards from the 51 remaining cards. What is the probability they are both diam
Nonamiya [84]

Answer:

\frac{1}{17}

Explanation:

Let D be the event that the lost card is a diamond

and D' be the event that the lost card is a non diamond

Therefore,

P(D) = \frac{13}{52} = 0.25

P(D') = \frac{39}{52} = 0.75

Now,

Event that the cards picked up are both diamonds = A

Thus,

P( A | D) = \frac{12}{51 }\times\frac{11}{50}               [ As One Diamond Card is lost ]

And,

P(A | D') = \frac{13}{51}\times\frac{12}{50}                [ As One Non-Diamond card is lost ]

Therefore,

P(A) = P(D) × P(A | D) + P(D') × P( A | D')  

= 0.25 × \frac{12}{51 }\times\frac{11}{50}  + 0.75 ×  \frac{13}{51}\times\frac{12}{50}

= \frac{1}{17}

3 0
3 years ago
A company wants to market different types of shampoo using color-coded bottles, lids, and label print. It has four different col
Oxana [17]

Answer: 40 types

Explanation:

From the question, we are informed that a company wants to market different types of shampoo using color-coded bottles, lids, and label print and that the company has four different colors of lids, five different colors of bottles, and two different colors of print for the label available.

To calculate the different types of shampoo that the company can package, we use the multiplication principle. This will be:

= 4 × 5 × 2

= 40 types

7 0
3 years ago
Please answer i m confused
valentinak56 [21]

False heebejeebiesweebies

4 0
3 years ago
Read 2 more answers
The Procter & Gamble Company is a major producer of bar soaps. In fact, Procter & Gamble produces Ivory,Camay, Lava, Saf
Jet001 [13]

Answer: (D) Product line

Explanation:

 The product line is basically refers to the group of the product in which the similar company or organization selling their products and brands.

In the product line concept, the companies are basically expanding their business by selling their existing products according to the customer requirement and the usability. It is also known as marketing and the product strategy for increase their productivity.

Therefore, Option (D) is correct.    

5 0
3 years ago
Other questions:
  • The Revenue Reconciliation Act of 1993 modified the 1986 passive loss restrictions by allowing individuals who materially partic
    12·1 answer
  • The effect of bulky or heavy products on transportation costs can make _______ an inappropriate strategy.
    7·1 answer
  • PLEASE HURRY!!!!!!
    6·2 answers
  • Home-based entrepreneurs should focus on _____.
    15·1 answer
  • Cam Pewter needs to print a few papers for his English class this semester. He doesn't need to print photos or scan any document
    11·2 answers
  • Common stock​ value: Constant growth The common stock of Barr Labs​ Inc., trades for ​$120 per share. Investors expect the compa
    15·1 answer
  • When an asset is sold, a gain occurs when the:______.
    14·1 answer
  • You work for an advertising agency. You have been assigned to come up with an advertising campaign for a new brand of designer w
    6·1 answer
  • QUESTION 13 of 20: You own a dance studio. You have assets of $512,667 and equity of $268,964. What is your liabilities total?
    10·1 answer
  • On January 1, Year 1, Lowing Company acquired a patent from Generics Research Corporation for $3 million. The legal life of the
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!