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
Briefly explain how the government uses taxation as a redistribution method
crimeas [40]

Answer:

The purpose of this is to increase economic stability.

8 0
3 years ago
An account with a financial institution used to pay taxes and insurance is called _____
Otrada [13]

An account with a financial institution used to pay taxes and insurance is called An escrow account.

Answer is An escrow account

5 0
3 years ago
Read 2 more answers
Alpha Technology produces two products: a high-end laptop under the label Excellent Laptops and an inexpensive desktop under the
s2008m [1.1K]

Answer:

Alpha Technology

Outstanding Computer's consumption ratio for setup hours is:

b. 0.48

Explanation:

a) Data and Calculations:

Overhead activities and costs:

Setting up equipment $3,000

Machining $15,000

                                            Excellent      Outstanding

                                             Laptops        Computers

Direct Labor                         $25,000         $10,000

Direct Materials                   $20,000          $5,000

Expected Production in Units 3,000             3,000

Machine Hours                           850             2,000

Setup Hours                                  80                  75

Total setup hours = 155 hours

Outstanding Computer's consumption ratio for setup hours = 75/155 * 100

= 48%

8 0
3 years ago
____ is the process of gathering, storing, accessing, and analyzing data about a company in order to make better business decisi
scoundrel [369]

Every process that has to do with <em>gathering, storing accessing and analyzing data</em> for a company to make business decisions is referred to as: Business Intelligence.

The business world is faced with many vagaries such as risks and uncertainties. Every business intends to <em>minimize cost and maximize profits</em>. In order to do this, wise and better decisions must be made daily.

For business decisions to be made, <em>predictive views, data mining, process analysis, descriptive analytics, and performance benching</em> are all business intelligence entails.

  • Therefore, every process that has to do with <em>gathering, storing accessing and analyzing data</em> for a company to make business decisions is referred to as: Business Intelligence.

Learn more here:

brainly.com/question/21765674

7 0
2 years ago
When a movie theater charges a lower ticket price for senior citizens and/or students, the movie theater is engaging in_________
MariettaO [177]

Answer:

b) third-degree price discrimination.

Explanation:

The price gouging happens on prices when is carried out by the seller, goods, services or goods to a higher level than what is considered acceptable or fair and potentially considered unethically. This usually occurs after a demand or supply shock. Common examples include price increases for basic needs after hurricanes or other natural disasters.

First-degree discrimination (perfect price discrimination) appears when a business charges the maximum possible price for each unit consumed because prices are diverse among some units. In this case, where a company charges a different price for every good or service sold.

Second-degree price discrimination is the concept in which a company charges a different price when there are demands for different quantities consumed, such as quantity discounts on bulk purchases.

Third-degree price discrimination is the case in which a company charges a different price to different consumer groups. This is the type of most common type of price discrimination. If we see in the question there is given distinctive ticket price offers to senior citizens and/or students. That’s why we should choose third-degree price discrimination.

8 0
3 years ago
Other questions:
  • Does anyone know how much smart boards are?
    10·2 answers
  • What best states the purpose of advertising?(Econ)
    13·1 answer
  • Looking at the relationship between elasticity and total revenue, we can say that
    7·1 answer
  • Stores that carry a broad product line, with limited depth, are referred to as
    8·1 answer
  • When a swimming park owner charges $4.00 for admission, there is an average attendance of 100 people. For every $0.20 increase i
    8·1 answer
  • Prepare calculations for the following, and explain your computations: Variable cost: The unit rate is $0.25, and the actual hou
    8·1 answer
  • Headland Company loans Sarasota Company $2,190,000 at 6% for 3 years on January 1, 2020. Headland intends to hold this loan to m
    15·1 answer
  • The sales returns and sales allowances accounts are classified as
    9·1 answer
  • How can support units deliver functional and services to support the organization?
    8·1 answer
  • Companies like my​ gym, which seek to do business in new markets for manufacturing​ and/or marketing​ purposes, have many potent
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!