Answer:
The correct answer is A) Debt increased by $1.6 trillion
Explanation:
To find whether the government has a surplus or a deficit, we use this simple formula:
Govt surplus/deficit = G-T
where G = government outlays, and T= government revenue or taxes.
- If G > T Government has a deficit
- if G = T Government has a balanced budget
- if G < T Government has a budget surplus
Now, we simply replace the terms
- Govt surplus/deficit = $3.8 billion - $2.2 trillion = $1.6 billion
Because in this equation G > T, the government is in deficit, the deficit equals $1.6 billion, and will have to be financed by issuing debt. Hence, debt will increase by the same amount.
Answer:
cyclical pattern
Explanation:
In the given situation, it is mentioned that the data represent an upward trend and it shows an downward trend for exact 32 months and 9 months so here we can say that the data should be of cyclical in nature
So as per the given situation, it is the cyclical pattern
Therefore the same to be considered and relevant
Answer:
The $286,900 is the net cash which is provided by the operating activities using the indirect method.
Explanation:
The computation of net cash provided by operating activities using the indirect method is shown below:
= Net income - decrease in accounts receivables - increase in prepaid expenses - increase in inventories
= $268,900 + $80,000 - $28,500 - $33,500
= $286,900
The decrease in accounts receivable impact the cash balance in a positive manner. So, it is added whereas, the increase in prepaid expenses and the increase in inventories have a negative impact on cash balance that's why it is deducted.
These transactions have an inflow and outflow of cash. That's why the adjustment is done accordingly
Hence, the $286,900 is the net cash which is provided by the operating activities using the indirect method.
Answer:
You will purchase the potato chips after dawn and be happy. When you come home, you realize that your dog died. You cry to sleep. The next morning, you wake up and eat breakfast in a depressed mood.
Explanation:
