If you are in a hostile emergency situation, you should contact everyone you know using as many telephone lines as possible

dexar [7]

The act that created a “pay-as-you-go” system that requires Congress to raise enough revenue to cover increases in direct spending

B. the 1990 Budget Enforcement Act

Question2 Every hour, the federal government spends about

B. $250 thousand

Explanation:

The act came as a response to the impending recession the western markets in the 1990 fiscal year which was to hit USA particularly hard. This came as a result of and in contrast with many conservative measures taken by the President George W Bush Sr up until that point.

The president had been saying till then that the opposition and the population could read his lips that there will not be new taxes.

It did happen though as this law allowed the government to increase taxation rates to cover governmental spending.

4 0

3 years ago

Read 2 more answers

All of the current year's entries for Zimmerman Company have been made, except the following adjusting entries. The company's an

bearhunter [10]

Answer:

1) adjusting entries

a. On September 1 of the current year, Zimmerman collected six months' rent of $8,520 on storage space. At that date, Zimmerman debited Cash and credited Unearned Rent Revenue for $8,520.

Dr Unearned rental revenue 5,500

Cr Rental revenue 5,500

b. On October 1 of the current year, the company borrowed $13,200 from a local bank and signed a one-year, 12 percent note for that amount. The principal and interest are payable on the maturity date.

Dr Interest expense 396

Cr Interest payable 396

c. Depreciation of $3,000 must be recognized on a service truck purchased in July of the current year at a cost of $24,000.

Dr Depreciation expense 3,000

Cr Accumulated depreciation 3,000

d. Cash of $3,600 was collected on November of the current year, for services to be rendered evenly over the next year beginning on November 1 of the current year. Unearned Service Revenue was credited when the cash was received.

Dr Unearned service revenue 600

Cr Service revenue 600

e. On November 1 of the current year, Zimmerman paid a one-year premium for property insurance, $9,960, for coverage starting on that date. Cash was credited and Prepaid Insurance was debited for this amount.

Dr Insurance expense 1,660

Cr Prepaid insurance 1,660

f. The company earned service revenue of $4,200 on a special job that was completed December 29 of the current year. Collection will be made during January of the next year. No entry has been recorded.

Dr Accounts receivable 4,200

Cr Service revenue 4,200

g. At December 31 of the current year, wages earned by employees totaled $13,700. The employees will be paid on the next payroll date in January of the next year.

Dr Wages expense 13,700

Cr Wages payable 13,700

h. On December 31 of the current year, the company estimated it owed $490 for this year's property taxes on land. The tax will be paid when the bill is received in January of next year.

Dr Property taxes expense 490

Cr Property taxes payable 490

2) Assets = Liabilities + Stockholders’ Revenues - Expenses = Net

Equity Income

a. na - + + na +

b. na - - na - -

c. - na - na - -

d. na - + + na +

e. - na - na - -

f. + na + + na +

g. na + - na - -

h. na + - na - -

5 0

3 years ago

For fixed-rate bonds it's important to realize that the value of the bond has a(n)-Select relationship to the level of interest

pogonyaev

Answer:

Answer is explained in the explanation section below.

Explanation:

It's necessary to remember that the value of fixed-rate bonds is inversely proportional to the level of interest rates. The value of the bond decreases as interest rates rise; moreover, the value of the bond rises as interest rates fall. A Bond with a lower coupon sells for less than its face value. When the going rate of interest is higher than the coupon rate, this condition arises. The value of the asset would increase over time. A higher coupon bond is one that sells for a higher price than its face value. When the going rate of interest is lower than the coupon rate, this condition arises. Its value will gradually decrease until it reaches its maturity value. A par value bond that sells at par, with a coupon rate equal to the current interest rate. The coupon is usually set at the going market rate on the day the bond is sold, so it sells at par at first.

Calculations:

C = Coupon Payments = $60 (Par Value x Coupon Rate)

n = number of years = 10

i = market rate or required yield = 7% = 0.007

K = number of coupon payments in 1 year = 1

P = value at maturity or par value = 1000

Present value of ordinary annuity formula:

Bond Price = C/k * $[\frac{1 - \frac{1}{(1 + \frac{i}{k})^{nk} } }{\frac{i}{k} } ]$ + $\frac{P}{(1 + \frac{i}{k})^{nk} }$

Just plug in the values and you will get:

Bond Price = 60 x 7.02 + 508.35

Bond Price = 421.41 508.35

Bond Price = $929.76

Similarly,

Data:

C = Coupon Payments = $60 (Par Value x Coupon Rate)

n = number of years = 10

i = market rate or required yield = 7% = 0.007

K = number of coupon payments in 1 year = 2

P = value at maturity or par value = 1000

Present value of ordinary annuity formula:

Bond Price = C/k * $[\frac{1 - \frac{1}{(1 + \frac{i}{k})^{nk} } }{\frac{i}{k} } ]$ + $\frac{P}{(1 + \frac{i}{k})^{nk} }$

Just plug in the values and you will get:

Bond Price = 30 x 14.21 + 502.57

Bond Price = 426.37 + 502.57

Bond Price = $928.94

8 0

3 years ago

Skyline Florists uses an activity-based costing system to compute the cost of making floral bouquets and delivering the bouquets

alekssr [168]

Answer:

$7.15

Explanation:

Calculation for Other The cost of wages and salaries and other overhead that would be charged to each bouquet made is:

Wages and salaries charged to each bouquet produced = (60%*$180,000)+(50%*$70,000)/20,000 bouquet

Wages and salaries charged to each bouquet produced = $108,000+$35,000/20,000 bouquet

Wages and salaries charged to each bouquet produced = $143,000/20,000 bouquet

Wages and salaries charged to each bouquet produced = $7.15

Therefore The cost of wages and salaries and other overhead that would be charged to each bouquet made is:$7.15

7 0

3 years ago

A/An _____ is a hybrid investment that is traded in securities markets like a stock but actually represents ownership in a marke

katrin2010 [14]

the correct answer would be : Exchange Traded Fund
The Exchange traded fund is a marketable security that trades commodity, bonds, or a basket of assets, which also trade the ownership of those securities (like the usual stock market but for bonds, commodity, or assets)

8 0

3 years ago