Changing business process usually does not have effects on information technology.

Assume a country's nominal GDP is $600 billion, government expenditures less debt service are $145 billion, and revenue is $160

kogti [31]

Answer:

a). Debt service payments=$21.6 billion

b). The nominal deficit=$6.6 billion

c). The government has a real budget surplus of $4.2 billion

Explanation:

a). Determine the debt service payments

The debt service payments can be expressed as;

Debt service payments=Nominal debt×interest rate

where;

nominal debt=$360 billion

interest rate=6%=6/100=0.06

replacing;

Debt service payments=360×0.06=$21.6 billion

Debt service payments=$21.6 billion

b). Determine the nominal deficit or surplus

The nominal deficit can be expressed as;

nominal deficit/surplus=Revenue-(Interest on debt+Government expenditures)

where;

Government expenditures=$145 billion

interest on debt=21.6 billion

revenues=$160 billion

replacing;

nominal deficit/surplus=160-(145+21.6)=160-166.6=-$6.6 billion

The nominal deficit=$6.6 billion

c). Determine the real deficit or surplus

The real deficit/surplus can be expressed as;

real deficit=(inflation×total nominal debt)-nominal deficit

where;

nominal deficit=$6.6 billion

inflation=3%=3/100=0.03

total nominal debt=$360 billion

replacing;

real deficit/surplus=(0.03×360)-6.6=10.8-6.6=$4.2 billion

The government has a real budget surplus of $4.2 billion

3 0

3 years ago

Paramedics require excellent mechanical skills. True False

UkoKoshka [18]

False.)
Why? Paramedics have the minimal amount of machines to manage, they’re more versed in having excellent skills in well, being paramedics, lol. Hope this helps and good luck!! :)

6 0

3 years ago

Read 2 more answers

The budget director for Kanosh Cleaning Services prepared the following list of expected selling and administrative expenses. Al

Svet_ta [14]

Answer:

Explanation:

c. Determine the amount of prepaid insurance the company will report on its pro forma balance sheet at the end of the fourth quarter.

The answer is 5400 because "at the end of the 4th quarter is only consists of 3 months (oct-dec). By taking the total amount you paid for all 6 months minus what you have to pay for 3 months.

3 0

3 years ago

MC Qu. 36-46 (Algo) Answer the question...

Afina-wow [57]

Answer:

sorry I was just wondering if you want to be a good

6 0

3 years ago

A production department in a process manufacturing system completed its work on 84,000 units of product and transferred them to

daser333 [38]

Answer:

FIFO method equivalent units are obtained by adding the beginning WIP and units started and deducting the ending WIP.

The equivalent units under each of the three assumptions are

Materials Conversion 67,800 67,800

Materials Conversion56730 56730

Materials Conversion 69060 69060

Explanation:

Assumption 1 : all materials are added at the beginning of the process and conversion is 100% complete

Particulars Units % of Completion Equivalent Units

 Materials Conversion Materials Conversion 

BWIP 25,200 100 100 25,200 25,200

Add

Units Started 58,800 58,800 58,800

Less

Units Completed

16,200 16,200 16,200

Equivalent Units 67,800 67,800

Assumption 2:

Beginning Inventory is 40% complete as to materials and conversions and ending inventory is complete 75 %as to materials and conversions.

Particulars Units % of Completion Equivalent Units

 Materials Conversion Materials Conversion 

BWIP 25,200 40 40 10,080 10,080

Add

Units Started 58,800 58,800 58,800

Less

Units Completed

16,200 75 75 12150 12150

Equivalent Units 56730 56730

Assumption 3:

Beginning Inventory is 60% complete as to materials and conversions and ending inventory is complete 30 %as to materials and conversions.

Particulars Units % of Completion Equivalent Units

 Materials Conversion Materials Conversion 

BWIP 25,200 60 60 15,120 15,120

Add

Units Started 58,800 58,800 58,800

Less

Units Completed

16,200 30 30 4860 4860

Equivalent Units 69060 69060

FIFO method equivalent units are obtained by adding the beginning WIP and units started and deducting the ending WIP.

3 0

3 years ago