All categories

3 years ago

When is a budget considered to be balanced??

1 answer:

7 0

<span>A budget is said to be balanced when total revenues are equal to, or greater than total expenditures; i.e when there's no budget deficit. Budget deficit, by contrast, is the result of expenses toppling revenues. Revenue is the income a business, company, or government generates from its normal or tax activities, also referred to as a turnover; while expenditures is cost incurred or required for something, say a project. When the budget has nothing to offset, or when there's a budget surplus i.e when revenues exceed expenses, then the budget is said to be balanced.</span>

You might be interested in

"Suppose a bank has an asset duration of 5 years and a liability duration of 2.5 years. The bank has $1,000 million in assets an

Galina-37 [17]

Answer:

number of contracts needed to hedge is 3714

Explanation:

given data

asset duration = 5 years

liability duration = 2.5 years

assets = $1,000 million

liabilities = $750 million

time = 8.5 years

currently selling = $99,000

contract = $100,000

to find out

How many futures contracts does the bank need to fully hedge itself against interest rate risk

solution

we get here no of contract that is express as

no of contract = (DA - k × DL) A ÷ (DF × PF) .......................1

here DA is asset duration and DL is liability duration and A is assets and DF is time and PF is currently selling and

here K is $\frac{liabilities}{assets}$

k = $\frac{750}{1000}$

k = 0.75

so now put all value in equation 1

no of contract = (DA - k × DL) A ÷ (DF × PF)

no of contract = (5 -0.75 × 2.5) 1000 ÷ (8.5 × 99000)

no of contract = 3714

so number of contracts needed to hedge is 3714

3 0

3 years ago

The impact of gvt on the economy

Norma-Jean [14]

Answer:

the government impact the economy in four different ways by producing goods and services ,including roads and national defense .less than half of federal spending is devoted to the production of goods and services

6 0

3 years ago

Which type of bank account typically offers the least (if

seropon [69]

Answer:

The answer is Checking account.

Explanation:

Traditionally, checking accounts are non interest bearing accounts that are primarily used for transactions and to pay expenses. Also the accounts allow cheques to be 7sed in the transactions as well.

However, there are special cases where checking accounts receive a small interest.

4 0

4 years ago

Read 2 more answers

A company pays each of its two office employees each Friday at the rate of $210 per day for a five-day week that begins on Monda

ololo11 [35]

If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is $840.

For two employees and for two days, the adjustment made was 4 times their per day income.

Total month end adjusting entry will be 2×2×$210 = $840

What is Accounting Period?

A set period of time, such as a calendar year or fiscal year, is referred to as an accounting period in which income balance of whole month is calculated.
It is used for performing, aggregating, and analyzing accounting operations.
The accounting period is helpful for investing because prospective investors can assess a company's success by looking at its financial statements, which are based on a set accounting period.

<h3>What is Month-End Adjusting Entry?</h3>

Month-End Adjusting Entry is a record created at the conclusion of an accounting period that allows an income or expense to be recognized in the timeframe in which it is incurred.

Accruals, deferrals, and estimations are the three forms of Month-End Adjusting Entry that are most frequently used.

<h3>What is Fiscal Year?</h3>

Companies and governments utilize fiscal years, which are one-year periods, for financial reporting and planning.
The most typical accounting period utilized to create financial statements is a fiscal year.
A company's fiscal year is based on 3 determining parameters namely financial reports, external audits, and federal tax filings.

Know more about Accounting Period brainly.com/question/14880780

#SPJ4

8 0

2 years ago

Mark was recording accounting transactions when he came across a non-standard transaction type. However, based on his knowledge

vlada-n [284]

Answer:

The best answer to the question: This is an example of used a(n):___, would be, A: Conceptual framework to solve new problems.

Explanation:

A conceptual framework is a an analytical method, or technique, that is used in order for the person to be able to see the full picture, and the different variants and factors around it, in an organized manner. Applying this technique will allow a person to discover all the factor within an issue, visualize them and propose viable solutions to them. And this is what Mark did when he came by the non-standard transaction type. He still had to record the transaction, but the usual methods would not work for it. Therefore, Mark made use of his own knowledge and after viewing the problem through the conceptual framework technique, he was able to find a reasonable solution and thus filfill his job.

3 0

3 years ago