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3 years ago

What agency has the most responsibility for preparing the federal budget?

1 answer:

5 0

The Office of management and budget (OMB) is the agency that is responsible for preparing a budget. When a proposal is prepared by the OMB its then submitted to the Congress by the president. The congress then decides on the overall level on spending and taxation and then passes specific spending bills. Then the president signs the spending bills to law.

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A teacher has decided to take her fifth grade class to a play. The manager of the theater agreed to discount the regular $35 pr

MArishka [77]

Answer:

40 students

Explanation:

The cost of the bus is $480

For x students, the cost of each ticket will be 35 - 0.30x

The total cost of the tickets for x students will be x(35 - 0.30x)

To find the number of students that will make the cost per student equal to $33, we solve for x:

480+ x(35 - 0.30x) =35

480+ x(35 - 0.30x) = 35x

480 + 35x - 0.30x² = 35x

480 = 0.30x²

1,600 = x²

40 = x

The cost per student will be $35 if the number of students is 40; it will be less than $35 if the number of students is greater than 40.

8 0

3 years ago

A total of $42,000 is invested in two municipal bonds that pay 4.25% and 7.75% simple interest. The investor wants an annual int

mart [117]

Answer:

$14,000 should be invested in the 4.25% bond.

Explanation:

Let's assume

Investment in bond with a coupon rate of 4.25% = x

Investment in bond with a coupon rate of 7.75% = y

According to given condition

x + y = $42,000 (i)

4.25%x + 7.75%y = $2,765

0.0425x + 0.0775y = $2,765 (ii)

Multiplying the equiation (i) by 0.0425

0.0425x + 0.0425y = $1,785 (iii)

Subtracting equation (iii) from equation (ii)

0.0425x + 0.0775y = $2,765

-0.0425x - 0.0425y = -$1,785

0 + 0.0350y = $980

0.0350y = $980

y = $980 / 0.0350

y = $28,000

Placing valye of y in equiation (i)

x + $28,000 = $42,000

x = $42,000 - $28,000

x = $14,000

Hence

Investment in bond with a coupon rate of 4.25% = x = $14,000

6 0

3 years ago

An investor is considering the purchase of a(n) 7.625 %, 18-year corporate bond that's being priced to yield 9.625 %. She th

sweet [91]

Answer:

The correct answer is 18.84%.

Explanation:

According to the scenario, computation of the given data are as follows:

Time period ( Nper) = 18 years

Rate = 9.625%

Let FV = $1,000

Coupon rate = 7.625%

Then, Coupon payment = $1,000 × 7.625% = $76.25

Attachment is attached of financial calculator

So PV = $831.95

After 1 year

Time period (Nper) = 17 years

Rate = 8.625%

Payment = $76.25

Attachment is attached of financial calculator

So, Pv = $912.46

So, we can calculate the holding period return by using following formula:

Holding period return = Total return ÷ Investment × 100

= ( $912.46 + $76.25 - $831.95) ÷ $831.95 × 100

= 18.84%

7 0

3 years ago

Privett Company

aleksandrvk [35]

Answer:

$130,032

Explanation:

Calculation to determine the amount of quick assets

Using this formula

Quick assets=Accounts receivable +Cash+Marketable securities

Let plug in the formula

Quick assets=$74,771+$24,116+31,145

Quick assets= $130,032

Therefore the amount of quick assets is $130,032

7 0

3 years ago

Paola and Isidora are married; file a joint tax return; report modified AGI of $148,000; and have one dependent child, Dante. Th

Alinara [238K]

Answer:

$2,500

Explanation:

The computation of the amount is shown below;

In the case when the modified AGI upto $180,000 so it would be credit by $2,500 per eligible student

As we can see that in the given situation there is modified AGI that reported $148,000 so here the amount of the American Opportunity credit for 2020 is $2,500 also we assume that the eligibility condition would be satisfied

3 0

3 years ago