1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Whitepunk [10]
3 years ago
13

A ______________________ is created each time the federal government spends more than it collects in taxes in a given year.

Business
1 answer:
Vlad [161]3 years ago
8 0

Answer:

Budget deficit / Fiscal deficit

Explanation:

At the start of the year, every government prepares a budget e.g. all sources of revenue (direct taxes, indirect taxes, aids etc) and projected expenses are also mentioned (development of society, defense etc.).

When a government spends more than its revenue from taxes so it means that government is running a budget deficit or a fiscal deficit which are covered through fiscal measures by government e.g. increasing taxes or reducing public spending.

You might be interested in
Kelly is a self employed tax attorney whose practice primarily involves tax planning. During the year she attended a 3-day semin
Helen [10]

Answer: $947.50

Explanation:

The amount that Kelly can deduct will be calculated as:

Lodging = $400

Add: Meals at 50% = $95/2 = $47.50

Add: Registration = $350

Add: Transportation = $150

Total deductions = $947.50

8 0
3 years ago
George and Dan's political consulting firm is losing money, but it is more than covering its variable costs. What is the most ac
aniked [119]

Answer:

- It will go out of business in the long run.

Explanation:

If George and Dan's political consulting firm is losing money, but it is more than covering its variable costs, then the most accurate statement we can make about it is that: It will go out of business in the long run.

In the SHORT RUN, as long as the firm is covering variable costs, it means that the firm is able to generate normal profit or contribution that takes care of part or all of its fixed costs. It will stay in business

<u>In the LONG RUN, the firm will only continue to operate if it can make normal profits</u>

<u>Normal profit occurs when the difference between a company's total revenue and combined explicit and implicit costs are equal to zero.</u>

<u>Since George and Dan's political consulting firm cannot cover fixed costs, it will go out business in the long run.</u>

3 0
3 years ago
At the closing on June 15, the buyer is assuming a mortgage presently on the property, on which the monthly interest charge is c
Viefleur [7K]

Answer:

The correct answer is :

  • Debit seller $300;
  • Credit buyer $300.

Explanation:

The interest of a mortgage is estimated by dividing the interest rate by the days of the year and after that, the outcome has to be multiplied by the outstanding one. This interest can be the same amount every day of the same month. Normally, the amount due the lender is calculated a month at a time.

4 0
3 years ago
In the year prior to going public, a firm has revenues of $20 million and net income after taxes of $2 million. The firm has no
Andru [333]

Answer:

peeeeeeepeeeeeepoooooopooooo

Explanation:

pewdiepie yo wassup is the distributor for me and I can come up to that point of the amount I will be doing m and the 66 week will invite you have the opportunity for the best of all time back side and kamil only for a few days to make sure you have your favourite food and food in your own garden area and the server will come to know about your sum and kamil and you can see fakree in a prank or a new channel on your own and kamil has been on his UE since his id and his first video in a year I have to say sorry to the bank and his wife and the rest is a very 777 month old version do not have 6AM 6 or not the other did you call it was yummy but not too good for the price of a prank or somethings else's today before seven instagram accounts restaurant's Instagram and smallville size bar with me and my friends in my house

8 0
3 years ago
Steve, an engineer in a construction company, is at present working on a home construction project. the home is being built for
Varvara68 [4.7K]
Projects are temporary endeavors whereas an organisation's operations are ongoing in nature.The Role of a project sponsor is to provide direction and funding for a project. In this case, Steve is working with his project team and support staff to ensure the project is completed on time and the project sponsor is Robinson family.
7 0
3 years ago
Other questions:
  • Government regulations on credit aim to:
    15·2 answers
  • Sekelow Enterprises is a debt collection agency. It uses postcards to contact consumer debtors it is attempting to collect from
    13·1 answer
  • Jesse is the marketing manager for a large Midwest-based producer of food products. He is in the process of developing the_____,
    9·1 answer
  • A country’s real gdp rose from 500 to 550 while its nominal gdp rose from 600 to 770. what was this country’s inflation rate?
    6·1 answer
  • A company reported annual wages expense of $348,000 and insurance expense of $42,000. During the year, wages payable decreased f
    8·1 answer
  • Domestic telecommunication companies in the United States are struggling due to foreign competition. How can the US government h
    14·1 answer
  • ABC Corporation has the following information: Total market value of a company’s stock: $650 million Total market value of the c
    14·1 answer
  • Question 6 of 10
    14·2 answers
  • Suppose the government in this economy decides to decrease government purchases by $300 billion. The decrease in government purc
    9·1 answer
  • Juan is temporarily between jobs while searching for a new one. This type of short-term unemployment is called __________ unempl
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!