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SCORPION-xisa [38]
3 years ago
8

Lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry abou

t trade with other countries. Total spending for the federal government of Lilliput for the last fiscal year was $4.71 billion. The country collected $4.83 billion in taxes during this same fiscal year. Assume government transfers were zero.
Based on this information, what is Lilliput's budget balance?

budget balance:________ $ billion

In the last fiscal year, Lilliput was running

a. a balanced budget
b. a budget deficit
c. a budget surplus
Business
1 answer:
erik [133]3 years ago
5 0

Answer:

$0.12 billion; a budget surplus

Explanation:

Given that,

Total spending for the last fiscal year = $4.71 billion

Tax collected during the same fiscal year = $4.83 billion

Government transfers = $0

Lilliput's budget balance:

= (Taxes - Government transfers) - Total spending of government

= ($4.83 billion - $0) - $4.71 billion

= $0.12 billion

Therefore, the Lilliput has a budget surplus during the last fiscal year because of the positive budget balance.

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Lisa Sumaya has decided to give up her full-time job to complete her master
ICE Princess25 [194]

Answer: Financial effects poses as economical risk while an improvement in career and better opportunity poses as potential economic benefit

Explanation:

One potential economic risk Lisa would have to face is that she would have issues with finances for the time being between when she resigned from her job, through her Master's and till she gets another job.

One potential economical benefit towards this decision is that she would have made an advancement in her career and would be at better place career wise and worth wise to compete for better jobs and improved pay from the place she left.

4 0
3 years ago
During the current year, the company had the following summarized activities: Purchased short-term investments for $10,000 cash.
aivan3 [116]

Answer:

short-term investment 10,000 debit

                     cash                10,000 credit

note receivables           5,000 debit

                cash                         5,000 credit

equipment                  18,000 debit

        cash                          5,000 credit

         note payable           13,000 credit

cash              11,000 debit

     common stock          1,000 credit

     additional CS          10,000 credit

cash               9,000 debit

    note payable             9,000 credit

Patents      3,000 credit

          cash                   3,000 debit

Building    24,000 debit

      cash               8,000 credit

     note payable 16,000 credit

cash         1,000 debit

  equipment          1,000 credit

Explanation:

To record the entries we need to alwasy make debit = credit

we must use account names to represent each concept which are quite easy you don't have to overthink ou write what it is telling you it happen

Whe nthe company use cash use cash account

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7 0
3 years ago
What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500?A. Small au
mylen [45]

Answer: The explanation are as follows:

Explanation:

(A) If small automobiles become more fashionable then this will attract the consumers attention towards small automobiles. So, this will increase the demand for the small automobiles.

(B) If the price of large automobiles rises and the price of small automobiles remains the same. They both are substitute goods. So, the demand for small automobiles increases as the price of its substitute goods increases.

(C) If small automobiles are inferior good and there is reduction in the income of consumers. This will increase the demand for small automobiles as the income of the consumers decreases.

(D) If consumers anticipate that the price of small autos will greatly come down in the near future then they stop buying small automobiles today. So, the demand for small automobiles decreases because consumers waiting for the lower price in the near future.

(E) Gasoline and small automobiles are complementary goods, therefore, if the price of gasoline substantially drops, as a result demand for small automobiles increases.

4 0
3 years ago
What are marketing information systems?
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Answer:

A marketing information system, or an MIS, is a system for gathering, storing, analyzing and distributing valuable marketing data to help marketers make better decisions

8 0
3 years ago
Read 2 more answers
A stock is currently priced at $76.48 per share. The stock paid its annual dividend of $4.32 per share last week. Dividends are
frutty [35]

Answer:

r = 0.10666841 or 10.666841% rounded off to 10.67%

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0* (1+g) / (r - g)

Where,

  • D0 * (1+g) is dividend expected for the next period
  • g is the growth rate
  • r is the required rate of return  

By plugging in the available values for P0, D0 and g, we can calculate the value of r to be,

76.48 = 4.32 * (1+0.0475)/ (r - 0.0475)

76.48 * (r - 0.0475) = 4.5252

 

76.48r - 3.6328 = 4.5252

76.48r = 4.5252 + 3.6328

r = 8.158 / 76.48

r = 0.10666841 or 10.666841% rounded off to 10.67%

3.6 / 40 = g

g = 0.09 or 9%

6 0
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