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
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.

You might be interested in
Assume that the hourly price for the services of tarot card readers has risen and sales of these services have also risen. One c
Mars2501 [29]

Answer:

D the demand for tarot card readers has increased.

Explanation:

At constant supply, price of goods or services tend to increase as demand increases. In this case, the demand for the services has increased, meaning that demand for tarot card reading has increased relative to the supply of the service. This has resulted in an increase in price of the service.

8 0
3 years ago
A firm owed accounts payable of $250,000 at the beginning of the year and $350,000 at the end of the year. This $100,000 differe
pshichka [43]

Answer and Explanation:

Since in the question it is mentioned that the account payable beginning balance is $250,000 and the ending balance of the account payable is $350,000 so here $100,000 different would rise the cash from operations

Therefore the same is to be considered as there is an increase in inflows of cash

So the difference would be rise the cash from operations

4 0
3 years ago
Incident action planning and strategic communication planning
enot [183]

Answer:

D. are related because the first step to each is understanding the situation.

Explanation:

An incident action plan is a course of panning, which aims to resolve all identified phases of incident control within a time limit. it begins foundationally with an understanding of the the situation and objectives built to solve the problems that situation imposes.

Strategic communication planning is the alignment of an organization's core objectives with its communication function. The aim is to drive plans and tactics that would prompt the performance of an organization. It is however pertinent to understand the situation like identifying whom should be communicated to, determining the reasons for the communication etc , which is the first step.

3 0
3 years ago
When management considers social and economic issues in decision making, the company is practicing _____.
Hunter-Best [27]

Answer: Social responsibility

Explanation:

According to the given question, the social responsibility is practicing by an organization when the management of the firm considering all the economical or the social issue in the decision making process.

  • In an organization, the social responsibility is helps in maximizing the shareholder value.
  • It also providing the various types of benefits in an organization and it is known as the CSR (Corporate social responsibility).
  • It also contribute in the welfare of the environment and the society.  

Therefore, Social responsibility is the correct answer.

8 0
3 years ago
Cost allocation is:_____.A. the assignment of indirect costs to the chosen cost object B. the process of tracking both direct an
Fantom [35]

Answer:

A. the assignment of indirect costs to the chosen cost object

Explanation:

Cost allocation is the assignment of indirect cost of the cost object. The indirect costs of the project are not directly attributable to the cost object. So, it requires some basis on which its assignment can be made to cost object. Overhead allocation is the example of cost allocation. So, the correct answer is A. the assignment of indirect costs to the chosen cost object.

3 0
3 years ago
Other questions:
  • What changes over time depending on the rate of return?
    15·1 answer
  • - Safety (Security) Stock:
    7·1 answer
  • Other things the same, as the price level decreases it induces greater spending on a. both net exports and investment. b. net ex
    8·1 answer
  • ________ is the difference between the prospective customer's evaluation of all the benefits and all the costs of an offering an
    7·1 answer
  • For an auto insurance company, the average cost of collision claims is $500 per year for careful drivers and $3000 per year for
    10·1 answer
  • Assume that the amount that you have to actually borrow for your ski and bike rental business mentioned in the previous question
    6·1 answer
  • The power of a labor union weakens when the company introduces technologies that replace the need for the union's members. techn
    15·1 answer
  • How frequently is the value of an insurer's variable subaccounts normally calculated?
    7·2 answers
  • a coworker has asked you to help him with something very important. you have a lot work to do yourself. what would you be most a
    12·1 answer
  • When a pharmaceutical company discovers a new drug, patent law gives it market power by guaranteeing:
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!