The act that created a “pay-as-you-go” system that requires Congress to raise enough revenue to cover increases in direct spending
B. the 1990 Budget Enforcement Act
Question2 Every hour, the federal government spends about
B. $250 thousand
Explanation:
The act came as a response to the impending recession the western markets in the 1990 fiscal year which was to hit USA particularly hard. This came as a result of and in contrast with many conservative measures taken by the President George W Bush Sr up until that point.
The president had been saying till then that the opposition and the population could read his lips that there will not be new taxes.
It did happen though as this law allowed the government to increase taxation rates to cover governmental spending.
JEBBERZ that link isn't even clickable
Answer:
Nonprofits
Explanation:
Nonprofit business are businesses that have been granted exemption from paying tax by the federal inland revenue. They are formed for the purpose of mutual benefits and not for pursuing owners profits.
Answer:
Depreciation expense= $3,340
Explanation:
According to International Accounting standards (IAS) 16 property plan and equipment (PPE), the cost of an asset is the purchase cost plus other costs of bringing it to the intended working conditions.
Cost = 17,000 + 700 + 2,000= 16700
Depreciation expense per year = Cost - salvage value /Number of year
Depreciation = (16,700 - 3000)/5 =3340
Depreciation expense= $3,340
Answer:
ER(S) = Rf + β(Rm - Rf)
ER(S) = 6 + 1.20(14 - 6)
ER(S) = 6 + 9.6
ER(S) = 15.6%
Explanation:
The expected return on a stock is a function of risk-free rate plus the product of beta and risk-premium.