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4 years ago

If government revenues in 2011 were $2.2 trillion and government outlays were $3.8 trillion, the federal: Choose one:

Business

1 answer:

olasank [31]4 years ago

4 0

Answer:

The correct answer is A) Debt increased by $1.6 trillion

Explanation:

To find whether the government has a surplus or a deficit, we use this simple formula:

Govt surplus/deficit = G-T

where G = government outlays, and T= government revenue or taxes.

If G > T Government has a deficit
if G = T Government has a balanced budget
if G < T Government has a budget surplus

Now, we simply replace the terms

Govt surplus/deficit = $3.8 billion - $2.2 trillion = $1.6 billion

Because in this equation G > T, the government is in deficit, the deficit equals $1.6 billion, and will have to be financed by issuing debt. Hence, debt will increase by the same amount.

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Describe the challenges and opportunities of globalization in a ""flattened"" world.

Ksju [112]

Answer:

The meaning of a 'flattened' world is that ,globalization, which can be described as inventions and various developments in the technology world , has created a level playing ground, where countries considered as small or minors are now competing with the super-power ones.

Explanation:

The major challenge of this is that , the rate competition has increased between countries that have great impacts on the resource area of businesses.

And the opportunities are that, new jobs are created or available especially in the information systems and other jobs or occupations involving services.

Finding better suppliers and at a better price has also been considered as a big benefit because now there were more places to choose from globally.

4 0

3 years ago

Read 2 more answers

The amount of the check is written in how many places?

Evgen [1.6K]

2

In numerical form on the left and written out on amount line

4 0

4 years ago

Read 2 more answers

WinterDreams operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season. In

Kitty [74]

Answer:

a. Would Mountain Point emphasize target pricing or cost-plus pricing? Why?

They emphasize cost plus pricing because the investors are seeking a desired rate of return on their investment and they do it by adding the desired profit margin to their costs.

b. If other resorts in the area charge $66 per day, what price should Mount Snow charge?

$75.50 in order for them to generate the required ROI. Since the resort has a very good reputation, it can charge a higher price than its competitors.

Explanation:

company's assets = $115,000,000

expected return on investment = 16%

fixed costs = $35,600,000

number of customers = 800,000

variable costs = $8 per customer x 800,000 = $6,400,000

total costs = $42,000,000

total cost per client = $42,000,000 / 800,000 = $52.50

desired profit = $115,000,000 x 16% = $18,400,000

desired profit per client = $18,400,000 / 800,000 = $23

price per ticket = $75.50

8 0

3 years ago

In the long run, if inputs are increased by 10 percent and output increases by 20 percent, then __________ are said to exist.

Gala2k [10]

In the long run, if inputs are increased by 10 percent and output increases by 20 percent, then diseconomies of scale are said to exist. It is because diseconomies of scale is likely to happen in the long run for a business with increasing inputs without decreasing the cost of production. It can happen when the increase in production is dependent on one part that needs to be completed but there is a delay on producing the parts. Another reason is that the cost of shipping may increase base on how far will be the distance and the weight of the product.

8 0

3 years ago

Abby, Bobbi, and Deborah each buy ice cream and paperback novels to enjoy on hot summer days. Ice cream costs $5 per gallon, and

umka2103 [35]

Answer:

b. The slope of the budget constraint is the same for each woman.

Explanation:

Budget Line is the combination of two goods that a consumer can buy, given prices & money income (all spent).

Equation : p1x1 + p2x2 = m ;

where p1 & p2 are price of good 1 & 2 , x1 & x2 are quantities of good 1 & good 2 , m = money income

Abby's Budget Line : 5I + 8N = 80
Bobbi's Budget Line : 5I + 8N = 60
Deborah's Budget Line : 5I + 8N = 40 [ I = Icecream, N = Novel ]

Slope of Budget Line represents change (sacrifise) of a good needed to get change (gain) of other good, given same prices & income.

Slope = ΔY/ΔX = Px / Py

Since prices are same for each woman, price ratios & hence the slope of budget line will also be same for all of them.

3 0

3 years ago