Answer: Option (C) is correct.
Explanation:
National Savings is divided into two parts, private savings and public savings.
Private Savings = GDP - Taxes + Transfer payments - Consumption Spending
= Y - T + TR - C
= 12 - 3 + 2 - 9
= $ 2 trillion
Public Savings = Taxes - Government Spending - Transfer payments
= 3 - 0 - 2
= $1 trillion
∴ Option (C) is correct.
Private saving = $2 trillion and public saving = $1 trillion.
Answer:
2. Government is necessary, because people do not always behave perfectly.
Explanation:
<em>Option 1</em> is wrong because if the government cannot control people, there is no use of making policy. It contradicts James Madison's quota.
<em>Options 3</em> and <em>4</em> are incorrect because the government is a necessary element.
Option 2 is correct, as the government is an essential element. Without government, people may become clueless and clumsy. To make peace in the nation, the government has to control its people.
The control over cash disbursements is generally more effective when payments are made by check.
<h3>What is a
cash disbursements?</h3>
Also known as cash payment, its refers to the outflow of cash paid in exchange for the provision of goods or services
Hence, the control over cash disbursements is generally more effective when payments are made by check.
Therefore, the Option D is correct.
Missing option a) all bills are paid in cash. b) disbursements are made by the accounts payable subsidiary clerk. c) all purchases are made on credit. d) payments are made by check.
Read more about cash disbursements
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Answer:
Ending cash balance = $13,000
Explanation:
<em>A cash budget is statement that shows the estimated cash receipts and the estimated cash payments for a forth coming accounting period. In addition, it provides information about the expected cash balance for the period to which it relates.</em>
With help of a cash budget, a business can plan ahead for the usage of its surplus funds and how to finance its deficit cash position
Ending cash balance = Beginning cash balance + cash receipts - cash payment
= 3,000 + 50,000 - 40,000
Ending cash balance = $13,000
