All categories

3 years ago

Worth 20 points:)

Business

2 answers:

xz_007 [3.2K]3 years ago

6 0

Answer:

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

dexar [7]3 years ago

4 0

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.

You might be interested in

On January 1, 2009, Coronado Industries purchased for $690000, equipment having a useful life of ten years and an estimated salv

JulijaS [17]

Answer:

There is not gain in this operation so the answer is $0

Explanation:

There are some journal entries that needs to be done to have a full picture of the statement

* Purchase

Fixed Assets 690.000

Cash 690.000

* Monthly depreciation

Since, the FA was depreciated during 8 years. Firstly you have to calculate the amount that can be depreciate on a monthly basis

Amount to be depreciated = (Cost of the FA - Salvage value) = (690.000-48.600) = 641.400

Then calculate the yearly depreciation

Yearly depreciation = ((amount to be depreciated/useful life) * years used) =

(641.400/10*8) = 513.120

then the journal entry to record the monthly depreciation for 8 years is

Depreciation expense 513.120

Acc Depreciation 513.120

* Post the Journal Entry to record the sell of FA

You have to reverse the Acc Depreciation and credit the FA

Cash 152.500

Fixed assets 690.000

Acc depreciation 513.120

Loss on sale of FA 24.380

6 0

3 years ago

The shape of your utility function implies that you are arisk-averse individual, and, therefore, youwould accept the wager becau

Furkat [3]

Solution and Explanation:

As the utility function is concave in shape, so person is risk averse. Thus, he will not accept the gamvle.

The difference between utility at point A&C = 70 minus 65 = $5, is less than a the difference between A&B = 65 minus 55 = $10

MCQ:

Answer is option a&d - risk averse people fear a lot for losing money, thus they overestimate the probability of loss

Since, shape of utility function is concave, hence the double derivative of utility with respect to wealth is negative, so utility falls at an decreasing rate , as wealth increases

8 0

3 years ago

Tidy Limited purchased a new van on January 1, 2018. The van cost $32,000. It has an estimated life of eight years and the estim

Cloud [144]

The adjusted balance in the Accumulated Depreciation account at the end of 2019 is $14,000.

Explanation:

Given:

Cost of van= $32,000

Estimated residual value= $3,200

Straight-line Depreciation Rate= 1/8

= 0.125

Straight-line Depreciation Rate= 12.5%

Declining Balance Rate = 2 ×12.5%

= 25%

Double declining balance can be calculated with the following formula:

2 x basic depreciation rate x book value

By applying the values,

The adjusted balance in the Accumulated Depreciation account= $14,000.

7 0

3 years ago

When tests are used as part of the selection process, care must be taken to ensure that the test being used is both valid and re

elena-14-01-66 [18.8K]

Option C. When tests are used as part of the selection process, care must be taken to ensure that the test being used is both valid and reliable. A test is reliable if it consistently creates or measures accurate results time after time.

<h3>What is meant by reliability?</h3>

This is the term that is used to refer to the fact that the test is consistent and if it is replicated over and over again it is still going to keep producing the same results as it first did.

Reliability is one of the attributes or characteristics of a good test or research. Hence we can conclude that When tests are used as part of the selection process, care must be taken to ensure that the test being used is both valid and reliable. A test is reliable if it consistently creates or measures accurate results time after time.

Reda more on reliability here: brainly.com/question/1265793

#SPJ1

3 0

1 year ago

The following T-account is a summary of the cash account of Kingbird Company. Cash (Summary Form) Balance, Jan. 1 7,200 Receipts

lisov135 [29]

Answer:

$264,600

Explanation:

The computation of net cash provided (used) by financing activities is shown below:-

Net cash inflow (Cash provided) by financing activities = Proceeds from bond issue - Dividend Paid

= $301,700 - $37,100

= $264,600

Therefore for computing the net cash provided (used) by financing activities we simply applied the above formula.

5 0

3 years ago