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.
Answer:
ACME Drilling should record impairment loss of $6.9 million
Explanation:
According to GAAP, when the fair value of an asset is below the net carrying amount of that asset ( Asset's historical cost - Asset's accumulated depreciation or the net book value of the asset), the Company should record it as asset impairment loss.
In ACME's case, the net book value is $18.6 million while the estimated fair value is only $11.7 million meaning that the platform is actually worth less than it is recorded on ACME's book. Thus, an impairment loss of $6.9 million should be recorded ( $18.6 million - $11.7 million) to realize the fair value of the oil-drilling platform.
The sum of projected sum of future cash flows in this case is not suitable to be used to determine the oil-drilling platform because it has not been discounted to the present value amount, and also, it is not appropriate under GAAP.
Answer: Option d
Explanation: Using the word "black" refers to the profit margins of a corporation and existing financial health. A corporation seems to have been in the black when it is financially viable or, more explicitly, if after taking account for all expenditures, the business generates positive income.
The phrase has origins in the past of accounting where accountants manually checked financial information in their records before hardware and software were used.
Accountants used various colored inks— both black and red — to indicate the productivity of a product. Unlike a black business, in the red is seen as one of with unfavorable results or unprofitable.
Answer:
a researcher's decision that it is important to contact and question or observe all members of a target population.
Explanation:
A census is a procedure by which information about a given population is collected and recorded. The most common types of census are population census and housing census.
Census can be arranged for any purpose depending on the researcher's goals. It also helps in decision-making, for example when the government is planning a national program it will need information about the target population like number of people and their location.
Answer:
ethnocentric
Explanation:
Ethnocentric is one the three major approaches of international staffing. Others are polycentric and geocentric.
Ethnocentric revolves around the idea that the parent company staff subsidiaries in foreign countries with workers from the parent`s company.
The staffs transferred to this foreign subsidiaries normally fill key management position. And the major reason for using parent`s company staff is to make sure that the parent has control of the company culture and business interest in the foreign subsidiary.
So in this case, Alamanzo Devices, Inc. is using ethnocentric approach of international staffing.