1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stepan [7]
3 years ago
11

The tables show the spending and revenue for Littleland in 2010. Use the tables and other information to answer the questions. S

pending category Value (millions) education $320 welfare and Social Security $890 health care $270 defense $120 payments on debt $170* other $240 *This payment covers total interest owed only. Revenue category Value (millions) income tax $800 sales tax $270 corporate tax $300 social insurance $340 GDP in 2010: $7.3 billion Total debt as of 2009: $3.5 billion How much money (in millions) did Littleland need to borrow in 2010 to finance its government spending
Business
1 answer:
fgiga [73]3 years ago
7 0

Answer:

$300 million

Explanation:

The computation of debt is shown below:-

But before that we need to determine the following amounts

Total Expenditure = Spending on Education + Spending on Welfare and social security + Spending on Healthcare + Spending on Defense + Payments on Debt + Other Spending

= $320 + $890 + $270 + $120 + $170 + $240

= $2,010 million

Total Revenue = Income Tax + Sales Tax + Corporate Tax + Social Insurance

= $800 + $270 + $300 + $340

= $1710 million

Debt or borrowed amount =Total expenditure - Total revenue

= $2,010 - $1,710

= $300 million

You might be interested in
Yocum Company purchased equipment on January 1 at a list price of $120,000 and received a $2,400 cash discount. Yocum paid $6,00
egoroff_w [7]

Answer:

The correct answer is $129,360.

Explanation:

According to the scenario, the given data are as follows:

List price of equipment = $120,000

Cash discount = $2,400

sales tax = $6,000

Installation charges = $1,760

concrete slab = $4,000

So, we can calculate the total cost by using following formula:

Total cost = $120,000 - $2,400 + $6,000 +$1,760 + $4,000

= $129,360

8 0
3 years ago
When the money market is drawn with the value of money on the vertical axis, the price level increases if Group of answer choice
oee [108]

Answer:

When the money market is drawn with the value of money on the vertical axis, the price level increases, money demand shifts right or money supply shifts left.

Explanation:

if the money market is drawn with the value of money on the vertical axis, while the price level increases there will be a decrement in the  value of money, and an increment in the quantity of money demanded.

An increment in the price level causes the money demand curve to shift to the right , while a decrement in the price level causes the money demand curve to shift to the left.

As the price level decreases, the value of money increases, so people want to hold less of it.

Therefore, when the money market is drawn with the value of money on the vertical axis, the price level increases, money demand shifts right or money supply shifts left.

7 0
3 years ago
Hampton Corporation has a beta of 1.3 and a marginal tax rate of 34%. The expected return on the market is 11% and the risk-free
Maurinko [17]

Answer: 12.5%

Explanation:

Given the following :

Beta (B) = 1.3

Marginal tax rate = 34%

Risk free interest rate = 6%

Market rate of return = 11%

The cost of equity is calculated using the relation:

Risk free rate of return + Beta(market rate of return - risk free rate of return)

Cost of equity = 6% + 1.3(11% - 6%)

Cost of equity = 6% + 1.3(5%)

Cost of equity = 6% + 6.5%

Cost of equity = 12.5%

Therefore, the firm's cost of internal equity is 12.5%

6 0
3 years ago
Should companies be allowed to force stores to obey minimum prices? Yes or no? Explain the reason why you chose yes or no?
Viktor [21]
Yes, stores should be forced to obey minimum prices for a good or a company that is selling a service should as well. They should have to obey by this so that price competition isn't ongoing in the market. Larger producers can often charge a smaller amount for a product because they are producing them in high qualities. By charging less it gives them a competitive advantage over their competition in means of price. Unless the item is on clearance because a company is discontinuing stock of that item, they should have a set minimum as they do a set maximum they are allowed to charge for that item. 
3 0
3 years ago
Which property classification would include tools?
Nady [450]
The answer is durable. According to AR 735-5 (Policies and Procedures for Property Accountability), a durable property is a property that is not consumed in use, does not require property book accountability, but because of its unique characteristics requires control when issued to the user. The best example for this is hand tools.  Hand tools are measured durable because they are not used up by Soldier unlike cleaning supplies. Hand tools are not on the property book. They do require a signature when issued, whether from the tool room or the supply room. When hand tools break, they must be turned in for replacements. Soldiers who misplace hand tools pay for the lost tools in order to implement supply discipline. We must have supply discipline to save Army resources for deployments, training exercises and other mission requirements. Leaders involve periodic inventories and the correct hand receipt procedures for the same reason. Hand tools are costly and Soldiers use millions of them. So, hand tools are durable because they do not get used up, unlike consumable supplies such as hand soap or motor oil, and also require some type of control when issued.
8 0
4 years ago
Read 2 more answers
Other questions:
  • Madrid Company plans to issue 8% bonds with a par value of $4,000,000. The company sells $3,600,000 of the bonds at par on Janua
    9·1 answer
  • The Consumer Price Index A. is the ratio of the average price of a typical basket of goods to the cost of producing those goods
    12·1 answer
  • Assume that the number of hosts connected to the Internet at year 2010 is five hundred million. If the number of hosts increases
    11·1 answer
  • Ply-Disc makes Frisbee-type plastic discs. Each 12 inch diameter plastic disc has the following manufacturing costs
    9·1 answer
  • The following information relates to the Magna Company for the upcoming year, based on 402,000 units. Amount Per Unit Sales $ 8,
    9·1 answer
  • Quick! When applying for a job, what are 2-3 things a hiring manager might ask you to send them?
    11·2 answers
  • Jerome has insignificant influence of Melina Corporation because it owns less than 20% of the voting stock. The cost of the Meli
    11·1 answer
  • You and your partner have become very interested in cross-country motorcycle racing and wish to purchase entry-level equipment.
    5·1 answer
  • Tzunam Corp. is preparing its cash budget. It expects to have sales of $30,000 in January, $35,000 in February, and $30,000 in M
    10·1 answer
  • charles was a relatively new and inexperienced leader assigned to an experienced workgroup with long-standing performance norms
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!