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
zheka24 [161]
3 years ago
13

A government collects $70 billion quarterly in tax revenue. Each year it allocates $15 billion to the justice system and $29 bil

lion for the administrative costs. What percentage of its total annual tax revenue is left for allocation to the remaining categories of government spending?
a.15.71%
b.37.15%
c.84.29%
d.62.85%
Business
2 answers:
olga nikolaevna [1]3 years ago
7 0

Answer:

The answer is B) 37.15%

Explanation:

We have $70 billion which is collected. We have already allocated $15 billion and $29 billion to the justice systems and administrative costs respectively.

We're left with $26 billion.   (70 - 15 - 29)

We now need to express 26 as a percentage of 70.

We do this by dividing 26 by 70 and multiplying it by a 100

26/70 x 100 = 37,14% is therefore left over to allocate to the other categories of government spending

The answer is therefore B.

Andrew [12]3 years ago
6 0

Answer:

c.84.29%

Explanation:

We been given the following

Quarterly tax revenue collected = $70 billion

To calculate the percentage of its total annual tax revenue is left for allocation to the remaining categories of government spending we the following method

annual tax revenue collected = $70 billion × 4

= $280 billion

Total amount allocated = $15 billion + $29 billion

= $44 billion

Therefore, percentage of annual tax revenue allocated will

= [ $44 billion ÷ $280 billion ] × 100

=1.57×100%

= 15.71%

Percentage of its total annual tax revenue is left for allocation to the remaining categories will be subtracting annual percentage tax revenue allocated from 100% , which we have as;

= 100% - 15.71%

= 84.29%

You might be interested in
From the time he arrives at the craters' farm, mr. shiftlet's greatest desire is for
spayn [35]
<span>Mr. Shiftlet is a character from the story, The Life You Save May Be Your Own, written by Flannery O’Connor. In it, Mr. Shiftlet visits the Crater farm in Alabama and Mrs. Crater hires him to do repairs around the farm. From the beginning, Mr. Shiftlet's greatest desire is to obtain a car he found parked at the farm. He spends a good deal of time working on the car and wants it for himself.</span>
4 0
3 years ago
The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to th
xxMikexx [17]

Answer:

The correct answer is Option D.

Explanation:

Internal control comprises the whole system of financial and other controls established and operating within a business, including internal check, internal audit and all other forms of control.

Based on Committee of Sponsoring Organizations (COSO) framework, there are 5 interrelated components of internal control, which are: Control environment, Risk assessment, Control activities, Information and communication and Monitoring.

It is necessary to stress that internal control relates to all forms of controls within an organization and not necessarily limited to only accounting matters e.g., a security check on vehicles exiting business premises to be sure they are not carrying stolen items from the organization is an internal control but not an accounting-related.

7 0
3 years ago
When the money market is drawn with the value of money on the vertical axis, if the Federal Reserve buys bonds, then the money s
otez555 [7]

Answer:

The correct answer is:  shifts rightward, causing the price level to rise.

Explanation:

The money supply curve portraits the money supplied in the market at a specific interest rate. The money supply is increased by the central bank by purchasing bonds or other assets -in this case, the Federal Reserve- causing the money supply curve more to the right which at the same time lowers the interest rate.

7 0
3 years ago
Suppose you owned a portfolio consisting of $250,000 of long-term U.S. government bonds. Would your portfolio be riskless? Expla
hammer [34]

Answer and Explanation:

An investment when it would be risk free in that case both the principal and the interest amount are to be paid within the prescribed time. Also when the U.S government bonds i.e. long term would be issued by the government have a lesser interest rate as compared with the other riskier securities available at the market place this is because as the government would default next to zero in case of the short term it would make the default when there are extreme situations arise.

Therefore in the short term it would be risk free

But in the long run, the person is based on the treasury bills returns so that he or she could equate the similar standard of living also it would not suffice when the inflation rises

Therefore the less risky investment would be of Government bonds

6 0
3 years ago
When you gather primary or secondary data, whal part of the market information management process are you
charle [14.2K]
The answer you are looking for is B
6 0
2 years ago
Other questions:
  • BSW Corporation has a bond issue outstanding with an annual coupon rate of 7 percent paid quarterly and four years remaining unt
    13·1 answer
  • The sound bite in a tv news report is the equivalent of a _________ in a newspaper story
    10·1 answer
  • On March 18, James Smith purchased $5,000 of furniture from Home Furnishings on account. The cost of the goods was $3,000. On Ma
    11·1 answer
  • 21. Perry Inc.'s bonds currently sell for $1,150. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,00
    13·1 answer
  • To keep high inflation from eroding the value of money, monetary authorities in the United States: A. create token money that is
    7·1 answer
  • What is the main duty of the Federal Reserve?
    14·1 answer
  • The following information relates to Purcaro, Inc. (Be careful of order of the columns): For the Year Ended December 31, 2018 20
    7·1 answer
  • One role of an organization's headquarters is to provide needed resources to its business units and to coordinate activities acr
    8·1 answer
  • Why is it important to study public finance
    8·2 answers
  • Which of the following could be considered collateral for a loan? (Select all that apply.)
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!