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olga nikolaevna [1]
3 years ago
14

The table shows the federal government’s budgeted revenue and expenditures from 2001 through 2010. Identify the years in which t

here was a budget surplus.

Business
2 answers:
galben [10]3 years ago
6 0

Answer and Explanation:

The correct answer is: the <em>years 2001, 2004, 2007 and 2009.</em>

The table mentioned in the question was missing, so I attached it here.

A budget surplus refers to when the revenue  (in this case the government's budgeted revenue) surpasses the expenditure in a given period of time, such as over the span of one year. From the attached table, we can see that in these years, the revenue was higher than the expenditure, therefore, resulting in a budget surplus.

1. 2001- the budget surplus was $2 trillion (8 trillion- 2 trillion)

2. 2004- the budget surplus was $2 trillion (9 trillion- 7 trillion)

3. 2007- the budget surplus was  $2 trillion (6 trillion- 4 trillion)

4. 2009- the budget surplus was  $3 trillion (7 trillion- 4 trillion)

Lemur [1.5K]3 years ago
5 0

Answer:

The years that have excess funds are in 2001, 2004, 2007, 2009

Explanation:

The explanation is on the table

Formula: Income - Expenditures = Strength / Loss

In 2001,

Income: $ 8 Trillion

Expenditures: $ 6 Trillion

$ 8 Trillion - $ 6 Trillion = $ 2 Trillion

In 2004,

Income: $ 9 Trillion

Expenditures: $ 7 Trillion

$ 9 Trillion - $ 7 Trillion = $ 2 Trillion

In 2007,

Income: $ 6 Trillion

Expenditures: $ 4 Trillion

$ 6 Trillion - $ 4 Trillion = $ 2 Trillion

In 2009,

Income: $ 7 Trillion

Expenditures: $ 4 Trillion

$ 7 Trillion - $ 4 Trillion = $ 3 Trillion

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Answer:

1. below;

2. the last dollars taxed but not to all income

Explanation:

Given that the average tax rate for individuals is the percentage of income that individuals pay in taxes. While the marginal tax rate applies to a certain part of taxable income, which is usually the last dollar of the income

Hence, Typically, the average tax rate for a person is BELOW his or her marginal tax rate, because the marginal tax rate applies to THE LAST DOLLARS TAXED BUT NOT TO ALL INCOME.

7 0
3 years ago
Suppose someone borrows $552,000 today to buy a house in Davis, CA. If the annual interest rate is 4%, with monthly compounding,
galina1969 [7]

Answer:

Monthly Repayment on Loan  = $2634.06

Explanation:

given data

principal =  $552,000

annual interest rate = 4% = 0.333% monthly

solution

for get here fair value monthly mortgage payment we consider here time period is 30 year = 360 months

so now we apply here Monthly Repayment on Loan formula that is

Monthly Repayment on Loan  = principal ×  \frac{r(1+r)^t}{(1+r)^t -1}    .................1

put here value and we get

Monthly Repayment on Loan  = 552000 × \frac{r(1+0.333)^{360}}{(1+0.333)^{360} -1}    

Monthly Repayment on Loan  = $2634.06

4 0
3 years ago
___ are the criteria the firm uses to screen credit applicants in order to determine which of its customers should be offered cr
77julia77 [94]

Answer:

Credit standards

Explanation:

The credit standard refers to the guidelines that are issued by the organization which analyzed whether the borrower is eligible for the loan or not. It could be checked by his or her credit score that reflects the full picture of borrower credit history i.e borrower is paying the amount of loan within in the given time or not or he is a defaulter that helps in deciding whether to offer credit or not and by how much

6 0
3 years ago
In the case of existing customers, ________ gives the information on the date and type of contact,
TEA [102]

Answer:

performance data

Explanation:

It seems that the question is structured a little off, but based on the information that is provided the answer that would go in the blank area would be performance data. As mentioned in the question performance data provides all the information regarding a single transaction, including the date and type of contact that inquired about the product in question. Which is what is being described in the question as well as answers a) and b) which i believe is part of the initial question and not answer choices.

4 0
3 years ago
Land, a building and equipment are acquired for a lump sum of $1,000,000. The market values of the land, building and equipment
sergij07 [2.7K]

Answer:

The answer is option (b). $250,000

Explanation:

Step 1: Determine total market value

The expression for the total market value is;

Total market value=land value+building value+equipment value

where;

land value=$300,00

building value=$600,000

equipment value=$300,000

replacing;

Total market value=(300,000+600,000+300,000)=$1,200,000

Total market value=$1,200,000

Step 2: Determine fraction of the total market value that is equipment

Equipment fraction=equipment value/total market value

where;

equipment value=$300,000

total market value=$1,200,000

replacing;

Equipment fraction=300,000/1,200,000=0.25

Step 3: Determine cost assigned to the equipment

Cost assigned to the equipment=equipment fraction×lump sum

where;

equipment fraction=0.25

lump sum=$1,000,000

replacing;

Cost assigned to the equipment=(0.25×1,000,000)=250,000

Cost assigned to the equipment=$250,000

3 0
3 years ago
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