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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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Nancy and Tonya exchanged assets. Nancy gave Tonya her personal residence with an adjusted basis of $280,000 and a fair market v
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Answer:

Realized gain  $110,000

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3 years ago
On January 1, 2018, Red Flash Photography had the following balances: Cash, $21,000; Supplies, $8,900; Land, $69,000; Deferred R
Nutka1998 [239]

Answer:

See explanation

Explanation:

Red Flash Photography

Journal Entries

1. Debit     Cash                 $29,000

Credit       Common Stock               $29,000

(issuing common stock for cash that will increase the cash)

2. Debit    Cash                               $44,000

   Debit    Accounts Receivable    $39,000

 Credit           Service Revenue                   $83,000

(Provided services on account and cash)

3. Debit    Salaries expense            $32,000

Credit               Cash                                     $32,000

(Paid salaries to workers)

4. Debit    Prepaid Rent                   $21,000

Credit               Cash                                     $21,000

(Paid rent in advance for cash)

5. Debit    Supplies                          $31,000

Credit                  Accounts payable            $31,000

(Purchase supplies on account means liability will increase)

6. Debit    Dividends                        $2,900

Credit                   Cash                                 $2,900

(Paid cash dividends to the shareholders)

7 0
3 years ago
One year ago, you purchased a stock at a price of $43.20 per share. The stock pays quarterly dividends of $.18 per share. Today,
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Answer:

Capital gain = $2.16

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The return on equity is the sum of the dividends earned and capital gains made during the holding period of the investment.  

Dividend is the proportion of the profit made by a company which is paid to shareholders.  

Capital gains is another type of the return made on an equity investment as a result of increase in the value of the shares. It is difference between the cost of the share and the value at the time of disposal.  

Therefore, capital gain  as follows:  

Capital gain = $45.36-43.20

Capital gain = $2.16

8 0
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