Answer:
the dollar cost of the annual interest on the government's total debt assuming the interest rate and debt is $356 billion
Explanation:
Dollar cost of annual interest on total debt = Total debt for the year x Average interest rate
= $17.3 trillion x 2%
= $17,300 billion x 2%
= $346 billion
This value is closest to option (2).
Answer:
The zero-based budget ensures that every dollar you make is assigned a specific purpose
Explanation:
Zero-based budge: It is also known as "zero-sum budget".
It refers to the process of creating a budget from nothing without using the previous year’s budget. It enables a firm allocate all its resources to expenses and debt payment.
Zero based budget ensures that every income made is allocated to a particular purpose without a remainder. The major goal of zero based budget is to ensure that revenue (income) less expenditure (spendings) is equal to zero.
That is, in zero based budgeting,
Income - expenditure= zero (0).
In other words,
income= expenses
Answer:
Points
Explanation:
Mortgage points or discount points are prepaid interest available when obtaining a mortgage.
When a lender charges the borrower points he is in effect increasing the yield on the loan above the interest rate agreed on the loan.
Borrowers can also offer points to the lender to obtain a reduced interest rate and reduced monthly payment in exchange for upfront payment of points.
This would be the maturity and decline stages of the technology cycle.
