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
rjkz [21]
3 years ago
11

A government collects $700 billion annually in tax revenue. Each year it allocates $130 billion to interest payments that it mus

t pay on its accumulated debt. What percentage of annual tax revenue is allocated to make these interest payments
Business
1 answer:
ExtremeBDS [4]3 years ago
4 0

Answer:

18.57%

Explanation:

Given that

Government collection annually in tax revenue = $700 billion

Interest payment each year = $130 billion

By considering the above information, the percentage would be

= (Interest payment each year) ÷ (Government collection annually in tax revenue) × 100

= ($130 billion ÷ $700 billion) × 100

= 18.57%

We simply divide the each year interest payment by the government collection on annually basis so that the percentage could come

You might be interested in
The study of how people choose to use scarce resources to satisfy their wants and needs​
NeTakaya

Answer:

Economics

Explanation:

Economics is the study of the activities that individuals and society undertake to satisfy their unlimited wants using scarce resources. Economics involves analysis of the production of goods and services, their distribution and consumption in a country. It involves the study of how individuals, firms, and the government allocates scarce resources to meet the need of society.

Economics is categorized in microeconomics and macroeconomics.  Microeconomics concentrates on the key economic indicators such as demand, supply, and income and how they affect an individual, firm, or product.  Macroeconomics studies the economic conditions in a country as a whole. It is concerned with issues such as inflation, Unemployment rate, and GDP

5 0
3 years ago
TopChop sells hairstyling franchises. TopChop receives $56,000 from a new franchisee for providing initial training, equipment a
valentina_108 [34]

Answer:

$73,500  is the revenue TopChop will recognize for the arrangement with Carlos.

Explanation:

Revenue is calculated as follows.

= amount received + Use of name

= $56,000 + $35,000 × (1÷2)

= $73,500

New franchise fee can be immediately recognised as income.

5 0
3 years ago
Percy Company purchased 80% of the outstanding voting shares of Song Company at the beginning of 2014 for $406,000. At the time
Gnom [1K]

Answer:

since Percy Company's owns 80% of Song Company's stocks, we must use the equity method to record its investment in Song Company

Beginning 2014, investment in Song Company

Dr Investment in Song Company 406,000

    Cr Cash 406,000

2014, to record Song's net income

Dr Investment in Song Company 48,480

    Cr Investment revenue 48,480

2015, to record Song's net income

Dr Investment in Song Company 43,120

    Cr Investment revenue 43,120

2016, to record Song's net loss

Dr Loss on investment 45,760

    Cr Investment in Song Company 45,760

2014, to record Song's dividends

Dr Cash 19,040

    Cr Investment in Song Company 19,040

2015, to record Song's dividends

Dr Cash 40,480

    Cr Investment in Song Company 40,480

2016, to record Song's dividends

Dr Cash 29,040

    Cr Investment in Song Company 29,040

   

5 0
3 years ago
A nation's central bank makes an open market purchase of 20-year bonds. What is the short-run effect on the nation's economy
maks197457 [2]

Answer:

The answer is:

when a nation's central bank makes an open market purchase of 20-year bonds, short-run effect is that the quantity of money in circulation increases, interest rates are low because the nation's commercial banks have more money to lend. Households and businesses are motivated to borrow money because of low rates

Explanation:

This is a monetary tool - open-market operation which is a situation in which when the central bank purchases securities inorder to increase the money supply and sells securities to decrease the money supply.

So when a nation's central bank makes an open market purchase of 20-year bonds, short-run effect is that the quantity of money in circulation increases, interest rates are low because the nation's commercial banks have more money to lend. Households and businesses are motivated to borrow money because of low rates.

This is usually done to stimulate the economy i.e to stop the economy from slowing down.

5 0
3 years ago
You rent a car for $29.95. The first 150 miles are free, but each mile thereafter costs 15 cents. You drive it 200 miles. What i
ohaa [14]

Answer:

The marginal cost of driving the car is $7.50 + the cost of gas.

Explanation:

Initial cost: $29.95

200 miles you drove- 150 miles free= 50 miles you have to pay for

50 miles * 15 cents per mile

50* 0.15= $7.5

<u><em>$7.50</em></u>

4 0
2 years ago
Other questions:
  • Research indicates that __________ communication is more accurate and effective than _______ communication.
    13·1 answer
  • Randy is a minor-league baseball player. His current cumulative batting average is 0.270. Randy believes that if he can raise hi
    14·1 answer
  • Jen bought 100 shares of ABC stock at $15 a share on July 14, 2017. On August 7, 2018, she noticed that the stock had increased
    14·1 answer
  • In a good system of internal control, the person who initiates a transaction should be allowed to effectively control the proces
    14·1 answer
  • On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 101 Cash $ 27,200 Dr. 111
    15·1 answer
  • A company purchased new equipment for $53,000. The company paid cash for the equipment. Other costs associated with the equipmen
    11·1 answer
  • You have $2,500 to deposit into a savings account. The five banks in your area offer the following rates. In which bank should y
    10·1 answer
  • working capital is defined as A. All assets available for sale after long term debt is paid off. B. The assets that the company
    11·1 answer
  • You purchase a twenty year zero coupon bond with a yield of 5%. One year later you sell the bond at a yield of 4%. What is your
    5·1 answer
  • Which type of system would you find citizens paying higher taxes in order to have the Government provide some benefits for socie
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!