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
julsineya [31]
2 years ago
13

Econo Nation started 2008 with no national budget debt or surplus. By the end of 2008, it had a budget surplus of $304 million;

in 2009, it had a budget deficit of $452 million; in 2010, it had a budget surplus of $109 million, and the amount of its budget deficit or surplus in 2011 is unknown. If at the end of 2011 Econo Nation’s national debt totaled $50 million, determine the deficit or surplus in 2011.
Business
1 answer:
lorasvet [3.4K]2 years ago
4 0

Answer:

The deficit in 2011 is $11 million

Explanation:

For computing the deficit or surplus, first we have to find out the national budget debt or surplus which is shown below:

= Budget surplus in 2008 + budget deficit in 2009 + budget surplus in 2010

= $304 million - $452 million + $109 million

= - $39 million

And, the national debt is $50 million

So, the deficit would be equal to

= National budget debt + national debt

= -$39 million + $50 million

= - $11 million

You might be interested in
Arabian Beauty Cosmetics borrowed BD 152.300 from the National Bank of Bahrain (NBB) for three years. If the quoted rate (APR) i
Tju [1.3M]

Answer: 12.47%

Explanation:

First convert the APR to the relevant periodic rate.

The compounding is done daily so the periodic rate is:

= 11.75%/365

Effective Annual rate is calculated by the formula:

= ( 1 + periodic rate)  ^ compounding period per year - 1

= ( 1 + 11.75%/365)³⁶⁵ - 1

= 12.47%

5 0
2 years ago
Determine which startegic review process element is described below.
Nadusha1986 [10]

Answer:

a. New Strategic Projects

b. Trend Analysis

c. Environmental Scanning

Explanation:

In the statement a, the strategy followed is based on project. This amendment is viewed as a project rather than a business goal. This is one off modification in the system to automate the deposits and have check and balance with ease.

In statement b, the study of interest rates of past 5 years is trend analysis. Past events are analyzed to predict the future.

In statement c, the environmental analysis is done. The democratic candidate will impose higher taxes and republic candidate will lower the taxes, this is considered as environmental scanning.

5 0
3 years ago
If a 30% change in the price of grape soda leads to a 45% change in quantity demanded, then what is the price elasticity of dema
Kaylis [27]
2 grape sodas the price of it is 10 dollars
5 0
3 years ago
Vanguard has an overall (composite) WACC of 10%, which reflects the cost of capital for its average asset. Its assets vary widel
Svetradugi [14.3K]

Answer:

The projects which maximize Vanguard's shareholder wealth are Project A; Project B; Project D.

Explanation:

Projects which maximize the shareholder value are projects delivering Expected Returns which are higher than its risk-adjusted weighted average cost of capital (WACC).

As a result, Project A with Expected return of 15% and risk adjusted WACC of 12%; Project B with Expected return of 12% and risk adjusted WACC of 10%; Project D with Expected return of 9% and risk adjusted WACC of 8%; are the projects that maximize the shareholder's value.

On the other hand, Project C with Expected return of 11% and risk adjusted WACC of 12% is harmful to shareholder value.

8 0
3 years ago
Contribution margin is:
ddd [48]

Answer:

Sales less variable production, variable selling, and variable administrative expenses.

Explanation:

On a contribution margin income statement the variable administrative and variable selling are considered as variable cost and used to determinate the contribution margin.

Contribution margin =

sales revenue - total variable cost

the fixed cost are listed below the contriution,

once subtracted from the contribution, the rest is the net income.

8 0
3 years ago
Other questions:
  • Fixed overhead costs include​ ________.
    8·1 answer
  • Software that streamlines and automates business processes and enables organizations to use data effectively is called _______ s
    15·1 answer
  • In the table above the output level where the price minus atc (average total cost) is a maximum (or least negative) is the maxim
    9·1 answer
  • The rise in the number of mini-multinationals means that Group of answer choices there is greater state involvement in industry.
    11·1 answer
  • Don and Susanne have both been accused of insider trading. Don knows that if he confesses while Susanne keeps silent, he will re
    8·1 answer
  • Which of the following is a key characteristic of economic freedom?
    9·1 answer
  • If you were in charge of managing a group of employees, how would you assess their job performance? Describe at least two method
    15·1 answer
  • Creative Images Co. offers its services to individuals desiring to improve their personal images. After the accounts have been a
    15·1 answer
  • Journalizing Sales Transactions Enter the following transactions in a general journal. Use a 6% sales tax rate. May 1 Sold merch
    10·1 answer
  • Suppose executives at an art museum know that 100 adults are willing to pay $12 for admission to the museum on a given weekday.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!