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2 years ago

If South Dakota's governor reports a budget surplus in 2011, that state government likely:

1 answer:

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The governor of South Dakota reports a budget surplus in 2011 and he states that the government received more taxes in the year than it spent in that year

Explanation:

Budget is the amount that the government plans and spends for the future needs and always the government introduces the budgets in the beginning of the year

Taxes must be paid regularly by the citizens and it is the due responsibility and the report of the taxes paid will be given to the governor an the report will be read and in one such report the governor of Dakota reported that there was a budget surplus the government received more taxes than it spent

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The expenditure approach to GDP is a calculation that separates output by each of the _________ major sectors of an economy.

Troyanec [42]

Answer:

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period.

GDP calculated using the expenditure approach: GDP = Consumption spending by households + Government Spending + investment by business + Net Export.

I hope my answer helps you.

8 0

2 years ago

Identify which of the following statements is false. A. The AAA balance can be negative, but the shareholder's basis in the S

astra-53 [7]

Answer:

(B) Nonmoney property distributions made by an S corporation having accumulated E&P are treated differently when determining the corporateminuslevel gain recognized under Sec. 311 than are property distributions made by an S corporation without accumulated E&P.

Explanation:

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2 years ago

Phillips Equipment has 80,000 bonds outstanding that are selling at par. Bonds with similar characteristics are yielding 7.5%. T

ollegr [7]

Answer:

A) 10.15%

Explanation:

Cost of equity (Re) = 14.06% or 0.1406

cost of preferred stock (Rp) = 7/65 = 0.10769

cost of bonds (Rb) = 7.5% or 0.075

outstanding shares = 2.5 million shares x $42 = $105 million

bonds outstanding = $1,000 x 80,000 bonds = $80 million

preferred stock = $65 x 750,000 = $48.75 million

corporate tax rate = 38% or 0.38

total market value of equity + debt (in millions) = $105 + $48.75 + $80 = $233.75

WACC = [(outstanding shares / total market value) x Re] + [(preferred stock / total market value) x Rp] + {[(bonds outstanding / total market value) x Rb] x (1 - tax rate)}

WACC = [($105m / $233.75m) x 0.1406] + [($48.75m / $233.75m) x 0.10769] + {[($80m / $233.75m) x 0.075] x (1 - 0.38)}

WACC = 0.06316 + 0.02246 + 0.01591 = 0.10153 or 10.15%

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2 years ago

The productivity gains achieved by specialization are due to A. comparative advantage. B. lower opportunity costs from switching

Ronch [10]

Answer:

Comparative advantage.

Explanation:

Comparative advantage is the ability to produce good and services at a lower opportunity cost compared to others , leading to lower selling price and competitive advantage over others .

Specialization is about concentrating on producing a few products in order to

build brands , expertise and gain maximum productivity leading to a reduction in selling price and a comparative advantage.

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3 years ago

Read 2 more answers

n 2015, Caterpillar Inc. had about 730 million shares outstanding. Their book value was $30.0 per share, and the market price wa

Alika [10]

Answer:

The book debt-to-value ratio is 0.57

Explanation:

The computation of the book debt-to-value ratio is shown below:

Book debt-to-value ratio = (Book value) ÷ (book value of debt)

where,

Book value is $30.0 per share

Book value of debt = Outstanding shares × book value + long term debt

= 0.730 × $30 + $30.50

= $21.90 + $30.50

= $52.40

Now put these values to the above formula

So, the value would equal to

= $30.00 ÷ $52.40

= 0.57

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2 years ago