All categories

4 years ago

What is the purpose of a continuing resolution?

Business

1 answer:

tangare [24]4 years ago

6 0

Answer:

to set federal government spending at the same level as the year before

Explanation:

Generally a continuing resolution is passed by Congress if the national budget is not yet approved or agreed upon. The budget must be approved every year with an appropriations law, but sometimes the process is delayed. Then Congress generally passes a continuing resolution to make sure that federal agencies' budgets will not be affected, and that they can continue to operate with the same budget as the previous year until the current year's budget is approved.

If Congress didn't pass the continuous resolution, the government agencies would not be able to function because they lack funds.

You might be interested in

Select all parts that should be included in a resume.

Lady_Fox [76]

Answer:

Objective , contact information, work experience, education and training, education and training, name.

4 0

3 years ago

1. A speculative attack on a currency occurs when:

Shalnov [3]

Answer:

B. Investors´ perceptions change, making a fixed exchange rate untenable.

Explanation:

A speculative attack happens when a lot of untrustworthy assets are sold by many investors and with that sale, they buy valuable assets.

In currency, it occurs when the national currency is sold massively and suddenly by national and foreign investors. These types of speculative attacks are seen especially on currencies that use a fixed exchange rate. They have the value of it tightened to a foreign currency.

I hope this answer helps you.

8 0

3 years ago

On January 1, Year 1, Bryson Company obtained a $147,750, four-year, 7% installment note from Campbell Bank. The note requires a

Charra [1.4K]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

1) The amortization schedule is presented on the attachment below:

2).

Journal Entry

1 Jan Cash A/c Dr. $147,750

To Notes payable A/c $147,750

(Being the cash received is recorded)

31 Dec Interest expense A/c Dr. $10,342.50

Notes payable A/c $33,277.50

To Cash A/c $43,620

(Being the annual payment of installment including interest is recorded)

31 Dec Interest expense A/c Dr. $8,013.08

Notes payable A/c $33,606.93

To Cash A/c $43,620

(Being the annual payment of installment including interest is recorded)

31 Dec Interest expense A/c Dr. $5,520.59

Notes payable A/c $38,099.41

To Cash A/c $43,620

(Being the annual payment of installment including interest is recorded)

31 Dec Interest expense A/c Dr. $2,853.83

Notes payable A/c $40,766.17

To Cash A/c $43,620

(Being the annual payment of installment including interest and setting off liabilities is recorded)

3).

Bryson Company

Income Statement

Particular Amount ($)

Revenue -

Expenses

Less - Interest expense 10,342.50

Less - Other expenses -

Net Income -

4 0

3 years ago

The term protectionism, when applied to international trade, refers to governmental restrictions and incentives to affect trade

SVETLANKA909090 [29]

Answer:

True

Explanation:

Protectionism refers to barrier on import products by restricting products from the foreign market. it can be achieved by putting heavy taxes on imports or implying strict regulation on import products.

it is not a fixed approach it is done when a country decides to go strong in the manufacturing field or want to strengthen its domestic industries by giving subsidy for setting up industries.

5 0

3 years ago

In a proceeds transaction: I. a customer directs that a position be sold; and the funds generated from the sale be used to buy a

Serggg [28]

Answer:

I and IV

Explanation:

A proceed transaction is a type of transaction in securities where a broker uses the proceeds of the sales of a security to buy another security , still constituting a transaction. (option 1)

A proceed transaction is subjected to a combined mark - up or commission , where the mark up earned on the disposed security is added to the mark up earned on the new security bought in replacement , which must be reasonable and fair. (option iv)

6 0

3 years ago