Answer:
B. Government revenues are greater than expenditures in a given year
Explanation:
A government budget surplus is when the revenue of the government is higher than its expenditure in a given year.
Tax is one of the sources of government income.
Government spend money on the provision of public goods.
When government expenditures are greater than revenues in a given year, there is a deficit
When expenditure is equal to revenue, there is a balanced budget.
When a nation's exports is greater than its imports, net export is postive.
When a nation's imports are greater than its exports, net export is negative.
<h2>The given statement is false.</h2>
Explanation:
A CSR is equivalent to any other company but a difference is that a CSR work for Corporate Social Responsibility projects. The company get funds from other companies whose Annual turnover exceeds the limit specified by the Government.
CSR actually helps to eradicate to upgrade skills of under privileged youths, provide training to uncivilized women to enhance their skills and learn on their own, etc.
So CSR should use e-mail, newsletter and stay current on information to update themselves and to promote CSR further.
Answer:
PV= $12,111.93 = $12,112
Explanation:
Giving the following information:
Future Value (FV)= $150,000
Interest rate (i)= 8.75% = 0.0875
Number of periods (n)= 30
<u>To calculate the present value (PV), we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= 150,000 / (1.0875^30)
PV= $12,111.93
Answer:
1. Dr Cash $8,290
Cr Common stock $8,290
2. Dr Supplies $980
Cr Cash $390
Cr Accounts payable $590
3. No Entry $0
No Entry $0
Explanation:
Preparation of the entries to record the transactions
1. Based on the information given if he deposited the amount of $8,290 of his own money into this account in exchange for common stock the journal entry will be:
Dr Cash $8,290
Cr Common stock $8,290
(Being To record the investment)
2. Based on the information given in a situation where he Purchased photography supplies at a total cost of the amount of $980 which means that if The business paid the amount of $390 in cash, and the balance is on account the journal entry will be:
Dr Supplies $980
Cr Cash $390
Cr Accounts payable $590
($980-$390)
(Being To record the purchase of supplies)
3. Based on the information given in a situation where he Obtained the estimates on the cost of photography equipment from the three different manufacturers which means that no transaction or entry will be recorded.
No Entry $0
No Entry $0
Answer:
d. 96,000
Explanation:
Provided required rate of return on investments of $800,000 = 12%
Now desired profit = $800,000 X 12% = $96,000
therefore when fixing the price per unit this profit shall be added, and then reverse calculation is done.
With this we can get the desired profit.
At the last the total of cost and profit shall be divided by number of units to get the selling price per unit.
Therefore desired profit in dollars = $96,000
