All categories

3 years ago

One reason for not requiring a balanced federal budget at all times is that with a balanced-budget rule:_________.

Business

1 answer:

lana [24]3 years ago

6 0

Answer:

d. in a recession the automatic stabilizing powers of our system of taxes and transfers could not work.

Explanation:

A balanced government expenditure is when government spending equals government revenue.

most times, the government doesn't have a balanced budget. it either has a surplus or a deficit.

When there is a recession, automatic stabilisers - progressive tax and transfer payment - may not be adequate to lift the economy out of recession. So, the government would have to spend more than it receives from taxes to revive the economy. in this case there would be a deficit

You might be interested in

Greer Manufacturing purchases property that includes land, buildings and equipment for $4.7 million. The company pays $185,000 i

nekit [7.7K]

Answer:

Explanation:

The journal entry is shown below:

Land A/c Dr $1,459,920

Equipment A/c Dr $2,085,600

Building A/c Dr $1,668,480

To Cash A/c $2,607,000 ($5,214,000 × 50%)

To Notes payable A/c $2,607,000 ($5,214,000 × 50%)

(Being purchase of property is recorded)

The total property cost would be

= $4,700,000 + $185,000 + $218,000 + $111,000

= $5,214,000

Estimated value of land = $5,214,000 × 28% = $1,459,920

Estimated value of building = $5,214,000 × 40% = $2,085,600

Estimated value of equipment = $5,214,000 × 32% = $1,668,480

6 0

3 years ago

An investor invests $4,000 to buy 200 shares of Sand Corporation, which has an expected return of 24%; $2,000 to buy 100 shares

Anni [7]

Answer:

Expected return = 28%

Explanation:

given data

invests $4,000

share = 200

return = 24%

and

invests = $2000

share = 100

return = 18%

and

invest = $4,000

share = 400

return = 28%

to find out

expected return on this portfolio

solution

we know total investment is

Total investment = 4000+2000+4000

Total investment = 10000

and

Wt. of Sand Corporation shares in the total portfolio= $\frac{4000}{10000}$ = 0.4

Wt. of Water Corporation shares in the total portfolio= $\frac{2000}{10000}$ = 0.2

Wt. of Beach Corporation shares in the total portfolio= $\frac{4000}{10000}$ = 0.4

and

Expected return on the given portfolio is

Expected return = 0.4 × 24% + 0.4 × 18% + 0.4 × 28%

Expected return = 28%

5 0

3 years ago

Approach Company, which applies overhead to production on the basis of machine hours, reported the following data for the period

FinnZ [79.3K]

Answer:

$11,000 unfavorable

Explanation:

Calculation to determine the company's fixed-overhead volume variance would be:

Actual fixed overhead incurred ($791,000)

Less Budgeted fixed overhead ($780,000)

Fixed-overhead volume variance $11,000 unfavorable

Therefore the company's fixed-overhead volume variance would be: $11,000 unfavorable

4 0

3 years ago

Consulte cinco ejemplos de género dramático

GrogVix [38]

Octavia Autor: Séneca.

El rey Lear Autor: William Shakespeare.

Hamlet Autor: William Shakespeare.

Edipo rey Autor: Sófocles.

El castillo sin venganza Autor: Lope de Vega.

6 0

3 years ago

Which of the following is considered a constructive delivery of a gift?

Hoochie [10]

Answer:

A) giving the key to a safe-deposit box where the gift is kept

Explanation:

A Constructive delivery possession is that acquisition when here a symbolic transfer of property. The constructive distribution of the possession is basically a right that the property is not actually managed
But the donor has done something to convey the possession, but the property is of such a nature that physical possession is then not possible, the creative possession of the property is sufficient to carry out the act of gift.

7 0

3 years ago