In many developing countries, the share paid in a deficit budget  was as much as the united amount for water, health, agriculture, roads, transport and finance.
<h3>What is the surplus and deficit budget?</h3>
A budget surplus is when extra money is gone over in a budget after expenses are paid. A budget deficit ensues when the federal government spends more money than it contains in revenue. Internal loans that drive up for the bulk of public debt are further divided into two broad types – marketable and non-marketable debt.
Anyone having borrowed funds or interests from another owes a debt and is beneath obligation to return the goods or repay the funds, usually with interest. For governments, the demand to borrow to finance a deficit budget has led to the growth of various states of national debt.
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Answer:
B) Debts can usually be erased in about 6 months. 
 
        
             
        
        
        
Answer:
$338,712
Explanation:
we must first calculate the monthly payment using the present value of an annuity formula:
present value = monthly payment x annuity factor
present value = $340,000
PV annuity factor, 0.529167%, 420 periods = 168.38268
monthly payment = $340,000 / 168.38268 = $2,019.21 
Since the monthly payment was actually higher than $1,800, the balloon payment will be almost $340,000
I prepared an amortization schedule using an excel spreadsheet. During the first years, the principal is only decreasing by $1 each month
 
        
             
        
        
        
Answer:
$87 million
Explanation:
The projected benefit obligation (PBO) is a measurement of the present amount of money needed by a company to cover future pension liabilities. PBO uses how long the employee will work and any increased future obligations to the employee's pension. 
Given that:
PBO at the beginning of the year = $80 million
Service cost for the year =  $10 million
Interest =  Discount rate × PBO at beginning of the year = 5% × $80 million = 0.05 × $80 million = $4 million
Actuarial (gain) Loss = Amount paid - Expected money = $5 million - $4 million = $1 million
Benefits paid paid by trustees = $6 million
The total pension expense for the year = PBO at year beginning + Service cost + interest - Actuarial (gain) Loss - benefits = $80 million + $10 million + $4 million - $1 million - $6 million = $87 million
 
        
             
        
        
        
Answer:
$30,900
Explanation:
Assets are major components of the statement of financial position. They are defined as anything owned by a company as a result of past activities that result to an inflow of economic benefits
                      Cash    Asset    Liability     Expenses   
 Capital        11000     11000
Equipment    (1400)    1400                       
Loan             15000    15000     15000
Rent               (100)      (100)                           100
Inventory       (400)      400
Sales             3200      3200
Total                            30900     15000