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sukhopar [10]
3 years ago
11

​Which statement regarding budget resolutions is most accurate? ​

Business
1 answer:
mr_godi [17]3 years ago
4 0

Answer:

(d) Congress has not passed a budget in some years because it will not follow its own rules. ​

Explanation:

"Nearly four months into fiscal 2018, Congress has passed none of the dozen spending bills it’s theoretically supposed to enact every year. Instead, lawmakers are on their third stopgap measure, which keeps government operations funded until Jan. 19. Failure to enact full-year spending bills by that date – or, failing that, another short-term measure – would force big chunks of the federal government to shut down."

Budget resolutions pass to start the coming fiscal year on October 1st, not in January nor May.

"If Congress does not complete action on an appropriations bill before the start of the fiscal year on October 1, it must pass, and the President must sign, a continuing resolution (CR) to provide stopgap funding for affected agencies and discretionary programs. [...]

Separately from the limits established in the annual budget process, Congress operates under statutory deficit-control mechanisms that prevent tax and mandatory spending legislation from increasing the deficit and that constrain discretionary spending."

References:

DeSilver, Drew. “Congress Has Long Struggled to Pass Spending Bills on Time.” Pew Research Center, Pew Research Center, 16 Jan. 2018

Center on Budget and Policies Priorities. “Policy Basics: Introduction to the Federal Budget Process.” Center on Budget and Policy Priorities, 9 July 2019

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Although the budget is​ strained, PQR Inc. refuses to cut the training budget because​ ______________.
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Answer:

The correct option is B. Although the budget is​ strained, PQR Inc. refuses to cut the training budget because​ when employees keep their professional knowledge​ current, they are more likely to be innovative.

Explanation:

It was best for PQR Inc. to not cut the training budget because properly trained staff can be very economical for the company. When a budget is planned for the training of the employees and the workers are trained time to time with new techniques then it leads to better performance by the employees. It would also increase the self-esteem of the workers as they would recognize the importance of a task and will come up with new ideas to perform the tasks in a much better way.

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3 years ago
Which of the following events will directly cause the U.S. money supply to rise by $400 million?
sammy [17]

Answer:

b. The Federal Reserve purchases $400 million of T bills from dealers

Explanation:

The money supply is the amount of money in circulation measured by narrow money (MO) and broad money (M4). This is related with the increase in the money supply in the economy.

8 0
3 years ago
True or False. A post-closing trial balance is a list of all accounts and their balances after we have updated account balances
kotegsom [21]

Answer:

True

Explanation:

There are two columns in the trial balance, namely columns of debits and columns of credits. It is always important to balance the total debit and credit columns. The debit columns reflect assets and expenses side while sales, stockholder equity, and the liability side are listed in the credit column.

After passing the adjusting entries, the account balances are updated which we called a post-closing trial balance

So, the given statement is true

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3 years ago
Janet, a manager at hollyoak systems, is known for her passionate and people-friendly ways. janet knows all her employees well a
PtichkaEL [24]
Based on the scenario above, Janet can be regarded as an Free-rein learder. Janet has the authority style where subordinates are not straightforwardly managed and rather should work on possess and demonstrate their value through achievements. No particular supervisory criteria must be met.
3 0
3 years ago
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Ceres corporation acquired a mineral mine for $6,000,000 of which $600,000 was ascribed to land value after the mineral has been
myrzilka [38]

Answer:

$11,880,000

Explanation:

Depletion is an estimated cost of a natural resource that is extracted. This resource is expensed as the extraction is made.

As per given data

Value of Rights = $60,000,000

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As we know land does not depreciate or depleted.

Depletion Value = $60,000,000 - $600,000 = 59,400,000

Estimated resources = 9 million units

Resources extracted in the period = 1.8 million units

Depletion expense is based on ratio of the amount of extraction in period to the total expected resource.

Depletion Expenses = $59,400,000 x 1.8 million units / 9 million units = $11,880,000

8 0
4 years ago
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