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Alekssandra [29.7K]
3 years ago
7

In the economy, tax revenue collected by the government this year is $15 million and government outlays are $13 million. This co

untry currently has a ____. Multiple Choice budget deficit of $3 million. budget surplus of $2 million public debt of $2 million budget surplus of $3 million
Business
2 answers:
zubka84 [21]3 years ago
6 0

Answer:

budget surplus of $2 million

Explanation:

When income or receipt increases from the outlay, then budget surplus arises. Whereas when outlay increases from the income or receipts the budget deficit arises.

Revenue Collection for the year = $15 million

Government outlay for the year = $13 million

Budget Surplus / Deficit = $15 million - $13 million = $2 million budget Surplus

Maksim231197 [3]3 years ago
4 0

Answer:

Budget surplus of $2 million

Explanation:

Tax revenue collected = $15 million

Government outlays = $13 million

Government outlays are government expenditures made by a government in the form of a kind service ( cash disbursement ) which are recorded for the purpose of determine the overall government spending in relation to generated revenue.

since the outlays are lower than the revenue collected there is most likely a budget surplus ( $15 million - $13 million = $2 million ).

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Southwest U's campus book store sells course packs for $14 each. The variable cost per pack is $12, and at current annual sales
Mumz [18]

Answer:

$23,000

Explanation:

current annual sales = 49,000 packs

Selling price of course packs = $14 each

variable cost per pack = $12

Earnings = $75,000

Contribution:

= current annual sales × (Selling price of course packs - variable cost per pack)

= 49,000 packs × ($14 - $12)

= 49,000 packs × $2

= $98,000

Fixed costs of producing the course packs:

= Contribution - Earnings

= $98,000 - $75,000

= $23,000

4 0
3 years ago
If there is little demand for a product, the price for that product will
Arte-miy333 [17]
C because when you want something less they make it cheaper hoping you’ll want it more. McDonald’s coffee is cheaper then Starbucks making it a bargain and poor people want it
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3 years ago
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A steel manufacturing firm with about 1,000 employees operates in an environment that is simple and integrated (it makes a small
WINSTONCH [101]

Answer:

Organic structure.

Explanation:

Organic structure: It is defined as flat organizational structure as it does not follow normal hierarchical structure, it is more of a decentralized structure with a lesser layer of management at every level, where more information is shared among employee and each department co-operate with other departments, which helps the organization to adapt well with the changes. Employees have the opportunity to participate in the decision-making process of the organization.

In the given case, Steel manufacturing firm are following an environment that is simple and integrated but also dynamic and hostile, which is a perfect organic structure.

4 0
4 years ago
A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as p
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Answer:

Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.

Explanation:

The visual appearance is both non rival and non excludable I.e. Pure public good

Benefit is 17*490=8.330

Benefit is greater than cost so college administrators should undertake the beautification initiative

7 0
3 years ago
When a perpetual inventory system is used, the unit costs of the items sold are known at the date of each sale. In contrast, whe
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Answer and explanation:

The statements are correct because using the perpetual inventory system implies recording purchases and returns at the same moment items are received or sold. The Cost of Goods account is updated every time their inventory exists. On the other hand, the periodic inventory system records buying or selling activities following a schedule that could be every month, quarter or once per year. The Cost of Goods account is used occasionally.

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4 years ago
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