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Murljashka [212]
3 years ago
15

A budget ▼ deficit surplus is the amount by which government spending exceeds revenues in a given year. A budget ▼ deficit surpl

us is the amount by which government revenues exceed government expenditures in a given year.
Business
1 answer:
777dan777 [17]3 years ago
6 0

Answer:

The correct answer is: deficit; surplus.

Explanation:

A budget deficit refers to the situation when the government expenditures are greater than government revenue. While a budget surplus is a situation where the government revenues are greater than government expenditure.  

When government expenditures are equal to government revenues, the budget is said to be in balance.  

A budget deficit is corrected by increasing taxes and decreasing spending.  

A budget surplus can also be referred to as government saving.

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Tri Fecta, a partnership, had revenues of $367,000 in its first year of operations. The partnership has not collected on $45,800
inessss [21]

Answer:<em> </em><em>$ 155,440</em>

Explanation:

Receipt:  

Cash received from customer(367,000 - 45,800)           321,200

Investment                                                                           47,000

Borrowed money                                                                26,000

Total Receipts                                                                   394,200

Disbursement:  

Payment to vendor(240,000 - 39,600)                           200,400

Salary                                                                                   26,200

Interest                                                                                   2,860

Insurance policy                                                                     9,300

Total Disbursement (B)                                                       238,760

Cash balance (A - B)                                                            155,440

7 0
3 years ago
The current FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $6,000 of an employee's pa
ANTONII [103]

Answer: E.) $372.00.

Explanation:

FUTA and SUTA are applied on the first $6,000.

FUTA Tax = 0.8% * 6,000

= $48

SUTA Tax = 5.4% * 6,000

= $324

Total Unemployment tax = 324 + 48

= $372

6 0
2 years ago
Reporting Financial Statement Effects of Bond Transactions Lundholm, Inc., which reports financial statements each December 31,
saw5 [17]

Answer:

                            Lundholm, Inc

                            Journal Entries

Date          Account Titles                   Debit          Credit

May 1, 18   Cash                                $500,000

                       Bonds payable                               $500,000

                 (To record the bond issuance)                  

31 Oct, 18  Interest Expenses           $22,500

                 (500000*9%*6/12)

                         Cash                                               $22,500

                 (To record payment of the first semiannual period’s interest)

Nov 1, 19  Bonds payable                  $300,000

                Loss on Bonds                  $3,000

                          Cash                                                $303,000

                 (To record retirement the bonds at 101 on November 1, 2019)

8 0
3 years ago
Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $36,000 to
mihalych1998 [28]

Answer:

Option D. is correct answer. D. $27,645

Explanation:

Net Present value = Present value of cash inflow + Present value of residual value - Initial investment

= $19000*3.170 + $5000*0.683 - $36,000

= $27,645

7 0
3 years ago
Takelmer Industries has a different WACC for each of three types of projects. Lowrisk projects have a WACC of​ 8.00%, averageris
Ymorist [56]

Answer:

The correct option is B. ​A, D,​ E, F,​ G.

Explanation:

IRR can described as the discount rate makes a project's net present value (NPV) to be equal to zero. Any rate that is higher than the IRR results in a negative NPV.

The weighted average cost of capital (WACC) can be described as cost of capital of a firm that is calculated by givng proportional weight to each category of capital of the firm.

For this question, the decision rule is therefore to reject any project that its IRR is less than its associated WACC.

The analysis can be done as follows:

Project       Level of Risk         IRR          WACC         Recommendation

A                     Low                 ​9.50%       8.00%               Accept

B                Average              ​8.50%       10.00%               Reject

C                Average              ​7.50%       10.00%               Reject

D                   Low                  ​9.50%        8.00%              Accept

E                   High ​                14.50%         12%                 Accept

F                   High                 ​17.50%         12%                  Accept

G              Average               ​11.50%       10.00%               Accept

Based on the analysis above, projects A, D,​ E, F and G are therefore recommended to the firm to accept.

Therefore, the correct option is B. ​A, D,​ E, F,​ G.

6 0
3 years ago
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