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3 years ago

Identify any 5 macroeconomic objective in 2019 budget

Business

1 answer:

hichkok12 [17]3 years ago

8 0

Answer:

For the U.S. 2019 budget:

Deficit: keeping deficit between 4.1 and 4.7 percent of GDP.

Debt: debt will continue to grow steadily, but it should be no more than 93 percent of GDP by 2029.

Government revenue: federal government revenue should be 16.5 percent of GDP.

Spending: Federal outlays should sit at 20.8 percent of GDP.

Economic performance: Real GDP should grow by 2.3 percent of GDP.

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For each of the following, journalize the necessary adjusting entry. (a) A business pays weekly salaries of $15,000 on Friday fo

Helen [10]

Answer:

Part 1:

Account Debit Credit

Salary Expense $9,000

Salary Payable $9,000

Part 2:

Account Debit Credit

Salary Expense $12,000

Salary Payable $12,000

Explanation:

Part 1:

Wednesday (3rd day of the week)

Salary of week =$15,000

Salary of each day=$15,000/5

Salary of each day=$3,000

Salary on Wednesday=$3,000*3

Salary on Wednesday=$9,000

Journal Entry:

Account Debit Credit

Salary Expense $9,000

Salary Payable $9,000

Part 2:

Salary of week =$15,000

Salary of each day=$15,000/5

Salary of each day=$3,000

Salary on Wednesday=$3,000*4

Salary on Wednesday=$12,000

Journal Entry:

Account Debit Credit

Salary Expense $12,000

Salary Payable $12,000

5 0

3 years ago

Pug Photoshop sold $2,900 in gift cards on a special promotion on October 15, 2021, and sold $4,350 in gift cards on another spe

NikAS [45]

Answer:

the deferred revenue account is $2,900

Explanation:

The computation of the deferred revenue account is as follows;

= November sales - redemption of November and December month

= $4,350 - $435 - $1,015

= $2,900

Hence the deferred revenue account is $2,900

It could be come after applying the above formula

Therefore the correct option is 2nd

3 0

3 years ago

You invest $100 in a risky asset with an expected rate of return of 0.12 and a standard deviation of 0.15 and a t-bill with a ra

kvasek [131]

<span>57% and 43%
I'm pretty sure that this is what you're looking for so if you need more help or want me to explain this more just ask!
- Just Peachy</span>

6 0

4 years ago

As of January 1 of the current year, the Joyner Company had accounts receivables of $50,000. The sales for January, February, an

liq [111]

Answer:

Total cash collections in February are $133600

Explanation:

The collections in the month of February will include 20% of sales made in February in account for cash sales.

Cash sales = 140000 * 0.2 = $28000

Thus, Credit sales for February are = 140000 - 28000 = $112000

Out of these credit sales made in February, 60% will be collected in February. Thus, credit sales made in February that will be collected in February are,

February collections from February credit sales = 112000 * 0.6 = $67200

Total cash collections in February from February sales = 67200 + 28000

Total cash collections in February from February sales = $95200

In addition, out of the credit sales made in January, 40% will be collected in February.

Collection from January sales in February = 120000 * 0.8 * 0.4 = $38400

Total collections in February = 38400 + 95200 = $133600

7 0

3 years ago

E) True, false, uncertain, or not enough information?

Evgesh-ka [11]

False, If wage goes up so will everything else

4 0

3 years ago