The budget making process rests with the Congress.
In the United States, the budget making process rests with the Congress. This budget process is where the president submits a budget request to the Congress, and the the House of Senate pass the budget resolution. Thus, a national budget calculates how much is expected to be spent and gained during a period of time.
In the budget, the revenue estimate and the spending plans of the government are outlined. When the spending is higher than expected revenues, it is called a budget deficit and then the government needs to borrow funds to cover the deficits.
Hence, option A is correct.
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Answer:
to provide honest and realistic recommendations and conclusions in the execution of one's duties
to comply with enforced laws,
Explanation:
Answer:
The profit is shared among the partners according to the ratio given in the partnership deed.
This can be agreed in two ways according to the agreement deed:
1) The profits could be shared according to the partnership deed equally or whatever ratio is given in the deed.
2) As Lyle provides services as an architect, draftsperson, and business manager he can be paid separately for his services . Suppose he is paid $ 50,000 then the profit can be shared after deduction of the salary in the profit sharing ratio, which would be $ 120,000 - $ 50,000 = $ 70,000
in the ration of 3:1 then Raymond would get $ 52,500 and Lyle $ 17,500 Plus Salary $ 50,000.
Answer:Could you add the options?
Explanation:
The cost for Chester corporation to repurchase all its outstanding shares if the price fell by 10% is $214.1 million.
<h3>How to calculate the cost?</h3>
It should be noted that the market value will be:
= Outstanding shares × Closing price per share
= 1906233 × 112.33
= $214.1 million.
In conclusion, the cost for Chester corporation to repurchase all its outstanding shares if the price fell by 10% is $214.1 million.
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