All categories

3 years ago

Explain in detail the difference between the United States government's budget deficit versus the national debt.

Business

1 answer:

Simora [160]3 years ago

5 0

Answer:

The debt is the total the U.S. government owes—the sums it borrowed to cover last year's deficit and all the deficits in years past.

Explanation:

You might be interested in

In 1999, the Coca-Cola Company developed a vending machine that would raise the price of Coke in hot weather. Present a supply a

Yuri [45]

Tell me if you need verbal explanation

5 0

4 years ago

Gourmet Aroma Coffee House has an exclusive contract with Columbia exporters. Two brands of gourmet coffee are imported, Morning

Marina86 [1]

Answer:

$24,160 favorable

Explanation:

The computation of the total contribution margin sales volume variance is given below:

The Budgeted contribution margin per pound of MT is

= $40 - $20

= $20 per pound

Now the budgeted contribution margin per pound of ET is

= $60 - $30

= $24 per pound

MT's contribution margin sales volume variance is

= (Actual sales quantity - Budgeted sales quantity) × Budgeted contribution margin per pound

= (3960 - 4000) × $20

= $800 Unfavorable

ET's contribution margin sales volume variance is

= (Actual sales quantity - Budgeted sales quantity) × Budgeted contribution margin per pound

= (5,040 - 4000) × $24

= $24,960 favorable

Now the total contribution margin sales volume is

= $800 unfavorable + $24,960 favorable

= $24,160 favorable

8 0

3 years ago

On January 15, Ayayai Corp. sells merchandise on account to Martinez Associates for $7000 with terms 1/10, n/30. On January 20,

DochEvi [55]

Answer:

The amount of cash received will be $6039

Explanation:

The amount of cash received on January 24 will be the net amount after deducting the sales returns and the discount allowed as the payment is made within 10 days period of the sale and the terms 1/10 states a 1% discount if payment is made within 10 days.

The net value of receivables after sales returns = 7000 - 900 = 6100

The discount allowed = 6100 * 1% = 61

Cash to be received = 6100 - 61 = $6039

4 0

3 years ago

Movers Company manufactures sneakers. The production of their new sneaker for the coming three months is budgeted as follows:

Volgvan

Answer:

Option (b) is correct.

Explanation:

Given that,

Budgeted production (September) = 50,000

Direct labor time for producing each sneaker = 2 hours

Direct labor wages average = $15 per hour

Direct labor budget for September:

= Budgeted production of sneaker in September × direct labor time require for each sneaker × Direct labor wages average per hour

= 50,000 × 2 hour × $15

= $1,500,000

Therefore, the direct labor cost budgeted for September is $1,500,000.

5 0

3 years ago

uppose the annual demand function for the Honda Accord is Qd = 430 – 10 PA + 10 PC – 10 PGwhere PA and PC are the prices of the

emmainna [20.7K]

Answer:

Qd = 400 units

elasticity of demand of the Accord with respect to the price of Camry = 0.5

elasticity with respect to the price of gasoline = -0.075

Explanation:

Solution:

The annual demand function for the Honda Accord is:

Qd = 430 – 10 PA + 10 PC – 10 PG

Where,

PA = Price of Honda Accord

PC = Price of Honda Camry

PG = Price of Gasoline per gallon.

Selling Price of both cars = $20,000

Fuel Cost = $3 per gallon.

a) Elasticity of Demand of the Accord with respect to the price of Camry.

First, we need to calculate the number of units demanded.

Qd = 430 – 10 PA + 10 PC – 10 PG

Qd = 430 – 10 (20) + 10 (20) – 10 (3.00)

Qd = 430 - 200 + 200 - 30

Qd = 430 - 30

Qd = 400 units

Cross-price elasticity of the Accord with respect to the price of the Camry will be:

Cross Price = (dQd/dPC) x (PC)/(Qd)

dQd/dPC = 10

PC = 20

Qd = 400

So,

Cross Price = 10* 20/400

Cross Price = 0.5

b) Elasticity with respect to the price of gasoline?

Elasticity = (dQd/dPG)*(PG/Qd)

dQd/dPG = -10

PG = 20

Qd = 400

Elasticity = (-10)*(3/400)

Elasticity = -0.075

5 0

3 years ago