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

Kevin purchases 1,000 shares of Bluebird Corporation stock on October 3, 2020, for $115,000. On December 12, 2020, Kevin purchas

salantis [7]

Answer:a)$195,500 b) $10,735 c)$6,900

Explanation

a)adjusted basis of Kevin’s Bluebird stock on December 31, 2020?

1,000 shares was bought for $115,000

Therefore it was bought at $115 per share

Also

750 shares was bought at $80,500 and therefore bought at 107.33 per share

So in total of 1750 shares, He spent $195,500 ($115,000+ $80,500)

b.On December 12, 2020,he bought shares at 107.33 per share

500 shares would be 500 x $107.33=$53, 665

Therefore, Kevin’s recognized gain or loss from the’ sale of Bluebird stock on March 1, 2021 would be

$64,400- $53, 665 = $10,735

c.Assuming he cannot identify the shares sold, then we can say they are sold on a FIFO ( first in first out) basis. So we would consider the shares bought on October 3, 2020

so we have that

500 x $115=$57,500

$64,400 - $57,500 = $6,900

7 0

3 years ago

Crane Company purchased equipment on January 1 at a list price of $120000, with credit terms 4/10, n/30. Payment was made within

Brrunno [24]

Answer:

The cost of equipment = $127,650

Explanation:

According to International Accounting Standards (IAS) 16, property plants and equipment, the cost of land includes all of the cost necessary to bring and make it ready for the intended use.

These costs include purchase cost, fees and commission associated with the purchase transaction.

Here in this question the installation charges, sales taxes and the cost of concrete slab all fall within the definition of IAS 16

The quotation 4/10, n/30 implies that if payment is made within =10 days, Crane would get 4% off the initial purchase price.

Since the payment was made within the discounted period, the net purchase price would be

Purchase price = 120,000 - (4%× 120,000)= 115,200

The cost of equipment = 115,200 +4,750 + 2,100 + 5600= 127650

The cost of equipment = $127,650

4 0

3 years ago

Should all small businesses have websites and utilize social media

SIZIF [17.4K]

Answer:

Yes

Explanation:

You need to inform people of your business and what they do!

8 0

4 years ago

Read 2 more answers

Fill in the blanks for each of the following independent cases.

denis-greek [22]

The correct form to fill the blanks of the following independent cases is:

Case Revenues variable Fixed Total operating contribution

cost cost cost income margin Contribution

a 2400 600 200 800 1600 75% 1800

b 2500 1400 200 1600 900 44% 1100

c 500 300 200 500 0 40% 200

d 1200 900 200 1100 100 25% 300

The below formulas should be used:

Contribution = Revenues - variable cost.

Contribution margin = contribution ÷ revenue.

Operating income = Revenue - total cost

Total cost = fixed cost + variable cost

4 0

3 years ago

Saturation of domestic markets in the industrialized parts of the world has forced many companies to look for marketing opportun

Luda [366]

Answer:

national borders.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace.

Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

On a related note, the saturation of domestic (local) markets in the industrialized parts of the world has forced many companies into searching for better marketing opportunities beyond their national borders or shores of their country.

This ultimately implies that, as a result of having too many businesses in domestic (local) markets, many businesses have looked outwardly in search of better marketing opportunities by exporting their goods and services to foreign countries.

Export typically involves the sales of goods produced in a domestic country to a foreign country.

4 0

3 years ago