Answer:
Budget deficit of $100,000
Explanation:
Calculation to determine how much the city of Miketown had
Budget deficit=Amount collected in taxes - Amount spent
Let plug in the formula
Budget deficit=$250,000-$350,000
Budget deficit =$100,000
Therefore in 2014 the city of Miketown had a BUDGET DEFICIT of $100,000
Answer:
25 years
Explanation:
4% of 100 is $4, $4 times 25 is $100
B. The allowance for doubtful accounts is reported as a deduction from accounts receivable on the balance sheet
C) Mutual funds. They usually invest capital that has different origins (clients of an investment organization) to buy securities from different firms and create a profit from it.
The reasons for PSO to switch from DB to DC Scheme are:
- It has gold standard for pensions.
- They are more secure.
- More generous than DC pensions and pay an income that increases along with inflation.
<h3>What are the reasons for a shift?</h3>
The movement from defined benefit (DB) to defined contribution (DC) pension plans is known to be one that has made workers to decide or make choices that may affect their financial resources in terms of retirement.
Therefore, DC Scheme is more of a benefit to the employees that the company as it tends to lower an employee's taxable income.
Learn more about pensions from
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