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erastova [34]
3 years ago
12

The federal deficit fell from $1,300 billion in 2011 to $1,087 billion in 2012. How much of this change was due to

Business
1 answer:
densk [106]3 years ago
6 0

Answer:

Dear Student,

I trust that this meets you well.

The question requires additional details for it to be answered.

Kindly provide the same as soon as you can.

Cheers

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During periods of decreasing costs, the use of the LIFO method of costing inventory will result in a lower amount of net income
gladu [14]

Answer:

b. False

Explanation:

LIFO stand for Last in First Out. This means LIFO inventory valuation is based on earlier goods purchased.

So, when costs are decreasing, they are affecting latter prices and this usually affect FIFO (First in First Out) not LIFO.

7 0
3 years ago
The XYZ bank has sold shares of the ABC Company to a client, who plans to hold the shares for a period of time. The securities a
nydimaria [60]
B) Secondary securities (bank to clients)
3 0
3 years ago
BG, Inc. reported the following information related to their manufacturing costs: Direct Labor $200,000; Direct Materials $ 150,
bagirrra123 [75]

Answer:

$450,000

Explanation:

Given that,

Direct Labor = $200,000;

Direct Materials = $150,000;

Manufacturing Overhead Costs = $250,000

Therefore, the total amount of conversion cost is the sum total of direct labor cost and manufacturing overhead cost.

Total amount of BG, Inc's conversion costs:

= Direct Labor cost + Manufacturing Overhead Costs

= $200,000 + $250,000

= $450,000

8 0
3 years ago
All of the following describe a budget appropriately EXCEPT: A. It is the best tool to help you get more for your money. B. It i
Liono4ka [1.6K]

Answer:

Ithink B

Explanation:

but I'm not sure

5 0
3 years ago
Read 2 more answers
Potential GDP of​ $12 trillion and if real GDP equaled potential​ GDP, the budget deficit would be​ $1 trillion.
Karo-lina-s [1.5K]

Answer:

D. deficit of​ $1 trillion; surplus of​ $4 trillion

Explanation:

If the economy reaches their potential at 12 trillion the government would run a deficit of 1 trilllon which means there is an structural deficit of 1 trillion

As currently there is a surplus of 3 trillion This mean the economy is in a cycle under which there is a surplus of 4 trillion

current budget - structural budget = cyclical

3  - (-1) = 3 + 1 = 4

8 0
3 years ago
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