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Ksenya-84 [330]
3 years ago
13

What is the first step of creating a federal budget A. Congress votes on requirements for a budget plan. B. Executive agencies s

ubmit budget requests. C. State governments submit their budget proposals. D. The president reviews the budget with the Supreme Court.
Business
1 answer:
Yakvenalex [24]3 years ago
7 0

Answer:

C. State governments submit their budget proposals.

Explanation:

The Federal budget is a budget for the entire country.  It is an estimate of the expected government revenue and expenditure for a fiscal year.

The first step in the federal budget preparation involves submitting proposals by the government department and agencies. These are the federal agencies such as security agencies. They submit their expenditure proposal to the Whitehouse. All agencies' proposals make up part of the president's budget request.

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Karen and Mike currently insure their cars with separate companies, paying $400 and $600 a year. If they insured both cars with
Papessa [141]

Answer:

$1,720

Explanation:

Total annual premium for both Karen and Mike = $400 + $600 = $1,000

If they insured both cars with the same company, they would save 15% on the annual premiums -> the annual saving = 15% * $1,000 = $150

We use formula FV to calculate the future value of annual payment:

= FV(rate, number of payment, - payment) = FV(3%,10,-150) = $1,720

4 0
3 years ago
Which of the following is an example of how high student loan debt can
irina [24]
A person may choose to rent instead of buying a property as they can't afford a down payment
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1 year ago
Use the following information to answer questions 4a.1-4a.5 Gerrell Corp. is comparing two different capital structures. Plan I
maxonik [38]

Answer:

Gerrel Corp.

EPS (Earnings per share) = Earnings after Tax/Number of outstanding shares

Plan I:

EBIT =                    $90,000

Interest =                 $4,750 ($95,000 x 5%)

Pre-Tax Income = $85,250

Income Tax Exp.      34,100 ($85,250 x 40%)

After Tax Income  $51,150

EPS = $51,150/18,000 = $2.84 per share

Plan II:

EBIT =                    $90,000

Interest =                 $9,500 ($190,000 x 5%)

Pre-Tax Income = $80,500

Income Tax Exp.     32,200 ($80,500 x 40%)

After Tax Income  $48,300

EPS = $48,300/14,000 = $3.45 per share

Plan III:

EBIT =                    $90,000

Pre-Tax Income = $90,000

Income Tax Exp.     36,000 ($90,000 x 40%)

After Tax Income $54,000

EPS = $54,000/22,000 = $2.45 per share

Explanation:

a) Data and Calculations:

Plan I = 18,000 shares + $95,000 debt

Plan II = 14,000 shares + $190,000 debt

Difference = 4,000 shares + $95,000 debt

Share price = $95,000/4,000 = $23.75

EBIT = $90,000

Interest Rate = 5%

Corporate Tax Rate = 40%

b) Capital Structure:

Plan I: (Equity and Debt)

Shares of 18,000 x $23.75 + $95,000 debt = $522,500 in total capital

Plan II: (Equity and Debt)

Shares of 14,000 x $23.75 + $190,000 debt = $522,500 in total capital

Plan III: (All-equity plan):

Shares of 22,000 x $23.75 = $522,500 in total capital

c) The Earnings per share is the measurement of the Net Income to stockholders divided by the number of outstanding shares.  It gives an idea about the profitability of the entity, especially with regard to the profit made for common stockholders.  The EPS is also one of the metrics used in the calculation of the P/E ratio to indicate whether a company's shares are undervalued or overvalued.

5 0
3 years ago
Banks helped international trade by allowing merchants access to money in different locations. please select the best answer fro
Bogdan [553]

The Given Statement is TRUE. Banks helped international trade by allowing merchants access to money in different locations.

<h3>What is International Trade?</h3>

International Trade is the exchange of goods and services across international borders. It usually comes with additional risks caused by changes in exchange rates, government policies, laws, judicial systems, and financial markets.

International trade drives a country’s growth. Import-export figures are one of the top contributors to a country’s gross domestic product. Thus, every country tries to strengthen its global trade relationships with world leaders.

<h3>What is the role of the banks in International Trade?</h3>

Banks facilitate international trade by providing financing and guarantees to importers and exporters. While access to external funds is important for domestic production, it is especially important for exporting firms.

<h3>What did a Merchant do?</h3>

Merchants were those who bought and sold goods, while landowners who sold their own produce were not classed as merchants.

Thus, we can conclude that the above statement is TRUE.

Learn more about International Trade on:

brainly.com/question/15115779

#SPJ4

4 0
2 years ago
Being financially responsible is no easy task for any age, but it is certainly the best choice for everyone to follow. One of th
tensa zangetsu [6.8K]

Answer:

Jesus christ

Explanation:

That was the longest prompt ive ever read

8 0
2 years ago
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