Answer:
A budget deficit
Explanation:
A budget deficit arises when the governments spend more than it has collected. The government 's main source of revenue is taxes and levies it imposes on businesses and individuals. Its expenses include salaries for public employees, social welfare, and expenditures on public goods and infrastructure development projects.
A budget deficit contrasts a budget surplus, which occurs when a government intends to spend less than it has collected. Budget deficits result in government borrowing from either the domestic or foreign markets. A balanced budget is when the collected revenues match the planned expenditures.
Answer:
The correct answer here is Cash basis.
Explanation:
One of the methods of recording accounting transactions for income and expenses is cash basis accounting , where the transactions are only recorded when income is received in cash or expenses are paid in cash. This accounting method is not accepted by GAAP (Generally accepted accounting principle ) and IFRS ( International financial reporting standards ) because this method violates the income ( revenue ) and expense recognition principle.
Answer: Valuation
Explanation:
The assertion that assertion relates to the statement that Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts is the valuation assertion.
According to the assertion of accuracy and valuation, it simply means that all the figures that are presented in a financial statement are known to be accurate and are based on proper valuation of the assets, the liabilities and the equity balances
Answer:
The answer is C.
Explanation:
Current ratio shows the liquidity of of a company. This ratio tells us how a company or business is able to meet its short obligation.
This ration is very important to lenders because they use it to know of you will be able to meet the interest payment and principal
The formula for current ratio is:
Current assets/current liabilities
Total current assets is $493,000, Total current liabilities is $357,000
= $493,000/$357,000
=1.38
Answer:
c. The real interest rate is 1 percent and the expected inflation rate is minus 2 percent
Explanation:
Nominal interest rate = real interest rate + expected inflation rate.
For the third option, the nominal interest rate: 1% + (-2%) = -1%
For the first option, the nominal interest rate: 2% + 1% = 3%
For the second option, the nominal interest rate: 0 + 2% = 2%
For the fourth option, the nominal interest rate: -2% + 3% = 1%
I hope my answer helps you
