The following table lists federal outlays, revenues, and GDP for the US economy in several years.All numbers are in billions of dollarsYear Revenues Outlays GDP1948 41.629.8 269.21956 74.670.6437.51964 112.6118.5663.61972 107.3230.71.238.31980 517.1590.92.789.51) In which years was the government's budget in deficit?a) 1956.b) 1972.c) 1964.d) 1980.2) In 1964, did the national debt increase or decrease? By.how.much?a) 145 billion.b) 5.9 billion.c) 231 billion.In what ways do future generations benefit from this generation's deficit spending? Cite threeexamples.

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If the inflation rate was 3.00% and the nominal interest rate was 4.60% over the last year, what was the real rate of interest over the last year? Disregard cross-product terms; that is, if averaging is required, use the arithmetic average. Round intermediate calculations to four decimal places. 1.84% 1.36% 2.00% 1.60%
The percentage y of U.S. households owning Individual Retirement Accounts (IRAS) in year xis approximated by the equation 0.076(x-2000) = 15y- 5.16. Assuming this equation remains valid, use a calculator to determine in which year 40% of households will own an IRA. (Data from: ProQuest Statistical Abstract of the United States: 2013.)
How much is the VAT Payable in May? Given the following data during the 2nd quarter of 2022 Output Tax 12,000.00 Month Input Tax April May June 7,000.00 18,000.00 15,000.00 24,000.00 10,000.00 In the books, there was a debit balance of input tax amounting to 6,000 from preceding quarter. 3,000 2,000 1,000
The following graph shows the population of San Diego County from 1950 to 2000.+ Population (1000) 3000, 2500 2000 1500 1000 500 500 0 1940 1950 1960 1970 1980 1990 2000 2010 Need Help? 1000 Read It 1300 1800 At what annual (simple interest) rater did the population of San Diego County increase from 1960 to 2000? (Round your answer to one decimal place.) % 2500 Watch It 2800
Calculate the following from the information given Fego Ltd:1. Payback Period (expressed in years, months and days).2. Accounting Rate of Return on initial investment (expressed to two decimal places).3. Internal Rate of Return (expressed to two decimal places) if the net cash inflows are R400 000 per year for five years. Your answer must include two net present value calculations (using consecutive rates/percentages) and interpolation.
Calculate the Payback Period using the following Information All figures are in OMR Initial Investment = 25000 Cash Flow after Tax(CFAT) are as follows : Year 1 : 5000 Year 2 : 5000 Year 3 : 5000 Year 4 : 4000 Year 5 : 6000 4 Years and 6 months 5 Years 5 Years 2 Years
17- Assume that a country estimates its M1 money supply at $20 million. A broader measure of the money supply, M2, is $50 million. The country's gross domestic product is $100 million. Production or real output for the country is 500,000 units or products. a. Determine the velocity of money based on the M1 money supply. b. Determine the velocity of money based on the M2 money supply. c. Determine the average price for the real output.
How much is the VAT Payable in April? Given the following data during the 2nd quarter of 2022 Month Output Tax Input Tax April May 12,000.00 18,000.00 24,000.00 7,000.00 15,000.00 June 10,000.00 In the books, there was a debit balance of input tax amounting to 6,000 from preceding quarter. 1,000 5,000
Use the cash flows and competitive spreads shown in the table below. ($ millions) Year 0 Year 1 Year 2 Years 3–10 Investment 190 Production (millions of pounds per year) 0 0 49 89 Spread ($ per pound) 1.04 1.04 1.04 1.04 Net revenues 0 0 50.96 92.56 Production costs 0 0 39.00 39.00 Transport 0 0 0 0 Other costs 0 29 29 29 Cash flow –190 −29 –17.04 24.56 NPV (at r = 6%) = 0 Assume the dividend payout ratio each year is 100%.a. Calculate the year−by−year book and economic profitability for investment in polyzone production. Assume straight−line depreciation over 10 years and a cost of capital of 6%. (Negative answers should be indicated by a minus sign. Leave no cells blank − be certain to enter "0" wherever required. Do not round intermediate calculations. Enter your income answers in millions rounded to 2 decimal places and enter the rate of return as a percent rounded to 2 decimal places.)…
A commercial real estate investment fund must report its quarterly investment performance to investors. A summary of its (1) beginning and end-of-quarter assets and equity and (2) cash inflows and outflows during the quarter are as follows: Beginning of Quarter During Quarter $69 million Cash $10 million NOI from operations $519 million Market value of props $2 million Paid management fees $39 million Other Investments $25 million Distributions to investors $338 million Fund debt $219 million Investor contributions $194 million Property acquisitions $44 Property dispositions Other investments will earn 4% interest (1% per quarter) and property debt will be at a 6% rate (1.5% per quarter). The properties were appraised at the end of the quarter for $674 million. Assume any interest on short-term investments is offset by interest paid on short-term debt. Required: a. What would be the beginning equity value? b. What would be the ending equity value (MVEE)?…
In 2007 and 1880 silver dollar sold for $14,007 what was the rate of return on investment? Answer as a decimal fraction to four decimal places.
Consider the following table for a seven-year period: Year 1 2 3 4 5 6 7 U.S. Treasury Bills 3.45% 3.30 4.20 4.62 2.42 1.30 1.03 Returns Average real return Inflation -1.15% -2.29 -1.19 0.61 -6.43 -9.35 -1.30 What was the average real return for Treasury bills for this time period? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. %

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