Make one budgetary recommendation today

Assignment Help Financial Accounting

Reference no: EM131296111

For fiscal year 2017, a budget is expected to collect $3.64 trillion in revenues and spend $4.15 trillion in expenses, resulting in a deficit of $503 billion. In no more than one sentence, if you were to make one budgetary recommendation today, what would it be?

Reference no: EM131296111

Questions Cloud

Create the spreadsheet to hold five stocks : Prepare OWN SPREADSHEET for the Honda company Finance. Create the spreadsheet to hold five (5) stocks from the S&P 500, with calculations for different percentages.

How many units must the company produce : Greene Company has 2,900 units in beginning finished goods. If sales are expected to be 39,100 units for the year and Greene desires ending finished goods of 5,300 units, how many units must the company produce?

What amount of money must the company borrow : On January 1, Wilson Company has a beginning cash balance of $16,200. During the year, the company expects cash receipts of $35,000 and cash disbursements of $43,000. If Wilson requires an ending cash balance of $12,600, what amount of money must the..

The desired ending direct materials in pounds : If the required direct materials purchases are 21,200 pounds, the direct materials needed for production are 53,800, and the beginning direct materials are 66,400, what are the desired ending direct materials in pounds?

Make one budgetary recommendation today : For fiscal year 2017, a budget is expected to collect $3.64 trillion in revenues and spend $4.15 trillion in expenses, resulting in a deficit of $503 billion. In no more than one sentence, if you were to make one budgetary recommendation today, what ..

What is the target cost per unit : Williams Widget Company is contemplating the production and sale of a new widget. Projected sales are $56,000 (or 25,000 units) and desired profit is $7,000. What is the target cost per unit?

If the food division is currently operating at full capacity : Management of a local catering company would like the Food Division to transfer 10,000 containers of its final product to the Restaurant Division for $35. The Food Division sells the product to customers for $90 per unit. The Food Division's variable..

Prepare journal entries that would be recorded for purchase : Grouper Cosmetics Co. purchased machinery on December 31, 2016, paying $47,300 down and agreeing to pay the balance in four equal installments of $46,400 payable each December 31. An assumed interest of 8% is implicit in the purchase price. Prepare t..

Adjusting entries relative to depreciation and amortization : On December 31, 2017, Bonita Company acquired a computer from Plato Corporation by issuing a $650,000 zero-interest-bearing note, payable in full on December 31, 2021. Bonita Company’s credit rating permits it to borrow funds from its several lines o..

User Account

All Pages