Requires wisconsin to have balanced budget

Assignment Help Financial Management

Reference no: EM131890838

On February 1, 2009, the Washington State Journal reported that the governor of Wisconsin claimed that he had a surplus for the year ending in June 2008 of $130.7 million. However, according to Wisconsin Taxpayers Alliance, Wisconsin had a deficit of $2.5 billion. Since the state constitution requires Wisconsin to have a balanced budget, the governor needed to be able to make that announcement. How, then, could the state run a deficit?

Reference no: EM131890838

Questions Cloud

Used as the initial cash flow for this building project : Uptown Furniture purchased a corner lot 5 years ago at a cost of $670,000. What amount should be used as the initial cash flow for this building project?

What was the annual increase in selling price : In January 2007, the average price of an asset was $27,958. 6 years earlier, the average price was $21,708. What was the annual increase in selling price?

Review the initial fundamentals of the business : Aims of this assignment: This assignment is designed to facilitate your learning of the key skills and knowledge needed when facing a financial report audit.

What is the annual interest payment : What is the annual interest payment? Round to two decimal places

Requires wisconsin to have balanced budget : Since the state constitution requires Wisconsin to have a balanced budget, the governor needed to be able to make that announcement.

Annual effective interest rate : Both annuities have the same present value. Find i, where i > 0. Give your answer as a percentage rounded to three decimal places

What is your rate of return over this three-year pariod : You buy a 12-year 10 percent annual coupon bond at par value, $1000. you sell the bond three years later for $1,100. What is your rate of return over this three

Changes in the variable cost per unit projection : In percentage terms, what is the sensitivity of OCF to changes in the variable cost per unit projection? (Round answer to 2 decimal places.

How should spring valley laboratories handle the situation : How should Spring Valley Laboratories handle the situation? Provide John with a detailed plan of how the situation should be handled.

User Account

All Pages