Please help with the attatched question showing how the answer was configured. than you in advance The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all ofthe spending grants to other levels of government were spent in Canada on goods and services.Federal Government's Budget Plan for Fiscal Year ($billion)OUTLAYSREVENUESPersonal income taxes$120Transfers to personsSpending grants to other levels of governmentPublic debt chargesDirect program spendingTotal OutlaysProjected Budget Plan Surplus$38Corporate income taxesOther income taxes2844226GST and excise taxes4880EI premiums18188Other revenues2149Total Revenues237a. The projected NTR in this budget plan is $|billion.b. The value of NTR less government spending on goods and services (G) is $billion.Round your answers to 1 decimal place.c. The percentage of total revenue made up by personal income taxes is%.d. The percentage of total revenue made up by corporate income taxes is%.e. The percentage of total outlays made up by transfer payments to persons is%.f. The percentage of total outlays made up by public debt charges is%.

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Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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A National Government Agency has an approved appropriation for 2022 of P100,000,000. 25% of the amount was appropriation reserve and the balance was released per General Allotment Release Order (GARO) No. 2022-1. Notice of Cash Allocation of P30,000,000 was received by the agency. How much is the Subsidy from National Government to be recorded by the agency?
Vouchers payable denote: a. A future liability estimated when order is made b. Amount due to government from user charges c. A liability incurred when goods/services are received d. Amount payable by government on long term debts Question 2 Question text Which of the following is not an example of the function of an Agency Fund? a. Collection of property tax by one government unit for the other b. All the options listed c. Payment of interest and principle on long-term debt d. Collection of local government sales taxes by the state government
Explain in long detail of components national revenue and expenditure on the malaysian budget.. explaination with examples
In 2018, the country X received: collected taxes in the amount of 35 million, customs fees amounted to 12 million, non-tax revenues to the budget amounted to 20 million. In the same year, the State purchased the public goods and services in the amount of 38.4 million, public transfers was 14.7 million, the interest on the national debt was payed in quantity of 17.6 million. Determine the state of the budget (in deficit, in balance, in surplus).
When preparing government-wide financial statements, the modified accrual based governments funds are adjusted. Please show the adjustments (in journal entry form with debits and credits) that would be made for the following General Fund transactions when converting to the government-wide statements: 3. $10,000 in interest was due and paid on that revenue bond during the fiscal year ($5,000 due every six months).
Which of the following fact regarding federal budget balance in Canada is TRUE? Multiple Choice the largest budget deficits happened in 1992. there was budget surplus between 1985 to 1995 there was budget surplus between 1975 to 1985 the largest budget deficits happened in 1985. the largest budget surplus happened in 2019.
Where is the Fed Funds rate as of today? Are there any other steps that can be taken by the government in terms of fiscal policies? Please elaborate.
The general fund pays rent for two months. Which of the following is not correct? Choose the correct.a. Rent expense should be reported in the government-wide financial statements.b. Rent expense should be reported in the general fund.c. An expenditure should be reported in the fund financial statements.d. If one month of rent is in the first year with the other month in the next year, either the purchases method or the consumption method can be used in fund statements.
The General Fund has a Due from Capital Projects Fund of S48,000 and a Due from Water Enterprise Fund of S120,000. The Capital Projects Fund has a Due to General Fund of S48,000, and the Water Enterprise Fund has a Due to General Fund of $120,000. What will be the amount of internal balances reported in the government-wide statement of net position? O Internal balances of $48,000 O No internal balances are reported. O Internal balances of $148,000 O Internal balances of $120,000
The following information relates to transactions of the Consolidated Fund for the year ended 31st December, 2019. GHc’000 Tax revenues 200,000 Non tax revenues 98,500 Grants 67,000 Purchase of goods 41,000 Purchase of Furniture and Fittings 34,000 Construction of Roads 85,000 Domestic borrowing 40,000 External bilateral borrowing 70,000 Eurobonds issued 92,000 Repayment of domestic borrowing 22,000 Purchase of motor vehicle 21,000 Repayment of Eurobond 33,400 Interest paid 25,000 Sale proceeds from disposal of Equity Investment 43,500 Consultancy services paid 15,500 Consumption of fixed capital 50,000 Bank and cash balance ( 1/1/19) (80,000) Bank balance and cash (31/12/19) 254,100 Required: Prepare Cash Flow Statement for the Consolidated Fund for the year ended 31st December 2019 in accordance with the IPSAS 2: Cash Flow Statement.
The GASB identifies one of the broadest objectives of government financial reporting as: A. assisting users in assessing profitability of the government B. assisting users in making economic, social, and political decisions. C. fairly presenting government financial condition and operating results D. providing information about the inflows and outflows of cash 2. The 60-day limit on the period after the end of the fiscal year that is used for governmental fund revenue recognition cutoff purposes: A. is optional for property taxes, but required for most other governmental fund revenues B. must be applied to all revenue sources except charges for licenses and permits C. must be applied to property taxes, but cannot be applied to other governmental fund revenue sources D. must be applied to property taxes, but may also be applied to other revenue sources
What would be the appropriate account title for funds collected by a sales tax custodial fund? A. Sales tax revenue B. Other financing sources C. Additions-tax collections for other governments D. Sales taxes receivable

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