Suppose that an estimate of U.S. federal spending showed that 46% was for entitlements, 18% was for defense, 15% was for grants to states and localities, 14% was for interest on debt, 6% was for other federal operations, and 1% was for deposit insurance. Construct a pie chart to show this information.

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A: calculation  of allocation of optional development fund are as follows.

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Q: budget prepared

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A: International Federation of Accountants (IFAC): IFAC is the global organization for the accountancy…

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A: Monetary policy refers to the credit control measures adopted by the central bank of a country.

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A: calculation of above requirement are as follows

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A: In 2018, the country X received: collected taxes in the amount of 35 million, customs fees amounted…

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A: Answers have been given on the next sheet:

Q: What is the % of t

A: In this question, we have to answer according to the Philippine government data.

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A: Correct answer is P25,000,000

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A:

Q: Which of the following are issued by the United States Government to borrow money? OA. Treasury…

A: Financial Instruments are the instruments used to trade between two parties which carries monetary…

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A: Total govt collection = $ 70 billion Expenditure on justice = $ 15 billion Expenditure on healthcare…

Q: 1) Determine whether each of the following elements should be classified as taxes, licenses,…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Aggregate expenditure is the sum of   a. spending by households, firms, government, and foreigners…

A: Aggregate expenditures is defined as {\textstyle AE=C+I_{p}+G+N_{X}}: AE = C + Ip + G + Nx…

Budgeted Income Statement

Accounting is the process of recording business-related financial transactions. The process of accounting involves summarizing and analyzing the transactions. The financial statements which are prepared in accounting contain a summary of the various transactions that took place within a certain accounting period. Book-keeping or accounting is one of the most important activities of any business.