Which Is the Most Accurate Statement

question 123

Multiple Choice

Which is the most accurate statement?

• A)State and local government spending is almost half the level of federal spending.
• B)Defense spending is much higher today than it was in 1990.
• C)Most members of Congress have agreed to vote to cut Social Security benefits to bring down the federal budget deficit.
• D)Direct benefit payments to individuals now account for 25 percent of all federal government spending.

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Definitions:

Credit Sales

Sales made on credit, where the buyer is allowed to pay the seller at a later date, as opposed to immediate payment transactions.

Cash Inflow

The total amount of money being transferred into a business, typically measured over a certain period of time.

Budgeted Sales

The forecasted sales revenue a company expects to generate in a future period, based on market analysis, historical data, and sales targets.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period of time, helping an organization to manage its cash balance.