Which of the Following Is a Correct Statement About the Federal

question 116

Multiple Choice

Which of the following is a correct statement about the federal government's budget?

• A)It has been in a deficit continuously since the 1960s.
• B)It has been in a surplus continuously since the 1960s.
• C)It has been in a deficit in the last few years after decades of surpluses.
• D)It has been in a surplus in the last few years after decades of deficits.

---

Definitions:

Net Fixed Assets

The value of a company's property, plant, and equipment minus depreciation, indicating the tangible assets used in operations.

Receivables Turnover

A ratio that measures a company's efficiency in collecting its sales on credit over a period of time.

Accounts Receivable

Funds owed to a company by customers for products or services that have been delivered or used but not yet paid for.

Equity Multiplier

This financial ratio measures a company’s total assets financed by stockholders, indicating the leverage level relative to equity.