In 2012,the City of Miketown Collected $250,000 in Taxes and Spent

question 110

Multiple Choice

In 2012,the city of Miketown collected $250,000 in taxes and spent $350,000.In 2012,the city of Miketown had a

• A)budget surplus of $100,000.
• B)budget surplus of 57%.
• C)budget deficit of $100,000.
• D)budget deficit of $200,000.

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Definitions:

Outside Supplier

An external company or entity that provides goods or services to another company, typically part of the supply chain.

Financial Advantage

The benefit gained by using financial resources in a way that increases wealth or provides a better return on investment.

Special Order

An order for a product or service that is outside the company's normal production or service offerings, often requiring unique specifications.

Units

The basic measure of a product or commodity used in the manufacturing and inventory process.