* State of Connecticut * CAFR – Budget Analysis * Nondiscretionary Fiscal Policy Nondiscretionary fiscal policy is characterized by government policy that is enacted with the intension of either stimulating or stifling the economy to meet the economy’s needs. Present day fiscal policies are often a result of nondiscretionary fiscal policy enacted years ago and serve a present-day purpose of stabilizing the economy. For this reason‚ actions of nondiscretionary fiscal policy are often
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As we discussed and read about this week in our class‚ the topic of the US Budget and how‚ why and what should we do about it has become a topic with many views and opinions. The United States of America currently holds over 16 Trillion dollars in debt based on our governments spending practices for the last ten years. Two wars‚ numerous fiscal collapses and cliffs‚ a bubble popped housing market‚ looming medical care costs from a socialized healthcare law and a recession have caused the government
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Legal Defenses JB August 19‚ 2013 CJS/220 ESTANISLAO ROSAS In the readings that I have done I have found that there are three different types of legal defenses‚ they are: self-defense‚ insanity‚ and provocation. In a case where a person is charged with first degree premeditated murder‚ if they were to use one of the three defenses the punishment would not be the maximum that is normally imposed depending on the crime and type of defense that is used. If reasonable force
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Budgets serve five main purposes; planning‚ facilitating communication and coordination‚ allocating resources‚ controlling profits and operations and evaluating performance and providing incentives. The budgeting process requires both technical and interpersonal leadership skills to achieve each of these purposes effectively. The director’s memo demonstrates several short comings in the budgeting process. The director instituted the “responsibility accounting system” as a means of evaluating performance
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Definition Scavenger Hunt HSM/260 1. GAAP: Generally Accepted Accounting Principles. A collection of rules and procedures and conventions that are put together and defined as accepted accounting practice. This all includes the broad guidelines and the detailed procedures. http://wordnetweb.princeton.edu/perl/webwn?s=gaap 2. Basic Accounting Formula: Assets= Liabilities + Shareholders’ Equity. Assets: tangible and intangible assets of a business (cash‚ accounts receivable‚ inventory‚ fixed
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High Costs for Cutting Education: Opposing the CSU Budget Cuts I. Introduction It is no secret that California’s state university system is facing cuts across the board as a result of tough economic times. Those who approve of these cuts have valid arguments but fail to look at the negative results from lowering funds for higher education. There will be an increase in people within the lower income earners as a result of these cuts. High school graduates with the potential to attend a university
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At first glance‚ the budget hotel sector1 looks promising over the long term. It offers a reliable value proposition: a clean‚ dependable‚ inexpensive place to stay for business people and tourists. These hotels offer better facilities than most one to two star hotels or guesthouses in many cities and districts where previously the economy hotel experience could best be described as uncomfortable –all at a similar price level. There is also the potential
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* Jonda Brantley * 11/09/2012 * ACC 220 Wk 2 Financial Statement * * A balance sheet is summary of a company’s financial condition at a specific point in time‚ including assets‚ liabilities and net worth. It allows the company to know what they have been paying for or what they owe out to people. An income statement is a report that tracks a company’s revenues‚ gross profits‚ operating income‚ and net worth. All businesses need to have revenue in order to establish a good foundation
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The Importance of Having a Budget Having a budget is not a choice but a necessity. It is important for everyone to have a budget in order to balance the amount of income with expenditure. Having a budget can help us plan our finances. With a financial plan‚ we will know where the money we have goes to. It is essential for us to be able to take control over our money and not have our money control us. Therefore‚ we must be able to decide how we should spend and save our money no matter how much
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Self-Evaluation English-220 is an advance composition class which deals with the preparation in the techniques of exposition for operational writing. We are now at the middle of the semester‚ which has flown by pretty quickly; the purpose of the class is to improve our writing skills which we have acquired throughout our years of education. After entering this course I didn’t really comprehend the need of knowing the purpose of writing‚ effectively using the primary and secondary sources of information
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