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KiRa [710]
2 years ago
12

Current account and ______ account are the two major components of a statement that summarizes all debit and credit transactions

of one country with the rest of the world.
Business
1 answer:
scoray [572]2 years ago
3 0

Current account and Capital account are the two major components of a statement that summarizes all debit and credit transactions of one country with the rest of the world.

<h3>What is Capital account?</h3>
  • The capital account is a tool used in macroeconomics and international finance to track the net flow of investment transactions into an economy.
  • It is one of the balance of payments' two main elements, together with the current account. The capital account reflects the net change in ownership of national assets, whereas the current account reflects a country's net revenue.
  • A positive balance on the capital account indicates that money is entering the nation, but unlike a positive balance on the current account, the inflows actually represent borrowings or asset sales rather than payments for labor.
  • A deficit in the capital account indicates that money is leaving the country and that the country is acquiring more foreign assets.

To know more about Capital account with the given link

brainly.com/question/13275642

#SPJ4

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Consider a hypothetical economy in which onlycomputers and shoes are produced and in whichcomputer production is capital intensi
Natasha2012 [34]

Answer:

The correct answer is (D)

Explanation:

In a hypothetical economy, the increase in immigration, in the long run, will increase the number of workers in the shoe industry. The shoe industry is less capital intensive compared to the computer industry, which is why immigration will increase the number of workers in the shoe industry because it is more labour incentive. The other reason is the demand for labour in the computer industry is less because it is capital intensive industry.

3 0
3 years ago
We argued that when the economic growth in the US is greater than the (economic) growth rates of our trading partners, the trade
ankoles [38]

Answer:

The correct answer is the option B: False.

Explanation:

To begin with, given the fact that the economic growth of the United States is greater than the economic growth rates of its trading partners then the trade deficit in the US should get smaller, all else constant due to the fact that the economy is growing at a level that is higher than does of the partners and therefore that when that happens the country will be in a better position and the production of it will increase as expected and that will impact positively in the deficit by reducing it to small amounts.

7 0
3 years ago
Suppose you are shipping 1,000 pounds of product to a customer location that is 500 miles away from you. The customer calls you
DIA [1.3K]
It’s c both of these are likely to occur
6 0
3 years ago
1. Why do companies frequently expand their business operations into other countries?
fgiga [73]

International business laws make it profitable for big businesses to operate in multiple countries.

Explanation:

1. Companies expand their operations to other countries when either <u>the production cost, labor cost or tax rates are lower in the other county </u>and makes overall business more profit.

2.<u> Other countries often provide tax exemptions to investors </u>to set up in their countries which is very profitable. It also opens new avenues and markets worldwide, attracting more clients and costumers.

3. <u>International business makes products from different parts of the world into the regular life of people in open market countries.</u>

5 0
3 years ago
A company paid $150,000, plus a 6% commission and $4,000 in closing costs for a property. The property included land appraised a
Oxana [17]

Answer:

Land $81,500; Land Improvements $32,600; Building $48,900

Explanation:

Calculation for What should be the allocation of this property's costs in the company's accounting records

First step is to calculate the total value

Total value= $87,500 + $35,000 + $52,500

Total value= $175,000

Second step

Land appraised = $87,500 ÷ $175,000

Land appraised= 0.50

Land improvement = $35,000 ÷ $175,000

Land improvement = 0.20

Building appraised = $52,500 ÷ $175,000

Building appraised = 0.30

Third step is to calculate the Total Amount

Total Amount= $150,000 + $150,000 × 0.06 + $4,000

Total Amount= $150,000 + $9,000 + $4,000

Total Amount= $163,000

Last step is to calculate the allocation of this property's costs in the company's accounting records

Land appraised = $163,000 × 50%

Land appraised = = $81,500

Land improvement = $163,000 × 20%

Land improvement= $32,600

Building appraised = $163,000 × 30%

Building appraised = $48,900

Therefore What should be the allocation of this property's costs in the company's accounting records is :

Land $81,500; Land Improvements $32,600; Building $48,900

4 0
3 years ago
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