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2 years ago

Which section of the balance-of-payments statement summarizes u.s. trade in currently produced goods and services?

1 answer:

8 0

US commerce in goods and services that are now being produced is outlined in the balance of payments statement's current account section.

<h3>What does a favorable or unfavorable trade balance mean?</h3>

A surplus in trade is shown by a positive trade balance, while a deficit in trade is indicated by a negative trade balance. The BOT is crucial in figuring out a nation's current account. The following equation can be used to determine the trade balance: The value of goods and services sold to customers in other nations is known as the value of exports.

<h3>The balance of payments categorizes transactions into which accounts?</h3>

Transactions are split between the current account and the capital account in the balance of payments. When a distinct, typically very modest capital account is reported separately, the capital account is occasionally referred to as the financial account. Transactions in commodities and services are included in the current account.

<h3>What is the current trade balance?</h3>

For a country, the trade balance includes both exports and imports. This element makes up the majority of the current account, which is also the balance of payments' biggest component. Trade deficits are beneficial for emerging countries even if the majority of countries want to avoid them.

Learn more about balance of trade:

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A Japanese worker can produce 6 units of steel or 3 televisions per hour. A Korean worker can produce 8 units of steel or 2 tele

kifflom [539]

Answer:

2 and 4

Explanation:

Japanese worker can produce 6 units of steel or 3 televisions per hour.

Korean worker can produce 8 units of steel or 2 televisions per hour.

Opportunity cost is the cost of the lost alternative. So when the country decides to produce only televisions it has to give up on steel production. Thus, the units of steel forgone for each unit of television gained is an opportunity cost of a television.

$Opportunity cost = \frac{Units of Steel lost}{Units of Television gained}$

Thus,

Opportunity cost of television for Japan = $\frac{6}{3} = 2$

Opportunity cost of television for Korea = $\frac{8}{2} = 4$

7 0

3 years ago

ndicate whether each of the following costs should be classified as a product cost or as an SG&A cost in accordance with GAA

Leokris [45]

Answer:

Explanation:

The product cost is a combination of direct material cost, direct labor cost, and the manufacturing overhead cost. The manufacturing overhead cost is an indirect cost which is related to the factory expenses.

And, the SG&A cost is a sales, general ,and admin costs incurred to advertise the company's products so that it can accomplish its sales targets which can build a good reputation in the market.

So, the categorization is shown below:

Direct materials used in a manufacturing company. = Product cost

Indirect materials used in a manufacturing company. = Product cost

Salaries of employees working in the accounting department. = sales, general ,and admin costs

Commissions paid to sales staff. = sales, general ,and admin costs

Interest on the mortgage for the company’s corporate headquarters. = sales, general ,and admin costs

Indirect labor used to manufacture inventory. = Product cost

Attorney’s fees paid to protect the company from frivolous law suits. = sales, general ,and admin costs

Research and development costs incurred to create new drugs for a pharmaceutical company. = sales, general ,and admin costs

The cost of secretarial supplies used in a doctor’s office. = sales, general ,and admin costs

Depreciation on the office furniture of the company president. = sales, general ,and admin costs

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3 years ago

Suppose two factors are identified for the U.S. economy: the growth rate of industrial production, IP, and the inflation rate, I

lawyer [7]

Answer:

The new rate of return is 15.4%

Explanation:

The revised estimate on the rate of return on

the stock would be:

• Before

• 14% = α +[4%*1] + [6%*.4]

α = 7.6%

• With the changes:

• 7.6% + [5%*1] + [7%*.4]

The new rate of return is 15.4%

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3 years ago

If you put $2,620 in a savings account and make no further deposits, what type of calculation would provide you with the value o

riadik2000 [5.3K]

Answer:

future value of a lump sum:

$Nominal(1+r)^n = FV\\2,620(1+r)^{28} = FV$

Explanation:

when there is only a single deposits the formula will be the compounding interest future value of a lump sum

The deposits will generate incoem at a given rate r which, will make it increase their value over the course of time.

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3 years ago

Maria graduates from college and her income increases by $35,000 a year. Nothing else changes. Maria decreases the quantity of

tia_tia [17]

Answer:

B. ketchup and chocolate chip cookies are inferior goods

Explanation:

The options and the question seems not to match. The correct question can be found here: https://www.chegg.com/homework-help/questions-and-answers/maria-graduates-college-income-increases-35-000-year-nothing-else-changes-maria-decreases--q30165223

A normal good is a good whose demand increases when income increases. In this question, winter vacations is a normal good.

An inferior good is a good whose demand increases when income falls and whose demand falls when income rises. In this question, ketchup and chocolate chip cookies are inferior goods.

I hope my answer helps you

6 0

3 years ago