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Lisa [10]
1 year ago
15

A country with a trade surplus generally has a favorable balance of payments, which means?

Business
1 answer:
Anna [14]1 year ago
4 0

Trade with foreign nations brings in more money for the nation than it expends.

Why is there a trade surplus?

A trade surplus is an economic indicator indicating a favorable trade balance where a nation's exports are more than its imports.

Total Value of Exports minus Total Value of Imports is the trade balance.

When the outcome of the computation above is positive, there is a trade surplus.. It takes place when the outcome of the aforementioned computation is negative and is the opposite of a trade surplus, which denotes a net inflow. The Bureau of Economic Analysis in the US publishes trade balances on a monthly basis.

to know more about trade surplus

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refers to the process of developing a working replica of the system or some aspect of the system. a. Use case modeling b. Protot
Bumek [7]

<u>b. Prototyping</u> refers to the process of developing a working replica of the system or some aspect of the system.

<u>Explanation</u>:

A prototype is a sample used by the system analysts or users to evaluate the new design or build to determine its precision. A prototype is a trial product or software that is widely used in software programming and electronics.

The accuracy of the newly developed product can be checked with the help of prototype. Prototype is the replica of the real product. It helps in correcting design error before its production. Consumer gets easily attracted by seeing the prototype before the release of the original product.

6 0
3 years ago
A balanced budget is present when a. the economy is at full employment. b. the actual level of aggregate spending equals the pla
photoshop1234 [79]

Answer:

d. government revenues equal government expenditures.

Explanation:

A balanced budget refers to a situation in which earnings are equal or greater than the expenses. Usually this term is used when talking about government budget and this is a budget that has no deficit and that it is possible than can have a surplus which helps to avoid leaving big debt for the future that can posses problems. According to this, a balanced budget is present when government revenues equal government expenditures.

4 0
3 years ago
Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data
ehidna [41]

Answer:

a.$7.43 per machine hour

Explanation:

The computation of the single plant wide rate is shown below:

Single plant wide rate = Total overhead cost ÷ Machine hours

where,

Total overhead cost = $84,000 + $72,000 = $156,000

And, the machine hours is

= 1,000 units × 5 + 2,000 units × 8

= 5,000 + 16,000

= 21,000 machine hours

So, the single plant wide rate is

= $156,000 ÷ 21,000 machine hours

= $7.43 per machine hour

4 0
3 years ago
In making an overall assessment of a company's competitive strength, the answer to which questions are of particular interest?
user100 [1]
<span>To find overall assessment of company's strength below steps are followed: 1. Evaluating how well the strategy is working 2. Scanning the environment to determine a company's best and most profitable customers 3. Assessing whether the company's costs and prices are competitive 3. Evaluating whether the company is competitively stronger or weaker than key rivals 5. Pinpointing what strategic issues and problems merit front-burner management attention</span>
7 0
3 years ago
SBD Phone Company sells its waterproof phone case for $90 per unit. Fixed costs total $162,000, and variable costs are $36 per u
tigry1 [53]

Answer:

6,704 units

Explanation:

The computation of the number of units sold is shown below:

= (Fixed expenses + target profit) ÷ (Contribution margin per unit)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit  

= $90 per unit - $36 per unit

= $54 per unit

So, the number of units sold is

= ($162,000 + $200,000) ÷ ($54 per unit)

= 6,704 units

4 0
3 years ago
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