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9 months ago

when the u.s. gives foreign aid to developing nations in africa, which of the following balance of payments account is affected?

1 answer:

3 0

'When the U.S. gives foreign aid to developing nations in Africa, the balance of payments current account is affected .

In economics, a country's current account balance records the value of imports and exports of goods and services, and the international transfer of capital. It is one of the two components of the balance of payments, the other being the capital account.

Checking accounts are opened by business people who have many regular transactions with the bank. This includes deposits, withdrawals and counter transactions. Also known as an overnight savings account. A checking account can be opened at a cooperative bank or a commercial bank.

A checking account, also known as a financial account, is a type of savings account held by an individual who makes a significant number of transactions with the bank on a regular basis. This will be made by the bank at the request of the applicant and will be available for frequent or immediate access.

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A buyer took out a $6,000 loan for 10 years at 10.5% interest. The buyer made principal payments of $75 a month on the loan in a

larisa [96]

Answer:

$5,550

Explanation:

Given:

Principle amount of the loan = $6,000

Duration of the loan = 10 years

Rate of interest = 10.5%

Principle payment made each month = $75

Now,

The total principle amount paid in six months

= Principle payment made each month × 6 months

= $75 × 6

= $450

Now,

the principle amount payment is made on addition to the interest, therefore no interest will be due after 6 months

Hence,

the principle loan balance

= Principle loan amount initially - Total principle paid

= $6,000 - $450

= $5,550

3 0

3 years ago

For each of the scenarios below, determine whether the employer is likely to be discriminating against a person because of age:

barxatty [35]

Answer and Explanation:

In the U.S., the Equal Employment Opportunity Commission (EEOC) is the authority protecting individuals from discrimination at work in any kind because of race, gender, age, religion, ethnicity, nationality, language, sexual orientation, impairment differences or any other type of unfair treatment not related to work itself.

Age discrimination could take place when certain groups of individuals are valued more than others because of their youth or because their white hair represents experience. In any situation, unequal opportunities are given which must be sanctioned. Thus:

A) A young lawyer who just finished work on a multimillion-dollar development deal downtown is hired by an economic development firm in lieu of an older lawyer who works on litigation.

This example does not represent discrimination because the election is based on performance rather than age.

B) A large retail outlet hires a 30-year-old woman to greet customers instead of an 80-year-old woman who has been greeting customers in other stores for a decade.

This example reflects discrimination because a younger woman is hired mainly based on her age rather than her expertise.

C) The owner of a local, hip smoothie bar in a university town just fired a graduate student who had worked at the bar for three years and instead hired a college sophomore.

This example represents discrimination since a younger student is hired to replace another student who was in the last year of university.

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3 years ago

Solstice Company determines on October 1 that it cannot collect $60,000 of its accounts receivable from its customer, P. Moore.

djverab [1.8K]

Answer and Explanation:

The journal entry is shown below:

Bad debts expense Dr $60,000

To Accounts receivable $60,000

(Being the written off amount is recorded)

For recording this we debited the bad debt expense as it increased the expenses and credited the account receivable as it reduced the assets

So for correcting posting and recording we passed accurate entry

4 0

2 years ago

A proposed new project has projected sales of $175,000, costs of $93,000, and depreciation of $24,800. The tax rate is 23 percen

allochka39001 [22]

Answer and Explanation:

Sales = $175,000

Less: Cost = $93,000

Gross Profit = $82,000

Less: Depreciation = $24,800

EBT = $57,200

Less: Tax [email protected]% = $13,156

EAT = $44,044

a). OCF = EBIT + Depreciation - Taxes

= $57,200 + $24,800 - $13,156

= $68,844

b). OCF = [(sales - costs - Depreciation) * (1 - T)] + Depreciation

= [($175,000 - $93,000 - $24,800) * (1 - 0.23)] + $24,800

= $68,844

c). OCF = [(sales - costs) * (1 - T)] + [Depreciation * T]

= [($175,000 - $93,000) * (1 - 0.23)] + [$24,800 * 0.23]

= $68,844

d). OCF = Net income + depreciation

= $44,044 + $24,800

= $68,844

6 0

2 years ago

In organizational change, unfreezing can occur by:

vredina [299]

Answer: b. increasing the driving forces.

Explanation:

Driving forces analysis (DFA) this are ways used in understanding and accounting for changes in industrial level. The drivers used for this are clusters of trends which directly or collectively have influence on changes occurring in an industrial structure and a rival's competitive conduct. The word force used here is used to show that the said drivers can materially impact the firm's future.

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2 years ago