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gladu [14]
3 years ago
11

Suppose the country of Lilliput exported 263 billion dollars worth of goods while they imported 477 billion dollars worth of goo

ds in the last calendar year.
1) Calculate Lilliput\'s balance of trade:_____ billions of dollars.
2) Lilliput is running:_________.

a) a trade deficit
b) a trade surplus
c) neither a trade deficit nor a trade surplus
Business
1 answer:
Usimov [2.4K]3 years ago
8 0

Answer:

1. -$214 billion

2. a trade deficit

Explanation:

1. The balance of trade denotes the difference between the exports and imports.

In mathematically,

Balance of trade = Exports - imports

So,

Balance of trade = $263 billion - $477 billion

                            = -$214 billion

2. As the balance of trade comes in a negative amount which represents that imports value is more than the exports value so it would be a trade deficit

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Name one form of collusion
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price fixing

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Answer:

Accounts Receivable $8,820

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The journal entry to record the sales revenue is shown below:

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For recording this we debited the account receivable as it increased the assets and credited the sales revenue as it also increased the revenue

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This is the answer but the same is not provided in the given options

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Answer:

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Explanation:

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A company's organizational structure can be defined as the organization of the company's activities so that it operates more efficiently and effectively and achieves its objectives and goals.

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