Answer:
a. not change; improve
Explanation:
Balance of trade is the difference in value over a period of time between a country’s imports and exports of goods and services, usually expressed in the unit of currency of a particular country (e.g., dollars for the United States, yen for the Japan).
Balance of payments record the receipts and payments of the residents of the country in their transactions with residents of other countries.
A Japanese insurance company purchases U.S. government securities. From the perspective of the United States, the balance of trade with Japan will not change and the balance of payments with Japan will improve.
To make an income and earn
Answer:
c. $165,000.
Explanation:
Gross profit $1,350,000
Selling and administrative expenses $480,000
Income from continuing operations before income tax $705,000
Income from continuing operations 495,000
Total Expenses = Gross Profit - Income from continuing operations before income tax
Total Expenses = $1,350,000 - $705,000 = $645,000
Other Expenses = Total Expenses - Selling and administrative expenses
Other Expenses = $645,00 - $480,000 = $165,000
Answer:
$479,400
Explanation:
The preparation of the Cash Flows from Operating Activities - Indirect Method is presented below:
Cash flow from Operating activities - Indirect method
Net income $396,200
Adjustment made:
Add : Depreciation expense $61,250
Add: Loss on disposal of equipment $27,600
Less: Increase in accounts receivable -$9,000
Add: Increase in accounts payable $3,350
Total of Adjustments $83,200
Net Cash flow provide by Operating activities $479,400
