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Ne4ueva [31]
3 years ago
6

If the United States exports $150 billion of goods and services and imports $100 billion of goods and services and there is no o

ther factor income or transfers, the balance on the current account is: $250 billion. –$250 billion. $50 billion. –$50 billion. zero.
Business
1 answer:
natta225 [31]3 years ago
3 0

Answer:

$50 billion.

Explanation:

Current Account represents the balance of Trade (Imports & Exports) plus net income and direct payments. Countries strive to maintain their current account surplus which is an indicator that the country is producing and exporting more than its consumption and imports. In this case, it is clearly stated that there are no other factors like income or transfers, so we just have to compare exports and imports. The formula for Current Account in this case is:

                                                Exports - Imports

⇒ 150 - 100 = $50 billion.

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based on this information, the amount of overhead allocated to a job that used 300 direct labor hours is $
Amiraneli [1.4K]

The amount of overhead allocated to a job that used 300 direct labor hours is $900.

<h3>Overhead allocated:</h3>

First step is to calculate the predetermined overhead rate per direct labor hour

Using this formula

Predetermined overhead rate=Estimated manufacturing overhead/Estimated direct labor hours

Predetermined overhead rate=$450,000/150,000

Second step is to calculate the overhead allocated

Overhead allocated=Predetermined overhead rate × Direct labor hours

Overhead allocated=$3×300

Overhead allocated=$900

Inconclusion the amount of overhead allocated to a job that used 300 direct labor hours is $900.

Learn more about overhead allocated here:brainly.com/question/15739613

3 0
2 years ago
Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year: Work in Proces
ValentinkaMS [17]

Answer:

$48,100

Explanation:

Computation of total manufacturing cost incurred during the year is seen below;

Direct materials used

$13,700

Direct labor used

$27,700

Total factory overhead

$6,700

Total manufacturing cost incurred

$48,100

Therefore, the total manufacturing cost incurred during the year is $48,100

6 0
3 years ago
Finch Company began its operations on March 31 of the current year. Finch Co. has the following projected costs: April May June
sergeinik [125]

Answer:

The cash payments for Finch Company in the month of June is $185,600.

Explanation:

Cash payment : Cash payment is that payment which is deals only in cash or the payment is only paid in cash.

So,

To compute the cash payment for June month, the following things is need to be considered.

1. Manufacturing cost of April and May

All other cost like - insurance cost, property tax is not need to be considered because it is not related to may month.

So,

= 3÷4 of May month + 1÷4 of April month

= 3÷4 × $195,200 + 1÷4 × $156,800

= $146,400 + $39,200

= $185,600

Hence,  The cash payments for Finch Company in the month of June is $185,600.

3 0
3 years ago
Explain how firms that compete in the four different market structures determine profitability.
Ira Lisetskai [31]

Price is determined by the forces of market demand and market supply. A firm sells its output at the given price. Therefore, a firm under perfect competition is a price taker, not a price maker.

Perfect competition is a form of market where there is a large number of buyers and sellers of a commodity. A homogeneous product is sold and its price is determined by the forces of supply and demand.

The elasticity of demand for the firm's demand =  Infinite Because of free entry and exit, firms, in the long run, earn only normal profits (TR = TC or AR = AC). In the extra normal profits earned, new firms will join the industry. Market supply will increase. The market price will fall. Extra normal profits will be wiped out. In case of extra normal losses, some of the existing firms will leave the industry. Market supply will decrease. The market price will increase. Extra normal losses will be wiped out.

(A). Normal profits (TR = TC or AR = AC)

(B). Extra normal profits ( TR>TC or AR>AC)

(C).  Extra normal losses (TR<TC or AR <AC)

In economics, a market is a system, institution, process, social relationship, or infrastructure configuration in which parties exchange ideas. Although parties can exchange goods and services through barter, most markets rely on sellers offering goods and services (including labor) to buyers in exchange for money.

A market can be described as the process by which prices for goods and services are determined. Markets facilitate trade and enable the distribution and allocation of resources in society. Marketplaces allow the valuation and pricing of any tradeable item. Markets can arise more or less spontaneously or be consciously constructed by people

Learn more about the market here

brainly.com/question/25309906

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7 0
1 year ago
Unemployment would cause an economy to Group of answer choices produce outside its production possibilities frontier. produce in
bagirrra123 [75]

Answer:

The correct answer is: produce inside its production possibilities frontier.

Explanation:

The production possibility frontier shows the maximum possible combination of two goods that an economy can produce using all the available resources and state of technology.

Unemployment in an economy means that all the available resources are not being completely used. So, the economy will operate at a point inside the production possibility curve.

Production at this point will be feasible but allocatively inefficient.

3 0
3 years ago
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