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elixir [45]
3 years ago
7

A deficit on the current account Multiple Choice means that a nation is making international transfers. has no relationship to t

he capital and financial account. normally causes a deficit on the capital and financial account. normally causes a surplus on the capital and financial account.
Business
1 answer:
Sliva [168]3 years ago
4 0

Answer:

The correct option is C

Explanation:

The deficit or shortage on the current account of the country, is defined as the measurement or determination of the trade of the company where the goods and the service value, it imports exceeds or increase the value of the products it exports.

The current account of the country states the foreign transactions of the country within the time period.

So, when there is deficit or shortage on the current account, it means that usually, it will cause deficit in the finance as well as the capital account of the country.

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Assume Marigold Corp. deposits $90000 with First National Bank in an account earning interest at 4% per annum, compounded semi-a
erastova [34]

Answer:

a) $101354

Explanation:

To calculate the future balance of the interest-earning account use following formula

FV =  PV x ( 1 + r )^n

Where

FV = Future value = Balance of Interest-earning account after 3 years = ?

PV = present value = Amounr deposited in the account = $90,000

r = Periodic interest rate = 4% x 6/12 = 2%

n = Numbers of periods = Numbers of years x Compounding periods per year = 3 years  x 2 periods per year = 6 periods

Placing values in the formula

FV =  $90,000 x ( 1 + 2% )^6

FV = $101,354

8 0
3 years ago
John would like to move from the city into the suburbs and has been saving up a large down payment for a home. Which is the most
MrMuchimi
The most cost effective way for John to buy a house in the suburbs is:

a.Move to the suburbs and rent a house for one year before purchasing a home.

This is to test the waters. During this time, he has to acclimatize himself into living in a new environment. He has to discover the pros and cons of living in the suburbs compared to living in the city like travel time in going to work, etc.

If after a year, he finds its more beneficial to live in the suburbs, then he can buy a house there. On the other hand, if he finds it costly to live in the suburbs compared to living in the city, he simply has to pay the necessary rent and utility bills, pack up his bags, and go home.
6 0
3 years ago
Read 2 more answers
On January 1, a machine with a useful life of five years and a residual value of $5,000 was purchased for $25,000. What is the d
emmasim [6.3K]

Answer:

c. $4,000

Explanation:

The computation of the depreciation expense for year 2 under straight-line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($25,000 - $5,000) ÷ (5 years)

= ($20,000) ÷ (5 years)  

= $4,000

In this method, the depreciation is same for all the remaining useful life i.e $4,000 is charged for remaining three years

7 0
3 years ago
Cassandra is a 21-year-old who is still in college. She wants a credit card so she can order items online.
ycow [4]
The most logical answer to me would be A, however I recommend you don’t go with my answer JUST YET because this is an educational guess. Take time to think about my answer. Sorry if it’s wrong
4 0
3 years ago
XYZ Company plans to sell 11,000 units of its product in January and another 10,000 in February. The beginning balance of finish
Juli2301 [7.4K]

Answer:

10,900 units

Explanation:

The applicable formula is the formula for calculating the cost of goods sold, COGS.

COGS = The applicable formula is the formula for calculating the cost of goods sold, COGS.

COGS = Beginning inventory + purchases - closing inventory

In this case,  COGS will be 11,000 units:  Beginning balance 1100 and ending balance of 1000.

11,000 = 1100 + P -1000

11,000 = 1100-1000 +P

11,000 = 100 + P

P= 11,000 -100

P= 10,900

Productions should be 10,900

4 0
2 years ago
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