Answer: balance of trade surplus
Explanation:
Neomercantilism is a policy regime whereby export was encouraged while import was, discouraged. It also controls capital movement, and advocatee for currency decisions to be a government decision.
Neo-mercantilists equate political power with economic power and economic power with balance of trade surplus which is when the value of exports are more than that of imports.
Answer:
Explanation:
The ending retained earnings = beginning retained earnings + net income - Dividends Paid
Net income = ending retained earnings - beginning retained earnings + Dividends Paid
= $833,000 - $724,000 + $50,000
= $159000.
Therefore, the net income for the year is $159000.
Answer:
21,000 units
Explanation:
The computation of the number of units started during November in the department is shown below:-
Number of units started during November in the department = units completed and transferred out + units in the ending work in process inventory - units in the Beginning work in process inventory
= 22,000 + 4,000 - 5,000
= 21,000 units
Therefore we have applied the above formula.
Answer:
$106 million
Explanation:
allowance for doubtful accounts
debit credit
beg. balance 426
bad debt 85
ending balance <u>405 </u>
106
Since you need $106 million to balance the account, that should be the amount of bad debt written off during the current year. Allowance for doubtful accounts is a contra asset account, any debit balance increases accounts receivable while a credit balance decreases it.
