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2 years ago

The record of all economic transactions between the residents of a country and the rest of the world is called ________.

1 answer:

3 0

The answer is "B.O.P. or BoP", balance of payments.

Balance of payments of a nation or country refers to the record of every single financial exchange between the residents of the nation and whatever remains of the world in a specific period (over a fourth of a year or all the more normally finished a year). These exchanges are made by people, firms and government bodies. Accordingly the balance of payments incorporates all outside unmistakable and non-obvious exchanges of a nation. It is a critical issue to be contemplated, particularly in worldwide money related administration field, for a couple of reasons.

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The policy at Sunland Company is to expense all office supplies at the time of purchase. On the last day of the accounting perio

Step2247 [10]

Answer:

debit Supplies and credit Supplies Expense for $1,060

Explanation:

Based on the information provided within the question it can be said that the best option in this scenario would be to debit Supplies and credit Supplies Expense for $1,060. Since the policy states that they need to expense all office supplies then they must do that, but since they still have $1060 which they do not have then they will need to credit that supply expense and pay it back later.

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2 years ago

What type of tax are sales tax and excise tax?

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Answer:

Indirect tax

Explanation:

Indirect tax are the types of tax that are collected by intermediaries or agents for the person that directly bears the burden on behalf of the government , and eventually remitted to the respective government account.

They are always charged and added to the price of a commodity under a relevant section on the invoice. In this category are sales tax excise tax, service tax and others

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3 years ago

31. The unpaid portion of a loan is called

muminat

Answer: unpaid principal balance.

Explanation: unpaid principal balance is that portion of a loan that has not yet been paid back to the lender by the borrower. The balance represents the remaining risk of nonpayment being incurred by the lender. Unpaid principal balance is the portion of a loan at a certain point in time that has not yet been remitted to the lender. The original unpaid principal balance is the amount borrowed, and therefore, the amount the borrower owes the lender on the origination date of the loan.

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3 years ago

Colina Production Company uses a standard costing system. The following information pertains to the current year. Direct labor h

mash [69]

Answer:

variable overhead efficiency variance= $562.5 unfavorable

Explanation:

Giving the following information:

The actual production of 5,500 units

Actual direct labor hours= 11,250

Standard direct labor for 5,500 units:

Standard hours allowed 11,000 hours

First, we need to determine the variable overhead rate:

Variable overhead rate= 22,500/10,000= $2.25 per direct labor hour

Now, using the following formula we can determine the variable overhead efficiency variance:

variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

variable overhead efficiency variance= (11,000 - 11,250)*2.25

variable overhead efficiency variance= $562.5 unfavorable

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2 years ago

Between _________, it is estimated that Spanish America produced 150,000 tons of silver (including gold converted into silver we

liq [111]

Answer:

1550 - 1750

Explanation:

The primary mining centers in colonial Spanish America were Potosi in southern Bolivia, and Zacatecas and Guanajuato in northern Mexico. Measured in current dollars, silver worth tens billions of dollars was extracted and shipped to Europe during colonial times, but currently those places are extremely poor.

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3 years ago

The record of all economic transactions between the residents of a country and the rest of the world is called​ ________.

The record of all economic transactions between the residents of a country and the rest of the world is called ________.