Answer:
Question 1:<u> Autarky</u> is a situation in which a country does not trade with other countries. The <u>terms of trade</u> is the ratio at which a country can trade its exports for imports from other countries.
Question 2: The correct options for question 2 is d. all of the above
Explanation Answer 1
Autakry is a theoretical economic condition in which a country is self-sufficient. In such a scenario, it won't require the need to trade with other countries. The terms of trade are a ratio which depicts the average trade made for a particular country i.e average for both the imports and exports.
Explanation Answer 2
In reality, countries have to trade. They might lack important resources, such as oil or even food. They might also need to trade raw materials that might be required for export products.
Sometimes, it might even better to move the production of a product, from one country to another, simply because it might be cheaper.
Hence, in question 2, all of the options are correct.
Explanation:
Answer:
The correct option is b. $3,918.
Explanation:
This can be calculated using the simple present value (PV) formula as follows:
PV = FV / (1 + r)^n ............................ (1)
Where;
PV = Present value of the amount = ?
FV = Future value of the amount = $5,000
r = Discount rate = 5%, or 0.05
n = number of years = 5
Substituting the values into equation (1), we have:
PV = $5,000 / (1 + 0.05)^5
PV = $5,000 / 1.05^5
PV = $5,000 / 1.2762815625
PV = 3,918
Therefore, the correct option is b. $3,918.
You go to Starbucks and see the price of a tall latte quoted as $3.00. You buy the latte and pay with $3.00 cash. In the first instance money serves as ___________ while in the second instance money serves as ___________.a unit of account; a medium of exchange
Answer:
$10.49
Explanation:
The computation of the net asset value of the fund is shown below:
= (Market value of the assets - market value of the liabilities) ÷ number of oustanding shares
where,
Market value of assets is
= (200,000 × $35) + (300,000 × $40) + (400,000 × 20) + (600,000 × 25)
= $42,000,000
So, the net asset value of the fund is
= ($42,000,000 - $30,000) ÷ (4,000,000)
= $10.49
Answer:
A. The balance sheet reports the performance of the firm over the past period. It summaries and categorizes a company's revenues and expenses for that period.
Explanation:
The balance sheet is a financial document or statement that shows a company's total assets at a particular time. It indicates how the assets are financed. A balance sheet reports the net worth of a business. It shows the assets, the liabilities, and the shareholders' equity.
The preparation of a balance sheet follows the principle of assets equals the sum of liabilities and equity. It does not record incomes of expenses of a business for a financial year. The income statement is the financial report that shows the revenue and expenses of a company in a period.
