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3 years ago

In 2009, because U.S. imports were $2,535 billion while exports were $2,116 billion:

Business

1 answer:

Katyanochek1 [597]3 years ago

6 0

Answer:

A. imports exceeded exports by a sizable $419 billion

Explanation:

Obviously imports had a greater value than exports. The difference in value is ...

$2535 -2116 = $419 . . . billion

This observation matches choice A.

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The economic significance of successful ticket scalping (scalpers sell tickets at higher than official prices) at baseball games

Vinvika [58]

<span>Scalpers lead to the understanding that there is an overabundance of demand for tickets in comparison to the supply of tickets. With buyers willing to pay a premium for the scalped tickets, this can show that there is the ability for ticket prices to be raised and customers will still purchase them.</span>

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4 years ago

Your uncle is considering investing in a new company that will produce high quality stereo speakers. The sales price would be se

love history [14]

Answer:

The sales volume would be required to break even is $22,285

Explanation:

In order to calculate the sales volume would be required to break even we would have to calculate the following:

Breakeven sales = Fixed cost/contribution per unit

fixed costs are estimated at $1,170,000

contribution per unit=selling price per unit - variable cost per unit

selling price per unit=1.70*$75

selling price per unit=$127.50

Hence, contribution per unit=$127.50-$75

contribution per unit=$52.50

Therefore, Breakeven sales =$1,170,000/$52.50

Breakeven sales =$22,285

4 0

4 years ago

Suppose Hale and sons purchases 800,000$ of 5% annual bonds of Mcphee Corporation at face value on January 1, 2014. These bonds

r-ruslan [8.4K]

Answer:

1) Journalize Hale and Sons transaction related to the bonds for 2014

The McPhee Corporation bonds are classified as long term assets (more than 1 year), and as held to maturity

January 1, 2014, investment in McPhee Corporation bonds

Dr Investment in McPhee Corporation bonds 800,000

Cr Cash 800,000

June 30, first coupon payment received from investment in McPhee Corporation bonds

Dr Cash 20,000

Cr Interest revenue 20,000

December 31, second coupon payment received from investment in McPhee Corporation bonds

Dr Cash 20,000

Cr Interest revenue 20,000

2) journalize the entry required on the McPhee bonds maturity date.

December 31, 2018, last coupon payment + principal received from investment in McPhee Corporation bonds

Dr Cash 820,000

Cr Investment in McPhee Corporation bonds 800,000

Cr Interest revenue 20,000

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3 years ago

North co., a nonissuer, asked its tax accountant, king, a cpa in public practice, to generate north's interim financial statemen

Yakvenalex [24]

I believe the answer is: Statements on Standards for Accounting and Review Services.

Statements on Standards for Accounting and Review Services refers to an authoritative declaration on an unaudited financial statement (usually the financial statement of the company that is not selling its share on the market). This statement is issued by Accounting and Review Services Committee.

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3 years ago

In a planned economy, prices of commodities are controlled by _________.

GalinKa [24]

The correct answer is C. The government

Explanation:

The key feature of a planned economy is the strong influence and control of government in the economy. Indeed, in a planned economy it is the government the entity that decides on trade and production, this includes the prices of goods and the types of products that should be manufactured. Moreover, this does not occur in market economies because in these customers, produces and the law of supply/demand determine factors of the economy. According to this, in a planned economy prices are controlled by government.

4 0

3 years ago