Answer:
<u>Balance of payments surplus</u>
Explanation:
Balance of payments refers to a record of a country's trade position during a period.
Three components of Balance of payments are. current account, capital account and the financial account.
In the scenarios wherein a nation's exports exceed the imports, it reveals a surplus. Conversely, if imports exceed exports, it reveals a deficit.
Borrowings by a nation to fund it's deficit is regarded as an inflow in the balance of payments account.
Thus, in the given case,
Balance of payment position for the FY 2015-16 = $20 - $18 + $40 = +$42
Which indicates balance of payments surplus position.
Answer:
The amount of total stockholders’ equity reported on the balance sheet at month-end is $30,000.
Explanation:
Stockholders’ equity comprises retained earnings, common stock and any other statutory reserves. The retained earnings is the accumulation of net income or loss over years minus dividend paid while common stock is the value of the shares owned by the owners or the public and the owners are entitled to dividends.
The amount of total stockholders’ equity reported on the balance sheet at month-end is simply $5,000 + $25,000 = $30,000.
Answer:
Increase Rent Expense, $4,000; decrease Prepaid Rent, $4,000.
Explanation:
Since Fisher Shoe Store paid $24,000 to Acme Realty for 6 months rent beginning July 1, we will calculate monthly rent amount by:
24,000/6 = $4,000
Financial statements are prepared on July 31, so we will adjust the July rent in the adjusting entry.
We will debit the rent expense by $4,000 and credit the prepaid rent which is an asset to decrease it by an amount of $4,000.
Becoming aware of your assumptions and becoming open to different points of view can help you demonstrate respect for various approaches to work tasks and styles, making it easier for you to build relationships and be successful with others in your career.
$2.85 is the standard fixed manufacturing overhead cost per gadget
<h3>What is
manufacturing ?</h3>
Manufacturing is the process of creating or producing goods using equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the economy's secondary sector.
The Manufacturing Principles are a set of elements shared by all manufacturing industries that revolve around the concepts of flow and variation. These principles have emerged as a result of close collaboration with the manufacturing industries at both the research and operational levels.
A wide range of complex chemical or biological processes are used in the production of API. API synthesis from raw materials necessitates multi-step procedures involving a variety of high-tech processing technologies.
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