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3 years ago

Accounting for trade in goods and services Suppose the following transactions occur during the current year:

Business

1 answer:

Reil [10]3 years ago

4 0

Answer:

Accounting for trade in goods and services

Indication of the combined effects of transactions on the U.S. national accounts for the current year:

1. Dmitri orders 40 bottles of wine from a French distributor at a price of $30.00 per bottle.

Amount (Dollars) $1,200

Consumption 0

Investment 0

Government Purchases 0

Imports Exports 0

Net Exports 0

Gross Domestic Product (GDP) 0

2. A U.S. company sells 200 spark plugs to a Korean company at $5.00 per spark plug.

Amount (Dollars) $1,000

Consumption 0

Investment 0

Government Purchases 0

Imports Exports $1,200 Exports

Net Exports $1,200

Gross Domestic Product (GDP) $1,200

3. Jake, a U.S. citizen, pays $670 for a surfboard he orders from Greatwaves (a U.S. company).

Amount (Dollars) $670

Consumption $670

Investment 0

Government Purchases 0

Imports Exports 0

Net Exports 0

Gross Domestic Product (GDP) $670

Explanation:

The Gross Domestic Product (GDP) is the total market value of goods and services produced within an economy for a given period. It is calculated with this formula: GDP=C+I+G+(X−M) where, C = Consumption of goods and services, I = Investments, G = Government Spending, X = Exports and M = Imports. It is in turn influenced by transactions that take place on a daily basis. Some of the transactions do not really affect a country's GDP. For example, the order of bottles of wine by Dmitri (supposedly a Greek citizen) from a French distributor into (Greece).

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Ms. Jones wants to make 14% nominal interest compounded quarterly on a bond investment. She has an opportunity to purchase a 12

AlladinOne [14]

Answer:

IF mrs Jones wants to make 14% on the bond this is her required return and what the ytm of the bond should be to make her want to buy the bond. Because the bond pays a coupon of 12% she will want to pay less than the face value of the bond, so that the overall return can be 14%. Whenever the coupon rate of the bond is less than the required return or ytm, the bond is sold at a discount. In order to find at what price should she buy the bond we will need a financial calculator and input the following

FV= 10,000

YTM= 3.5 ( We divide 14 by 4 to find the ytm because the bond has quarterly compounded payments)

PMT= 300 ( We find out the 12% of 10,000 and divide it by 4 because the bond has quarterly payments)

N= 48 (12 years into 4 because there will be a total of 48 quarters and 48 payments)

Put these values in a financial calculator and compute the PV

PV= 8,845

The present value of the bond is 8,845 if the required return is 14% which means she should be willing to pay $8,845 for the bond today.

Explanation:

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3 years ago

The quantity supplied is the: Group of answer choices amount of inputs that a firm earns profit on. change in the sellers' outpu

Illusion [34]

Answer:

Explanation:

The correct answer is the amount of a good that firms are willing and able to sell at a particular price during a given period of time.

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3 years ago

During the year a parent makes sales of inventory at a profit to its 75 percent owned subsidiary. The subsidiary also makes sale

FinnZ [79.3K]

Answer: total revenues from intercompany sales.

Explanation:

From the question, we are informed that during the year a parent makes sales of inventory at a profit to its 75 percent owned subsidiary and that the subsidiary also makes sales of inventory at a profit to its parent during the same year.

We are further told that both the parent and the subsidiary have on hand at the end of the year 20 percent of the inventory acquired from one another.

In this case, the consolidated revenues for the year should exclude total revenues from intercompany sales

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3 years ago

The City of Breukelen maintains a rapid transit system, which is accounted for in a proprietary fund called Breukelen RTS. Based

mestny [16]

Answer:

The City of Breukelen

Breukelen RTS

Statement of revenues, expenses, and changes in net position

For the year ended December 31, 2019

Particulars Amount$ Amount$

Revenues

Operating Revenue 3,150,000

Operating Expenses

Train operating expenses 2,430,000

Track and maintenance expenses 565,000

Depreciation expenses 325,000

Total operating expenses 3,320,000

Operating loss (170,000)

Non-Operating revenue (Expenses)

Investment income 50,000

Interest expenses 320,000

Total Non-operating (expenses) (270,000)

Loss before transfer (440,000)

Transfer from City of B 500,000

Change in net assets 60,000

Total net position (beginning) 7,430,000

Total net position (ending) 7,490,000

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3 years ago

A publicly owned corporation is a company whose shares are held by the investing public, which may include other corporations as

Lubov Fominskaja [6]

Answer:

True

Explanation:

A publicly owned corporation is a company is a company owned by shareholders. This type of company's shares is freely traded on a stock exchange

Characteristics of A publicly owned corporation

Limited liability. the liability of owners are limited to the amount invested
Central management. The company is manged by board of directors and managers and not the shareholders
the company is a legal entity.

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3 years ago