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soldier1979 [14.2K]
3 years ago
8

Using the data calculate the balance on current account for this economy.

Business
1 answer:
Sergio039 [100]3 years ago
7 0

Answer:

= - $1050

Explanation:

Current Account:

Balance of Trade negative -$600

Balance of Services =       +$50

Net Income on Investments negative −$400

Net Transfers                      ​-$100

current account (-$600+$50−$400-$100)         - $1050

Exports of Goods +$9,900

Imports of Goods - $10,500

Exports of Services        +$350

Imports of Services ​      -$300

Income Received on Investments +3,300

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Answer:

d. $10.

Explanation:

Tax is a payment made to the government to assist it in financing its various programs. Taxes are the main source of government revenue.  Income tax is the tax levied on individuals and firms on their earnings.

Susan and Rebecca enter into a work agreement where Rebecca hires Susan to dog sit for her. Susan will be working and is expected to pay taxes on the income received. Rebeca will be attending a wedding, which is not an income-generating activity; hence she will not pay any taxes. It means only Susan will pay taxes as she is the only one who will be earning. If the tax imposed on dog sitting is $10, then the two ladies will be worse-off by $10.

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3 years ago
All business strategies seek to gain competitive advantage. <br> a. True <br> b. False
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True.............:  :3
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Blue Sky Company’s 12/31 balance sheet reports assets of $65,893 and liabilities of $28,686. All of Blue Sky’s assets’ book valu
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Cost of units completed in the Polishing Department, $35,000

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Credit Finished good           $ 40,000

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3 years ago
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Now the preparation of the retained earning statement is presented below:

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Add: Net income $3,900

Less: Dividends      ($1,521)

Ending balance      $2,379

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