1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Splish Company purchased a computer for $9,920 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life an
BartSMP [9]

Answer:

$2914

Explanation:

The following steps would be taken to determine the answer

1. Calculate depreciation expense given the initial information  

2. calculate the accumulated depreciation by the second year. Accumulated depreciation is sum of depreciation expense

3. subtract the accumulated depreciation from the cost price of the asset. This would give the book value  

4. calculate the depreciation expense using the new information and the book value

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($9,920 - $1240) / 5 =  $1736

Accumulated depreciation = 1736 x 2 = $3472

Book value at the beginning of 2021 = 9920 - 3472 = $6448

Depreciation expense in 2021 = (6448 - 620) / 2 = $2914

5 0
3 years ago
Everything else held constant, an increase in the excess reserves ratio causes the m1 money multiplier to ________ and the money
Cloud [144]

The M1 money multiplier decreases and the money supply decreases when the required reserve ratio on checkable deposits rises, all else being equal.

<h3>What is the reserve ratio?</h3>

The percentage of deposits that commercial banks must retain in cash under the guidance of the central bank is known as the cash reserve ratio.

<h3>How is reserve ratio determined?</h3>
  • The country's central bank, in the instance of the United States, the Federal Reserve, determines the reserve ratio requirement.
  • The calculation for a bank can be obtained by dividing the bank deposits by the cash reserve held with the central bank, and it is expressed as a percentage.
<h3>What is an example of the reserve ratio?</h3>

The required reserve ratio is directly correlated to how much a bank expands the money supply. For instance, if a bank has deposits totaling $1,000,000 and a reserve ratio of 10%, it can lend out $900,000.

learn more about reserve ratio here

<u>brainly.com/question/13758092</u>

#SPJ4

4 0
1 year ago
foreign project in Hungary and another in Japan had the same perceived value from the U.S. parent's perspective. Then, the excha
worty [1.4K]

Answer:

The correct answer is higher than that for the Hungarian project.

Explanation:

The break-even point is defined as that point or level of sales in which the total income is equal to the total costs and, therefore, no accounting profit or loss is generated in the operation. It is a mechanism for determining the point at which sales will exactly cover total costs. The breakeven point is also known as the Cost-Volume-Profit ratio, and emphasizes the different factors that affect profit. The break-even point allows determining the minimum number of units that must be sold or the minimum value of sales to operate without losses. The analysis of the break-even point answers the question related to the decisions that must be made about the planning of the profits of a company or an investment project. In this regard, it is convenient to say that the study of any investment project must include the calculation of the sales levels (either in units or in pesos) that are required for  reach operational balance.

7 0
3 years ago
Paramedics require excellent mechanical skills. <br><br> True<br><br> False
UkoKoshka [18]
False.)
Why? Paramedics have the minimal amount of machines to manage, they’re more versed in having excellent skills in well, being paramedics, lol. Hope this helps and good luck!! :)
6 0
3 years ago
Read 2 more answers
The annual average CPI for 2016 was 240.5. If the CPI for 2010 was 218.1, then what was the inflation rate for the years 2010-20
aksik [14]

Answer: 9.31%

Explanation:

The Consumer Price Index (CPI) is able to check the price change per year by pricing a fixed basket of goods in different years. It can be used to calculate inflation with the formula;

Inflation rate = (CPI target year - CPI base year / CPI base year) *100

= \frac{240.5-218.1}{218.1} * 100%

=9.31%

8 0
3 years ago
Other questions:
  • Handcrafts &amp; Hobbies Store agrees to hire Iliana for one year at a salary of $600 per week. When Handcrafts &amp; Hobbies ca
    15·1 answer
  • What is a natural monopoly?
    12·1 answer
  • What commodities are grown for a purpose other than food?
    15·1 answer
  • g The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income statement reported the fo
    7·1 answer
  • Roger purchased a stock for $16 a share. The stock paid a $1 annual dividend and increased in price by $2 a year for the followi
    14·1 answer
  • In two years, you will receive the 1st payment from an irrevocable trust your grandparents set up. The trust is set up make paym
    9·1 answer
  • Suppose a company wants to structure its assets and liabilities such that its equity is unaffected by interest rate risk. To acc
    13·1 answer
  • Select the statement that is true of common stock. Companies issue dividends to common stockholders before preferred stockholder
    8·1 answer
  • What is the name for the practice whereby a married woman loses all of her political and economic rights to her husband?.
    8·1 answer
  • On january 15, the owner of a sole proprietorship withdrew $2,000 cash for personal use from the business. how would this entry
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!