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3 years ago

Consider the following hypothetical data for an open economy (in millions):

Business

1 answer:

zavuch27 [327]3 years ago

7 0

Answer: $571 million

Explanation:

International Investment Position (IIP) is an Economic measure that is calculated to see the assets owned by the citizens of a country outside the country versus the assets owned by foreigners in the country in question. It is informally referred to as a nation's Balance Sheet with other countries.

It is calculated by;

Value of the International Investment Position of the US = Assets owned outside the US by the US citizens - Assets owned inside the US for the foreign citizens

= 23,357 - 22,786

= $571 million

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Explanation:

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3 years ago

Colombo Enterprises has a defined benefit pension plan. At the end of the reporting year, the following data were available: beg

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Answer:

The correct answer is $12,400.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the pension expense by using following formula:

Pension expense = Interest cost + Service cost - Expected return on plan assets.

Where, Interest cost = $6,400

service cost = $17,000

Expected return on plan assets = $11,000

So, by putting the value, we get

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Hence, Journal entry for the following are as follows:

Pension Expense A/c Dr. $12,400

To Cash $12,400

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3 years ago

Can you double your money in retirement funds?

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Answer:

Explanation:

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2 years ago

Condensed financial data are presented below for the Phoenix Corporation:

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Answer:

profit margin 7.77%

Interpretation: from evey dollar of sales the firm achieves almost 8 cent of net income

inventory turnover ratio 3.45

Interpretation: the inventory is sold 3 and a half times during the year

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the profit margin is the quotient between net income and sales.

$\frac{net \: income}{sales} = $profit margin$

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(312,500 + 257,500)/ 2 = 285,000

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2 years ago

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2 years ago

Consider the following hypothetical data for an open economy​ (in millions):

Consider the following hypothetical data for an open economy (in millions):