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kicyunya [14]
3 years ago
6

Based on the following information, what is the balance on the financial account? Exports of goods and services = $5 billion Imp

orts of goods and services = $3 billion Net income on investments = -$2 billion Net transfers = -$2 billion Increase in foreign holdings of assets in the United States = $4 billion Increase in U.S. holdings of assets in foreign countries = -$1 billion
Business
1 answer:
Olegator [25]3 years ago
4 0

Answer:

3 billion

Explanation:

the financial account will be the cash inflow less the cash outflow:

Increase in foreign holdings of assets in the United States = $4 billion Increase in U.S. holdings of assets in foreign countries = -$1 billion

4 billion of dollar enter the US from aboard while 1 billion left the country with destination aboard in total the financial account will be:

4 billion - 1 billion = 3 billion

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Though the profits accrue to the local capitalists, a system of nationally controlled production still depends on __________.
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_______ is a type of a multinational corporation that centralizes its management and other decisions in the home country.
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Answer: Global Company

Explanation:

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7 0
1 year ago
Grocery Corporation received $330,654 for 9.50 percent bonds issued on January 1, 2018, at a market interest rate of 6.50 percen
andre [41]

Answer:

Explanation:

Issue price of bond = $330,654

Face Value = $272000

Premium on issue of bond = $330,654 - $272000 = 58654

Journal entry for bond issuance:

Cash Dr $330,654

Bonds Payable $272000

Premium on Bonds payable $58654

(Being bond issued at a premium of $58654)

As per effective interest method, interest expense = market rate * book value of bond

= 6.5% * $330,654 = $21492.5

Cash interest = $272000 * 9.5% = $25840

Premium to be amortized on interest date = $25840 - $21492.5 = $4347.5 or $4348

Journal entry for interest payment on December 31:

Account                            Financial            Issuance  Interest paid

                                         Statement    

Bonds payable                 Balance Sheet  272000  

Discount on Bonds payable  NA                NA                     NA  

Interest expense               Income Statement   0                 21492.5

Premium on Bonds Payable     Balance Sheet  58654          -3813

   

Note: Interest expense for the year:    

Interest to be paid ($272000 * 9.5%)                25840  

Less: Amortization of Premium (58654/6.5)      3813  

Interest expense                                                21492.5  

   

Journal entry:    

Interest expense Dr.                                          21492.5  

Premium on Bonds payable Dr.                          3813  

       Cash Account                                                                 25306  

Note: here, it has been premium has been written on Straight line basis.

3 0
3 years ago
When Mi Ola’s purchasing manager places the weekly order for new bikinis based on how many of each type have sold that week, thi
geniusboy [140]

Answer:

The process of making this decision By the CLASSICAL MODEL of decision making

Explanation:

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Decision taken using this Method is usually based on what the eyes are seeing. Facts.

From the text, Ola buys new bikinis weekly based on the designs the customers are buying more. He decides on what to buy for the new week by looking at the designs that his customers went for the previous week. This is a clear case of Classical model of Decision making.

5 0
3 years ago
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