Importing
What is Importing?
An import is an item or service that is purchased outside of its nation of origin. International trade is made up of imports and exports. A country has a negative trade balance, or a trade deficit, if the value of its imports exceeds the value of its exports. Since 1975, the US has had a trade imbalance. The U.S. Census Bureau estimates that in 2019, the deficit was $576.86 billion.
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The economy, as a system, represents the flow of the resources from the production through consumption. In fact, economy is the line of production and distribution and as well as the consumption of the goods and services in any given areas around the globe.
Answer:
The answer is the end use of the product
Explanation:
The end use of a.product determines whether the product is s consumer or an industrial product.
A consumer product is a finished product. They are ready for immediate consumption. Consumers buy and eat it. For example, biscuits, coke etc
An industrial product is a product e.g raw materials, machinery, that is used to produce finished goods. Businesses and firms use industrial product to produce finished goods.
Answer:
The amount should be recorded as interest expense in the journal entry made each six months is $6,000
Explanation:
In order to calculate the amount should be recorded as interest expense in the journal entry made each six months, we have to calculate the interest annually with the following formula according to the given data:
interest annually=Issue Price of Bond×rate of interest
=$200,000
×6%
=$12,000
Therefore, the interest semiannually would be calculated as follows:
interest semiannually=$12,000/2=$6,000
The amount should be recorded as interest expense in the journal entry made each six months is $6,000
In The Lord Of The Flies, Jack basically convinces himself that he killed the beast and not simon, and in an example of mob mentality Piggy, Ralph, Sam and Eric all just go along with it even though they feel guilty and seem to acknowledge that they did know it was simon they were killing.
