In the U.S. current account, most of the trade deficit results from an excess of imported <span>merchandise (B).</span>
Answer: Increases the price level by 5 percent
Explanation:
Monetary Neutrality is a theory in Economics that posits that when there is a change in money supply in an economy, the only variables affected are the nominal ones like price level and wages and Real variables like GDP and employment are not affected.
It holds that when there is an increase in money supply, there is an equivalent increase in Price level as well because the value of money has fallen by the rate of the monetary increase. The Price level rising at the same rate is to compensate.
A 5 percent increase in the money supply will therefore increase the price level by 5 percent.
Answer: The local HR unit’s responsibilities for planning, training, and compensation broaden
Explanation:
A foreign subsidiary company is a partially or wholly owned company which is part of a larger corporation with its headquarters in another country. Such companies are incorporated under the country's law it is located.
When a foreign subsidiary grows and matures, the responsibilities of the local human resource unit for planning, compensation and training will broaden.
Answer:
D. Serve as the fiscal agent for the Federal government
Explanation:
The Federal Reserve System (FRS) is the central bank of the United States. FRS regulates the U.S. monetary and financial system.
The functions of Federal Reserve System includes;
1. conducting the nation's monetary policy
2. regulating banking institutions
3. monitoring and protecting the credit rights of consumers
4. maintaining the stability of the financial system
5. providing financial services to the U.S. government.
Answer:
The answer is given below;
Explanation:
The adjusting entry will be;
Income Statement Dr.$5,000
Inventory Cr.$5,000
As the NRV is less than cost,therefore difference amount will be charged to profit and loss account.
