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
maw [93]
2 years ago
7

China had a $214 billion overall current account surplus in 2012. Assuming that China’s net debt forgiveness was zero in 2012 (i

ts capital account balance was zero), what was the net balance of Chinna's financial account balance?
Instructions: Enter your answer as a whole number. If you are entering a negative number be sure to include a negative sign (-) in front of that number.

$ ________ billion.
Business
1 answer:
Pie2 years ago
4 0

Answer:

The correct asnwer is $-214 billion.

Explanation:

A surplus occurs when an account exceeds the credit after having paid all its debts and obligations.

As the example says, assuming that China’s net debt forgiveness was zero in 2012, then the net balance of China's financial account balance would be -214 billion.

This means that China would be facing a deficit.

A defit means that more money comes out of our company's account than it enters.

Which causes China to have a<u> negative balance account.</u>

You might be interested in
In a process costing system, which of the following would be TRUE?a.There is no need to track materials to processes.b.There is
Allushta [10]

Answer:

d.All of these choices are true.

Explanation:

In a process costing system, a.There is no need to track materials to processes.b.There is no need to use time tickets to assign costs to processes.c.A process costing system is more expensive to maintain because it has more work-in-process accounts.d.All of these choices are true . All of the choices given are true .

3 0
2 years ago
HELP FAST PLEASE!!!!! Information you should consider when researching and comparing careers include all of the following except
Butoxors [25]

Answer:

What your friends are doing.

Explanation:

The reason why the answer is what your friends are doing, is because it is in most cases, unnecessary. Even though it might seem like it is necessary, but if you really think about it, you are looking for jobs FOR YOU and you alone. What your friends are doing for their career, will most likely differ from what you would want to do.

7 0
3 years ago
What happens to price when the cost of resources rise and falls
JulijaS [17]
In any business, when the cost of resources rise, the price of buying the commodity will also be high, this is because when it cost you much to produce a commodity, you will end up charging a higher price when selling it. Failure to do so may lead to making loses. The opposite is also true, when the cost of resources fall, the pricing will also be less.
6 0
3 years ago
What should you plan for first when creating a budget
alexira [117]

Answer:

CALCULATE EXPENSES

Your first order of business is finding out exactly how much you’re spending each month. Do this by consulting your bank statements, receipts and financial files. Because some expenses are intermittent, such as insurance payments, you’ll get the most accurate financial picture if you calculate an average for six months to a year. Add up everything you spent for the last six to 12 months and then divide by the amount of months, which will give you your average monthly expenses.

Remember that being thorough when you add up expenses is important in creating a realistic budget. A forgotten bill really throws a wrench into your savings plan. When calculating your expenses, also factor in unexpected bills, such as unplanned car repairs. A good rule of thumb is to add an extra 10 percent to 15 percent. So if you’ve determined that you spend $1,500 a month, add $150 to $225.

4 0
3 years ago
The united states can use all its resources to produce 250 dvds or 500 shoes. china can use all of its resources to produce 30 d
Darina [25.2K]
It is two shoes. Leave a thanks if it benefited you!
8 0
3 years ago
Other questions:
  • Suppose that the equilibrium wage for teachers in Michigan is $15/hour. Also suppose that Michigan raises its minimum wage to $1
    13·1 answer
  • Daryl is a human resource manager at a large corporation. In this position, his sole responsibility is to find ways to minimize
    13·1 answer
  • With Kanban, project management becomes a game of facilitating and implementing better risk management.
    14·1 answer
  • Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take five rights to buy a n
    6·1 answer
  • If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. There are two approaches t
    5·1 answer
  • Exercise 7-16 (Algo) Estimating bad debts LO P3 At December 31, Folgeys Coffee Company reports the following results for its cal
    15·1 answer
  • Joanna is a Master Sergeant in the U.S. Air Force. In June of 2019, her duty station changed from Offutt Air Force Base in Nebra
    12·1 answer
  • Marston Manufacturing Company is considering a project that requires an investment in new equipment of $3,600,000, with an addit
    9·1 answer
  • Should you feel bad about quitting your job for more money when you like your job
    12·1 answer
  • The demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year. The demand is easily satisfied on
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!