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3 years ago

Difference between money paid to and money received from other nations in trade is called balance of trade.

Business

2 answers:

goldfiish [28.3K]3 years ago

8 0

Answer:

false

Explanation:

aleksley [76]3 years ago

6 0

Answer:

False

Explanation:

This is a definition of Balance of Payment hence making this statement false. This is commonly confused since they almost sound the same. Here's the difference; Balance of payment is for recording all economic transactions of a country with other countries like inflow and outflow of foreign exchange, so basically money. Balance of trade on the other hand is the difference in the value of a country's imports and exports.

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At the beginning of 2020, Sun Angel Corporation began offering a two-year warranty on its products. The warranty program was exp

Artemon [7]

Answer:

$2,210,126

Explanation:

Calculation to determine what The amount reported on Sun Angel's 2020 year end balance sheet for Estimated Warranty Liability is:

Estimated Warranty Liability=(1%+3%*$184,743,795)-$5,179,626

Estimated Warranty Liability=$7,389,752-$5,179,626

Estimated Warranty Liability=$2,210,126

Therefore The amount reported on Sun Angel's 2020 year end balance sheet for Estimated Warranty Liability is:$2,210,126

5 0

3 years ago

Portia is a vegetarian and chooses not to eat meat based on moral and ethical rationales. Her employer is hosting a barbeque eve

8090 [49]

Answer:

D. freedom of conscience (limited)

Explanation:

Freedom of conscience consists is having the right to form one's own ethical and moral views, independent of other's beliefs, and also having the right to act in a way that is coherent with those ethical and moral views.

Even if Portia is an employee, and is legally bound to her employer in many ways, she is not obliged to do something that goes against her ethical and moral rationales, whether at the workplace, or a event outside of the office like the barbeque. As a vegetarian, she has the right to be excused from the party, and exercise in that way, her freedom of conscience.

5 0

4 years ago

Carter Pearson is a partner in Event Promoters. His beginning partnership capital balance for the current year is $55,500, and h

Jlenok [28]

Answer:

b. 9.75%

Explanation:

When a partner invests in a business, he/she expects to get return on his equity in the business. The major reason for this is to compare his/her return in the partnership business with the return he/she could get elsewhere.

The return on partner equity is calculated by dividing his/her net income from the partnership business by his/her average capital for the period.

The formula is given below:

Net income x 100

Average capital

Average capital = Opening capital balance + Closing capital balance

For Carter Pearson, the average capital is = $55,500 + $62,500

= $59,000

The return on equity will be: $5,750 x 100

$59,000

= 9.7457

= 9.75% - approximate to two decimal point.

5 0

3 years ago

Durable goods $3,000 Services 6,000 Business purchases of capital goods 400 Fixed investment 850 Exports 600 Imports 800 Nondura

ASHA 777 [7]

Answer:

$9,700

Explanation:

The computation of the consumption is shown below;

= Durable goods + Services + Non-durable goods

= $3,000 + $6,000 + $700

= $9,700

We simply added the durable goods, services and the non-durable goods so that the consumption could be come

Hence, the consumption is $9,700

Therefore the same is to be considered

6 0

3 years ago

On January 1, 2018, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truc

Norma-Jean [14]

Answer:

option (D) loss, $3,000

Explanation:

Given:

price of the truck = $48,000

estimated residual value = $8,000

Exchange price of the truck = $60,000

Trade allowance = $35,000

Since, straight line depreciation is given, thus,

Total depreciation = $\frac{\textup{48,000−8,000}}{\textup{8}}$

Total depreciation = $5,000 per year

Therefore,

the book value after two years

= Price of truck - total depreciation in two years

= $48,000 − ($5,000 × 2 years)

= $38,000

Now,

a trade allowance received ( i.e $35,000 ) is less than the book value

therefore a loss is recorded

The amount of loss = (Book value - trade allowance received)

The amount of loss = $38,000 - $35,000 = $3,000

Hence, correct answer is option (D) loss, $3,000

5 0

3 years ago