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aleksandrvk [35]
3 years ago
12

In 2010 the United States posted a current account deficit of -$471 billion. The bulk of the negative value came from: A. a good

s trade deficit. B. a net transfer deficit. C. an income balance deficit. D. an income trade deficit.
Business
1 answer:
Brut [27]3 years ago
6 0

Answer:

A. a goods trade deficit

Explanation:

The current account represent the trade balance (export less import) plus

the net income (person receiving interest, rent or wages from aboard less person and companies paying foreingers) and

the direct payment. ( remittances from wroker to US)

As the US is one of the most open-economies in the world the mayority of this deficit comes from import of good and services from aboard.

Another factor, is that US company invest around the world thus, the net income should be positive.

And becuase the US economy is strong as opposite of Mexico or other Latin America countries, the average US employee abroard will not send their wages to support his family.

Thus, we should ensure the deficit comes from a negative trade deficit.

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On May 18, Rodriguez Co. issued an $84,000, 6%, 120-day note payable on an overdue account payable to Wilson Company. Assume tha
ankoles [38]

Answer:

c. Rodriguez is the borrower and debits Accounts Payable

Explanation:

Rodriguez Co will :

  1. De-recognise the Trade Payable - Wilson Company
  2. Recognise a Financial Liability to Wilson Company

Wilson Company will :

  1. Recognise an Investment or FA in Rodriguez Co
  2. De-recognise the Trade Receivable - Wilson Company
7 0
3 years ago
Dollar General operates midsized retail stores in rural towns. It has been expanding the variety of products available in its st
maks197457 [2]

Answer:

product development

Explanation:

The product development strategy is a strategy where the new products would be developed for the pre-existed market or for the present customers. As in the given situation, since dollar general produced for its existing customers

Therefore as per the given situation it is an example of product development

3 0
3 years ago
All of the following are weaknesses of the payback period:_________ (You may select more than one answer. Single click the box w
sashaice [31]

Answer:

c. it ignores all cash flows after the payback period

d. it ignores the time value of money.

Explanation:

Payback period as far as capital budgeting is concerned can be regarded as time that is required for recouping of funds that is been expended during setting up of an investment, or the funds required to get to break-even point. It should be noted that weaknesses of the payback period are;

✓. it ignores all cash flows after the payback period

✓ it ignores the time value of money.

5 0
3 years ago
Crystal Lodging recorded $330,000 in revenues, $247,500 in expenses, and $45,000 of dividends for the year. The company began th
Luda [366]

Answer:

Change in Assets is $127,500

Explanation:

The accounting equation for a corporation is:

Assets = Liabilities + Stockholders' Equity

⇒ Liabilities = Assets - Stockholders' Equity

= $285,000 - $130,500

= $154,500

At the end of years,

  • Liabilities amount = Liabilities in the beginning + Change in liabilities = $154,500+ $90,000 = $244,500
  • Stockholder's equity amount = Stockholder's equity + Change in stockholder's equity = $130,500 + $37,500 = $168,000

The assets at the end of year = $168,000 + $244,500 = $412,500

Change in Assets = $412,500 - $285,000 = $127,500

Shorter answer:

Change in Assets = Change in Liabilities + Change in Stockholders' Equity

= $90,000 + $37,500 = $127,500

8 0
3 years ago
Explain the difference between socialism and a pure command economy
AleksandrR [38]
Command economies have public enterprises where the government controls everything including business and production. In socialism, the means of production, distribution, and exchange are owned or regulated by the community as a whole. 
4 0
3 years ago
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