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nataly862011 [7]
3 years ago
10

We have the following data for a hypothetical open​ economy: GNP​ = ​$10 comma 00010,000 Consumption​ (C) = ​$8 comma 2008,200 I

nvestment​ (I) = ​$1 comma 2001,200 Government Purchases​ (G) = ​$1 comma 2001,200 What is the value of the current account​ balance? ​$nothing ​(Enter your answer as an integer. Include a minus sign if necessary​).
Business
1 answer:
jok3333 [9.3K]3 years ago
7 0

Answer:

Current account​ balance. = -$600

Explanation:

Given:

GNP = $10,000

Consumption (C) = $8,200

Investment (I) = $1,200

Government Purchases (G) = $1,200

Find:

Current account​ balance.

Computation:

GNP = Consumption (C) + Investment (I) + Government Purchases (G) + Current account​ balance.

$10,000 = $8,200 + $1,200 + $1,200 + Current account​ balance.

Current account​ balance. = $10,000 - $10,600

Current account​ balance. = -$600

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Pedregon Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.95 Direct labor
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Answer:

The correct answer is $27,675.

Explanation:

According to the scenario, the given data are as follows:

Variable manufacturing OH = $1.75

Fixed manufacturing OH = $19,800

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Total manufacturing OH = Total variable OH + Total fixed OH

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By putting the value, we get

Total Manufacturing OH = $7,875 + $19,800

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3 years ago
a. a marketing firm is looking for a candidate with a business degree and at least five years of work experience. multiple choic
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10 months ago
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Stella [2.4K]

Journal entries:

Nov. 1, common stocks issued

Dr Cash 41,000

    Cr Common stock 41,000

Nov. 4, office supplies and furniture purchased

Dr Office supplies 1,200

Dr Furniture 2,300

    Cr Accounts payable 3,500

Nov. 6, service revenue

Dr Cash 2,100

    Cr Service revenue 2,100

Nov. 7, land purchased

Dr Land 27,000

    Cr Cash 27,000

Nov. 10, service revenue

Dr Accounts receivable 800

    Cr Service revenue 800

Nov. 14, payment of furniture

Dr Accounts payable 2,300

    Cr Cash 2,300

Nov. 15, wages expense

Dr Wages expense 1,470

    Cr Cash 1,470

Nov. 17, collection of accounts receivable

Dr Cash 500

    Cr Accounts receivable 500

Nov. 20, service revenue

Dr Accounts receivable 680

    Cr Service revenue 680

Nov. 25, received cash in advance

Dr Cash 1,900

    Cr Unearned revenue 1,900

Nov. 28, service revenue

Dr Cash 3,100

    Cr Service revenue 3,100

Nov. 29, purchase prepaid insurance

Dr Prepaid insurance 840

    Cr Cash 840

Nov. 30, wages expense

Dr Wages expense 1,470

    Cr Cash 1,470

Nov. 30, rent expense

Dr Rent expense 650

    Cr Cash 650

Nov. 30, utilities expense

Dr Utilities expense 650

    Cr Accounts payable 650

Nov. 30, dividends distributed

Dr Retained earnings 2,800

    Cr Dividends payable 2,800

Dr Dividends payable 2,800

    Cr Cash 2,800

Since there is not enough space here, I prepared an excel spreadsheet with the T-accounts.

In order to prepare a trial balance sheet, I must first prepare an Income Statement:

Service revenue              $6,680

Wages expense             ($2,940)

Rent expense                   ($650)

<u>Utilities expense              ($650)</u>

Net income:                    $2,440

Retained earnings = $2,440 (net income) - $2,800 (dividends) = ($360)

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     BALANCE SHEET

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Cash $12,070

Accounts receivable $980

Prepaid insurance $840

Office supplies $1,200

Furniture $2,300

Land $27,000

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Accounts payable $1,850

Unearned revenue $1,900

Common stock $41,000

Retained earnings ($360)

Total liabilities and stockholders' equity: $44,390

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3 years ago
You just deposited $6,500 in a bank account that pays a 4.0% nominal interest rate, compounded quarterly. If you also add anothe
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Answer:

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=  $6500 × (1.01)^12 + $5,000 × (1.01)^8 + $7,500 × (1.01)^4

=  $7,324.36 + $5,414.28 + $7,804.53

= $20,543.17

Hence, the correct answer is $20,543.17.

5 0
3 years ago
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