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3 years ago

The current account is best defined as:

Business

1 answer:

stiks02 [169]3 years ago

4 0

Answer:

The account that includes transactions like imports and exports, income earned by Americans abroad, and net transfers to other countries.

Explanation:

A current account can be defined as an account that record the different transactions a country carries out with another country. A current account comprises of net primary income, earnings from foreign investors that have occurred within a particular period of time.

Almost all countries are involved in trading of goods and services with another country, a current account helps to evaluate the manner in which a particular country traded their different goods with foreign markets.There tends to be a postive balance of a country exports more goods than it imports.

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In the current labor market, suppose that the wage rate for accountants is significantly higher than the wage rate for economist

Citrus2011 [14]

The best explanation for the rise in economist salaries and the fall in accounting salaries would be (B) The supply of economists must have decreased, and the supply of accountants must have increased.

<h3>Why is this the best explanation?</h3>

When there is a decrease in the supply of a commodity, its prices will go up. The salaries of economists went up because the number of economists available, decreased.

When there is an increase in the supply of something, the price will decrease. This is why the accountants saw their salaries decrease - the number of accountants available increased.

In conclusion, option B is correct.

Find out more on demand and supply at brainly.com/question/4804206.

4 0

1 year ago

Consider a one-year project that costs $126,000, provides an income of $70,000 a year for 5 years, and costs $225,000 to dispose

Inessa [10]

Answer:

Present Value (PV) of cash flows are as follows.

(i) Discount rate = 0%

$\mathrm{PV}(\mathrm{S})=-126,000+70,000 \mathrm{x} \mathrm{P} / \mathrm{A}(0 \%, 5)-225,000 \mathrm{x} \mathrm{P} / \mathrm{F}(0 \%, 5)$ $=-126,000+70,000 \times 5-225,000$

= - 1

Since PV < 0, the project should not be undertaken.

(ii) Discount rate = 2%

$\mathrm{PV}(\mathrm{S})=-126,000+70,000 \mathrm{x} \mathrm{P} / \mathrm{A}(2 \%, 5)-225,000 \mathrm{x} \mathrm{P} / \mathrm{F}(2 \%, 5)$

$|=-126,000+70,000 \times 4.7135-225,000 \times 0.9057$

= 156

Since PV > 0, the project should be undertaken.

(iii) Discount rate = 5%

$\mathrm{PV}(\mathrm{S})=-126,000+70,000 \mathrm{x} \mathrm{P} / \mathrm{A}(5 \%, 5)-225,000 \mathrm{x} \mathrm{P} / \mathrm{F}(5 \%, 5)$

$=-126,000+70,000 \times 4.3295-225,000 \times 0.7835$

= 772

Since PV > 0, the project should be undertaken.

(ii) Discount rate = 10%

$\mathrm{PV}(\mathrm{S})=-126,000+70,000 \mathrm{x} \mathrm{P} / \mathrm{A}(10 \%, 5)-225,000 \mathrm{x} \mathrm{P} / \mathrm{F}(10 \%, 5)$

$=-126,000+70,000 \times 3.7908-225,000 \times 0.6209=-126,000+265,356-139,707$

= - 351

Since PV < 0, the project should not be undertaken.

4 0

2 years ago

TryFit Co. uses process costing to account for the production of energy food bars. Direct materials are added at the beginning o

lubasha [3.4K]

Answer:

$37,654.00

Explanation:

beginning WIP = $13,000 + $10,000 = $23,000

costs added during the month = $42,000 + $46,000 = $88,000

total materials costs = $55,000

materials cost per EUP = $55,000 / 24,000 units = $2.29

total conversion costs = $56,000

conversion cost per EUP = $56,000 / 19,000 = $2.95

ending inventory = (10,000 x $2.29) + (10,000 x $2.95 x 50%) = $37,650

8 0

3 years ago

Frictional and structural unemployment can be alleviated by implementing a supply-side policy such as 19) A) * decreasing govern

balu736 [363]

Answer: the government giving tax breaks to companies locating in poor geographic areas.

Explanation:

4 0

2 years ago

Prepare journal entries to record the following transactions and events, based on the assumption that the nonprofit uses a singl

stira [4]

Answer:

1. Apple Stocks Dr. $75,000

Deferred Donation Income Cr. $75,000

2. Apple Stocks Dr. $1,500

Gain on Apple Stocks Cr. $1,500

3. Cash Dr. $ 76,000

Gain/Loss on Apple stocks Dr.$1,500

Apple Stocks Cr.$76,500

Explanation:

1. when stocks are received subject to a condition that we can't recognize donation income. therefore it is recorded as liability. please note that deferred income is called as liability.

2. When value of stocks increase, asset stock of apple also increase by differential amount.

3. when asset is sold, the loss is recognized and assets are knocked off from books and cash asset is recorded.

5 0

3 years ago