Answer:
B) 30 BILLION Canadian dollars.
Explanation:
The balance of payments (BOP) formula is:
BOP = current account + financial account + capital account + balancing item
BOP always = 0
so if Canada's financial account is -$40 billion, its capital account is $10 billion, and there is no balancing item, then:
0 = current account - $40 billion + $10 billion
current account = $40 billion - $10 billion = $30 billion
Answer and Explanation:
The Preparation of the sales budget and the computation of the amount of total sales revenue for the year is shown below:-
<u>Sales Budget For Year 1 </u>
Quarter Number of Sale price (B) Sales Revenue
Units (A) (A) × (B)
1 5,000 $50 $250,000
2 5,250 $50 $262,500
(5,000 × 105%)
3 5,513 $50 $275,650
(5,250 × 105%)
4 5,789 $50 $289,450
(5,513 × 105%)
Total $1,077,600
Im not sure what you mean by that? be specific please and i will be sure to help ;)
Answer:
Merchandise inventory is classified on the balance sheet as a current asset.
Explanation:
Merchandise inventory refers to the price of products that are available for sale and they are classified as a current asset.
Current assets are the cash and the other assets that can be turn into cash within a year, like inventory as there is a good opportunity that the products are sold in that period which makes inventory to be included in the current assets on the balance sheet.
