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Cerrena [4.2K]
3 years ago
10

When the price level in the united states falls relative to the price level of other​ countries, ________ will​ fall, ________ w

ill​ rise, and​ ________ will rise.
a. net​ exports; imports; exports
b. ​imports; exports; net exports
c. ​exports; imports; net exports
d. net​ exports; exports; imports?
Business
1 answer:
Natalija [7]3 years ago
3 0
The answer is b.When the price level in the United States falls relative to the price level of other countries, imports will fall, exports will rise and net exports will rise.In this case, the net exports will be computed as the Country's aggregate total exports minus the aggregate value of the total imports.
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Why is it so important to have a checking account?
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2 years ago
Adcock Company issued $600,000, 9%, 20-year bonds on January 1, 2020, at 103. Interest is payable annually on January 1. Adcock
FromTheMoon [43]

Answer: Please find answers in explanation column.

Explanation:

a. Journal to record The issuance of the bond

Date Account Titles  Debit              Credit  

Jan. 1 Cash               $618,000  

    9%  Bonds payable                             $600,000  

      Premium on Bonds payable             $18,000

Calculation

Cash = 600,000 x 103% =$618,000

   

b. The accrual of interest and the premium amortization on December 31, 2020

Date Account Titles     Debit             Credit  

Dec. 31 Interest expense    $53,100  

Premium on Bonds payable     $900  

       Interest payable                             $54,000

Calculation

Interest = 600,000 x 9% = $54,000

Premium on bonds = 18,000 /20 = $900

Interest expense=$54,000- $900=$53,100

c.Journal to record  The payment of interest on January 1, 2021.     Date Account Titles           Debit       Credit  

Jan. 1 Interest payable        54000  

                    Cash                                     54000  

d) Journal to record The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.  

Date Account Titles and Explanation Debit      Credit  

Jan. 1, 2 Bonds payable                      $600,000  

       Cash                                                            $600,000

5 0
3 years ago
Our newly constructed retail space is projected to need a face lift in 7 years to keep up with changing tastes. Our projections
Rudiy27

Answer:

Annual deposit = $326,265.88  

Explanation:

<em>The amount to be set aside annually to accumulate $2.5 million in 7 years time ca n be worked out using the future value of an ordinary annuity formula.</em>

The formula is given as follows:

FV = A×( (1+r)^n - 1)/r).

A= FV/ ((1+r)^n - 1)/r

FV - Future value

A- annual deposit

n- number of years

r- rate of return

FV - $2.5 million

A- ?

n- 7

A=2,500,000 ÷ (1.03^7 - 1)/0.03 =  326,265.88  

Annual deposit = $326,265.88  

4 0
3 years ago
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