Answer:
Option (d) is correct.
Explanation:
The information given in the question clearly shows that the value of goods and services U.S imported from Australia is greater than the value of goods and services Australia imported from the U.S. This exchange of goods and services between these two nations also shows that exports of Australia towards U.S. are greater than the exports of U.S. towards the Australia.
Balance of trade or Trade Balance or Net exports:
= Exports - Imports
Since Australia's Exports are greater than its imports, so Australia has a positive net exports and a trade surplus and U.S's Exports are less than its imports, so U.S has a negative net exports and a trade deficit with Australia.
Answer:
The total revenue for the month of June is $22500. Option a is the correct answer.
Explanation:
The revenue will be calculated under the accrual basis of accounting which states that a period's revenue should match that period's expenses and these are to be recorded in their respective periods. Under this method, both the cash and the credit sales are recognized as revenue in the period to which they relate. The revenue for the month of June will be as follows,
Total Revenue = Cash sales + Credit sales
Total revenue = 8100 + 14400
Total revenue = $22500
It means that the demand for a good or service is greater than the availability of the good or service. Therefore, scarcity can limit the choices available to the consumers who ultimately make up the economy. Scarcity is important for understanding how goods and services are valued.
<h3>How has scarcity forced you to make economic choices?</h3>
Scarcity forces all of us to make choices by making us decide which options are most important to us. The principle of scarcity states that there are limited goods and services for unlimited wants. Thus, people need to make choices in order to satisfy the wants that are most important to them.
<h3>What is scarcity of resources?</h3>
Scarcity in economics refers to when the demand for a resource is greater than the supply of that resource, as resources are limited. Scarcity results in consumers having to make decisions on how best to allocate resources in order to satisfy all basic needs and as many wants as possible.
To learn more about Scarcity , refer
brainly.com/question/1888324
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Answer:
b. $5,870
Explanation:
Data given in the question
Cash balance per books, May 31 $5,400
Deposits in transit $375
Notes receivable and interest collected by bank $650
Bank charge for check printing $40
Outstanding checks $2,400
NSF check $140
The computation of the adjusted cash balance per books is shown below:
= Cash balance per books + Notes receivable and interest collected - Bank charges - NSF check
= $5,400 + $650 - $40 - $140
= $5,870
