1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Firlakuza [10]
3 years ago
7

The United States is___. A. the leading exporter, but not the leading importer in the world B. the leading importer and exporter

in the world. C. The leading importer, but not the leading exporter in the world D. Not the leading importer or exporter in the world
Business
2 answers:
Simora [160]3 years ago
7 0

C. The leading importer, but not the leading exporter in the world

US is only the third largest exporter but it is the largest exporter

bogdanovich [222]3 years ago
4 0

Answer:

C. The leading importer, but not the leading exporter in the world

Explanation:

The Leading Importer

The United States is the world's number one importer of goods. Based on data from the CIA factbook. The United states import figures was $2,352 billion[2017 estimate]. Its top imports include but not limited to industrial supplies, automotive vehicles, computers, food, beverages, capital goods, accessories and consumer goods.

Ironically, a sizeable chunk of this imports came from China which ranks as the second largest importer in the world.

Not the Leading Exporter

In term of export, the United States came second next to China with exports figures of $1,576 billion according to 2017 estimate. China came first. It is noteworthy that the United States was the world's top exporter prior to 2013.

You might be interested in
What are some common reasons to keep records
tangare [24]
It’s very important to your business. Good records will help you do the following: Monitor the progress of your business.
3 0
2 years ago
Robert is a single taxpayer who has AGI of $145,000 in 2019; his taxable income is $122,000. What is his federal tax liability f
PolarNik [594]

Answer:

His tax liability for 2019 (due April 2020) is $23,359.50

Explanation:

Since Robert s a single filer, he falls under the fourth tax bracket: income between $84,201 to $160,725. His marginal tax rate is 24%, and his total taxes due are as following:

<u>tax rate</u>         <u>earnings</u>                          <u>taxes due</u>

10%            $0 – $9,875                        $987,50

12%         $9,875 – $40,125                  $3,630

22%        $40,126 – $85,525                $9,988

24%        $85,526 – $122,000              $8,754

                    total                              $23,359.50      

*Option C is the closest one, but it used the 2018 tax brackets, not the 2019.

7 0
3 years ago
The rules of debit and credit for expense accounts are the same as the rules for asset accounts. true or false
zepelin [54]
True hope this helps!!
8 0
3 years ago
Ordinary and necessary business expenses are deductible only to the extent they are also reasonable in amount.
marysya [2.9K]

Answer:

True

Explanation:

According to the IRS:

  • ordinary expenses are expenses that are common and accepted in a company's trade or industry.
  • necessary expenses are expenses that help your company carry on its normal business.

Tax deductible expenses must be ordinary, necessary, and reasonable.

8 0
3 years ago
Genesis Scents has two divisions: the Cologne Division and the Bottle Division. The Bottle Division produces containers that can
ale4655 [162]

Answer:

transfer price 3.31

Explanation:

the minimun transfer price should be equal to the marginal cost:

In this case: variable manufacturing cost + shipping cost.

variable cost 3.1

shipping cos 0.21

marginal price 3.31 = cost of produce an additional unit = transfer price

there is no additional fixed cost so this should be the transfer price.

5 0
2 years ago
Other questions:
  • Farmco just paid its annual dividend of $.32 per share. The dividends are expected to grow at 25 percent annually for the next 4
    6·1 answer
  • Competing in one or more countries or regions of the world causes strategy-making to be more complex because of
    7·1 answer
  • On January 1, 2017, the ledger of Accardo Company contains the following liability accounts.
    5·1 answer
  • Assume that the risk-free rate is 3.5% and that the market risk premium is 4%.What is the required rate of return on a stock wit
    11·1 answer
  • A student who is interning with your company made some updates to the music video project schedule. Unfortunately, he is still l
    9·1 answer
  • On October 31, 2018, the bank statement shows that your company has $13,456.73 in its checking account. You are aware of three o
    13·2 answers
  • A company’s fixed operating costs are $430,000, its variable costs are $2.95 per unit, and the product’s sales price is $4.50. W
    14·1 answer
  • Frances Newberry is the payroll accountant for Pack-It Services of Jackson, Arizona. The employees of Pack-It Services are paid
    12·1 answer
  • Jonah tells his friend Derek that he would like to go parasailing. Derek is very enthusiastic and suggests that they try an outf
    5·1 answer
  • suppose that the publisher of this textbook sets the price of the textbook to $90, and the current resale value is $60. at this
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!