Answer:
current account balance = $271.8 billion
Explanation:
given data
exported goods worth = $312 billion
exported services worth = $198 billion
imported goods worth = $525 billion
imported services worth = $255 billion
sent famine relief to Africa = $1.2 billion
received = $3 billion
to find out
current account balance in Vesey
solution
we know that current account balance as
current account balance = total expenses - total revenue .............1
here
total expenses are = $525 + $255 + $3 = $783 billion
and total revenue = $312 + $198 +$1.2 = $511.2 billion
so from equation 1
current account balance = $783 billion - $511.2 billion
current account balance = $271.8 billion
Answer:
something one cannot live without
Answer:
D) Only $7,000 of the office expenses can be deducted; the remaining $1,000 can be carried forward to future tax years.
Explanation:
Since Gene's profit before home expenses is only $7,000, he can only deduct up to $7,000 for this year. That way his net profit will be $0. The remaining $1,000 must be carried forward so that he can use them in the future, probably next year he will add them to his deductions. If a business losses money, the government pay you anything, taxes only work one way, you have to pay.
Answer: It will take Nico approximately 12 years
Explanation:
Payments = $40000
r = 12%
Future Value = 1000 000
Future Value annuity = Payments((1 + r)^n - 1)/r
1000000 = 40000((1 + 0.12)^n - 1)/0.12
40000((1.12)^n - 1) = 1000000 x 0.12
(1.12)^n -1 = 120000/40000
(1.12)^n = 3 + 1
nlog(1.12) = log(4)
n = log(1.12)/log(4) = 12.232510748
n ≈ 12 years
It will take Nico approximately 12 years
Answer:
10.71%
Explanation:
The computation of the required rate of return on this preferred stock is shown below :
The Required return on preferred stock is
= Dividend ÷ market value of preferred stock
= 7.50 ÷ $70
= 10.71%
By dividing the dividend from the market value of preferred stock we can get the Required return on preferred stock and the same is to be considered
therefore we ignored the par value i.e $60 as this is not relevant