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3 years ago

If the united states exports $100 worth of diamonds to the kingdom of mocha and imports $80 worth of bows and arrows it has a(n)

Business

1 answer:

pentagon [3]3 years ago

4 0

Answer:

Trade surplus

Explanation:

In business when export is greater than import in monetary terms the situation is called trade surplus.

Trade surplus is a favorable situation in economics. The economic condition of a country is assumed to be better when the country has a trade surplus. The opposite situation in which import is greater than export is called trade deficit.

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The following events apply to Guiltf Seafood for the 2018 fiscal year 1.

Black_prince [1.1K]

Answer:

Gulf Seafood

Horizontal Statements Model:

Balance Sheet Income Statement Cash Flows

Assets = Liabilities + Equity Revenue - Expenses = Income

a. $17,000 0 + $17,000 FA

b. $16,900 ($16,900) IA

$22,500 $22,500 $22,500 OA

c. ($10,300) ($10,300) ($10,300) OA

d. ($3,675) ($3,675) ($3,675) None

$25,525 = 0 + $25,525 $22,500 - $13,675 = $8,825

Explanation:

a) Data and Analysis:

a. Cash $17,000 Common stock $17,000

b. Equipment $16,900 Cash ($16,900)

Cash $22,500 Revenue $22,500

c. Cash ($10,300) Salaries Expense ($10,300)

d. Accumulated Depreciation ($3,675) Depreciation Expense ($3,675)

3 0

3 years ago

What role does government regulation serve in business?

ra1l [238]

Answer: The answer is "C"

Explanation: Every business has a rule that governs its' existence. The regulatory body ensures that the interest of the consumers and even that of the producers or business owners are conserved. The agency in always saddle with the responsibility of making sure that consumers' interests are ensured. The consumers are not allowed to be short changed. Also, the government regulatory body also ensures that the producers or the best business owners are protected against all forme of negative vices as well as making a conducive environment for their business to thrive. Therefore, the correct answer is to protect consumers and producers "C"

3 0

3 years ago

After preparing and posting the closing entries for revenues and expenses, the income summary account has a debit balance of $25

frosja888 [35]

If after preparing and posting the closing entries for revenues and expenses, the income summary account has a debit balance of $25,000. the entry to close the income summary account will be: a debit of $25,000 to owner capital.

<h3>Income summary</h3>

The debit balance of the amount of $25,000 in the income summary indicate that the company expenses is higher than the revenues generated by the company by $25,000.

Based on this the loss incurred will be taken out of the company owner's equity account by reducing it through a debit entry.

Therefore the income summary account has a debit balance of $25,000. the entry to close the income summary account will be: a debit of $25,000 to owner capital.

Learn more about income summary here:brainly.com/question/24498019

brainly.com/question/26252171

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8 0

2 years ago

You have 40 years left until retirement and you want to retire with $3,350,000 saved. You plan to deposit 400 dollars into the a

shusha [124]

Answer:

Explanation:

You can solve this using a financial calculator. I'm using TI BA II plus ;

N = 40*12 = 480 months

PV = -10,000

PMT = -400

FV = 3,350,000

then CPT I/Y = 0.856% (this is a monthly rate)

Next, to find the APR, multiply monthly rate by 12;

APR = 0.856% *12 = 10.275%

To <em>"enter percentages as decimals and round to 4 decimals"</em>, APR =0.1028

5 0

4 years ago

Job ______ is the practice of moving employees between different tasks to promote different work experience and learn a variety

slega [8]

Answer:

job rotation

Explanation:

5 0

3 years ago