Answer:
E) China, Canada, and Mexico were the three largest markets for U.S. goods exports.
Explanation:
As of 2017, the 10 largest markets for US exports were (measured in millions of dollars):
- Canada $282,265
- Mexico $243,314
- China $129,894
- Japan $67,605
- Great Britain $56,258
- Germany $53,897
- South Korea $48,326
- Netherlands $41,510
- Hong Kong $39,939
- Brazil $37,222
If a family spends $56,000 a year for living expenses. If prices increase 5 percent a year for the next four years, the amount that the family need for their annual living expenses after four years is $68,068.35.
<h3>
Annual living expenses</h3>
Using this formula
Amount=Amount spent× (1+ rate)^ Number of years
Let plug in the formula
Amount=$56,000× (1+0.05)^4
Amount=$56,000× (1.05)^4
Amount=$68,068.35
Therefore If a family spends $56,000 a year for living expenses. If prices increase 5 percent a year for the next four years, the amount that the family need for their annual living expenses after four years is $68,068.35.
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Answer:
A company comparison should not be made with industry averages if the company does not clearly fit into any one industry.
Explanation:
In Business management, it is important to note that many companies will not clearly fit into any one industry.
Hence, when using industry averages, it is often necessary to use an industry that the firm best fits rather than randomly picking up any industry. Additionally, the analysis of an organization's financial statements would be more meaningful if the results are compared with industry averages and with results of competitors.
Any financial service sought after, should use its best judgment by analyzing and identifying which industry the firm best fits.
Answer:
c. 25 percent.
Explanation:
The computation of the reserve requirement percentage is shown below:
Given that
Deposits made = $8,000
Loans = $6,000
So the required reserve is
= deposits made - loans
= $8,000 - $6,000
= $2,000
Now the required reserve is
= $2,000 ÷ $8,000
= 25%
Hence, the correct option is c. 25 percent
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
Following are the solution to this question:
Explanation:
Calculating the cost of the product sold:
FIFO:
June 1: 23 units costing of 
each 
Aug 27: 23 units costing of each 
13 units costing of 
each 
Total cost of product sold
LIFO:
June 1: 23 units costing of each
Aug 27: 36 units costing of 
each = 540
Total cost of product sold 
Average cost:
June 1: 23 units costing of each
Aug 27: 36 units costing of 
each 
Total cost of product sold 
