Savings = Investment +Net exports ( where Net export = Export - Imports)
= 100 + 50-70
= $80 billion
Imports are goods and services purchased from the rest of the world by residents of a country rather than domestically produced items. Exports are goods and services produced in the United States but sold to customers in other countries.
Total imports and total exports are critical components in calculating a country's GDP. They are categorized as "Net Exports." Net exports are calculated by subtracting the total value of a country's exports from the total value of its imports. A trade surplus is indicated by a positive net exports figure.
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Answer:
True.
Percentage-of-receivables approach (balance sheet approach) states that the amount of doubtful accounts at the end of a reporting period can be calculated by applying a percentage of estimated uncollectible amounts to gross accounts receivable
Answer:
November 1
Explanation:
As per generally accepted accounting principles (GAAP), when the goods or services are delivered the revenue should be recorded and the transaction done in all respects.
The principle of revenue recognition occurs when the revenue is realized or earned, whether cash is obtained or not and it also meets the accounting accrual basis. Realizable here means that the consumer receives the product but the payment is made later.
Therefore, the revenue should be recorded on November 1
I believe its the right sided button.
The middle button would be to scroll and the left would be to select something.
Answer:
The correct answer is letter "C": the sum of private and external costs.
Explanation:
<em>Neoclassical economics</em> -based on supply and demand as market drivers- define the social costs of transactions as the sum of private costs inherent in the operation and the costs consumers set because of being exposed to the transaction or the external costs. This cost differs from the <em>private costs</em> which are the expenditures a producer incurs in the production of a good or service.
