Importing
What is Importing?
An import is an item or service that is purchased outside of its nation of origin. International trade is made up of imports and exports. A country has a negative trade balance, or a trade deficit, if the value of its imports exceeds the value of its exports. Since 1975, the US has had a trade imbalance. The U.S. Census Bureau estimates that in 2019, the deficit was $576.86 billion.
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Answer:
"The budgeted cost of goods sold" for June would be $5,640,000
Explanation:
Sales department budget for June = 220,000 units
Less-Opening balance as on 1st June = 72,000 units
Add-Closing balance as on 30th June = 40,000 units
No of unit manufactured = Sales department budget for June - Opening balance as on 1st June + Closing balance as on 30th June
= 220,000 - 72,000 + 40,000
= 188,000 units
Cost per unit = $30
Budgeted cost of manufactured = 188,000 × $30 = $5,640,000
Find out how much you have look at what clothing you need then look for the best prices and try to find some discounts so you can save some money so just maby you can get another product with the money you saved.
Answer:
b) households will save more because they will expect higher taxes in the future
Explanation:
The Ricardian Equivalence proposition is one of the pillars of classical economics, which sadly has proven to not work very well in the real world. According to classical economists, and their quantity theory of money plus the Ricardian Equivalence, recessions do not exist because it is impossible for them to exist. But in the real world, that is not true. Recessions exist, e.g. the US is in a recession since the first quarter of 2020 (even before the current health crisis). When real people lose their jobs or are afraid to lose their jobs, their spending habits change.
On the other hand, when real people get a tax refund or tax cut, they generally spend it, they will not save it to pay future taxes. That is why car sales increase during February after checks form the IRS are handed out.
Theoretically, classical economics is great. The problem is that we are human beings, and as such, our behavior cannot be controlled or determined by what we should or should not do. This is exactly why the velocity of money (quantitative theory of money) is not constant.
Answer:
The percentaje increase in sales is 10%
Explanation:
To calculate the percentage increase in sales from 2013 to 2014 yo need to calculate the differential in sales from year to year using 2013 as a base.
You need to use the following formula:
Sales differential: [(year1-year0)/year0]*100
In this exercise:
Sales differential= [(770-700)/700]*100=10%
2014 sales increased by 10% compared to 2013 sales.
