Answer:
Transactions Exports Imports Net Export
A British scholar spends a year at <em>Increase Unchanged Increase</em>
Harvard University as a visiting
scholar.
Your parents go on a trip to Japan <em>Unchanged Increase Decrease</em>
in late March for the Cherry
Blossom season.
A Canadian buys a new Ford. <em>Increase Unchanged Increase</em>
The student bookstore at Yale <em>Unchanged Increase Decrease</em>
University sells books published
by Cambridge University Press.
A European family goes to Disney <em>Increase Unchanged Increase</em>
World in Florida for vacation
Note:
The export means selling of domestic goods and services into foreign nation.
The import means domestic purchases of goods and services from foreign nation.
Net export means the difference between the total export and total import of a nation.
The question that is in appropriate is that are intact cash receipts deposited daily in the bank?
Explanation:
In a company before performing the audit the document that is provided to the employers of the company before the audit is the internal control questionnaire
Intact cash receipts can be deposited daily in the bank and there will be major need for a company to deposit the money in the bank and hence this question is inappropriate
Answer
The answer and procedures of the exercise are attached in a microsof excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
The hypothesis that the buyer should test is the paired t-test for the mean difference.
Explanation:
We are given that a buyer for a manufacturing plant suspects that his primary supplier of raw materials is overcharging. To determine if his suspicion is correct, he contacts a second supplier and asks for the prices.
The data is given below;
Material Primary supplier Secondary supplier Difference
1 $55 $45 $10
2 $48 $47 $1
3 $31 $32 -$1
4 $83 $77 $6
5 $37 $37 $0
6 $55 $50 $5
7 $47 $40 $7
The hypothesis that the buyer should test is the paired t-test for the mean difference because we are interested in comparing the difference between the cost of raw materials charged by both the suppliers.
Answer:
export import net export
1. increases unchanged increases
2. unchanged increases decreases
3. unchanged increases decreases
4. unchanged increases decreases
5. increases unchanged increases
Explanation:
export would comprise of goods and services produced in the US that are been sold to foreign countries
Import would comprise of foreign produced goods and services that are been sold in the US
Net export would increase when export occurs and decrease when import occurs
Net export = exports – imports
When the French historian visits the US museum and the European family visits Disney, they are enjoying US services, thus export increases and net export increases
The purchase of books from Cambridge in UK, Panasonic camera and the visit to Japan constitutes import. These increases import and reduces net export
