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3 years ago

Expalin how foreign employment contributes to spurring nation economy

1 answer:

5 0

1) Country can get lots of foreign currency as the remittance which can be used to establish industries in the country. Such industries provide job opportunities in the country. 2) People who go overseas to work can learn different skills and technologies which can be beneficial for the development of our own country.

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How do individuals contribute to the circular flow of economic activity?A) Businesses buy goods and services from individuals.B)

ZanzabumX [31]

Answer:

Explanation:

Individuals provide labor for factor markets and buy goods in product markets.

Market Activity is performed as two cycles moving in opposite directions. In one direction, there is a flow of goods and services from individuals to businesses and back again. This concept is simplified in that as laborers, we go to work to make things or provide services that people want.

6 0

3 years ago

Meir, Benson and Lau are partners and share income and loss in a 3:2:5 ratio. The partnership's capital balances are as follows:

sertanlavr [38]

Answer:

Journal Entry

a) Debit Capital- Benson $138,000 Credit Capital-North $138,000

b) Debit Capital- Benson $138,000 Credit Capital-Schmidt $138,000

c) Debit Capital-Benson $138,000 Credit Bank $138,000

d) Debit Capital-Benson $138,000 Debit Capital-Meir $28,500 Debit Capital-Lau $47,500 Credit Bank $214,000

e) Debit Capital-Benson $138,000 Debit Accumulated Depreciation $23,000 Credit Cash $30,000 Credit Equipment $70,000 Credit Capital-Meir $22,875 Credit Capital-Lau $38,125

Explanation:

a and b are the same with the same amount of capital transferred from one partner to another partner, it is just a matter of derecognizing Benson and recognize North or Schmidt.

c) Partner Benson is paid cash her capital,

d) decrease in meir's Capital = 214,000-138,000 = 76,000*3/8= $28,500

Decrease in Lau's Capital Account = $76,000 5/8 = 47,500

Excess funds are taken from capitals or income summary account of the partnership which will affect the capitals of the remaining partners

e) Meir's Capital = $138,000 -(70,000-23,000+30,000)

= $138,000-77,000

= $61,000*3/8 =$22,875

Lau = $61,000*5/8 =38,125

The Capital Accounts of the remaining partners will increase because of the gain made on buying out the leaving partner.

8 0

3 years ago

GenBrands, a foreign maker of washing machine tubs and pumps, sells its parts to several washing machine manufacturers in the Un

Leya [2.2K]

This is called private branding (or private labeling)

For better understanding, we have to understand what the term private branding (or private labeling) means

Private branding (or private labeling) is simply known as when a company produces a particular product and thereafter sells the product to a retailer who later on resells it after registering or branding it under its own name.

An example is when Povlix watch maker make watches for Pinnacle to sell as its Nacles watch.

A brand is often regarded as the name,design etc that set apart an organization or product from other companies (mostly its rivals) in the eyes of the customer.

From the above, we can therefore say that the answer that this is called private branding (or private labeling) is correct

Learn more about private branding (or private labeling) from:

brainly.com/question/17372249

6 0

3 years ago

If your nominal income rose by 5.3 percent and the price level rose by 3.8 percent in some year, by what percentage would your r

dimulka [17.4K]

Answer:

1. Increase in real income percentage = 1.5%

2. Rate of inflation = 1.7%

Explanation:

For computing the percentage of how much real income would increase, we have to apply the formulas which are shown below:

The increase in real income percentage would be equal to

= increase in nominal income percentage - increase in price level percentage

= 5.3% - 3.8%

= 1.5%

And, the rate of inflation equals to

Nominal income - the rate of inflation = Real income

2.8% - rate of inflation = 1.1%

So, the rate of inflation = 1.7%

4 0

2 years ago

Sierra offers to sell alyssa a scottish terrier puppy for $800. alyssa and sierra do not discuss the dog's ancestry, but alyssa

Alika [10]

The answer in this question is A. Probably not, because Alyssa made a mistake about the dog's value, not a mistake about a material fact. Alyssa cannot rescind the contract based in her mistake because alyssa made a mistake about the dog's value not a mistake about a material fact.

3 0

2 years ago

Expalin how foreign employment contributes to spurring nation economy​

Expalin how foreign employment contributes to spurring nation economy