One major difference between a nation's balance of trade and its balance of payments is that

1 answer:

4 0

The balance of commerce is the difference in the value of exports and imports of only visible items. The balance of trade adds imports and exports of goods alone, clearance items. A balance of trade of a country can be favirable or infavirable but BoP regularly balance

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Answer:

$1.01 billion

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The computation of the amount for advertising based on projected sales is shown below:

= Advertising expense ÷ sales × projected sales in next year

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