Answer:
A. The export and import of goods and services
Explanation:
The current account refers to the trade balance of a country. It is the record of a country's transactions with the rest of the world.
Current account includes imports and exports of goods and services, payments made to foreign investors, and transfers such as foreign aid.
The current account of a country can either be a surplus (positive) or a deficit (negative).
Surplus current account is when a country's export is greater than its import.
Deficit current account is when a country's export is less than its import.
Import refers a situation where a country buys goods from another country.
Export refers to a situation where a country sells to other countries of the world.
The current account is a part of the balance of payments, the other part is the capital or financial account.
Financial/capital account measures cross-border investments in financial instruments and changes in central bank reserves.
Honestly you should answer this one yourself it seems like a question that contains your own answer
Answer and Explanation:
The Journal entry is shown below:-
Bad debts expense Dr, $2,000
To Accounts receivable-Hopkins $2,000
(Being write off is recorded)
Here we debited the bad debt expenses as it increased the expenses and we credited the accounts receivable as it reduced the assets so that the proper posting could be done
Answer:
A) True
Explanation:
The Homestead strike was a combination of both a company lockout (the company didn't allow workers to work) and a union strike (where the workers did't want to work). It was a power struggle between one of the darkest and sinister monopolists of the 19th century, Carnegie Steel (led by Andrew Carnegie) and the most powerful workers' union in America, the Amalgamated Association of Iron and Steel Workers.
In 1889 the union won, but Carnegie wanted revenge, so in 1892, he demanded harsher conditions after the initial contract was over and when the union said no, a lockout started. It was bloody and messy, with 16 dead. Carnegie's private army of 300 guards faced 10,000 strikers and things turned ugly soon. The Pinkertons (Carnegie's troops) were "defeated" but too many lives were lost.
Since Carnegie's little was defeated, he asked a bigger fish to help him and the governor sent 8,000 soldiers to arrest any union striker that opposed Carnegie. Finally, Carnegie's millions and corrupt politicians won, and the workers were forced to accept lower wages and more working hours. Those who rejected the forced deal were sent to prison.
Answer:
The value of the stock at the given discount rate is $9.5
Explanation:
Here, we are interested in calculating the value of the stock at the given discount rate.
To do this, we employ a mathematical formula;
Value of the stock = Expected dividend ÷ (discount rate-growth rate)
According to the question, we identify the following;
Expected dividend = $1.58
Growth rate(negative) = -1.15% = -1.15/100 = -0.0115
Discount rate = 15.5% = 15.5/100 = 0.155
Plugging these values into the equation, we have;
Value of the stock = 1.58 ÷ (0.155 - (-0.0115)
Value of the stock = 1.58/(0.155 + 0.0115)
Value of the stock = 1.58/0.1665 = $9.5
