If a U.S. non-profit makes a large gift to an Israeli agency, how is it handled in the balance of payments?
What will be an ideal response?
Answer: The gift is handled as an import of goodwill. If a domestic non-profit gives a gift to a foreign agency, the value of the gift is a debit (an import of goodwill) and the value of the gift is a credit on the domestic balance of payments because it results in receipt of funds from foreigners.
You might also like to view...
Marie recently became a managing partner at her law firm. Though her job has changed, she still needs to have the necessary ______ skills to advise and review the contracts of the real estate attorneys that she manages.
A. performance B. technical C. conceptual D. human E. physical
A customer has agreed to buy a multimillion-dollar oil well drilling platform from Tara's company. As a salesperson, what are the three important points that Tara needs to remember as she gets her buyer to sign on the form and formalize his commitment to buy?
What will be an ideal response?
Three widely used methods of comparing investment alternatives are payback period, net present value, and rate of return on average investment.
Answer the following statement true (T) or false (F)
Which of the following is an intangible component of a car repair shop?
A. Customer waiting area B. Replacement parts C. Barrel for storing recyclable motor oil D. The training the mechanic has received E. Employee uniforms