The balance of trade plays a central role in determining the balance of payments.
Answer the following statement true (T) or false (F)
True
Balance of payments is a measure of the total flow of money into or out of a country. Clearly, the balance of trade plays a central role in determining the balance of payments. See 3-3: Global Trade: Taking Measure
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Stephen wants to ensure that his goals for his department are relevant. According to the text, he should ask ______.
A. who else is doing this? B. when will it be completed? C. how does this fit in with the broader mission of the organization? D. how will we accomplish this?
Which of the following products is most likely to be marketed using an undifferentiated approach?
A. Bicycle B. Computer C. Notebook D. Seasoning salt E. Oscillating fan
Falcon Environmental Services, Inc. provides consulting services to power plants . The consulting firm's contribution-margin ratio is 15 percent, and its annual fixed expenses are $135,000. The firm's income-tax rate is 35 percent.Required:1.Calculate the firm's break-even volume of service revenue.2.How much before-tax income must the firm earn to make an after-tax net income of $65,000?3.What level of revenue for consulting services must the firm generate to earn an after-tax net income of $65,000?4.Suppose the firm's income-tax rate rises to 45 percent. Explain what will happen to the break-even level of consulting service revenue.
What will be an ideal response?
Hampton Company is trying to decide whether to seek liquidation or reorganization. Hampton has provided the following balance sheet:Hampton CompanyBalance SheetFebruary 23, 2018Current Assets: Cash$1,000 Investments 28,000 Accounts receivable 46,500 Inventory 72,000 Prepaid expenses 4,200 $151,700 Plant & Equipment Land$65,000 Building 180,000 Equipment 75,300 320,300 Intangibles 78,000 Total assets $550,000 Current Liabilities: Accounts payable$127,000 Accrued expenses 99,000 Notes payable (secured by inventory) 68,000 $294,000 Long-term Liabilities Notes payable (secured by land and
building) 300,000 Stockholders' Equity Common stock$100,000 Retained earnings (deficit) (144,000) (44,000)Total Liabilities and Stockholders' Equity $550,000 ??Additional information is as follows:? The investments are currently worth $13,000. ? It is estimated that $32,000 of the accounts receivable are collectible. ? The inventory can be sold for $74,000. ? The prepaid expenses and the intangible assets have no net realizable value. ? The land and building are currently valued at $250,000. ? The equipment can be sold for $60,000. ? Administrative expenses (not yet recorded) are estimated to be $12,500. ? Accrued expenses include $17,000 of salaries payable ($11,000 to one employee and $3,000 each to two other employees). ? Accrued expenses include $7,000 of unpaid payroll taxes. Prepare a schedule to show the amount of total assets available to pay liabilities with priority and unsecured creditors. What will be an ideal response?