Homework Answers
Answer : Option C is correct. As in the year 4 , Mengia is a net lender as its lending has been increased where as it shows a creditor nation in an economy as it is a net national investment has been generated.
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The country of Mengia came into existence at the beginning of year 1. Given the information...
The official settlements account of a country measures borrowing and lending between the country's residents and...
The official settlements account of a country measures borrowing and lending between the country's residents and foreigners. the net increase or decrease in the country's official reserves. the receipts from goods and services bought and sold and transfers to and from foreigners. net transfer payments between the country's citizens and foreigners. Component Amount (billions of dollars) Gross investment 1300 Personal consumption expenditure 1475 Depreciation 25 Government expenditure on goods and services 1315 U.S. imports 260 U.S. exports 249 Compensation of...
The following table shows the supply and demand for loanable funds schedule in a small island...
The following table shows the supply and demand for loanable funds schedule in a small island country in the Caribbean at the beginning of 2016. By the end of the year however, the demand for loanable funds increases by $2 billion at each level of the real interest rate and the supply of loanable funds increased by $1 billion at each interest rate. Predict the conditions of the loanable funds market in this country, under the following two scenarios: Scenario...
1.Each year, a magazine publishes a list of the richest people in a country. In the...
1.Each year, a magazine publishes a list of the richest people in a country. In the last year’s issue, the six richest people and their wealth (to the nearest billion dollars) are as shown in the following table. Consider these six people a population of interest. Person Wealth ($ billions) A 66 B 57 C 43 D 38 E 38 F 32 a. Calculate the mean wealth, µ, of the six people. (Round to one decimal place) b. For samples of size 2,...
1. Given the information in Table 1, in a two country and two-product Ricardian model, which...
1. Given the information in Table 1, in a two country and two-product Ricardian model, which of the following statements is (are) true? Table 1 Unit Labour Requirements T-shirt Brandy 4 hours 12 hours 6 hours 12 hours United States France A) The pretrade price ratio in France is 1 brandy - 2 T-shirts. B) The US pretrade price ratio is 1 brandy - 4 T-shirts. C) The US pretrade price ratio is 1 T-shirt = 1/3 brandy. D) The...
1. Nationals of Nigeria own hotels in Morocco and they transferred $50 milion in profits back...
1. Nationals of Nigeria own hotels in Morocco and they transferred $50 milion in profits back to Nigeria in 2019. Nigerian tourists spent $90 milion in Morocco in the same year. On the other hand, Nigerians bought new hotels in Morocco for $160 million in 2019. Enter the above transactions in the appropriate sections of the current account and financial account of the balance of paymets tables of Nigeria and Morocco for 2019. 2. a) Are there foreign direct investments...
Exercise 7-20 Presented below is information for Cullumber Company. 1. 2. 3. Beginning-of-the-year Accounts Receivable balance...
Exercise 7-20 Presented below is information for Cullumber Company. 1. 2. 3. Beginning-of-the-year Accounts Receivable balance was $18,700. Net sales (all on account) for the year were $106,300. Cullumber does not offer cash discounts. Collections on accounts receivable during the year were $88,700. Prepare (summary) journal entries to record the items noted above. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount...
ullivan's Island Company began operating a subsidiary in a foreign country on January 1, 2017, by...
ullivan's Island Company began operating a subsidiary in a foreign country on January 1, 2017, by investing capital in the amount of 55,000 pounds. The subsidiary immediately borrowed 145,000 pounds on a five-year note with 10 percent interest payable annually beginning on January 1, 2018. The subsidiary then purchased for 200,000 pounds a building that had a 10-year expected life and no salvage value and is to be depreciated using the straight-line method. Also on January 1, 2017, the subsidiary...
The following information applies to the questions displayed below) at January 1 (beginning of its fiscal...
The following information applies to the questions displayed below) at January 1 (beginning of its fiscal year), Conover, Inc., a financial services consulting firm, reported the following account balances in thousands of dollars, except number of shares and par value per shares $ $ Cash Short-term investments Accounts receivable Supplies Prepaid expenses Office equipment Accumulated depreciation office equipment 1.970 Accounts payable 480 Uneamed revenue 3,640 Salaries Payable 220 Short-term note payable 4,790 Common stock $1 par value 1600 Additional paid...
Exercise 7-20 Presented below is information for Flint Company. 1. 2. 3. Beginning-of-the-year Accounts Receivable balance...
Exercise 7-20 Presented below is information for Flint Company. 1. 2. 3. Beginning-of-the-year Accounts Receivable balance was $20,400. Net sales (all on account) for the year were $103,100. Flint does not offer cash discounts. Collections on accounts receivable during the year were $87,500. Prepare (summary) journal entries to record the items noted above. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically in manually.) No. Account...
Sullivan's Island Company began operating a subsidiary in a foreign country on January 1, 2017, by...
Sullivan's Island Company began operating a subsidiary in a foreign country on January 1, 2017, by investing capital in the amount of 74,000 pounds. The subsidiary immediately borrowed 175,000 pounds on a five-year note with 5 percent interest payable annually beginning on January 1, 2018. The subsidiary then purchased for 249,000 pounds a building that had a 10-year expected life and no salvage value and is to be depreciated using the straight-line method. Also on January 1, 2017, the subsidiary...
The following table shows the supply and demand for loanable funds schedule in a small island country in the Caribbean at the beginning of 2016. By the end of the year however, the demand for loanable funds increases by $2 billion at each level of the real interest rate and the supply of loanable funds increased by $1 billion at each interest rate. Predict the conditions of the loanable funds market in this country, under the following two scenarios: Scenario...
1. Given the information in Table 1, in a two country and two-product Ricardian model, which of the following statements is (are) true? Table 1 Unit Labour Requirements T-shirt Brandy 4 hours 12 hours 6 hours 12 hours United States France A) The pretrade price ratio in France is 1 brandy - 2 T-shirts. B) The US pretrade price ratio is 1 brandy - 4 T-shirts. C) The US pretrade price ratio is 1 T-shirt = 1/3 brandy. D) The...
1. Nationals of Nigeria own hotels in Morocco and they transferred $50 milion in profits back to Nigeria in 2019. Nigerian tourists spent $90 milion in Morocco in the same year. On the other hand, Nigerians bought new hotels in Morocco for $160 million in 2019. Enter the above transactions in the appropriate sections of the current account and financial account of the balance of paymets tables of Nigeria and Morocco for 2019. 2. a) Are there foreign direct investments...
Exercise 7-20 Presented below is information for Cullumber Company. 1. 2. 3. Beginning-of-the-year Accounts Receivable balance was $18,700. Net sales (all on account) for the year were $106,300. Cullumber does not offer cash discounts. Collections on accounts receivable during the year were $88,700. Prepare (summary) journal entries to record the items noted above. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount...
The following information applies to the questions displayed below) at January 1 (beginning of its fiscal year), Conover, Inc., a financial services consulting firm, reported the following account balances in thousands of dollars, except number of shares and par value per shares $ $ Cash Short-term investments Accounts receivable Supplies Prepaid expenses Office equipment Accumulated depreciation office equipment 1.970 Accounts payable 480 Uneamed revenue 3,640 Salaries Payable 220 Short-term note payable 4,790 Common stock $1 par value 1600 Additional paid...
Exercise 7-20 Presented below is information for Flint Company. 1. 2. 3. Beginning-of-the-year Accounts Receivable balance was $20,400. Net sales (all on account) for the year were $103,100. Flint does not offer cash discounts. Collections on accounts receivable during the year were $87,500. Prepare (summary) journal entries to record the items noted above. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically in manually.) No. Account...
Sullivan's Island Company began operating a subsidiary in a foreign country on January 1, 2017, by investing capital in the amount of 74,000 pounds. The subsidiary immediately borrowed 175,000 pounds on a five-year note with 5 percent interest payable annually beginning on January 1, 2018. The subsidiary then purchased for 249,000 pounds a building that had a 10-year expected life and no salvage value and is to be depreciated using the straight-line method. Also on January 1, 2017, the subsidiary...
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