It appears that both I and Shin Lee are acting ethically! =)
Answer:
B) 30 BILLION Canadian dollars.
Explanation:
The balance of payments (BOP) formula is:
BOP = current account + financial account + capital account + balancing item
BOP always = 0
so if Canada's financial account is -$40 billion, its capital account is $10 billion, and there is no balancing item, then:
0 = current account - $40 billion + $10 billion
current account = $40 billion - $10 billion = $30 billion
Answer:
See explanation section
Explanation:
Municipal security from which an investor will receive a return on investment from an initial principal is called a capital appreciation bond. However, in this security, the return on investment will be reinvested further until the security matures at a specific rate. The primary purpose of the CABs is to permit the local authority to generate revenue. Due to the financing in the innovative project without increasing the tax is one of the controversial ways for local governments to finance projects. Another controversial way is to owe investors more than what they acquired.
Answer:
$35,000
Explanation:
Given that,
Revenues earned:
cash = $32,000
on account = $18,000
Expenses incurred:
cash = $5,000
on account = $10,000
Net Income:
= Income - Expenses
= (Cash revenue + account revenue) - (cash expenses + Expenses on account)
= ($32,000 + $18,000) - ($5,000 + $10,000)
= $35,000
Therefore, the net income for the month of May is $35,000.