All categories

2 years ago

A situation occurring when the value of a nation’s exports exceeds the value of its imports is called a trade surplus.

Business

2 answers:

zimovet [89]2 years ago

8 0

Answer:

True

Explanation:

A trade surplus refers to a positive balance of trade which means that the exports of the country are higher than the imports. This indicates a favorable situation for the country because the sells of products and services made in the country to the foreign markets have more value than the goods bought in the foreign markets from consumers in the nation. This results in having more control over the currency and reducing the risk of losing its value. Because of this, the statement is true.

Dafna11 [192]2 years ago

6 0

Answer:

hey matthew

Explanation:

Is TRUE.

Trade Surplus. A trade surplus is an economic measure of a positive balance of trade, where a country's exports exceed its imports. A trade surplus occurs when the result of the above calculation is positive. A trade surplus represents a net inflow of domestic currency from foreign markets.

You might be interested in

Certain adjusting entries made at the end of an accounting period are reversed at the beginning of the following period Required

frutty [35]

Answer:

No reversing entry is needed as they are all posted correctly

Explanation:

1. Rent Expense 1,000 Prepaid Rent 1,000

This entry is correct because it rent had been prepaid, then the entry would have been to debit 'Prepaid Rent'and credit Cash/Bank. However at the end of the period when rent is accrued, you debit 'rent expense' and credit 'prepaid rent'

2.Taxes Expense 1,750 Taxes Payable 1,750

This entry is correct because at the end of the period when Tax is accrued, you debit 'Tax expense' and credit 'Tax payable' because tax is always paid much later in a future period not the current period

3. Deferred Rent Revenue 1,550 Rent Revenue 1,550

This entry is correct because at the end of the period when rent income is earned, but has been paid for before: you debit 'Deferred Rent Revenue' and credit 'Rent Revenue' because (at least a portion of) the deferred rent revenue is now earned.

4. Salaries Expense 150 Salaries Payable 150

This entry is correct because at the end of the period when Salary is accrued, you debit 'Salary expense' and credit 'Salaries payable'

6 0

2 years ago

Read 2 more answers

If the rate of inflation is 2.2% per year, the future price pt (in dollars) of a certain item can be modeled by the following ex

postnew [5]

Answer:

1693.25

Explanation:

The computation of the current price of the item and the price 9 years from today is shown below:-

p(t) = 1,200 × (1.039)^t

Now, the current price can be found by putting t = 0

p(0) is

$1,200\times (1.039)^0 = $1,200$

The price 10 years from today

p(9) is

$1,200\times (1.039)^9$

Now we will solve the above equation

= 1,200 × 1.411041958

= 1693.25035

= 1693.25

6 0

2 years ago

When sales exceed production, the net operating income reported under variable costing generally will be:_____.

padilas [110]

When sales exceed production, the net operating income reported under variable costing generally will be <u>greater than the net operating income reported under absorption costing</u>.

Under variable costing, constant manufacturing overhead fee is handled as product cost. If the range of devices produced exceeds the range of gadgets sold, then net operating income under absorption costing will: be extra than net operating earnings underneath variable costing.

Variable costing is a concept used in managerial and cost accounting wherein the fixed production overhead is excluded from the product price of manufacturing. The technique contrasts with absorption costing, in which the fixed manufacturing overhead is allotted to products produced.

Absorption costing, once in a while known as “full costing,” is a managerial accounting technique for taking pictures of all prices associated with manufacturing a selected product. The direct and oblique costs, together with direct substances, direct exertions, leases, and insurance, are accounted for with the aid of the use of this method.

Learn more about Absorption costing here brainly.com/question/26276034

#SPJ4

6 0

1 year ago

Pheasant Co. can further process Product B to produce Product C. Product B is currently selling for $30 per pound and costs $28

Gnom [1K]

Answer:

differential cost of producing product C = $24 per pound

Explanation:

given data

B currently selling = $30 per pound

produce cost = $28 per pound

C would sell = $60 per pound

produce additional cost = $24 per pound

to find out

What is the differential cost of producing Product C

solution

we get differential cost of producing product C is express as

differential cost of producing product C = cost of (B+C) - cost of B .............1

put here value we get

differential cost of producing product C = (28+24) - 28

differential cost of producing product C = $24 per pound

3 0

2 years ago

In a business-to-business transaction, the seller offers the buyer a 2 percent discount for paying a bill early. Assuming the us

chubhunter [2.5K]

Assuming the user took advantage of this offer, the amount that would be discounted on a $10,000 invoice is: $200.

<h3>Discounted amount </h3>

Using this formula

Discounted amount =Discount rate× Invoice

Let plug in the formula

Discounted amount=2%×$10,000

Discounted amount=$200

Therefore assuming the user took advantage of this offer, the amount that would be discounted on a $10,000 invoice is: $200.

Learn more about Discounted amount here:brainly.com/question/12965533

#SPJ1

8 0

7 months ago