Refer to the table at right. The current account balance is Exports of goods Net unilateral transfers $1,000 - 15 O A. $170. Imports of services Official transactions - 590 B. - $45. 60 Capital coming into U.S. Imports of goods Exports of services U.S. capital going abroad 400 O C. $155. - 665 O D. $140. 410 - 600
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- 1. Based on the following information, answer the problems showing procedure for each problem. CURRENCY SPOT & FORWARD RATES TABLE_1 U.S./Can. $1 U.S. $1 Cdn Cdn.$ U.S. $ in in Country per unit per unit Cdn.$= U.S.$= 1.5833 0.6316 SPOT 1 month forward 1.5847 2 months forward 1.5861 3months forward 1.5879 6months forward 1.5932 12months forward 1.6041 3years forward 1.6328 5years forward 1.6538| 7years forward 1.6738 10years forward 1.7133 Britain 1 m forward 2 m forward 3 m forward 6 m forward 12 m forward Europe 1 m forward 3 m forward 6 m forward 12 m forward Japan (pound) 2.4582 2.4559 2.454 2.4525 2.4474 2.4392 1.5504 1.5497 1.549 1.5489 1.5506 (Yen) 0.013034 0.008232 1 m forward 0.013066 0.008245 1.5526 1.5498 1.5472 1.5445 1.5362 1.5206 0.9792 0.9779 0.9755 0.9722 0.9666 0.631 0.6305 0.6298 0.6277 0.6234 0.6124 0.6047 0.5974 0.5837 (euro) Cdn.$ in 2001: High 1.5028 Low 1.6183 Average 1.5701 0.6654 0.6179 0.6369 3 m forward 0.013131 0.00827 6 m forward 0.013231 0.008305 12 m…5. U.S. Company purchases from Japanese Company for 60 million yen when theexchange rate is $.009. U.S. Company makes payment a day when the exchange rate is .0085.When recording the journal entry for payment the U.S. Company will report:a. Cash debit $540,000b. Cash credit $540,000c. Loss $30,000d. Gain $30,000 Please show work. Do not use excel85 The following tables show the value (in billims of dollars) of U.S. inkernational trade in goods nd services for the 2004-2006. years |mports Goods Exports Goods Servies Sezvices 34.7 147.1 292.2 2004 807.5 2005 894.6 388.4 IC81.8 315.7 2006 l013.1 422.6 1861.3 342.8 Let 'E be a 312 matrix vepresenting the export data, and let 'm’be a similar matrix for the import data. Find each of the fallowing matries land indicate what information each provides, a) E-M
- The following balance of payments data is for the economy of Augusta: Foreign investment in Augusta 174 Transfer (net) + 10 Primary income (investment income earned abroad) 72 Imports of goods and services 98 Augusta investment abroad 183 Primary income (investment income paid abroad) 68 Exports of goods and services 92 c) What is the balance on its capital account? d) Is there an overall balance of payments surplus or deficit? How much?A company has an account payable to a U.S. company, a supplier of inventory, in the amount of US$250,000. The payable was incurred when the exchange rate was US$1 = Cdn$0.82. At year-end, the rate is $0.79. Required: 1. What amount of inventory is recorded? Amount of inventory 2. What amount of exchange gain or loss will the company report for the year? Amount of exchange gain or losConsider the following information: Imports $220.5 Net income from foreign investments 53.4 Foreign investments in U.S. 6.4 Government spending abroad 5.6 Exports 170.7 U.S. investments abroad 24.5 Foreign securities bought by U.S. 5.0 U.S. securities bought by foreigners 2.9 Purchase of short-term foreign securities 7.0 Foreign purchases of U.S. short-term securities 9.6 Determine the balance on the U.S. current account and capital accounts. Use a minus sign to enter the amount as a negative value. Round your answers to one decimal place. Balance on current account: $ Balance on capital account: $
- For an American trader, an interbank quotation of $1.4631/£ is in a direct terms b non-conventional terms c European d indirect termsThe following Table 1 is the balance of payment for Malaysia in the year 2019. Table 1 Items RM (million) Exports of goods 95,750 Import of goods 98,230 Transportation 93 Nett transfer 350 Errors and omissions 750 Official long-term capital (net) 630 Freight and insurance -4,255 Other Services 1,550 Travel 655 Investment Income -5,525 Corporate investment (nett) 9,200 Private short-term capital (nett) 3,215 Based from the Table 1, calculate the following: a. Service account balance. b. Balance in current account. c. Capital account balance. d. Overall balance.Q1-2 Consider the following hypothetical information on the national income account for Canada. Category Billions of $ Consumption spending 400 Investment spending 50 Government spending on goods & services 80 Exports 230 Imports 80 Factor income receipts from abroad 20 Factor income payments abroad 10 Net unilateral transfers 5 What is Canada's current account? a. $165 b. $150 c. $15 d. $695
- A company has an account payable to a U.S. company, a supplier of inventory, in the amount of US$ 170,000. The payable was incurred when the exchange rate was US$1 = Cdn$0.79. At year - end, the rate is $0.75. Required: 1. What amount of inventory is recorded? 2. What amount of exchange gain or loss will the company report for the year?The Current Account Exports of g&s minus Imports of g&s $3,000 $2,000 $50,000 $2,000 $2,000 $80,000 Net income on factors held abroad Net transfers from foreigners to U.S. The Financial Account foreigners' purchases of domestic $21,000 $30,000 assets minus domestic residents' purchases of foreign assets A. +29,000 B. +80,000 What additional capital inflows are needed in C. +51,000 order for the Balance of Payments accounts to balance?Calculate the VAT on the following exclusive amount R25 500 Calculate the exclusive amount of the following VAT amount R3 500 Q2) An entity had the following transactions during May 2020 Purchases of merchandise R205 000 and equipment R125 000 Sales of Merchandise R425 000 If all amounts are INCLUSIVE of VAT, calculate the amount payable/receivable to/from the South Africa Revenue Services.