Suppose that a country has a trade surplus of $50 billion, a balance on the capital account of$10 billion, and a balance on the current account of −$200 billion. The balance on the capital and financial account will be:

a.$10 billion.

b. $50 billion.

c.$200 billion.

d. −$200 billion.

The City of Bagranoff holds $90,000 in cash that will be applied to make a bond payment when the debt comes due early next year. The assistant treasurer initially made the decision to set this money aside for this purpose. Just before the end of the current year, the city council formally approved using the money in this way. The city council is the highest level of decision-making authority for this government. What impact does the council’s action have on the reporting of fund financial statements?
a. Fund balance—unassigned goes down and fund balance—restricted goes up.
b. Fund balance—assigned goes down and fund balance—committed goes up.
c. Fund balance—unassigned goes down and fund balance—assigned goes up.
d. Fund balance—assigned goes down and fund balance—restricted goes up.

Alexa had a negative balance in her checking account before depositing a $47.00 check. What is the new balance of Alexa's checking account?

Refer to the T-accounts in the previous exercise. Compute ending balances and prepare Belle Company's balance sheet. Assume the balance sheet is dated December 31, 2010. (Hint: The December 31, 2010, D. Belle, Capital account balance is $29.280.)

To use a double-pan balance, you put the object to be weighed on one side and then put known weights on the other side until the pans balance.

a. Explain why it is useful to have the balance point halfway between the two pans. b. Suppose the balance point is off-center, 15 cm from one pan and 20 cm from the other. An object is placed in the pan that is closer to the center. The pans balance when 7 kg is placed in the other pan. What is the weight of the unknown object?

Find the monthly payment and estimate the remaining balance (to the nearest dollar). Assume interest is on the unpaid balance. The interest rates are from national averages from www.bankrate.com in April 2013.

Thirty-year mortgage for $210,000 at 3.54%; remaining balance after 12 years

Suppose that a country has a trade surplus of $50 billion, a balance on the capital account of$10 billion, and a balance on the current account of -$200 billion. The balance on the capital and financial account will be:

a.$10 billion.

b. $50 billion.

c.$200 billion.

d. -$200 billion.

Explain normal balances. Give three examples of accounts that will normally have a debit balance and three accounts that will normally have a credit balance.

As of January 1, Terrace Waters, Capital, had a credit balance of $314,000. During the year, withdrawals totaled$10,000, and the business incurred a net loss of $320,000.

b. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance? Explain.

Justin earned $25.67 one week and$37.85 the next week. He also purchased a DVD for $19.99 and gas for his car for$22.07. He started with a zero balance in his checking account. Justin recorded all of these transactions in his checkbook and ended up with a balance of $ 105.58. Was his balance correct? If it was, write an equation to support the answer. If not, find the correct balance.

Credit Card Debt John has a balance of $3000 on his Discover card that charges 1% interest per month on any unpaid balance. John can afford to pay$100 toward the balance each month. His balance each month after making a $100 payment is given by the recursively defined sequence$B_{0}=$3000 \quad B_{n}=1.01 B_{n-1}-100$ Determine John's balance after making the first payment. That is, determine $B_{1}$.

As of December 31, 2016, Cady Construction has one construction job for which the construction in progress (CIP) account has a balance of $20,000 and the billings on construction contract account has a balance of$14,000. Cady has another construction job for which the construction in progress account has a balance of $3,000 and the billings on construction contract account has a balance of$5,000. Indicate the amount of contract asset and/or contract liability that Cady would show in its December 31, 2016, balance sheet.

As of December 31, 2018, Cady Construction has one construction job for which the construction in progress (CIP) account has a balance of $\$ 20,000$ and the billings on construction contract account has a balance of $\$ 14,000$. Cady has another construction job for which the construction in progress account has a balance of $\$ 3,000$ and the billings on construction contract account has a balance of $\$ 5,000$. Indicate the amount of contract asset and/or contract liability that Cady would show in its December 31, 2018, balance sheet.

Use the given process data to construct a control chart for p. Use the three out-of-control criteria listed in the mentioned section and determine whether the process is within statistical control. If it is not, identify which of the three out-of-control criteria apply.

In each of 15 recent and consecutive years, 1000 high school completers were randomly selected and the number who enrolled in college was determined, with the results listed below. Does the p-chart indicate that such college enrollments are high enough?

$$\begin{array}{lllllllllllllll}601 & 625 & 619 & 626 & 619 & 619 & 650 & 670 & 656 & 629 & 633 & 618 & 652 & 639 & 667\end{array}$$