Use the Following to Answer Questions: Table: Balance of Payments

question 248

Multiple Choice

Use the following to answer questions: Table: Balance of Payments Accounts $$\begin{array} { l c } \hline \text { ITEM } & \text { DOLLAR VALUE } \\\hline \text { Exports } & \$ 300 \mathrm {~m} \\\text { Imports } & \$ 620 \mathrm {~m} \\\text { Net income on capital held abroad } & \$ 35 \mathrm {~m} \\\text { Foreign aid received } & \$ 100 \mathrm {~m} \\\text { Foreign direct investment } & \$ 120 \mathrm {~m} \\\text { Portfolio investment } & \$ 50 \mathrm {~m} \\\text { Other investment } & \$ 50 \mathrm {~m} \\\hline\end{array}$$
-(Table: Balance of Payment Accounts) According to the data in this table, what is the capital account balance for this country?

• A) $220 million
• B) -$185 million
• C) $1,055 million
• D) $170 million

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Definitions:

Direct Labor Cost

The total expense of paying employees who directly manufacture or produce goods, excluding indirect labor like maintenance personnel.

Equivalent Units

A concept used in the cost accounting process that expresses the amount of work in process and finished units as a total of equivalent complete units.

Cost Per Equivalent Unit

A calculation used in process costing that assigns a cost to partially completed units, making them equivalent to fully completed units for inventory valuation.

Finished Goods Inventory

Products that have completed the manufacturing process but have not yet been sold or distributed to customers.