Which of the Following Is Not an Example of an International

question 1

Multiple Choice

Which of the following is not an example of an international transfer payment?

• A) Myrna, a U.S. citizen, remits a gift of $300 to her aunt in Albania.
• B) The U.S. government has pledged $100 million in foreign aid to Ethiopia.
• C) The Melinda and Bill gates Foundation make a donation of $50 million dollars to an orphanage in Lithuania.
• D) The Red Cross purchases $50 million dollars of equipment for its operations abroad.

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Definitions:

High-low Method

A method employed in managerial accounting that estimates variable and fixed costs by analyzing the most and least active periods.

Contribution Margin

The amount by which sales revenue exceeds variable costs, indicating the portion of sales available to cover fixed costs and generate profit.

Units Sold

The total number of units of product that have been sold during a particular period.

High-low Method

A way to estimate the variable and fixed components of costs by analyzing the difference in costs between the highest and lowest activity levels.