Which of the Following Is a Credit Item in the U.S

question 150

Multiple Choice

Which of the following is a credit item in the U.S. balance of payments?

• A) U.S. companies selling merchandise abroad
• B) foreign companies selling merchandise to U.S. consumers
• C) U.S. consumers sending money to foreign companies
• D) immigrants to the United States sending money back to their families in their native countries
• E) immigrants to the United States sending gifts back to their families in their native countries

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Definitions:

Finished Goods Inventory

The stock of completed products that are ready to be sold but have not yet been sold to consumers.

Beginning of the Year

Refers to the start of a fiscal or calendar year, marking the time frame used for financial and operational planning and analysis.

Predetermined Overhead Rate

A rate calculated before a period begins, used to assign manufacturing overhead costs to products based on a relevant activity base.

Manufacturing Overhead Applied

The portion of manufacturing overhead costs allocated to each unit of production based on a predetermined rate.