If a Country Has Net Exports of $8 Billion and Sold

question 33

Multiple Choice

If a country has net exports of $8 billion and sold $40 billion of goods and services abroad,then it has

• A)$48 billion of imports and $40 billion of exports.
• B)$48 billion of exports and $40 billion of imports.
• C)$40 billion of imports and $32 billion of exports.
• D)$40 billion of exports and $32 billion of imports.

Assess the capacity utilization and its impact on pricing decisions.

Calculate the financial advantages of make versus buy decisions.

Understand the relevance of fixed and variable costs in decision-making.

Assess the impact of special orders on the financial performance.

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Definitions:

Worksheet

An informal accounting document used internally to assemble, adjust, and sort various account balances for the preparation of financial statements.

Trial Balance

A bookkeeping report that lists the balances of all ledgers accounts in order to check the mathematical accuracy of the accounts' balances.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments have been made for errors, accruals, and deferrals in the accounting period.

Operating Activities

Activities that relate to the primary business operations of a company, including production, sales, and delivery of the company's products and services.