CHAPTER 3 BALANCE OF PAYMENTS SUGGESTED ANSWERS AND SOLUTIONS TO END-OF-CHAPTER QUESTIONS AND PROBLEMS QUESTIONS 1. Define the balance of payments. Answer: The balance of payments (BOP) can be de fined as the statistical record of a country’s international transactions over a certain period of time presented in the form of double-entry bookkeeping. 2. Why would it be useful to examine a country’s balance of payments data? It Answer: would be useful to examine a country’s BOP
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Provide a summary in your own words of the article you have been requested to read and analyze in the following space. This means you should focus on identifying what the author states as the objective of the paper. Then summarise how the objectives were achieved. The article starts by criticizing other measures of performance as designed to measure specific employee task with workload indicators. The balanced scorecard is a performance management tool with four perspectives. These are; financial
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or operational reports but a succinct summary that captures the information most relevant to those reading it. It is the method by which this ’most relevant’ information is determined (i.e.‚ the design processes used to select the content) that most differentiates the various versions of the tool in circulation. The balanced scorecard also gives light to the company’s vision and mission. These two elements must always be referred to when preparing a balance scorecard. The Balanced Scorecard was
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SWOT ANALYSIS ON New Balance Athletic Shoe New Balance Athletic Shoe‚ Inc. (NBAS)‚ best known as simply New Balance‚ is a footwear manufacturer based in Boston‚ Massachusetts. It was founded in 1906 as the New Balance Arch Support Company. Eschewing expensive advertising campaigns‚ it has nevertheless grown to be one of the largest makers of sports footwear in the world. New Balance is notable in that it has continued to maintain a manufacturing presence in the United States as well as in the United
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School for Mechanical Engineering & Applied Mathematics IMNDNG NDip: Engineering: Mechanical LABORATORY GUIDE STRENGTH OF MATERIALS II (MSM21AI / MSM22AI) COMPILED BY: MNR / MR NP DU TOIT REVISED BY: Mr. O Y Odufuwa DATE REVISED: JANUARY 2013 2 CONTENTS 1. INFORMATION ABOUT THE PRACTICALS ASSIGNMENTS. ...........3 SAFETY AND SAFETY PRECAUTIONS………………………………..3 INTRODUCTION………………………………………………………….3 GENERAL SAFETY…………………….……….………..........................3 LABORATORY
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Balance of payment Most of exports and imports involve finance i.e. receipts and payments in money. An account of all receipts and payments is termed as Balance of Payments (BOP). According to Kindle berger‚ "The balance of payments of a country is a systematic record of all economic transactions between the residents of the reporting country and residents of foreign countries during a given yeriod of time". The balance of payment record is maintained in a standard double-entry book-keeping
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was growing at 2300% and founded Amazon.com‚ primarily as an online book seller. Authors Bolcher et al. (2013) point out an important aspect of value-chain analysis is that “the firm should carefully study each step in its operations to determine how each step contributes to the firm’s profits and competitiveness” (p. 12). Value-chain analysis played a critical role in the decision to register and locate Amazon.com business in Seattle because it provided large stock of technical talent and also largest
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ACCOUNT BALANCES For many purposes‚ it is necessary to determine the balance in an account. This is accomplished by adding the debits‚ credits‚ and determining the difference between the two sums. An account is said to have a debit balance if the sum of the debit entries to that account exceeds the sum of the credit entries. Conversely‚ an account has a credit balance if the sum of the credit entries exceeds the sum of the debit entries. Asset accounts normally have debit balances inasmuch as
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Balance of Payment Balance of Payment is the recording system of economic and financial flows that take place over a specified time period between residents and non-residents of a given country. The residents of a country compromise of the general government‚ individual‚ private and non- profitable bodies serving individuals and enterprises. The Balance of Payment will consist mainly with three sections. 1. Current Account- This shows all the inflows and outflows of a country. 2. Capital Account-
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In the books of a Company Cost Sheet for the period ended…….. Units Produced….. Name of the product unit sold…. Particulars Total cost Rs. Unit Cost Rs. Opening stock raw materials Add Purchases of Raw Materials Add: Expenses on Purchases of Raw Materials (octroi & duty) Less: Closing stock of raw materials Less: Sale of scrap or defectives of raw materials = Cost of materials consumed Add: Productive Labour Add: Outstanding wages Add: Direct Expenses( architect’s
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