Question
In: Finance
Use the following information to answer the next three questions. Transactions between New Zealand and the...
Use the following information to answer the next three questions.
Transactions between New Zealand and the rest of the world in 2018 are shown below.
New Zealand companies bought NZ$40 million worth of steel from US companies.
New Zealand's central bank sold NZ$25 million of treasury bonds to foreign investors.
New Zealand investors received NZ$2 million in interest payments from foreign investments.
New Zealand citizens purchased NZ$11 million worth of computers produced in Japan.
Americans spent NZ$20 million touring New Zealand.
JKL (New Zealand firm) purchased NZ$4 million in stock issued by a Brazilian firm.
The New Zealand central bank sold NZ$8 million worth of US dollars.
1.Find the capital account balance in terms of millions of New Zealand dollars.
a.29/ b.21 /c.23 /d.none of the above
QUESTION 5 Find the balance of trade in terms of millions of New Zealand dollars. Do not use currency symbols or words when entering your response.
QUESTION 6 Find the current account balance in terms of millions of New Zealand dollars.
a.-33 b.-31 c.-29 -d.21
Solutions
jeff jeffy answered 11 months agoRelated Solutions
Use the following information to answer the next three questions. Transactions between New Zealand and the...
Use the following information to answer the next three
questions.
Transactions between New Zealand and the rest of the world in
2018 are shown below.
New Zealand companies bought NZ$40 million worth of steel from
US companies.
New Zealand's central bank sold NZ$25 million of treasury bonds
to foreign investors.
New Zealand investors received NZ$2 million in interest
payments from foreign investments.
New Zealand citizens purchased NZ$11 million worth of computers
produced in Japan.
Americans spent NZ$20 million touring New...
Use the following information to answer the next three questions. Transactions between Japan and the rest...
Use the following information to answer the next three
questions.
Transactions between Japan and the rest of the world in 2019 are
shown below.
The Japanese government sells 75 million yen worth of treasury
securities to foreign investors.
Japanese companies purchase 500 million yen of steel from
Canada.
Japanese automobile manufacturers sell 600 million yen worth of
cars abroad.
PQU bank (Japanese firm) receives 20 million yen in interest
from US investments.
Japanese citizens spend 125 million yen in tuition...
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year. Assume this is Aggies’ 1st year of
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Accounts
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Notes
Payable
$????
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Building 75,000 Retained
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Advertising
Expense 60,000 Accounts
Payable 62,800
Dividends 12,200 Income
Tax
Expense 23,100
Service
Revenues 460,000 Common
Stock 120,000
Office
Equipment 22,500 Wages
Payable 15,450
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A.
$36,900
B.
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IO
PI
IRR
LIFE
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1.12
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1.08
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0
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1
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