In 2016, the US ran a $347 billion trade deficit in good with China and $65 billion trade deficit with Germany. Meanwhile, the gross national savings to GDP ratio was 46% in China, 28% in Germany, and 18% in the US in 2016. (the average were 42%, 24%, and 19%, respectively during 1980-2016.) President Trump frequently accused both countries of currency manipulation, which, he argued, caused the US trade deficit. a.) In light of this information and based on your understanding of the national income accounting and determinants of current account balances, explain what are the implicit explanations for the US trade deficit with China and Germany here? b.) To improve the US current account balance with China and Germany what would you reccomend?

Kingston, Inc., acquired a patent on January 1, 2016 for $40,000 cash. The patent was estimated to have a useful life of 10 years with no residual value, and the firm decided to use straight-line amortization. On January 1, 2017, management determined that the remaining useful life was actually only 6 years. On June 30, 2018, the patent was sold for $25,000.

1.Show the journal entry to record the acquisition of the patent on January 1, 2016 (3 points).

2. Show the journal entry to record amortization of the patent for 2016 (3 points).

3. Compute the amount of amortization that would be recorded for 2017 (3 points).

4.. Prepare the journal entry to record the sale of the patent on June 30, 2018 (4 points).

Following information is extracted from the books of GMN Limited:
a. Current Accounts
 2016: CA = 22,900; CL = 15,300
 2015: CA = 17,600; CL = 12,400
b. Fixed Assets and Depreciation
 2016: NFA = 98,100; 2015: NFA = 75,700
 Depreciation Expense = 2700
c. Long-term Debt and Equity (R.E. not given)
 2016: LTD = 47,000; Common stock & APIC = 1,400
 2015: LTD = 35,850; Common stock & APIC = 1,400
d. Income Statement
 EBIT = 22,000; Taxes = 1400
 Interest Expense = 2,840; Dividends = 2,700
Required:
i. Compute the cash flow from asset for GMN Limited:
ii. Comment on usefulness of cash flow from asset in financial decision making.

(Please show calculations so I know how to do it)

a.) Compute the return on equity ratio for JetBlue and Southwest for 2017. Which Company earned the higher return for its shareholders?                      

b.) Compute the debt-to-equity ratio for each company as of December 31, 2017. Which company relies more on creditor financing?

ACC Inter ch 14

a) Emma Company purchased a machine from Noah Corporation on October 31, 2016. In payment for the $140,300 purchase, Emma issued a one-year installment note to be paid in equal monthly payments of $12,465 at the end of each month. The payments include interest at an annual rate of 12%. When recording the December 31, 2016 payment, the Debit to Interest expense will be? $_________

b) Pope Industries purchased a machine from Fitz Corporation on October 1, 2016. In payment for the $211,000 purchase, Pope issued a two year installment note to be paid in equal semi-annual payments at the end of each 6 month period. The payments include interest at an annual rate of 12%.

Each installment payment will be $__________________

Steven, Inc., acquired a truck on January 1, 2016 for $40,000 cash. The truck was estimated to have a useful life of 10 years with no residual value, and the firm decided to use straight-line amortization. On January 1, 2017, management determined that the remaining useful life was actually only 6 more years. On June 30, 2018, the truck was sold for $25,000.

How much would Steven record as the value of the truck when it is acquired on January 1, 2016?

How much would Steven record as the amortization expense related to the patent for 2016?

Compute the amount of amortization that would be recorded for 2017.

Compute the amount of the loss that would be recorded upon the sale of the truck on June 30, 2018.

Thank you for your help!

Question 5
The Cola Company reported the following comparative information at December 31, 2017, and December 31, 2016 (amounts in millions and adapted):
2017 2016
Current Assets $21,579 $17,552
Total Assets 72,921 48,671
Current Liabilities 18,508 13,721
Total Shareholder Equity 31,317 25,346
Net Sales 35,119 30,990
Net Income 11,809 6,824

Requirements
1. Calculate the following ratios for 2017 and 2016: a. Current ratio b. Debt ratio
2. At the end of 2017, The Cola Company issued $1,590 million of long-term debt that was used to retire short-term debt. What would the current ratio and debt ratio have been if this transaction had not been made

Walmart has an interest in monitoring the average back-to-school spending for grade-school students year to year. Every year the back-to-school spending data is published by the National Retail Federation. The following table shows the average back-to-school spending of households randomly sampled in 2016 and 2017 along with the population standard deviations and sample sizes for each sample.
2016 2017
Sample mean $606.40 $655.27
Sample size 35 38
Population standard deviation $160 $173
a. State the correct null and alternative hypotheses.



b. Perform a hypothesis test using α = 0.10 to determine if the average household back-to-school spending in 2016 was different than it was in 2017.







c. Use Confidence Interval to test this hypotheses

Walmart has an interest in monitoring the average back-to-school spending for grade-school students year to year. Every year the back-to-school spending data is published by the National Retail Federation. The following table shows the average back-to-school spending of households randomly sampled in 2016 and 2017 along with the population standard deviations and sample sizes for each sample.
2016 2017
Sample mean $606.40 $655.27
Sample size 35 38
Population standard deviation $160 $173
a. State the correct null and alternative hypotheses.



b. Perform a hypothesis test using α = 0.10 to determine if the average household back-to-school spending in 2016 was different than it was in 2017.







c. Use Confidence Interval to test this hypotheses

Walmart has an interest in monitoring the average back-to-school spending for grade-school students year to year. Every year the back-to-school spending data is published by the National Retail Federation. The following table shows the average back-to-school spending of households randomly sampled in 2016 and 2017 along with the population standard deviations and sample sizes for each sample. 2016 2017 Sample mean $606.40 $655.27 Sample size 35 38 Population standard deviation $160 $173 a. State the correct null and alternative hypotheses. b. Perform a hypothesis test using α = 0.10 to determine if the average household back-to-school spending in 2016 was different than it was in 2017. c. Use Confidence Interval to test this hypotheses