Explain how the following items would be entered into the U. S. balance of payments. In each case identify which speci c accounts are a ected (e. g., imports of goods and services, IM; exports of assets, EXA; and so on): (i) A U. S. tourist to Japan sells his iPod to a local resident for yen worth $100. (ii) The U. S. central bank purchases $500 million worth of U. S. Treasury bonds from a British nancial rm and sells pound sterling foreign reserves. (iii) A U. S. owner of Sony shares receives $10,000 in dividend payments, which are paid into a Tokyo bank. (iv) The central bank of China purchases $1 million of export earnings from a rm that has sold $1 million of toys to the United States, and the central bank holds these dollars as reserves. (v) The U. S. government forgives a $50 million debt owed by a developing country.

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2012, accounts receivable were dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?