3. The following table illustrates Serana Inc. global business activities for the year 2021. (20 pts) Company imports Company export Foreign aid Asset purchase
3. The following table illustrates Serana Inc. global business activities for the year 2021. (20 pts) Company imports Company export Foreign aid Asset purchase received 2021 $45,000,000 $65,000,000 $5,000,000 $5,000,000 $8,000,000 Calculate the balance of trade for Serana for the year 2021 Is Serana operating under a trade surplus or a trade deficit? Explain why. Calculate the balance of payment for Serana for 2021 Does Serana have a favourable or an unfavourable balance of payments? Explain why.
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