Question
Record this transaction in the planet Giedi Primes balance of payments account. The House Karkonnen of the planet Giedi Prime pays one million solaris for
Record this transaction in the planet Giedi Prime’s balance of payments account. The House Karkonnen of the planet Giedi Prime pays one million solaris for a crysknife from the planet Arrakis.
Answer: The crysknife shipment is booked as an import (IM) (–1 million solaris) in the trade balance (TB) portion of Giedi Prime’s current account (CA). The payment for the crysknife booked as an asset export (EXA) (+1 million solaris) in Giedi Prime’s financial account (FA).
To get full credit, you must use the format of the example answer above for your answers.
1. Record this transaction in the balance of payments account of the planet Caladan. A merchant on Caladan exports 1,000 windtraps worth 620,000 solaris to planet Arrakis, and in exchange imports 1 decagram of spice mélange as payment.
2. Record this transaction in the balance of payments account of the planet Salusa Secundus. Emperor Shaddam Corrino IV travels from Salusa Secundus to Arrikis. While there, he rents six ornithopters for transportation for 12,000 solaris.
3. Record this transaction in the balance of payments account of the planet Arrakis. Dr. Kyne, planetary ecologist on Arrakis, donates sand samples from his planet worth 10 solaris to a museum on the planet Kaitain.
4. Record this transaction in the balance of payments account of the planet Caladan. The House Atreides buys five percent of the shares of CHOAM, the interplanetary conglomerate corporation, for 1 billion solaris.
5. Record this transaction in the balance of payments account of the planet Tupile. The Spacing Guild, which is based on the planet Tupile, donates 100 million solaris to the Save the Sandworms foundation on the planet Arrakis.
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1 Record this transaction in the balance of payments account of the planet Caladan A merchant on Caladan exports 1000 windtraps worth 620000 solaris to planet Arrakis and in exchange imports 1 decagra...Get Instant Access to Expert-Tailored Solutions
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