Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE SHOW ALL WORK AND ANSWER ALL PARTS 3. a) The table below shows Opulenzas international transactions in 2020. Use the information in the following

image text in transcribed
PLEASE SHOW ALL WORK AND ANSWER ALL PARTS 3. a) The table below shows Opulenzas international transactions in 2020. Use the information in the following table (all the numbers are in billions of opuls, Opulenzas currency) to fill in the blank and prepare a balance of payments account. Make sure to include appropriate signs (+ or -). ? Exports of goods and services 4000 Imports of goods and services 3,400 Statistical Discrepancy Unilateral transfer received 200 Unilateral transfer given 400 Imports of factor services 500 Balance on Current account ? Balance on Financial account ? Foreign owned assets in Opluenza net 400 increase Export of factor services 1,500 Balance on capital account ? Opulenza owned assets abroad net 1,100 increase Capital transfers given 1,500 Capital transfers received 1,000 B) your uncle David from Idaho buys a newly issued share of stock in the U.K. Oil giant British Petroleum (BP) paying $95 with funds from his checking account with Bank of America BP, in turn deposits the $95 david has paid into own U.S. bank account Zions bank in Utah Show how the above effects the U.S. BOP. include a description of the debit and credit items, and in each case write down which specific account is affected (e.g... imports of goods and services, IM; exports of home financial account assets; and so on) PLEASE SHOW ALL WORK AND ANSWER ALL PARTS 3. a) The table below shows Opulenzas international transactions in 2020. Use the information in the following table (all the numbers are in billions of opuls, Opulenzas currency) to fill in the blank and prepare a balance of payments account. Make sure to include appropriate signs (+ or -). ? Exports of goods and services 4000 Imports of goods and services 3,400 Statistical Discrepancy Unilateral transfer received 200 Unilateral transfer given 400 Imports of factor services 500 Balance on Current account ? Balance on Financial account ? Foreign owned assets in Opluenza net 400 increase Export of factor services 1,500 Balance on capital account ? Opulenza owned assets abroad net 1,100 increase Capital transfers given 1,500 Capital transfers received 1,000 B) your uncle David from Idaho buys a newly issued share of stock in the U.K. Oil giant British Petroleum (BP) paying $95 with funds from his checking account with Bank of America BP, in turn deposits the $95 david has paid into own U.S. bank account Zions bank in Utah Show how the above effects the U.S. BOP. include a description of the debit and credit items, and in each case write down which specific account is affected (e.g... imports of goods and services, IM; exports of home financial account assets; and so on)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services

Authors: Louwers, Timothy Louwers

5th Edition

0078025443, 978-0078025440

More Books

Students also viewed these Accounting questions