An open economy interacts with the rest of the world through its involvement in world markets for goods and services and world financial markets. although it can often result in an imbalance in these markets, the following identity must remain true:

net capital outflownet capital outflow = = net exportsnet exports
in other words, if a transaction directly affects the left side of this equation, then it must also affect the right side. the following problem will you understand why this identity must hold.

suppose you are a software engineer living in the united states, and you just sold your latest product to a russian consumer for rub 7,000.

determine the effects of this transaction on exports, imports, and net exports in the u. s. economy, and enter your results in the following table. if the direction of change is "no change," enter "0" in the magnitude of change column.

hint: the magnitude of change should always be positive, regardless of the direction of change.

direction of change magnitude of change
(rubles)
exports
increase/no change/decrease
imports
increase/no change/decrease
net exports increase/no change/decrease
because of the identity equation that relates to net exports, the in u. s. net exports is matched by in u. s. net capital outflow. which of the following is an example of how the united states might be affected in this scenario? check all that apply.

you store the rubles in your safety deposit box at home.

you purchase rub 7,000 worth of stock in a russian corporation.

you buy rub 7,000 worth of russian bonds.

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya. jan. 3purchased on account 350 widgets for $11 each. b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c. jan. 10purchased on account 625 widgets for $12 each. d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company. e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered. f.jan. 13paid for the purchases made on jan. 3.g. jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h. jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition. i.jan. 25received payment for the sale made on jan. 5.j. jan. 26paid for the purchases made on jan. 10.k. jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."

David consumes two things: gasoline (g) and bread (b). david's utility function is u(g, b) = 10g^0.25 b^0.75. use the lagrange technique to solve for david's optimal choices of gasoline and bread as a function of the price of gasoline, p_g, the price of bread, p_b, and his income m. with recent decrease in the price of gasoline (maybe due to external shock such as shale gas production) does david increase his consumption of gasoline? for david, how does partial differential g/partial differential p_g depend on his income m? that is, how does david's change in gasoline consumption due to an increase in the price of gasoline depend on his income level? to answer these questions, find the cross-partial derivative, |partial differential^2 g/partial differential m partial differential p_g.

Imprudential, inc., has an unfunded pension liability of $572 million that must be paid in 25 years. to assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. if the relevant discount rate is 6.5 percent, what is the present value of this liability? (do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e. g., 1,234,567.89)