Final answer:
To calculate the accounting profit, we subtract labor, capital, and materials costs from sales revenue. Without specific data on imports and exports, it's not possible to compute the merchandise balance. The net worth of a bank is calculated by subtracting total liabilities from total assets.
Step-by-step explanation:
To calculate the merchandise balance and the current account balance, we need to use the following information provided: Assets - reserves 30, bonds 50, and loans 50; Liabilities - deposits 300 and equity 30.
Merchandise Balance Calculation:
Typically, the merchandise balance would involve calculating the difference between the value of goods imported and exported. However, with the provided information, it's unclear how the term 'merchandise balance' is used, as there is no data on imports or exports. Therefore, additional context is needed to compute this balance.
Current Account Balance Calculation:
The current account balance might be calculated as the difference between assets and liabilities. However, in typical accounting, it refers to a broader measure that includes trade balance, net income from abroad, and net current transfers. Without more specific details on the revenues and expenses, the current account balance cannot be precisely calculated from the given figures.
Accounting Profit Calculation:
A firm had sales revenue of $1 million last year. It spent $600,000 on labor, $150,000 on capital, and $200,000 on materials. To calculate the firm's accounting profit, you subtract these costs from the sales revenue:
Accounting Profit: $1,000,000 (revenue) - $950,000 (total costs) = $50,000
Bank's Net Worth Calculation:
Total Liabilities: $400 (deposits)
Net Worth: $620 (assets) - $400 (liabilities) = $220