Life of a famous person

Post has three assignments

1:Write an Essay about the Life of a famous person in a your Country  3 pages

2:Balance payment

This is an Overview of the main categories of balance of payments accounts including current accounts, capital accounts, and financial accounts. The double-entry book keeping method used for balance of payments accounting is described. Balance of payments (BOP) is a process used by countries to supervise and record international financial activities or transactions. The Federal Reserve Bank of New York defines balance of payments as “an accounting of a country′s international transactions for a particular time period.” The balance of payments records all private and public sector trade activity and records the total of all money moving inside and outside of a country during a particular time period. The balance of payments may be recorded on a quarterly or annual basis. The balance of payments includes credits and debits. • Credit refers to the payments a country has received during the balance of payments time cycle. Balance of payments credits include any transaction that causes money to flow inside the country. • Debit refers to the payments a country has made during a balance of payments time cycle. Balance of payments debits include any transaction that causes money to flow outside the territorial boundaries. A balance of payments includes three different categories: The current account, the capital account, and the financial account, related to different types of international financial transactions. The balance of payments should ideally or theoretically stand at zero. In practice, the balance of payments of most countries usually includes a trade surplus or deficit. The Current Account The current account shows country′s inflow and outflow of goods, services, income, and current transfers. It includes a summary of a country′s balance of trade. The current account is considered to be a measure of a country′s economic health and strength. Revenue produced from investments and income-generating assets are included in the current account. Countries tend to have either a balance of trade surplus or deficit depending on the scale of their import and export programs. The current account includes four sub-categories: Merchandise trade, services, income receipts, and unilateral transfers. • Income recives refer to income derived from ownership of assets including dividends on holdings of stock and interest on securities. • Services refer to activities such as tourism, transportation, engineering, and business services, such as law, management consulting, accounting, and fees from patents and copyrights. • Unilateral transfers means one-way transfers of assets including worker remittances from abroad and direct foreign aid. • Merchandise trade refers to all raw materials and manufactured goods bought, sold, or given away. The Capital Account The capital account reflects all of a country′s international transfers. Examples of international capital transfers include the acquisition or disposal of non-financial assets. Capital transfers include debt forgiveness, migrants′ transfers, the transfer of title to fixed assets, the transfer of funds connected to the sale or purchase of fixed assets, gift and inheritance taxes, death duties, and uninsured damage to fixed assets. In addition, capital accounts include transfers of non-produced, non-financial assets. Non-produced, non-financial assets refer to the sales and purchases of the rights to natural resources, leases, patents, copyrights, and trademarks. The Financial Account The financial account shows all international monetary flows related to investment, business, real estate, bonds, stocks, foreign reserves, and direct foreign investments and assets. Foreign-owned assets include official reserve assets, government assets, and private assets. Examples of these assets include gold, foreign currencies, foreign securities, foreign credits, direct foreign investment, corporate securities, and direct investments Balance of Payments Record Keeping Balance of payments record keeping follows double-entry book keeping accounting practices. For example, the values and figures involved are recorded on each of the two sides of the balance of payments accounts. While the two sides of the account would ideally be same, this is rarely the case. The imbalances reflect surpluses or deficits in the national economy. Balance of payments accounting practices and records include three main categories: • Accounts dealing with goods, services, and income. • Accounts on financial claims including bank deposits and stocks and bonds. • Accounts recording gifts or unilateral transfers. Common transactions recorded in the balance of payments record include the following: • Commercial exports. • Payment for commercial exports. • Receipt of income from investment abroad. • Commercial imports. • Expenditures on travel abroad. • Gifts to foreign residents. • Loans to borrowers abroad.

3:Morphologies of the Organisms

The Shape of Things to Come
We have seen the amazing morphologies of the organisms that comprised the great natural experiment called the Ediacaran fauna. The unique shapes and symmetry forms of Ediacaran life are bizarre to us because we have no analogous organisms currently living on Earth. Can you hypothesize about specific environmental and ecological conditions that may have combined to give rise to the inspiring functional morphologies of the Ediacaran fauna?

famous person