Answer:
a. landscapers laid off in response to drop in new housing construction during a recession: CYCLICAL UNEMPLOYMENT
b. coal miners laid off due to EPA regulations that shut down a coal fired power plant: STRUCTURAL UNEMPLOYMENT
c. a financial analyst who quits his/her job in Chicago and is pursing similar work in Arizona: FRICTIONAL UNEMPLOYMENT
d. printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote and advertise their products: STRUCTURAL UNEMPLOYMENT
e. factory workers in the U.S. laid off as the plants shut down and move to Mexico: FRICTIONAL UNEMPLOYMENT
f. Jack graduated from college last month, but he has not yet started looking for a job: FRICTIONAL UNEMPLOYMENT
g. Professor H took 6 months off from his job at Gigantic U, and is now working on a fishing boat in Alaska: FRICTIONAL UNEMPLOYMENT
Explanation:
Unemployment is a situation or period of time whereby people are looking for jobs but they can't find any jobs.
We have three types of unemployment. They are:
1. Structural Unemployment: This is a type of unemployment whereby people are unemployed because their skills no longer match the jobs that are available due advancement in technology, specific academic requirements or training skills.
2. Frictional unemployment: This is a situation whereby people are unemployed because people are looking for new jobs, or changing from one job to another.
3. Cyclical Unemployment: This is the type of unemployment or period of time whereby people are unemployed because there is a decline in the economic system of a country for example economic recession.
Answer: 10%
Explanation:
Using the Gordon Growth Model, the price of a stock can be calculated as follows:
Price = Next dividend / (Required return - growth rate)
Notice that we are provided with all the figures in the formula above except the growth rate so we can calculate the growth rate with these figures:
50 = 5 / (20% - growth rate)
50 * (20% - growth rate) = 5
20% - growth rate = 5 / 50
-growth rate = 10% - 20%
-Growth rate / -1 = -10% / -1
Growth rate = 10%
Answer:D. can settle outstanding claims or disputes provided that all parties agree to its use.
Explanation: Binding arbitration is a type of arbitration/ dispute resolution where both parties involved in the dispute/ conflict choose a mediator mainly a legal practitioner and accepted to stand by the decision of the Binding arbitrator.
This type of arbitration is in contrast to non Binding arbitration where both parties are may not accept the decision of the arbitrator. Binding
Arbitration is adopted mainly in private disputes where both parties involved in the dispute agree to accept the verdicts of the trusted arbitrator.
Answer:
Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.
Merchandise $ 760 (debit)
Cash $ 560 (credit)
Equipment $200(credit)
Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.
Cash $270 (debit)
Dividend $530 (debit)
Salaries and Wages $ 800 (credit)
Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230
Account Payable $470(debit)
Cash $470 (credit)
Explanation:
Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.
Derecognise the $ 200 Equipment recored in error.The Cash figure was understated, therefore derecognise a further $560 to reflect the outflow of economic benefits. Lastly the Merchandise or Inventory Account must the recognised. This is the correct asset account to the original transaction.
Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.
Recognise an equity element - Divident. Assets of cash were overstated therefore recognise the overstated amount of $270. Salaries and Wages Account was recognised in error therefore de-recognise this expense account.
Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230
The transactions was recorded in correct accounts for the debit and credit but with wrong or understated amounts. Recognise a further $230 for Accounts Payable and a further 4230 for Cash
Answer:
2,340
Explanation:
The computation of purchase to be made on July is shown below:-
Particulars June July August
Sales 2,300 2,500 2,100
Add: Closing Inventory 1,000 840
(40% of next month)
Less: Opening Inventory 1,000 840
(Closing of previous month)
Purchases to be made 3,300 2,340 1,260
Therefore the purchase to be made on July is 2,340
