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Alexxx [7]
2 years ago
7

The economy is at full employment when all unemployment is?

Business
1 answer:
abruzzese [7]2 years ago
8 0

When the economy is at full employment, the unemployment will be zero.

Given that the economy is present at full employment.

We are required to find the value of unemployment when the economy is at full employment.

Employment basically means the state of having a job or being employed. The person who employs is called the employer, and the person who is getting paid for providing services is the employee. It basically equals to total number of people working in an economy, people who want to work and are able to work.

So, when the economy is at full employment, the unemployment is near to zero.

Hence when the economy is at full employment, the unemployment will be zero.

Learn more about employment at brainly.com/question/1446509

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A company sells 15,000 units of its single product annually. Annual revenues are $450,000, variable costs are $315,000, and fixe
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Answer:

Decrease in profit = $9,000

Explanation:

The impact on the profit would be the sum of the increase in contribution from the special order less the lost contribution by forgoing the standard order.

Accepting the special order of 3,000 units would mean losing standard contribution on 2,000 units from the current sales unit of 15,000. Remember the company only has excess capacity of 1, 000 units i.e (16000-15,000) So, the additional 2,000 units would need to be forgone at standard price.

Variable cost per unit = 315,000/15,000 = $21

Standard selling price = 450,000/15,000 = $30

Special order price = $24

                                                                                                          $

Additional contribution from special order = (24-21) × 3,000 =  9,000

Lost contribution from forgoing standard order (30-21) × 2000 =(<u>18,000)</u>

Decrease in profit                                                                          <u> (9,000)</u>

By accepting the special order, the company would lose $9,000 of its profit

7 0
3 years ago
Micker Boots produces cowboy boots, its Raw Materials Inventory account contains only direct materials. If the beginning balance
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Answer:

Purchases= $52,000

Explanation:

Giving the following information:

Beginning inventory= $6,300

Ending balance= $3,300

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<u>To calculate the direct material purchase, we need to use the following formula:</u>

Purchases= production + desired ending inventory - beginning inventory

Purchases= 55,000 + 3,300 - 6,300

Purchases= $52,000

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3 years ago
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A firm has sales of $1,220, net income of $226, net fixed assets of $544, and current assets of $300. The firm has $101 in inven
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Answer:

11.97%

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= $544 + $300

= $844

Common size statement value of inventory = Inventory ÷ Total assets

= $101 ÷ $844

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