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1 year ago

The unemployment rate in a town in which 65,400 persons are in the labor force and 11,000 are unemployed equals:_____.

Business

1 answer:

BartSMP [9]1 year ago

3 0

The unemployment rate is 16.8%

<h3>What is the unemployment rate?</h3>

The unemployment rate is the ratio of the unemployed to the total labour force. The unemployed is made up of people who do not have a job but are actively searching for employment. The labour force consists of people between 18 to 65 years old.

The unemployment rate = (unemployed / labour force) x 100

(11,000 / 65,400) x 100 = 16.8%

To learn more about unemployment, please check: brainly.com/question/10940465

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Income Statement (in Millions of Dollars) Net sales $100.0 Cost of sales 60.0 Selling, general, and administrative expenses 20.0

frez [133]

Answer:

the balance sheet is missing:

Balance Sheet (In millions of Dollars)

ASSETS

Cash $6.0

Accounts Receivable 14.0

Average Inventory 12.0

Fixed Assets, net 40.0

TOTAL ASSETS $72.0

LIABILITIES AND EQUITY

Accounts Payable $10.0

Salaries and Benefits Payable 2.0

Other current Liabilities 10.0

Long-term debt 12.0

Equity 38.0

TOTAL LIABILITIES AND EQUITY $72.0

a. Determine the length of the inventory conversion period.

inventory conversion period = average inventory / (COGS/365) = 73 days

b. Determine the length of the receivables conversion period.

receivables conversion period = accounts receivables / (net sales/365) = 51.1 days

c. Determine the length of the operating cycle.

length of operating cycle = 73 + 51.1 = 124.1 days

d. Determine the length of the payables deferral period.

length of the payables deferral period = accounts payables / (COGS/365) = 60.83 days

e. Determine the length of the cash conversion cycle.

cash conversion cycle = 73 + 51.1 - 60.83 = 63.27 days

f. What is the meaning of the number you calculated in Part e?

How long does it take to turn inventories into cash, it is a measure of asset liquidity.

8 0

3 years ago

The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation:

muminat

Answer and Explanation:

The preparation of the classified balance sheet is presented below:

Blue Devils Corporation

Balance Sheet

Dec 31, 2021

Assets Amount ($) Liabilities and shareholder equity Amount ($)

Current assets: Current liabilities

cash $3,800 Accounts payable $24,800

Accounts receivable $7,800 Salaries payable $14,800

Supplies $17,800

Total current assets $29,400 Total current liabilities $39,600

Long-term assets Stockholders equity

Equipment $108,000 Common stock $48,000

Accumulated depreciation -39,000 Retained earnings $10,800

Total assets $98,400 Total liabilities and stockholders equity $98,400

We find the retained earning balance by applying the accounting equation which is shown below:

Assets = Liabilities + common stock + retained earnings

$98,400 = $39,600 + $48,000 + retained earning

So, the retained earning is $10,800

6 0

2 years ago

Which of the following would be considered retail businesses? (Select all that apply.)

Lesechka [4]

These:

department stores AND

online sellers

I hope it helped you!

4 0

3 years ago

In an effort to simplify the multiple production department factory overhead rate method, the same rate can be used for all depa

Free_Kalibri [48]

Answer: False

Explanation:

Different departments incur different types of costs based on the product that they are producing. It would therefore not be right to use the same rate for all departments as it might capture cost inadequately.

The overhead rate should always take into account the unique circumstances of a department such that costs can be assigned as accurately as possible.

3 0

2 years ago

What is the present value of the following cash-flow stream if the interest rate is 5%? (Do not round intermediate calculations.

ira [324]

Answer:

present value = $785.21

Explanation:

given data

interest rate r = 5%

Year 1 Cash Flow C1 = $190

Year 2 Cash Flow C2 = $390

Year 3 Cash Flow C3 = $290

time t = 3 year

solution

we get here present value of cash-flow stream that is express as

present value = $\frac{C1}{(1+r)} + \frac{C2}{(1+r)^2} + \frac{C3}{(1+r)^3}$ ......................1

put here value and we get

present value = $\frac{190}{(1+0.05)} + \frac{390}{(1+0.05)^2} + \frac{290}{(1+0.05)^3}$

present value = $785.21

6 0

2 years ago