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1 year ago

Frictional unemployment occurs because in a world of imperfect information, it takes ________ for people to find jobs.

1 answer:

6 0

Because it takes time for people to find work in a society with poor information, frictional unemployment happens.

The unemployment that results from regular labor turnover, such as persons joining and leaving the labor force, as well as the continuous creation and destruction of jobs, is known as frictional unemployment. It comprises employees who are either looking for employment or holding out for a job soon.

Frictional unemployment has the following examples: employees looking for new jobs after quitting their existing ones, employees want to shift careers. Those looking for their first job after graduating from college or those starting their first career in the workforce.

To learn more about frictional unemployment

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The manager can invest in an additional project that would require $40,000 investment in additional assets and would generate $6

Makovka662 [10]

Answer:

d. If the manager invests in the additional project, residual income of the division will increase.

Explanation:

RI = Operating Income - (Operating Assets x Minimum Required Rate of Return)

with adding the additional project

Operating Income: $60000 +6000 =$66000

Operating Assets: $375000+$40000 =$415000

Residual income =$66000-14%*$415000 =$7900

Consider the attached information.

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3 years ago

Managerial accounting differs from financial accounting in that managerial accounting A. is required by Generally Accepted Accou

snow_tiger [21]

Answer:

The correct option is (b)

Explanation:

Managerial accounting is for internal purpose for the managers for decision making. It is not mandatory as per GAAP, unlike financial accounting. Transactions are recorded as per the understanding of managers and not as per specific standards,

Managerial accounting focuses on data being relevant and not necessarily objective. Since, it caters to internal users, it is customized as per their requirement. Financial accounting, on the other hand needs to be highly objective as it caters to a wider audience who need transparent and reliable financial information.

Therefore, managerial accounting focuses on data relevance over data objectivity.

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3 years ago

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Nat2105 [25]

Answer:

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2 years ago

A savings account is useful for all of the following purposes EXCEPT…

Dimas [21]

Answer:

The correct answer is letter "A": Putting aside money for retirement.

Explanation:

Savings accounts are those where individuals' can deposit money to profit from the annual interest banks and financial institutions provide. Retirement accounts, on the other hand, are those funded with money discounted from employees' paychecks and do not allow withdrawals unless there is a major qualifying event -if the type of retirement account allows it.

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3 years ago

Read 2 more answers

You want to quit your job and go back to school for a MBA 4 years from now, and you plan to save $8,800 per year, beginning imme

dsp73

Answer:

d. $40,510.15

Explanation:

The following tables will make it easier understanding the calculations.

Every year, you add the deposit of $8,800 to the starting amount, calculate the 5.7% interest over the balance, add the interests to the balance and obtain the final balance of the year, which is the starting balance of the next year.

First year:

Start ($): 0

Deposit ($): 8,800

Balance ($): 8,800

Interest($): 5.7% × 8,800 = 501.60

Final balance ($): 8,800 + 501.60 = 9,301.60

Second year:

Start ($): 9,301.60

Deposit ($): 8,800

Balance ($): 9,301.60 + 8,800 = 18,101.60

Interest($): 5.7% × 18,101.60 = 1,031.79

Final balance ($): 18,101.60 + 1,031.79 = 19,133.39

Third year:

Start ($): 19,133.39

Deposit ($): 8,800

Balance ($): 19,133.39 + 8,800 = 27,933.39

Interest($): 5.7% × 27,333.39 = 1,595.20

Final balance ($): 27,933.39 + 1,595.20 = 29,525.59

Fourth year:

Start ($): 29,525.59

Deposit ($): 8,800

Balance ($): 29,525.59 + 8,800 = 38,325.59

Interest($): 5.7% × 38,325.59 = 2,184.56

Final balance ($): 38,325.59 + 2,184.56 = 40,510.15

7 0

3 years ago