Answer:high unemployment and high deflation.
Explanation: The Great depression was a result of stock crash in 1929 which created a terrible and devastating economical situation in the U.S. economy. Almost 50% banks were failing. There was a high and devastating rate of unemployment which increased up to 25% in the U.S and in other states it went to a 35%rise. Many people were homeless and housing prices plummeted or plunged such that they were 30%lpwer than their original economical prices. International trade went down by 65% and prices fell by 10% per each year ;hence we can see that the state was facing acute deflation and highest level of unemployment.
Answer:
D) The proceeds that exceed the mortgage balance are used to pay all other claims and creditors.
Explanation:
If the borrower filed for a chapter 7 bankruptcy, and the proceeds from the sale of the real estate exceed the mortgage value, then all the excess amount is used to pay other creditors.
Only if all the claims and creditors have been paid and there is still some money left, should that excess amount go to the borrower.
Answer:
a. the law of supply.
Explanation:
This pay scale agrees with the law of supply, which states that the higher the price, the higher the supply. We will observe that the higher the pay scale the higher the number of hours worked per week.
Answer:
variable overhead efficiency variance= $22,780 unfavorable
Explanation:
Giving the following information:
Standard hours per unit of output 7.0 hours
Standard variable overhead rate $ 13.40 per hour
Actual hours 2,725 hours
The actual output of 150 units
To calculate the variable overhead efficiency variance, we need to use the following formula:
variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Standard quantity= 150*7= 1,050 hours
variable overhead efficiency variance= (1,050 - 2,750)*13.4
variable overhead efficiency variance= $22,780 unfavorable