Answer:
E. a 17-year-old single parent who has just been laid off and is looking for a new job
D. a student who quit college to look for a modeling job in New York
Explanation:
who <u>would </u>be counted as unemployed?
The unemployed rate only considers unemploye people in the labor force who is actively looking for a job currently.
<u>A and C:</u> As this lady cease to looking for a job it will not be considered part of the labor force same case for the student. Is not part of the labor force as it not looking for a job right now,
<u>F and G: </u>these people are employeed so count as employees.
B. an able-bodied 53-year-old who took an <u>early retirement</u> package from her employer Is retired and we aren't given with the information is looking for a job. So, it will not count as unemployeed
D and E are both willing to work and are looking actively for a job.
Thus, they count as unemployed.
The ending owner’s capital balance after closing is $382,300.
The company had a net profit for the year of $91,300. This is calculated by subtracting expenses from net income. $205,000-$113,700 = $91,300.
In order to calculate the the ending owner’s capital for the year the accountant will add the net income to the starting owner’s equity, and then subtract the amount that the owner withdrew from the business.
Starting owner’s equity ($317,000 ) + net income ($91,300) = $408,300 and then subtract the amount withdrawn ($26,000) = $382,300, which is the ending owner’s equity balance.
The answer to this is none of the above. Small lean mean agencies which operate on low overheads and do quality work by hiring experts on job basis are not in the choices. They are not regarded as hot, advertising, or cold shops.
Answer:
Credit to Prepaid insurance for $400 and Debit to Insurance expense for $400
Explanation:
The journal entry is given below:
Insurance expense ($4800 × 1 ÷ 12) $400
Prepaid Insurance $400
(To record insurance expense)
Here the insurance expense is debited as it increased the expense and credited the prepaid insurance as it decreased the assets
Answer:
It will increase by 50%
Explanation:
Equity is given as: credit - short market value.
Find attached below table of solution
