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How does immigration not lead to poverty?

Ira Lisetskai [31]

Answer:

Poverty rates and median family income

Indeed, the poverty rate of recent immigrants is more than twice that of U.S. natives. Because of this, at any point in time, the poverty rate would most certainly be lower in the absence of immigration. Also, increasing the immigrant share will raise the poverty rate.

Explanation:

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7 0

3 years ago

Liang Company began operations on January 1, 2017. During its first two years, the company completed a number of transactions in

amm1812

Answer:

journal entries for 2017:

Dr Accounts receivable 1,347,100

Cr Sales revenue 1,347,100

Dr Cost of goods sold 983,600

Cr Merchandise inventory 983,600

Dr Bad debt expense 21,100

Cr Accounts receivable 21,100

Dr Cash 667,400

Cr Accounts receivable 667,400

Dr Bad debt expense 16,465

Cr Allowance for doubtful accounts 16,465

Ending balance of accounts receivable = $658,600

Ending balance of allowance for doubtful accounts = $16,465

Bad debt expense for the year = $37,565

journal entries for 2018:

Dr Accounts receivable 1,501,200

Cr Sales revenue 1,501,200

Dr Cost of goods sold 1,291,000

Cr Merchandise inventory 1,291,000

Dr Allowance for doubtful accounts 28,100

Cr Accounts receivable 28,100

Dr Cash 1,282,100

Cr Accounts receivable 1,282,100

Dr Bad debt expense (= 21,240 + 11,635) 32,875

Cr Allowance for doubtful accounts 32,875

Ending balance of accounts receivable = $849,600

Ending balance of allowance for doubtful accounts = $21,240

Bad debt expense for the year = $32,875

4 0

3 years ago

During a recession the economy experiences a. rising employment and income. b. rising employment and falling income. c. rising i

Digiron [165]

Answer: Option (b) is correct.

Explanation:

Correct option: Rising employment and falling income.

According to Keynes, the main cause of recession is inadequate aggregate demand. When the total demand for goods and services falls as a result sales of the firms decreases.

Lower demand for the products induce firms to cut down their production which results in unemployment. So, unemployment increases and lower profits further depressed demand for the goods and services. This will also lead to further reduction in income level.

Hence, during a period of recession an economy experiencing a higher unemployment and lower income.

3 0

3 years ago

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Jones Company's inventory cost is $100. The expected sales price is $110. The company estimates sales cost as 10% of the sales p

Mamont248 [21]

Answer:

The inventory is valued at $99

Explanation:

The lower of cost and net realizable approach to valuing inventory is used at year end to value stock of inventory and it involves valuing the closing stock at the lower of cost price and net realizable value(NRV).

The net realizable value is the expected sales price less the cost of making the sale.

The cost price is $100

NRV=$110-($110*10%)=$99

Since the NRV is lower,the inventory item is valued at $99 per item of inventory.

8 0

3 years ago

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[The following information applies to the questions displayed below.]

Bumek [7]

Answer:

1.$4.58 per cases

2. Extra Fine $14.58

Family Style $13.58

3a. Extra Fine $4.42

Family Style $0.58

3b. What might the management conclude about the Family Style Salsa product line is that Family Style salsa are not yielding profit which may inturn make the company to stop the production of the product in a situation where the cost are not reduced

Explanation:

1. Computation for the overhead cost that is assigned to each case of Extra Fine Salsa and each case of Family Style Salsa using Plantwide overhead rate

Using this formula

Overhead cost=Total overhead cost/Total volume

Let plug in the formula

First step is to calculate the Total overhead cost

Total overhead cost = $132,300+ $347,000+$208,000

Total overhead cost =$687,300

Second step is to calculate the Total volume

Total volume= 34,000 +116,000

Total volume=150,000 cases

Now let calculate the Overhead cost

Overhead cost=$687,300/150,000 cases

Overhead cost=$4.58 per cases (rounded)

Therefore since we are making use of plantwide rate which means that same overhead cost of the amount of $4.58per cases will be assigned to each of the two case .

2. Calculation to determine the total cost per case for the two products

Extra Fine Family Style

Direct materials + Direct Labor $ 10.00 $ 9.00

Add Overhead $4.58 $4.58

Manufacturing cost per case $ 14.58 $ 13.58

Therefore the the total cost per case for the two products will be:

Extra Fine $14.58

Family Style $13.58

3-A Calculation to determine the gross profit per case for each product.

Extra Fine Family Style

Selling price per case $ 19.00 $ 13.00

Less Manufacturing cost per case $14.58 $13.58

Gross profit (loss) per case $ 4.42 $ (0.58 )

Therefore the gross profit per case for each product will be ;

Extra Fine $4.42

Family Style $0.58

3-b. What might the management conclude about the Family Style Salsa product line is that Family Style salsa are not yielding profit because they are not profitable which may inturn make the company to stop the production of the product In a situation where the cost are not reduced .

4 0

3 years ago