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3 years ago

Which of the following statements about recessions is false?

2 answers:

7 0

The correct answer is choice D-

It not true that a recession is usually no longer than six months. A recession van be longer than 6 months (it takes a 6 months fall in real GDP for a recession to occur), but a recession generally does not last longer than a year. Beyond a year, the situation is much severe, and is called an economic depression.

blsea [12.9K]3 years ago

6 0

The correct answer is D. A recession is usually no longer than six months.

Recession is termed as contraction of business cycle whereby we can say that there is slowdown in economic activities.

Macroeconomic indicators shows that there might be rise in the rate of unemployment, business profit, bankruptcy, capacity utilization, household income and gross domestic product.

When there is bigger spread of spending that is the time when recession occurs. Some events which may trigger to recession include external trade shock, adverse supply shock, financial crisis and bursting of economic bubble.

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Assume December 31 is a Wednesday. Weld-Rite Company’s wages are paid every Friday, and the weekly payroll (for five days) amoun

AlexFokin [52]

Answer:

Please see explanation

Explanation:

The following journal entry shall be recorded in the accounts of Weld-Rite Company in respect of salaries expense to be accrued as at December 31:

Debit Credit

Salaries expense $3,600

(6,000/5*3)

Salaries payable $3,600

4 0

3 years ago

!!50 Points answer quickly!!

Olin [163]

Answer:

i think it's

jesse

Explanation:

7 0

2 years ago

You want to start a business that you believe can produce cash flows of $44,000, $61,000, and $80,000 at the end of each of the

madam [21]

The present worth of this business it has been calculated is given as $302,898.

How to solve for the worth of the business

In the first year

Cash flow = 44000

PVF at 9.7% = 0.91158

The present value = 0.91158 * 44000

= $40106

In the second year

Cash flow = $61,000,

PVF at 9.7% = 0.83097

The present value = $50689.17

In the third year

Cash flow = $80,000

PVF at 9.7% = 0.7575

The present value = $60600

In the 4th year

Cash flow = $200,000

PVF at 9.7% = 0.7575

The present value = $151,500

The worth of the business today is going to be the sum of all the present values

= $151,500 + $60600 + $40106.52 + $50689.17

= $302,898

Read more on present value here: brainly.com/question/20813161

#SPJ1

5 0

2 years ago

As a business owner, you're responsible for making the decisions that pertain to the profitability of your business. This decisi

kobusy [5.1K]

Answer: Independence

Explanation: Independence can be explained as a state of existence where one's personal decisions, actions or steps does not hinge on another person's approval or acceptance. It could be seen as a state of autonomy where one can personally decide and actions one feels is best for a certain process at a particular time.

As a business owner, one thinks and acts based on one's personal volition of what is best for his or her business without having to sit and discuss with a group of individual's who may habiur different perceptions or scope. This freedom is usually enjoyed by small business owners rather than large groups of companies or corporations.

7 0

3 years ago

A company sells goods for $150,000 that cost $54,000 to manufacture. Which statement is true? a. The company will recognize sale

kirza4 [7]

Answer:

The correct answer is C

Explanation:

Finished goods are those goods which have been finished or completed through the process of the manufacturing or purchased or bought in the completed form, but not sold yet to the customers.

The finished goods cost or expense is considered to be a asset which is short term in nature, which is expected to be sold in less than a year or period.

So, when the company sold the goods that worth $54,000 to the manufacture for $150,000, this will lead to decrease in the finished goods of the company which worth $54,000.

7 0

3 years ago