Answer:
4,000
Explanation:
Ron has a life insurance policy with a face value of 100,000
The consumer price index has gone up by 4%
Therefore the increase in the policy face value can be calculated as follows
= 100,000 × 4/100
= 100,000 × 0.04
= 4,000
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.
Answer: Option (C) is correct.
Explanation:
Total current assets = $658,000
Current Assets = total current assets - purchased equipment - salaries paid + Borrowings
= $658,000 - $2000 - $560 + $80000
= $735,440
Total current liabilities = $365,000
Working Capital of James as on December 31, 2013:
= Current Assets - Current Liabilities
= $735,440 - $365,000
= $370,440
DEBIT TO ALLOWANCE for Doubtful Accounts and a credit to Accounts Receivable.
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When a specific customer's account is identified as uncollectible, it is written off against the balance in the allowance for bad debts account.
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Answer:
Option C) Medoc Company's Break Even Point is 34,100 Units
Explanation:
Break Even point is defined as the level of activity or production at which the company's Total Sales Revenue is equal to its total expenses. In other words, Break Even Point is No Profit, No Loss Point.
Break Even Point in Units = Total Fixed Costs ÷ Contribution Per Unit
where:
Contribution per unit = Selling Price per unit - Variable Costs per Unit
<u></u>
<u>Calculations:</u>
Contribution per Unit = $6.30 - $4.55 = $1.75
Break Even Point in Units = $59,675 ÷ $1.75
Break Even Point in Units = 34,100 Units
