Answer:
.d. is present even when labor markets are working well.
Explanation:
Frictional unemployment occurs when one is searching for their first job. It also comes about when workers are shifting from one job to another. Frictional unemployment is naturally occurring. It is present even when the economy is considered to be in full employment.
Before a college graduate finds their first job, they will be frictionally unemployed. A worker in between jobs is also frictionally unemployed. During times of economic downturns, frictional unemployment does not increase like other forms of unemployment.
Answer:
A.
Explanation:
Determining whether a good is normal or inferior depends on individuals. When there is a rise in the income of a person and he/she buy more of a good, it shows that good is normal. When there is a rise in a person income and there is a decrease in the demand for goods, then the product is inferior.
Therefore, it is an individual who determines whether a good is normal or inferior. Thus option A is correct.
Answer: it is price floor
Explanation:
5$ is the lowest the price can go because they will NOT set it any lower, but it can go higher from there.
i took the testtoo, i got it correct.
floor is the lowest price, ceiling is the highest.
Answer:
Audit Risk and Materiality
These two concepts have an inverse relationship. When the materiality level is set low, the audit risk envisaged by the auditor is on the high side. When the materiality level is set high, the audit risk as perceived by the auditor is on the low side.
But, what exactly is materiality? Materiality refers to the basis that can change or influence the judgment of a reasonable person arising from a quantitative and qualitative omission or misstatement of a fact. And audit risk refers to the risk of material misstatement in the financial statements presented by a company.
Explanation:
The risk of material misstatement in the financial statements is the reason that professional auditors design their audit procedures to reduce the audit risk to an acceptably low level. This implies that auditors gather more audit evidence when the materiality is set to a low level, showing that audit risk has increased and vice versa.
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $100,000
To Notes payable A/c $100,000
(Being the issuance of the note payable is recorded)
For recording this transaction, we debited the cash account as it increases the asset and credited the note payable account as it also increases the liabilities account
