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Aloiza [94]
3 years ago
10

The three people described below are categorized as unemployed by the Bureau of Labor Statistics,

Business
1 answer:
taurus [48]3 years ago
5 0

Answer: a) Cyclically unemployed

b)Frictionally Unemployed

c) Structurally Unemployed

Explanation:

First off let us define each.

Frictional Unemployment is the simple movement of people from one job to another or simply people entering the job market for the first time.

Structural Unemployment is as a result of people losing jobs due to a mismatch in skill or preference as well as the rise of technological or Economic Advances.

Cyclical Unemployment occurs when people lose jobs because the Economy is see hard times and cannot give people full employment.

Now that we have a rudiment grasp, let us categorize.

a. Lucia is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. CYCLICALLY UNEMPLOYED.

b. Ginny is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several prestigious hospitals in the San Francisco Bay Area. FRICTIONALLY UNEMPLOYED.

c. Eric left his job as a plumber when his wife took a position in another region. The quantity of plumbing services demanded is considerably lower in the new region, in part because of high, union-negotiated wages. He would like to work at the high union wage but remains unemployed due to a lack of plumbing jobs. STRUCTURALLY UNEMPLOYED.

If you need any clarification do comment.

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Answer: The important thing is to listen and try to offer solutions.

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Which of the following statements accurately describes the relationship between earnings and dividends when all other factors ar
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Answer:

a.) Long-run earnings growth occurs primarily because firms retain earnings and reinvest them in the business.

Explanation:

Retained earnings are portions of a firm's net income that is plowed back into the business. For example if it makes a net income of $2,000,000 and it pays out 30% of that as dividends, the dividends in dollars would be 0.30*2,000,000 = $600,000. The remaining portion i.e 70% is retained back into the company, hence the amount would be 0.70*2,000,000 = $1,400,000.

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4 years ago
Penny, Inc. employs a process costing system. Direct materials are added at the beginning of the process. Here is information ab
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Answer:

Equivalent Units                   14,380

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Started Units during July     15,000

Ending Inventory 1,600(1-.4)    (960)

Equivalent Units                   14,380

<u>Reasoning</u>

We have to complete the beginning WIP which are laking 40% (1-0.6)

We start doing 15,000 units.

We left 1,600 units at 60% undone (1-0.4)

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