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ch4aika [34]
3 years ago
5

g the following population and employment data for the United States (2000–2016), answer three questions. Instructions: Enter yo

ur responses rounded to one decimal place. If the number is decreasing, be sure to enter a negative sign (-) in front of that number. Between 2005 and 2014, by how much did a. The labor force change? 6602.0 million b. Unemployment change? -2028.0 million c. Employment change? 4574.0 million

Business
1 answer:
NARA [144]3 years ago
6 0

Answer:

a) 6602.0 million

b) 2,026.0 million

c) 4,576.0 million

Explanation:

FIrst and foremost, the image or picture for the beginning part of the question on Population and employment data for the United Staates (2000-2016) is attached below. This will be used to answer the questions.

Soluton

a) Between 2005 and 2014, by how much did a. The labor force change?

The way to answer this question is to consider the labour force in 2014 and then compare it to the labour force in 2005

Labour force in 2014 = 155,922,000

Labour force in 2005  =149,320,000

It means the change in labour force = 155,922,000 - 149,320,000 =

6,602,000 or apporximately 6602.0 million

b) Change in Unemployment

The Unemployment figure for 2014 is 9,617,000

The figure for 2005 = 7,591,000

= 9,617,000-7,591,000 = 2,026,000 or 2,026.0 million

C) Change in Employment

To calculate this figure, we use the folliwng formula

Employed in 2014 = The labour of 2014 - the unemployed in 2014

Employed in 2005 = The labour of 2005 - the unemployed in 2005

Empoyed in 2014 = 155,922,000- 9,617,000 = 146,305,000‬

Employed in 2005  = 149,320,000- 7,591,000 = 141,729,000

= 146,305,000 - 141,729, 000 = 4,576,000 or 4,576.0 million

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denpristay [2]

Answer:

CD City

a. Journal Entries, using perpetual inventory system:

July 3:

Debit Inventory $1,350

Credit Accounts Payable (Wholesale Music) $1,350

To record purchase of CDs on account, terms, 2/10, n/30.

July 4:

Debit Freight-in $110

Credit Cash $110

To record cash payment for freight.

July 9:

Debit Accounts Payable (Wholesale Music) $200

Credit Inventory $200

To record return of CDs.

July 11:

Debit Accounts Payable (Wholesale Music) $1,150

Credit Cash Discount $23

Credit Cash $1,127

To record full settlement on account.

July 12:

Debit Accounts Receivable $3,900

Credit Sales $3,900

To record sales of CDs on account.

Debit Cost of Goods Sold $2,050

Credit Inventory $2,050

To record the cost of sales.

July 15:

Debit Cash $3,900

Credit Accounts Receivable $3,900

To record cash receipt from customers.

July 18:

Debit Inventory $2,150

Credit Accounts Payable (Music Supply) $2,150

To record purchase of CDs on account, terms, 2/10, n/30.

July 22:

Debit Cash $3,250

Credit Sales $3,250

To record cash sales.

Debit Cost of Goods Sold $1,550

Credit Inventory $1,550

To record cost of sales.

July 28:

Debit Accounts Payable (Music Supply) $110

Credit Inventory $110

To record return of CDs.

July 30:

Debit Accounts Payable (Music Supply) $2,040

Credit Cash $2,040

To record full settlement.

b. Top Section of Multiple-step Income Statement for the month of July:

Sales                              $7,150

Cost of Goods Sold = ($3,600)

Gross Profit             = $3,550

Explanation:

a) Sales

July 12 =  $3,900

July 22 = $3,250

Total $7,150

b) Inventory

Beginning Balance = $2,450

July 3 purchase    =      1,350

July 9 return         =       -200

July 12 cost of sales  -2,050

July 18 purchase   =     2,150

July 22 cost of sales  -1,550

July 28 return       =        -110

Ending Balance    =  $2,040

c) Cost of Goods Sold

July 12 cost of sales  $2,050

July 22 cost of sales    1,550

Total  $3,600

8 0
3 years ago
Wren and Zola are on a team that has been assigned to cut production costs in an electronic component production facility. For s
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Answer:

B) Norming

Explanation:

Analyzing the scenario above, it is possible to state that Wren and Zola are in the team development norming stage.

At this stage, there is an increase in the identification of the role of each member and their goal in a team. There is a decrease in previous conflicts and an increase in group identity, which helps to develop tasks more effectively and jointly, where each member has a well-defined responsibility and the leader has the essential role of regulating the group and assisting in the development the responsibilities of each one, which will lead to effectiveness in achieving the team's objectives.

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3 years ago
The management of Furrow Corporation is considering dropping product L07E. Data from the company’s budget for the upcoming year
Maru [420]

Answer:

Sales                                                                              950,000

Less: Relevant cost:

Variable expenses                                                         380,000

Avoidable fixed manufacturing expenses                    217,000

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Contribution                                                                    175,000

The total profit of Furrow Corporation reduces by $175,000 if the product is discontinued.

Explanation:

In this question, there is need to determine contribution, which is the excess of sales over relevant costs. Relevant costs are comprised of variable cost and avoidable fixed costs. The product should not be discontinued since the contribution is positive. Deleting a product with positive contribution reduces the total profit of the company by the amount of positive contribution.

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3 years ago
The Rockies Division operates as a profit center. It reports the following for the year. Budgeted Actual Sales $1,969,700 $1,829
Eduardwww [97]

Answer:

IMPORTANT NOTE: The data of the calculation was obtained from an online research.

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
6 0
3 years ago
Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with
vekshin1

Answer:

59,700 units

Explanation:

The computation of the equivalent units for the conversion cost is shown below:

= Opening work in process units × completion percentage + units started and completed × completion percentage + ending work in process units  × completion percentage

= 4,600 units × 100% + 36,500 units × 100% + 31,000 units × 60%

= 4,600 units + 36,500 units + 18,600 units

= 59,700 units

6 0
3 years ago
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