All categories

3 years ago

The recession of 2007minus 2009 began in , with the end of the economic expansion that had begun in .

1 answer:

4 0

The recession of 2007minus 2009 began in December 2007, with the end of the economic expansion that had begun in November 2001. The employment decline experienced during the December 2007 June 2009 recession was greater than that of any recession of recent decades. 47 months after the start of the most recent recession (November 2011), employment was still over 4 percent lower than when the recession began.

You might be interested in

Compass Inc. purchased 1250 bags of insulation, on account, from Glassco Inc. The bags of insulation cost $5.50 each. Compass pa

Alina [70]

Solution and Explanation:

Journal entry to record the purchase the bags of insultaion.

Date Particulars Debit Credit

Inventory $6875

accounts payable $6875

(Purchased insulated bags from Glassco Inc., 1250bags at the rate $5.5 each)

entry to record the payment for shipping

Inventory $320

cash $320

( paid shipping charges for bags to warehouse)

entry for return of the defective bags

accounts payable $275

Inventory $275

( returned defective bags to glassco Inc)

To record the payment for the bags kept by compass.

Accounts payable $6600

cash $6600

( payment for remaining bags to Glassco Inc., )

4 0

3 years ago

Sanyo Corporation manufactures a popular model of business calculators in a suburb of Seoul, South Korea. The production process

Elden [556K]

Question a)

The sum of the Total assets plus total fixed assets results in total assets.

Question b)

The division of Net sales over total assets results in Asset Turnover

Question c)

The subtraction of the cost of good sold from net sales is equal to the gross margin

Question d)

The subtraction of Operating expenses from gross margin results in the Net Operating profits, before the taxes.

Question e)

The subtraction of Taxes from Net Profit before tax results in Net profit after taxes

Question f)

The division of Net profit after tax over the Net saves gives you the Net profit margin percentage.

Question g)

The division of Net profit Margin percent over the asset turnover results in a return on assets.

5 0

3 years ago

The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet Sales $ 14,500 Current asse

Katena32 [7]

Answer:

0.1046 or 10.46%

Explanation:

The computation of the sustainable growth rate is shown below:

The Sustainable growth rate of the firm is

= Return on Equity × ( 1 - Dividend Payout Ratio )

where,

Dividend Payout Ratio = 30%

And,

Return on equity is

= Net Income ÷ Shareholder 's equity

= $3660 ÷ $ 24,500

= 0.14938

So,

Sustainable growth rate is

= 0.14938 × (1 - 30%)

= 0.1046 or 10.46%

8 0

3 years ago

Assume that the interest rate on borrowings in india is 1 percent while the interest rate on bank deposits in a u.s. bank is 6 p

BARSIC [14]

Those who try to benefit from a carry trade are hoping to borrow money at a low interest rate so that they can invest in something that will provide a higher return. People commonly do this between different foreign exchange markets to make the most on their return from investing in different country currencies.

3 0

3 years ago

240 individuals are recruited in this trial, and the new treatment is effective on 60 of them. What is the p-value associated wi

larisa [96]

Answer:

Explanation:

Experiments were performed for 240 people, 60 people test positive.

Step 1: we calculate the sample proportion; p= 60/240= 0.25.

Step 2: calculate the standard error for the sample, which is the square root of sample proportion,p = p(1-p)/n, n=100

0.25(1-0.25)/100

= 0.04.

Step 3: calculate the test statistics; assuming the hypothesis test percentage is 25%

Then, we say 0.25-1=0.75

-0.75/0.04

= -1.875.

In particular, the sample results are -1.875 standard error.

Probability of Z is less than -1.875.

Look up it value in the Z table

3 0

3 years ago

The recession of 2007minus 2009 began in​ ________, with the end of the economic expansion that had begun in​ ________.

The recession of 2007minus 2009 began in , with the end of the economic expansion that had begun in .