Answer:
e. Samantha, who quits her job to look for a better one
Explanation:
This is a topic in economics and business that seeks to test your understanding of business cycles. This particular question is on frictional unemployment.
The main feature of frictional unemployment is that there is someone or a group of people who are actively looking for work. They remain unemployed until they find work.
The other answers in the question point to people who are not looking for work and thus do not make up part of the frictionally unemployed population group.
E.g Sylvia quit her job to spend more time with the kids, the college student who quit work to return to school etc... all these are not actively looking for job.
I hope this helps you understand the question better and you can solve similar questions
Answer:
Accept the offer because it will generate incremental net income of $12,600
Explanation:
If Oak accepts the offer, its incremental revenue would be;
4,200 × $70 = $294,000
Its incremental cost would be ;
4,200 × $67 = $281,400
Incremental net net income for the order would be ;
$294,000 - $281,400 = $12,600. Accept the offer.
Answer:
B) A credit to Revenues-Change in Fair Value of Investments in the amount of $100,000.
Explanation:
Government entities have to record transactions using the fair market value of assets. In this case, the fair market value was $100,000 higher than the cost of the transferred investments. So that difference has to be adjusted using the Revenues-Change in Fair Market Value of Investments account.
Answer:
Explanation:
In this question, we assume that the financial year is the calendar year
The financial year is remaining for 5 months whereas the calendar year is remaining for 6 months
So for 5 months, the rent would be treated as income
And for 1 month, it would be treated as a liability
If the appropriate adjusting entry is not made.
So, the effect would be
(a) Income statement account = Revenue is overstated, expense = no effect
(b) Net Income = Since revenue is overstated, so net income is also overstated
(c) Balance Sheet account = Assets = no effect, liabilities = understated and retained earnings = overstated