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meriva
3 years ago
10

In november 2010 the labor force in siouxtown, was 14,800. there were 14,483 persons employed. the local unemployment rate:

Business
1 answer:
seropon [69]3 years ago
3 0
Labor force=employed+unemployed
14800=14483+unemployed
Unemployed=14,800−14,483
Unemployed=317

Unemployment rate
=unemployed÷labor force
=317÷14,800
=0.0214×100
=2.14% ....answer
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Answer:

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Total receipts                 141,000       139,000         178,000      $398,000

Cash Payments              111,000        97,900          125,400        334,300.00

Interest                                                    520                 308.40          828.40

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Total payments              111,000      109,000            141,128.40    361,128.40

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Explanation:

a) Data and Calculations:

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July            $ 83,000        $ 111,000

August        109,000           97,900

September 148,000          125,400

Minimum cash balance = $30,000

Interest on borrowings = 2% per month

July ending:

Borrowing to maintain minimum cash balance = $26,000

Interest for August = $520 ($26,000 * 2%)

August ending:

Loan balance = $15,420 ($26,000 - $10,580)

Interest for September = $308.40 ($15,420 * 2%)

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