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Gennadij [26K]
3 years ago
8

Which unemployment "category" describes each situation below?

Business
1 answer:
allochka39001 [22]3 years ago
3 0

Answer:

a. landscapers laid off in response to drop in new housing construction during a recession: CYCLICAL UNEMPLOYMENT

b. coal miners laid off due to EPA regulations that shut down a coal fired power plant: STRUCTURAL UNEMPLOYMENT

c. a financial analyst who quits his/her job in Chicago and is pursing similar work in Arizona: FRICTIONAL UNEMPLOYMENT

d. printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote and advertise their products: STRUCTURAL UNEMPLOYMENT

e. factory workers in the U.S. laid off as the plants shut down and move to Mexico: FRICTIONAL UNEMPLOYMENT

f. Jack graduated from college last month, but he has not yet started looking for a job: FRICTIONAL UNEMPLOYMENT

g. Professor H took 6 months off from his job at Gigantic U, and is now working on a fishing boat in Alaska: FRICTIONAL UNEMPLOYMENT

Explanation:

Unemployment is a situation or period of time whereby people are looking for jobs but they can't find any jobs.

We have three types of unemployment. They are:

1. Structural Unemployment: This is a type of unemployment whereby people are unemployed because their skills no longer match the jobs that are available due advancement in technology, specific academic requirements or training skills.

2. Frictional unemployment: This is a situation whereby people are unemployed because people are looking for new jobs, or changing from one job to another.

3. Cyclical Unemployment: This is the type of unemployment or period of time whereby people are unemployed because there is a decline in the economic system of a country for example economic recession.

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Tate's annual salary is $36,460 paid twice each month. How much is
Kazeer [188]

Answer:

$93

Explanation:

Social security tax is a constant figure of 6.2% for each paycheck.

Tate's annual pay is $36,000. If she is paid twice per month, it means she has 24 paychecks. ( 12 months x 2 payments).

For each payment, she receives, $36,000 divide by 24 paychecks

=$36,000 /24

=$1500

Amount withheld for each paycheck is

=6.2% of $1500

=6.2/100 x 1500

=0.062  X 1500

=$93

8 0
3 years ago
Fabrick Company's quality cost report is to be based on the following data: Lost sales due to poor quality $ 78,000 Quality data
Makovka662 [10]

Answer:

$102,000

Explanation:

Calculation to determine What would be the total appraisal cost appearing on the quality cost report

Using this formula

Total appraisal cost=Test and inspection of in-process goods + Final product testing and inspection

Let plug in the formula

Total appraisal cost=$ 24,000+$78,000

Total appraisal cost=$102,000

Therefore What would be the total appraisal cost appearing on the quality cost report is $102,000

8 0
3 years ago
The following errors took place in journalizing and posting transactions:
yuradex [85]

Answer:

<u>Journal 1</u>

Debit : Prepaid Expense $37,600

Credit : Cash $18,800

Credit : Insurance Expense $18,800

<u>Journal 2</u>

Debit : Dividends $18,000

Credit : Wages $18,000

Explanation:

Journal 1

The first error has to be corrected by debiting the Prepaid Expenses by twice the amount paid to cancel the effect of a credit entry made to that account. Cash is credited to show the correct credit entry that was supposed to be made. Insurance expense is credited to cancel the debit entry made to this account in error.

Journal 2

The error made is called error of principle. This is were the transaction is recorded in the wrong class of accounts. Simply, Debit the Dividends and credit the Wages Account to record and reverse the error out of the Wages Account into the Dividends Account.

6 0
3 years ago
Why do you think pmi created a separate knowledge area for stakeholder management?
DaniilM [7]
PMI stands for the project management institute and organization which in non-profit for the project management in the United States.
And i think Project management institute created separate knowledge area for stakeholder management to keep the information of stakeholder control within the task or project.
3 0
3 years ago
Irene wants to start a business selling t-shirts. irene's top priority is that she alone has complete control over management de
antoniya [11.8K]

The answer is LLC or also known as Limited Liability Company. This type of hybrid legal entity has the characteristic of mixed characteristics of a partnership, sole proprietorship and even a company in which they have a limited liability that could also be similar to shareholders in a corporation.

3 0
3 years ago
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