Which of the following statements is true of the methods for allocating joint costs? The sales value at splitoff method allocate
1 answer:
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Answer:
O The size of the labor force is 40 million
Explanation:
Given:
Participation rate is 75%
Unemployment rate is 10%
Employment rate is 67.5%
The number of employed is 27 million.
As the employment rate is 67.5% of the size of the labor force which means that 27 million people are employed, we can say that number of people are employed equals to 67.5 percent of the total size of the labor force and we can write it numerically as:
27 = size of the labor force 67.5%
27 = size of the labor force
27 = size of the labor force
Dividing both side by 0.675
Size of the labor force = 40 million
Therefore, (O The size of the labor force is 40 million) option is correct.