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Klio2033 [76]
3 years ago
12

Gomer loses his job as a road construction worker and cannot find another position with equivalent pay and benefits. As a result

, he is still checking the want ads and reporting to the unemployment office on a weekly basis. He is considered to be:__________.A. laid off.B. underemployed.C. out of the labor force.D. unemployed.
Business
1 answer:
vagabundo [1.1K]3 years ago
4 0

Answer: Unemployed.

Explanation:

Gomer is unemployed because he is willing and qualified to work but cannot secure a job. An individual is said to be unemployed if they are unable to secure a job after several attempts to get a job. While a person is said to be under-employed if the person is paid less than what he/she is worth based on qualification.

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At the end of April, Cavy Company had completed Job 766 and 765. According to the individual job cost sheets the information is
bija089 [108]

Answer:

a)

Job          Direct Materials     Direct Labor     overhead         Total Job cost

Job 765               $6,160           $1,848              $3,366                 $11,374

Job 766               $10,944         $3,456             $9,792                $24,192

b)

For Job 765 = $86.167

For Job 765 = $126

Explanation:

Data provided in the question:

Job                 Direct Materials            Direct Labor          Machine Hours

Job 765               $6,160                         $1,848                      22

Job 766               $10,944                       $3,456                     64

Overhead rate = $153 per hour

Job 765 consisted = 132 units

766 consisted = 192 units

now,

Overhead = Machine Hours × Overhead rate

For Job 765 = 22 × 153

= $3366

For Job 766 = 64 × 153

= $9792

Total job cost i.e  balance on the job cost sheets

= Direct Materials  + Direct Labor + overhead

a)

Job          Direct Materials     Direct Labor     overhead         Total Job cost

Job 765               $6,160           $1,848              $3,366                 $11,374

Job 766               $10,944         $3,456             $9,792                $24,192

b)

Cost per unit = [ Total job cost ] ÷ Total units

For Job 765 = $11,374 ÷ 132

= $86.167

For Job 765 = $24,192 ÷ 192

= $126

8 0
3 years ago
1. Your older sister, Anna is trying to figure out how she's going to pay for college in the
Elis [28]
1.) student loans due to the fact that they are more secure than credit card debt and maybe have long periods before they have to be paid off.
2.) chad has a maximum amount of money he can use before it has to be paid back. Unfortunately chads maximum was so low he couldn’t even buy popcorn, or he already maxed out his card.
6 0
3 years ago
Pepe, Incorporated acquired 60% of Devin Company on January 1, 2017. On that date Devin sold equipment to Pepe for $45,000. The
krek1111 [17]

Answer:

The loss on equipment recognized by Devin on its internal accounting records for 2017 is $9,000

Explanation:

By using the given information which is mentioned in the question, first we have to calculate the book value of equipment.

So, the book value of the equipment is equals to

= Cost price - accumulated depreciation

= $120,000 - $66,000

= $54,000

Now we can calculate the loss or gain on sale of equipment which is equals to

= Sale price - book value

= $45,000 - $54,000

= - $9,000

Since, the amount shows negative which means the company has suffered a loss of $9,000 on equipment

The other things like net income of 2017 and 2018 is irrelevant because it tells the net income of overall company not for equipment. So, it is not being considered while computation

Hence,  the loss on equipment recognized by Devin on its internal accounting records for 2017 is $9,000

7 0
3 years ago
In 2012, hurricane sandy caused massive destruction to the northeast united states. tens of thousands of people lost their homes
Sonja [21]

In this case, the economy had been suffering from a recession leading to lower output, aggregate demand and real GDP. The government can boost the economy by engaging in expansionary fiscal policy.

Government can implement expansionary fiscal policy by increasing government spending on goods and services, which will directly increase aggregate demand, thus boosting income and real GDP. Alternatively the government can lower tax rate. When individual tax rate falls, personal disposable income rises, increasing consumption demand and aggregate demand. When business tax rate falls, corporate net profits rise, which encourages firms to invest more in expanding their output. Higher investment by corporate firms increase aggregate demand.

7 0
3 years ago
Quinlan has ample E & P to cover any distributions made during the year. One distribution made to a shareholder consists of
stepladder [879]

Answer:

1.Quinlan distribution has realized a loss of

$214,480 of which $0 is recognized.

2. The shareholder received property with a basis of $321,720

Explanation:

1.

When property is been said to be distributed to shareholders the amount of dividend equal to the fair value of the said property which is $321,720 on the date of the distribution. Therefore the amount of taxable dividend is $321,720 which is before the dividends received deduction.

Therefore;

Net loss which shall not be allowed ($536,200-$321,720)

=$214,480

Quinlan distribution has realized a loss of

$214,480 which is not allowed to be recognized

2. Adjusted basis of the property distributed is $321,720

6 0
3 years ago
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