Cyclical unemployment refers to short-run fluctuations around the natural rate of unemployment.
Cyclical unemployment is the portion of overall unemployment that is a direct outcome of economic boom and bust cycles. Generally speaking, unemployment increases during recessions and decreases during economic expansions. The purpose of the different policy instruments used by governments to boost the economy and a major motivator for studying economics is to reduce cyclical unemployment during recessions.
In the context of the business cycle, cyclical unemployment is related to the erratic ups and downs, or cyclical trends in growth and production, as indicated by the GDP. The downturn usually turns into an upturn, followed by another downturn in most business cycles.
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Answer: $200
Explanation:
To qualify as a Casualty loss, the event that led to the damage or destruction must have been unexpected such as an accident, hurricane, fire etc.
When calculating for the Casualty loss deduction, we simply deduct the money received from the insurance from the Adjusted basis,
Casualty loss deduction = Adjusted basis - Cash received from the Insurance company
= $14,000 - $10,000
= $4,000
Since it is After any limitations, we also deduct a cost per event floor of $100 and 10% of the AGI
=4,000 - 100 - (37,000*0.1)
= $200
Belinda's casualty loss deduction (after any limitations) is $200.
Answer:
= 1.73
Explanation:
For computation of degree of operating leverage first we will find out the operating income which is shown below:-
Particulars Amount
Sales $240,000 (3000 × $80)
Variable expenses $84,000 (240,000 × 35%)
Contribution margin $156,000
Fixed Costs $66,000
Operating income $90,000
Degree of operating leverage = Contribution margin ÷ Operating income
= $156,000 ÷ $90,000
= 1.73
Answer:
debit to Bad Debts Expense and credit to Allowance for Doubtful Accounts
Explanation:
Based on the information provided for this scenario it can be said that the entry to record this adjusting entry would include a debit to Bad Debts Expense and credit to Allowance for Doubtful Accounts. Meaning that the bad debts expense is increasing while the same amount is being taken from the allowance for doubtful accounts. This is what the allowance method is used for, it provides an advance for uncollectible accounts, by setting aside money in a reserve account.
Answer:
Letter A is correct. <u>True.</u>
Explanation:
India and China are two emerging countries in the world economy, with significant annual economic growth, these countries have stood out on the world stage of international investment.
This has occurred because these countries are constantly expanding and because they have the two largest populations in the world.
Economic growth generates greater purchasing power for citizens and this attracts international companies. Another relevant issue is the reduction of bureaucracy in India and China for the establishment of companies in that country, as well as government incentives and cheap labor.