Answer:
The temporary unemployment resulting from such sectoral shifts in the economy is best described as frictional unemployment.
This is because it is temporary and people in the affected sector could opt for jobs in other performing sectors of the economy.
Explanation:
Suppose the world price of cotton falls substantially, the following scenario will ensue.
The demand for labor among cotton-producing firms in Texas will reduce .
The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will also decline .
The temporary unemployment resulting from such sectoral shifts in the economy is best described as frictional unemployment.
Frictional unemployment is seasonal employment that could occur when there is no demand or work period is completed unlike structural unemployment that can last for long.
It is a temporary unemployment situation because workers in the cotton industry could opt for jobs in other performing sectors of the economy.
Answer:
The total amount of interest paid on all three loans is 8,748.
Explanation:
Each person has borrowed 5,000 for the same period and with the same interest rate. However, the repayment is made differently by each person.
We calculate the interest paid by each person, and then sum up the three interest payments.
Seth pays = [5000 x (1 + 0.12/2)^10] - 5000 = 3,954
Janice pays = 5,000 X 0.06 x 10 = 3,000
Lori pays = [(5,000 x 10) / 7.36] - 5,000 = 1,794
Total interest payment = 3,954 + 3,000 + 1,794 = 8,748
Answer: $525,400
Explanation:
From the question, we are informed that Nash's Trading Post, LLC had an increase in inventory of $88800, the cost of goods sold was $414400 and that there was a $22200 decrease in accounts payable from the prior period.
Using the direct method of reporting cash flows from operating activities, Nash's's cash payments to the suppliers will be:
= $88,800 + $414400 + $22200
= $525,400
The entry to record the transaction for materials requisitioned by the production department is to
Debit WIP $156,000
Credit Materials $156,000
Organization accountants should account for direct and indirect materials one after the other. The magazine entry for direct substances, this is, substances that can be without delay traced to merchandise, is a debit to the paintings in technique and a credit to the raw materials inventory accounts.
To file materials used in manufacturing, a debit for the value of raw substances is made to the WIP inventory account and a credit score is made to the raw substances account. Exertion fees are spilt between direct and indirect labor.
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Answer: Pooled interdependence
Explanation:
Pooled interdependence is a loose organizational model in which each business unit carries out it's own separate functions, might not interact with the other units and does not depend on other units directly even though it contributes to the accomplishment of the organizational goals and success.
Pooled interdependence is often seen as the loosest form of interdependence in organizations. Although the departments may not interact directly and may not depend on each other directly in the pooled interdependence model, every department contributes it's own individual pieces to the achievement of the same overall puzzle.
This creates a blind, indirect dependence on each other and the performance of a department has an impact on others as a department's failures may lead to the failure of the entire organization.
