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3 years ago

Economists believe there is no direct relationship between inflation and employment

1 answer:

8 0

The answer for this statement would definitely be FALSE as Economists truly believe that there is a direct relation between inflation and employment. Whenever the prices increased, this also calls for increased employment rates. Though on the other hand, there is a trade-off between unemployment and inflation but not employment.

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In 2020, Pharoah Company reported a discontinued operations loss of $1120000, net of tax. It declared and paid preferred stock d

Y_Kistochka [10]

As a result of the discontinued operations loss, net of tax, the earnings per share would decrease by $2.24.

Explanation:

Change in EPS

= $1120000 ÷ 500000 outstanding shares

= $2.24.

7 0

3 years ago

According to the international financial reporting standards, partnerships must disclose information in the same manner as

katrin [286]

The disclosure should follow the International Financial Reporting Standards. It should fairly show the presentation, provided that all the necessary documents are submitted to be a statement of financial position. Disclosure in a partnership has to make the same guidelines as the entity requirements.

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2 years ago

Read 2 more answers

Tom's Tool Factory is an investment center and is responsible for all of its net income and the use of its assets. This year, th

hram777 [196]

Answer:

57.9 %

Explanation:

Return on investment (ROI) is a financial ratio. It is used to measure the expected returns from in relation to the cost of investment.

The formula for calculating ROI is Net Income / Cost of Investment.

For tom tools factory, the ROI will be

net income $275,000

cost of investmet is $475,000

ROI = 275,000/ 475,000

RO1 = 0.5789473 X 100

=0.5789473

=57.894 OR

=57.9 %

6 0

2 years ago

a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4.5% of total accounts receivable to es

solniwko [45]

Based on the information give the estimated balance of the allowance for doubtful accounts is $25,650.

a. Estimated allowance for doubtful accounts

Estimated allowance for doubtful accounts =$570,000×4.5%

Estimated allowance for doubtful accounts =$25,650

b. Adjusting journal entry

Dec 31

Debit Bad debt expense $13,650

($25,650-$12,000)

Credit Allowance for doubtful accounts $13,650

(To record bad debts expense)

c. Adjusting journal entry

Dec 31

Debit Bad debt expense $26,650

($25,650+$1,000)

Credit Allowance for doubtful accounts $26,650

(To record bad debts expense )

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7 0

2 years ago

Suppose the U.S. House of Representatives is debating a bill to fund construction and maintenance for the nation's highway syste

Mekhanik [1.2K]

Answer: The authorization of funds for the museum is an example of an earmark.

Explanation:

Earmarking is the act of setting aside particular fund for a specific purpose.

In the United States, earmarks are directive from the Congress that funds should be allocated and spent on certain projects.

For example, one can say the prime minister has earmarked three billion dollars for the construction of new hospitals. The expenditure on the funding of the public art museum is an earmark.

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2 years ago