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Vladimir79 [104]
3 years ago
5

Scenario 28-1 Suppose that the Bureau of Labor Statistics reports that the entire adult population of Mankiwland can be categori

zed as follows: 25 million people employed, 3 million people unemployed, 1 million discouraged workers, and 1 million people who are either students, homemakers, retirees, or other people not seeking employment. Refer to Scenario 28-1. How many people are unemployed
Business
1 answer:
tino4ka555 [31]3 years ago
4 0

Answer: 3 million.

Explanation:

Unemployment is defined as when a member of a Country's labor force is jobless but actively looking for work.

In the Scenario 28-1, the discouraged people are not counted as they are discouraged and not looking for work and 1 million other people being students and retirees amongst others are not looking for work either.

The unemployed section of Mankiwland is therefore the 3 million unemployed people.

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Bain corp. owned 20,000 common shares of tell corp., purchased in year 1 for $180,000. on december 15, year 5, bain declared a p
amid [387]

Answer:

$300,000

Explanation:

Although the property dividend was distributed on January 15, year 6. the <u>amount that will be used is the value of the shares as at the declaration date and not the distribution date </u>

Hence, since the aggregate market price of the tell shares held by bain was $300,000. on the declaration date, the entry to record the declaration of the dividend should include a debit to retained earnings (or property dividends declared) of $300,000

8 0
3 years ago
Which of the following statements is true with regard to the departmental overhead rate method? a. It is logical to use this met
baherus [9]

Answer:

b. It is logical to use this method when overhead resources are consumed by various products in substantially different ways throughout multiple departments.

Explanation:

The departmental overhead rate method -

It refers to the expense rate charged for the specific department of the factory for the goods and services produced , is referred to as the departmental overhead rate method.

It is a type of some standard charge imposed for the particular activity produced, for each and every step of the production of the goods and service, until the final product is produced, at various level a specific rate is applied, i.e. , the departmental overhead rate method.

Hence, from the given information of the question,

The correct answer is b.

6 0
3 years ago
The finance team of a company conducts a meeting to discuss the worthiness of investing its funds in the local share market. Alt
Alex Ar [27]

Answer:

C. groupthink

Explanation:

According to my research on in the field of psychology, I can say that based on the information provided within the question this scenario illustrates the concept of groupthink. This is a psychological phenomenon which states that the desire for maintaining a cooperative and harmonious nature within a group leads individuals in that group to behave irrationally leading to bad decision-making choices. Which is what is happening in this scenario since Mikhail isn't voicing her opinion in order to maintain the same group dynamic.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
The Wong family has a disposable income of $70,000 annually. Currently, the Wong family spends 80% of new disposable income on c
USPshnik [31]

Answer:

Annual consumer spending for the Wong family is = $58.000

Explanation:

Disposable income $70,000

Marginal propensity to consume 0.8

Autonomous consumption spending $10,000.

If the disposable income (the money needed to survive) is $10.000 then the $60.000 left to complete $70.000 will be consumed at a rate of 80% or 0.8 cents per each dollar received. Therefore,

Annual consumer spending = $10.000 + ($60.000*0.8)

Annual consumer spending = $10.000 + $48.000

Annual consumer spending = $58.000

7 0
3 years ago
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Colleges and universities use funds from a direct stafford loan to pay for _____ first. leftover funds are then disbursed to the
Alexxx [7]
College and universities use funds from direct Stafford loan to pay for school charges first. It is offered to eligible students to help finance their education and it must be repaid and are offered to both undergraduate and graduate students.
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3 years ago
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