Yes/true/correct/not false
What Bill is experiencing is cyclical unemployment.
Cyclical unemployment is a type of unemployment that occurred due to the ups and downs of business cycles – where it would be low when the economic conditions are good, and it would be high when the economic conditions are bad.
Cyclical unemployment is part of the natural rate types of unemployment, together with structural and frictional.
Answer:
The financial statements effects of the appropriation are as follows:
a) Retained Earnings will reduce by $65,000 in the Income Statement and the Balance Sheet.
b) Cash balance will also reduce by $65,000 in the Balance Sheet.
Explanation:
Normally, partnerships can distribute or appropriate their profits according to their partnership agreements. However, there may be restrictive loan covenants that can specify how much profits partnerships can distribute among the partners. The purpose of such covenants is to ensure that the ability of the partnership to repay loans are not compromised through profit appropriations.
Financial institutions, therefore, to secure the loans advanced to businesses may include restrictive covenants. Some restrictive covenants may specify the minimum cash balance to maintain. Restrictive covenants, generally, remain measures to overcome unwanted business outcomes. It is a form of insurance against loan repayments.
Answer:
Product Bundle
Explanation:
Product bundle is the term which is defined as where the several individual services or goods which are sold to the consumers in a single combined package. And the few retailers only sell the items as a product bundle not individually.
In this scenario, the Salon offers the combined package of $50 and the individually the prices are different . So, it will be called or known as the Product bundle.
