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3 years ago

7

In 2004, Jamal lost his job as a shipbuilder. His shipyard never reopened, and his very specialized skills as a shipbuilder were

no longer in demand. Jamal's unemployment is best classified as _____.

1 answer:

MrMuchimi3 years ago

7 0

The best way to describe Jamal's unemployment would be <u>Structural</u>

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Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received

horrorfan [7]

Answer:

A) Isabel's after-tax cost for paying the bill in December = $19,000 - ($19,000 x 40%) = $19,000 - $7,600 = $11,400

B) Isabel's after-tax cost for paying the bill in January:

the cost before taxes = $19,000 - ($19,000 x 4%/12) = $19,000 - $63 = $18,937

after-tax cost = $18,937 - ($18,937 x 40%) = $18,937 - $7,575 = $11,362

C) January, since the cost of the debt is lower.

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3 years ago

7. Which of the following people is required to file taxes? *

rewona [7]

Answer:

what you will be when grow up?

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2 years ago

Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking Department, al

iVinArrow [24]

Answer:

Physical Flow units 105000 ounces

FIFO Equivalent Units = Materials 85000 and Conversion 86000 ounces

Explanation:

<u><em>Jackson Products</em></u>

<u><em>Physical flow Schedule </em></u>

<u><em>For the month of July.</em></u>

<u><em></em></u>

Units to account For

BWIP 60 % complete 10,000

<u>Units Started 95000</u>

<u>Total units to account for 105000</u>

Units accounted For

Units completed and Transferred out 80,000

BWIP 10000

E<u>WIP 15000 </u>

<u>Total Units accounted For 105,000 </u>

<u />

<u><em>Jackson Products</em></u>

<u><em>Equivalent Units Schedule </em></u>

<u><em>For the month of July.</em></u>

<u><em></em></u>

<u>Particulars Units % OF Completion Equivalent Units </u>

<u> Materials Conversion Materials Conversion</u>

Units Started &

Completed 100 100 80000 80000

EWIP 100 80 15000 12000

<u>Less Beg. WIP 100 60 10,000 6000 </u>

<u>Total Equivalent Units 85000 86000</u>

<u />

<em><u>The difference between Weighted and FIFO Equivalent units is that FIFO accounts only for the current units . Thus the beginning inventory is deducted from the Total of completed and ending units.</u></em>

<em><u /></em>

<u />

Explanation:

4 0

3 years ago

Olenka [21]

Answer:

hope this helps

Explanation:

organizing

4 0

3 years ago

Upton Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, ships them to its chain

Licemer1 [7]

Answer:

AFN (Additional Funds needed) is $ 11.59 Million, Growth rate is 6.87 %.

Explanation:

1) Additional Funds Needed or AFN can be calculated as below=

AFN = (Total Assets / Previous year sales) x Change in Sale -( Liabilities affected by sales / Previous year sales) x Change in Sale - (Projected net income x Retention ratio ) ----- (a)

According to given data in question

Total Assets= 122.5 million

Change in Sales = 70

Liabilities affected by sales = 17.5

Previous year sales = 375

Projected net income = 445

Putting the above values in equation (a)

AFN = (122.5 / 375) x 70 -( 17.5 / 375) x 70 - 445 x 0.030 x 0.60

AFN = 11.59 million

2) Growth rate : Growth rate formula is given below,

Growth rate = (Total Assets x g) - (Liabilities affected by sales x g ) - Previous year sales ( 1 +g) x 0.3 x 0.60

Growth rate = 6.87 %

3) Proforma Balance Sheet for Upton Computer is :

Cash 4.15 Million

Accounts Receivable 30.85 Million

Inventories 68.83 Million

Total Current Assets 103.84 Million

Net Fixed Assets 41.53 Million

Total Assets 145.37 Million

Line of Credit-AFN 11.59 Million

Accounts Payable 18 Million

Accruals 10.09 Million

Total Current Liabilities 50.36

Mortgage Loan 6 Million

Common Stock 15 Million

Retained Earning 74.01 Million

Total Current Liabilities & Equity --- 145.37 Million

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3 years ago