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kiruha [24]
3 years ago
9

why does the unemploymenr rate remain about zero percent during economic expansions? is this a good or bad thing for the economy

? explain
Business
1 answer:
bulgar [2K]3 years ago
6 0

Answer:

See below

Explanation:

When unemployment is about zero percent, everyone actively searching for a job will be employed. Expansion in the economy means growth in all industries, including manufacturing and services. As the industries grow, they will hire workers to help support growth. Continued growth will lead to the employment of more people, resulting in zero unemployment. Theoretically, it is possible to have zero percent unemployment.

Zero unemployment is bad a thing for the economy because of the following reasons.

  1. At zero employment, wages are likely to rise to a level that would hurt profitability in the economy. Companies will be competing to hire the few available workers. Reduced supply versus high demand will push wages high.
  2. Employment turnover will be very low. Companies will be unable to fire inefficient workers. Finding competent ones to replace them will be difficult. Less competition in the employment sector will make workers less productive.
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These items are taken from the financial statements of Windsor, Inc. at December 31, 2017.
nordsb [41]

Answer:

To make balance sheet we first have to calculate net income/net profit for the year.

<em><u>Net profit Calculation</u></em>

Service revenue            $ 13,524

Insurance expense        ($     718 )

Depreciation expense   ($ 4,876)

Interest expense           ($ 2,392)

Profit                              $ 5,538

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

Balance Sheet

Asset

Non-Current Asset

Land                                                            $56,304                                                            

Buildings                                                     $97,336

Accumulated depreciation—buildings      ($41,952)

Equipment                                                   $75,808

Accumulated depreciation—equipment   ($17,222)

Total non Current Asset                            $170,274

Current Asset

Cash                                                              $10,893

Accounts receivable                                    $11,592

Prepaid insurance                                         $2,944

Current Asset                                               $25,429

Total Asset                                                   $195,703

Equity

Common stock                                              $55,200

Retain Earning (36,801+5,538)                     $42,339

Total Equity                                                   $97,539

Liability

Non-Current Liability

Current Liability

Accounts payable                                           $8,740

Notes payable                                                $86,112

Interest payable                                               $3,312

Total Current Liability                                  $98,164

Total Liability + Equity                                $195,703

5 0
4 years ago
Atkins Company collected $1,750 as payment for the amount owed by a customer from services provided the prior month on credit. H
AURORKA [14]

Answer: B. One asset would increase $1,750 and a different asset would decrease $1,750, causing no effect

Explanation:

From the information given in the question, the journal entry at the time of sales will be represented as:

Debit Accounts receivable $1,750

Credit Sales $1750

Now, when the credit receipt is received as illustrated in the question, the journal entry will be:

Debit Cash $1,750

Credit Accounts receivable $1,750

Therefore, one asset would increase $1,750 and a different asset would decrease $1,750, causing no effect.

The correct option is B.

7 0
3 years ago
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