All categories

3 years ago

During a decline in the economy, a limited number of jobs will motivate a growing number of ______ to start new businesses.

Business

1 answer:

Rudik [331]3 years ago

6 0

Answer:

Experienced but unemployed people

Explanation:

In times of economic slowdown such as a recession, the rate of employment goes up. Many qualified workers seeking employment will not be hired. Experienced workers lose their jobs as a result of a decline in production.

The experienced worker who fails in securing new jobs ends up starting their businesses. These experienced workers already have knowledge on how to run a business, and would probably have some saving. With their qualification and experience, managing a new business is not very challenging for them.

The 2008 financial crises resulted in the establishment of many new startup businesses.

You might be interested in

XYZ Corporation manufactures orange safety suits for road workers. The following information relates to the corporation's purcha

Sholpan [36]

Answer:

$6.25 per yard

Explanation:

The computation of the standard price per yard of material for its safety suits is shown below:

Material quantity variance = Standard Price × (Actual quantity - Standard quantity)

-$5,000 = Standard price × (10,000 - 10,800)

Standard price = -$5,000 ÷ (-800)

= $6.25 per yard

Hence, the standard price per yard of material for its safety suits is $6.25 per yard

7 0

2 years ago

Lyons Company deducts insurance expense of $210,000 for tax purposes in 2018, but the expense is not yet recognized for accounti

djyliett [7]

Answer:

The total income tax expense for 2019 =152.000. Is not available in the options given by the exercise.

Explanation:

Tax on insurance expense deductible for accounting purposes in 2019= 70000*40%=28.000

Income tax expense for 2019 = 180.000-28.000=152.000

4 0

2 years ago

Carlisle Company has been cited and must invest in equipment to reduce stack emissions or face EPA fines of $18,500 per year. An

Ahat [919]

Answer:

equivalent annual cost: 19,784.81

The investment is not economically justified as it is cheaper to pay the fines than invest in the equipment to avoid them.

Explanation:

We calcualte the PMT of a 75,000 dollars equipment at 10%

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV 75,000

time 5

rate 0.1

$75000 \div \frac{1-(1+0.1)^{-5} }{0.1} = C\\$

C $ 19,784.811

EPA fines: <u> </u><u>$ 18,500.00 </u>

differential: (1, 284.81)

3 0

3 years ago

Consider a small landscaping company run by Mr. Viemeister. He is considering increasing his firm’s capacity. If he adds one mor

joja [24]

Answer:

A.$12,000

B.$8000

C.MRPL/PL = 3

MRPK/PK =2

D) Since each of the above calculated ratios are more than one, therefore adding additional worker or tractor will increase the total revenue for each of the dollar spent.

Explanation:

(a) The Marginal Revenue Product of Labor (MRPL) can said to be the additional revenue generated when an additional worker is employed.

$66,000 - $54,000 = $12,000

Thus, MRPL is 12,000

b) Marginal revenue product of capital is

( 62000 - 54000)= $8000

c) MRPL/PL = 12000/ 4000= 3

MRPK/PK = 8000/4000=2

Therefore Since these two ratios are not equal it means the firm is not using the least cost combination of inputs.

d) Since each of the above calculated ratios are more than one, therefore adding additional worker or tractor will increase the total revenue for each of the dollar spent.

5 0

2 years ago

Functions of Financial Markets. Look back at Section 2.3 and then answer the following questions: (LO2-3) a. The price of Yum! B

Aleonysh [2.5K]

Answer:

It seems that someinformation is missing, nevertheless, it is possible to calculate the market value of the firm if you have the total number of shares.

Explanation:

In this case, if the question says that the "outstanding shares" haven't changed, it means that the total number of shares neither, therefore it is possible to get the market value by multiplying $180 (the stock price for 1 share) per the total number of shares

5 0

2 years ago