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Fudgin [204]
3 years ago
10

Suppose the civilian non-institutional population equals 100,000 persons; the civilian labor force equals 75,000 persons; there

are 70,000 employed persons and 5,000 unemployed persons. If 5,000 persons who are currently "not in the labor force" decide to join the civilian labor force, and 3,000 of them are unemployed, then
Business
1 answer:
Llana [10]3 years ago
8 0

Answer:

the total labor force for the first part of the question = 75,000 and 5,000 are unemployed, therefore, the unemployment rate = 6.67%

if 5,000 more people enter the labor force, then the total labor force = 80,000 people. Out of the total, 8,000 are unemployed, therefore, total unemployment = 8,000 / 80,000 = 10%

on the other hand, the employment rate = total employed /  total population will also increase. The original employment rate = 70,000 / 100,000 = 70%

Then as 2,000 more people were employed, the employment rate increased to 72,000 / 100,000 = 72%

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You have just signed a contract for your rental property and you will make monthly payments at the beginning of each month. Your
Mekhanik [1.2K]

Answer:

$9,760.48

Explanation:

Present value of annuity due = P* [[1 - (1+r)^-(n-1)] / r] + P. Where P = Periodic payment = $1,000, r = Rate of interest per period 4% (0.48/12), n = number of payments 12 (12*1)

Present value of annuity = $1000 * [[1 - (1 + 0.04)^-(12-1)] / 0.04] + $1000

Present value of annuity = $1000*8.760475 + $1000

Present value of annuity = $8760.48 + $1000

Present value of annuity = $9,760.48

3 0
2 years ago
The following information is available for Ivanhoe Company. April 1 April 30 Raw materials inventory $10,500$14,000 Work in proc
Fiesta28 [93]

Answer and Explanation:

The preparation of the cost of goods manufactured schedule for the month of April is presented below

Beginning work-in-process inventory                          $4,840

Manufacturing costs:

Direct materials:                                                  

Beginning inventory                                   $10,500

Purchases                                                    $97,700

Materials available                                      $108,200 

Less:  Ending inventory                              -$14,000

Direct materials used                                                             $94,200

Direct labor                                                                             $80,300

Manufacturing overhead                                                       $162,000

Total manufacturing costs:                                                     $336,500

Total costs of work-in-process                                                $341,340

                                                                               ($4,840 + $341,340)

Less:  Ending work-in-process                                                -$3,700

Cost of goods manufactured                                                   $337,640

Basically we simply the cost of goods manufactured formula

3 0
2 years ago
Making journal entries Assume that during the month of April the production report of Austin Adhesives, Inc., in E8-10 revealed
Alex_Xolod [135]

Missing Information:

The normal capacity of  is 40,000 direct labor hours and 20,000 units per month. A finished unit requires 6 lb of materials at an estimated cost of $2 per pound. The estimated cost of labor is $10.00 per hour.

Answer:

Raw materials Inventory   260,000 debit  

D:M price variance                2,600 debit

     Account Payable                   257,400 credit

--to record the purchase ---

WIP-Inventory          248,000 debit

DM quality variance    2,000 debit

       Raw materials Inventory   250,000 debit

--to record requisition of materials--

WIP-Inventory    420,000 debit

D:L rate variance    1,640 debit

    Wages Payables             411,640 credit

    DL efficiency variance     10,000 credit

--to record the charge of labor into WIP--

Explanation:

130,000 pounds x $1.98 (actual)      = $257,400‬

130,000 pounds x $2.00 (standard) = $260,000

variance 2,600 favorable

Quantity Variance:

actual: 125,000 x $2 = 250,000

standard:  21,000 x 6 = 124,000 pounds x $2 = 248,000

variance: 2,000 unfavorable  

41,000 hours x $10.04 each = $411,640

41,000 hours x $10.00 each = $410,000

rate variance 1,640 unfavorable

efficiency variance:

21,000 x 2 hours = 42,000 hours x $10 = 420,000

actual 41,000 x $10 = 410,000

favorable 10,000

6 0
3 years ago
Ana offers Corey her vacuum cleaner for $300. Corey rejects the offer, so Ana promises to sell the vacuum cleaner to Abey. Howev
fenix001 [56]

Answer:

A

Explanation:

6 0
3 years ago
Name about six qualities or characteristics of other people that you most respect or admire?
jeyben [28]
1. Genuine
2. Kindness
3. Trustworthy
4. Loyal
5. Forgiving
6. Dependable
7. Inspiring
Hope that helps :)
8 0
3 years ago
Read 2 more answers
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