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ICE Princess25 [194]
3 years ago
6

On the island of Martha's Vineyard, jobs are plentiful during the summer months, but difficult to find in September once the tou

rist season ends and many restaurants and inns close. What kind of unemployment do people who work in the islands restaurants experience annually?
a. structural
b. seasonal
c. geographical
d. operational
e. tactical
Business
1 answer:
andriy [413]3 years ago
8 0

Answer:

Letter b is correct. <u>Seasonal.</u>

Explanation:

 Seasonal unemployment occurs when there are unemployed people at certain times of the year when the demand for a good or service is less than at other times.

This is a situation that occurs more frequently in tourist areas, such as the one mentioned in the question above, due to the fact that there is a greater demand for work in the high tourist season months.

The ideal is for workers who suffer from seasonal unemployment to seek economic adjustment in the low season months and diversify their activities during this period, to find other activities that guarantee the maintenance of income. It is also important for the government to create public employment policies so that this problem does not happen.

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The actual cash received from cash sales was $3,930 and the amount indicated by the cash register total was $3,880. the journal
Nuetrik [128]

The actual cash received from cash sales was $14,356 and the amount indicated by the cash register total was $14290

a.what is the amount deposited in the bank for the day's sales?

14,356
Because this is the amount which is actually received by sales

b.What is amount recorded for the day's sales?

14,290
Because this is the amount which has been recorded in the cash register.

c.How should the difference be recorded?

Dr Cash 14,356 
Cr Over/Short 66 
Cr Sales 14,290

d. If a cashier is consistently over or short what action should be taken?

First of all we need to find out that whether the cashier is genuinely making mistakes or there is a case of theft.There would be some close monitoring. If they are just mistakes, maybe some extra mentoring in cash handling would help.

E5-18

Part a and b are informational and thus we dont have to do anything with them.

Part c and d are reconciling terms.

Parts e and f needs entries to adjust the company's books. For e there needs to be a debit to cash for the incorrect amount and a credit for the correct amount. For f there needs to be a credit to cash.

E.
(Dr) Cash in bank $540 
(Cr) Accounts payable $540
$710 - $170

F.
(Dr) Bank charges $50 
(Cr) Cash in bank $50

Bank reconciliation:
Cash balance per book $24,010
Add: error $540 
Less: Debit memo $50
Adjusted book balance $24,500

Cash balance per bank $22,750
Add: Deposits in transit $9,100 
Less: Outstanding checks $7,350 
Adjusted bank balance $24,500

Hope you get it.

Get back to me in case you have any doubts.
I would be happy to help.

5 0
3 years ago
On July 1, Shady Creek Resort borrowed $350,000 cash by signing a 10-year, 8.5% installment note requiring equal payments each J
egoroff_w [7]

Answer:

$29,750

Explanation:

Given that

Borrowed amount = $350,000

Interest rate = 8.5%

The computation of interest expense is shown below:-

Interest expense in the first annual payment = Borrowed amount × Interest rate

= $350,000 × 8.5%

= $29,750

Therefore, for computing the interest expense in the first annual payment we simply multiply borrowed amount with interest rate.

7 0
2 years ago
Kellen orders 1,000 pounds of strawberries from Lucy so he can make his famous strawberry sundaes at his ice cream store. Lucy s
Zanzabum

Answer:

B. Rescission and Restitution

Explanation:

4 0
3 years ago
The difference in average annual income in favor of employees who have college degrees, compared with those who do not have such
Kay [80]

Answer yee:

Explanation:

6 0
3 years ago
Sawyer Components manufactures high-cost, customized roller parts for paper mills and is expanding into China because of the opp
saveliy_v [14]

The fact that Sawyer Components have seen opportunities in China and want to expand there reflects<u> global vision. </u>

<h3>What is global vision?</h3>

This refers to the ability of a company to see beyond factors affecting it from its native country.

It involves seeing opportunities, threats, and weaknesses in the global market, and then acting to take advantage of them like Sawyer Components wants to.

Find out more on the importance of vision at brainly.com/question/4436066.

#SPJ1

4 0
1 year ago
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