Answer:
Estimation of about 9.3401% Compounded interest Annually
Explanation:
When a company buys something on credit it increases account payable, and when a company sells on credit it will increase their account receivable.
Solution:
Given,
The sums of consumer cash earned during the year ending December 31, 2019 were $314,000 and accounts receivable were lowered by $42,000.
Sales on account for the year ended December 31, 2019 :
Credit sales = Cash collected + Increase / ( Decrease ) of accounts receivable
Credit sales = $ 314,000 - $ 42,000
Credit sales = $ 272,000
Answer: b) structural unemployment.
Explanation:
Structural Unemployment results from when the skills required by employers are not the skills that employees have. Also it occurs when there at a certain wage rate, there are more people wanting a job than the employer can afford to or wants to hire.
Imposing a minimum-wage law will increase the labor expense of employers so they will demand less workers. At the same time it will increase the number of people looking for work as they will see the minimum wage as an incentive. This would by definition therefore, lead to higher structural unemployment because there will be more workers than employers demand.
