Answer: 5%
Explanation:
Unemployment rate = Number unemployed / Labor force * 100%
The number of people who are unemployed are:
= Labor force - Employed people
= 800,000 - 760,000
= 40,000 people
Unemployment rate = 40,000 / 800,000 * 100%
= 5%
Answer:
Travel websites such as Expedia (EXPE), Kayak, and Travelocity have eliminated the need for human travel agents.
Tax software such as TurboTax has eliminated tens of thousands of jobs for tax accountants.
Newspapers have seen their circulation numbers decline steadily, replaced by online media and blogs. Increasingly, computer software is actually writing news stories, especially local news and sporting event results.
Language translation is becoming more and more accurate, reducing the need for human translators. The same goes for dictation and proof-reading.
Secretaries, phone operators, and executive assistants are being replaced by enterprise software, automated telephone systems, and mobile apps.
Answer:
The Adjustment Entry for accrual of Interest Expense will be as follows:
Dr. Cr.
Interest Expense $840
Interest accrued Payable $840
Explanation:
Interest per day = $28
Interest expense for the Month = $28 x 30 = $840
$840 of Interest expense will be accrued at the end of the month and it should be adjusted accordingly.
Answer:
d. $91,250
Explanation:
We can calculate variable costs by using the contribution margin ratio formula.
Contribution Margin Ratio= Sales revenue Less Variable Costs/Sales revenue
45%= $ 425,000- Variable Costs / $ 425,000
45% * $425,000= $ 425,000 -Variable Costs
$ 191250= $ 425,000- Variable Costs
Variable Costs = $ 425,000- $ 191250
Variable Costs = $ 233750
Sales $ 425,000
Variable Costs 233750
Fixed Costs= $ 100,000
Income from Operations= $ 91250
