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3 years ago

Economic models:

Business

1 answer:

Elanso [62]3 years ago

6 0

Answer:

The correct answer is letter "C": Can be useful, even if they are not particularly realistic.

Explanation:

Economic models are real-world phenomena simplified assumptions that allow individuals to have a better idea of how and why economic events take place and provide certain information on how to mitigate their impact if negative.

Those assumptions are subjective since are given by individuals based on their beliefs but most of the time after observing different events and classifying them using different criteria. Thus, the assumptions might not be accurate sometimes but the economic model concluded could be useful still.

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Despite some optimism about the seeds of recovery, the Congressional Budget Office (CBO) sees joblessness rising. The CBO sees u

Xelga [282]

Answer:

The resulting rise in unemployment is mostly a rise in __cyclical____ unemployment because it is related to the state of the economy.

Explanation:

Frictional unemployment occurs as a result of workers' search for or transition to new jobs. It is brief and does not leave a mark on the economy. Structural unemployment comes about when the skills of workers do not match the requirements of employers. Therefore, workers require retraining and reskilling. Cyclical unemployment relates to the macro-economic situation that is prevailing during periods of recession.

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3 years ago

American Inc. had gross sales of $925,000. Cost of goods sold and selling expenses were $490,00 and $220, 000 respectively Ameri

drek231 [11]

Answer:

a. Particulars Amount

Gross sales $925,000

Less: COGS $490,000

EBITDA $435,000

Less: Depreciation $120,000

EBIT $315,000

Less: Interest on notes payable $8,800 (220000*4%)

EBT $306,200

Less: Tax (35%*306200) $107,170

Net Income $199,030

b. Operating cash flow = Net income + Depreciation

Operating cash flow = $199,030 + $120,000

Operating cash flow = $319,030

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2 years ago

LSM subcontracted with Henry Isaacs Home Remodeling and Repair (Isaacs) to perform the roofing work on the project. Isaacs in tu

ycow [4]

Answer:

1. true

2. true

3. false

4. true

5. false

6 0

3 years ago

The Jewel Golf Club Company, which recently began using a kanban system, has had problems with high inventory levels of one of t

AfilCa [17]

Answer:

d. six or seven

Explanation:

Given that:

Daily demand for the grip = 3000 units

average waiting time = 0.20 day

processing time = 0.10 day / container

a container holds = 150 grips

percentage of policy used = 10% = 0.10

The objective of this question is to determine the amount of Kanban containers would Jewel require.

the amount of Kanban containers = Demand ( wasting time + processing time)(1+percentage policy)/ amount of container holding

the amount of Kanban containers = 3000( 0.2 + 0.1) ( 1+ 0.10)/ 150

the amount of Kanban containers = 3000 ( 0.30) (1.10)/150

the amount of Kanban containers = 990/150

the amount of Kanban containers = 6.6

SO we can infer that the amount of Kanban containers would Jewel require if a 10% policy variable is used falls within the range of six or seven.

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2 years ago

Burns Corp. had the following items:

OLga [1]

Answer:

Option D is correct because the only item that relates to Income statement is Sales Revenue of $45000 and the remainder transactions net effect must go to Comprehensive Income statement.

Net effect = - $36k + $28k - $17k -$3.1k = $28.1 Loss

This net effect realized during the year in the Comprehensive Income statement because these transaction does not directly relate to core operation of the entity.

7 0

3 years ago