The number of employed workers in this economy is A. 13.5 million
Explanation:
The number of unemployed people in the economy means the percentage of people who are actively seeking employment but cannot find a job for sustenance.
Thus, the ones who are seeking a job are the only ones that can be considered here.
So, the total population cannot be considered and the pool that justifies this demographic is the total labor force which is 180 million.
And the number of unemployed people would be calculated by multiplying the percentage of them with the total labor force which would be
7.5 * 180 = 13.5 million people.
Thus 13.5 people in the force are unemployed.
A person who has a temporary license have shorter days of having to be permitted to drive than of who have an actual license. Those who has temporary license are only permitted to drive for sixty days and when converted to months, they are permitted to drive for two months.
Answer:
Debited to Retained Earnings of $500,000.
Explanation:
At the time of declaration of the dividend, the journal entry is recorded which is shown below:
Retained earning A/c Dr $500,000
To Dividend payable A/c $500,000
(Being cash dividend declared)
On the declaration date, the dividend amount is recorded. So while recording we debited the retained earning account and credited the dividend payable account
All other information which is given is not relevant. Hence, ignored it
