Answer:
Change in Assets is $127,500
Explanation:
The accounting equation for a corporation is:
Assets = Liabilities + Stockholders' Equity
⇒ Liabilities = Assets - Stockholders' Equity
= $285,000 - $130,500
= $154,500
At the end of years,
- Liabilities amount = Liabilities in the beginning + Change in liabilities = $154,500+ $90,000 = $244,500
- Stockholder's equity amount = Stockholder's equity + Change in stockholder's equity = $130,500 + $37,500 = $168,000
The assets at the end of year = $168,000 + $244,500 = $412,500
Change in Assets = $412,500 - $285,000 = $127,500
Shorter answer:
Change in Assets = Change in Liabilities + Change in Stockholders' Equity
= $90,000 + $37,500 = $127,500
Answer:
The answer is option B) Frictional unemployment is inevitable because the economy needs to be lubricated.
Explanation:
Frictional unemployment is different from others in happens as a result of employees seeking out better opportunities. They could leave voluntarily or be fired from their current jobs but its is for a greater good- which is a quest for better economic opportunity.
Frictional unemployment occurs when there is a mismatch between job seekers and available jobs in the market.
It also happens due to the natural career progression for an employed staff seeking to transition to a new job, industry, or role.
Frictional unemployment is like a lubricant in the economy because an increase in frictional unemployment means more workers are moving toward better positions.
Answer:
Positive Statements: 1st & 2nd ; Normative Statements: 3rd & 4th
Explanation:
Positive Economics is <u>objective</u> & <u>facts</u> based <u>actual</u> economic issue description , explaining verifiable phenomenas (causal relationships).
Normative Economics is <u>subjective</u> & opinion based conclusive <u>solutions</u> to economic issues, including '<u>ought to be</u>' unverifiable suggestions.
1. Lung cancer kills millions of people each year: reflects actual objective verifiable fact about an economic (health) issue.
2. Too many people smoke: denotes another actual objective variable fact connected to (potential cause of) the above economic (health) issue.
So , these two are Positive Statements.
3. If the government were to increase taxes on cigarettes, fewer people would smoke : Is subjective opinion based probable solution to the above economic (health) issue.
4. The government should increase taxes on cigarettes : Is an 'ought to' suggestion for an economic participant (govt) to solve the above economic (health) issue.
So , these two are Normative Statements
Answer:
None
Explanation:
In simple words, audit reporting or auditing refers to the process under which an independent third part, licensed by the regulatory body, examines the financial statements of an organisation to check if such statements depicts fair information and are made as per the regulatory standards.
The auditor if satisfied gives the positive assurance and if not then he or she can ask for further information or can directly report the statements to the regulatory bodies.
Answer:
When labor productivity is high.
Explanation:
According to neoclassical economic theory, real wages are equal to the marginal product of labor (MLP). The marginal product of labor is the extra output produced by one extra unit of labor (one extra worker).
If the MPL is high, this means that workers are very productive, and therefore, are paid a high real wage accordingly.
This is why countries with high labor productivity like the U.S. or Switzerland also have very high real wages.
