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3 years ago

Is unemployment always bad for an economy?

1 answer:

5 0

When unemployment touched 10% at its height. Low unemployment is often regarded as a positive sign for the economy. Too low a rate of unemployment, however, can actually have negative consequences such as inflation and reduced productivity.

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The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2016, included the following

Maurinko [17]

Answer:

Net income = $364,000

Earning per share (EPS) = $0.36 per share.

Explanation:

A continuous multiple-step statement of comprehensive income is a form of income statement shows in a categorical and continuous manner operating income, i.e. the profit earned from the primary activities of an entity through buying and selling merchandise, other income and expenses, and net income.

For this question, continuous multiple-step statement of comprehensive income can be prepared as follows:

Lindor Corporation

Multiple-step Statement of Comprehensive Income for 2016

Details $ 

Sales revenue 2,300,000

Cost of goods sold 1,400,000

Gross profit 900,000

Operating expenses:

Selling and administrative expenses (420,000)

Operating income 480,000

Non operating income and exp.:

Unrealized holding gains on inv. sec. 80,000

Interest expense (40,000)

Income before tax 520,000

Income tax (30% * $520,000) (156,000)

Net income  364,000 

EPS (364,000 / 1,000,000) 0.36

8 0

3 years ago

Later, the teaching assistant in Bob's chemistry course gives him some advice. "Based on past experience," the teaching assistan

77julia77 [94]

Answer:

1 hour working on problems, 3 hours reading

Explanation:

the question is not complete:

Bob is a hard-working college freshman. One Tuesday, he decides to work nonstop until he has answered 200 practice problems for his chemistry course. He starts work at 8:00 AM and uses a table to keep track of his progress throughout the day. He notices that as he gets tired, it takes him longer to solve each problem.

Time Total Problems Answered Marginal gain

8:00 AM 0

9:00 AM 80 80

10:00 AM 140 60

11:00 AM 180 40

Noon 200 20

Since Bob's is able to answer more than 70 questions per hours only during one hour (from 8 to 9 AM), he can benefit more from reading the next 3 hours. Reading would be equivalent to answering 210 questions, while Bob was only able to answer 120 more questions in the following 3 hours.

6 0

3 years ago

The following units of an inventory item were available for sale during the year. Beginning inventory 10 units at $55 First purc

Sphinxa [80]

Answer:

$1,375

Explanation:

Given the information above, the Ending inventory = Units available - Units sold

Units available = 10 + 25 + 30 + 70 = 80

Units sold = 60

Ending inventory = 80 - 60

Ending inventory = 20

Cost of ending inventory under FIFO

= (15 × $70) + (20 - 15) × $65

= $1,050 + $325

= $1,375

Therefore, the ending inventory cost using FIFO is $1,375

5 0

3 years ago

Gross Domestic Product (GDP) is:

Likurg_2 [28]

Answer:

D) The value of all goods and services produced domestically.

Explanation:

G. D. P is the total monetary value of all the final goods and services produced within a country at a particular period. A country's G. D. P can be calculated whether on an annual basis or quarterly basis, depending on the period in which the country uses as its accounting period. G. D. P is mostly important to a country as it serves as their economic mirror which is used to calculate the country's economic size as well as its growth rate. G. D. P can be calculated using either the country's expenditures, income or production. It can be manipulated during inflation.

3 0

3 years ago

A 10K financial report include which of the following financial statements (need help asap!!!)

Yuki888 [10]

A 10-K is just a more detailed Annual Report, without the visuals.

They includes info regarding the company and it's financial performance over the last year.

Balance Sheet's are financial statements that report a company's assets, liabilities, and equities at a specific point in time.

Therefore, we can conclude that 10-K reports include Balance Sheets

3 0

3 years ago

Is unemployment always bad for an economy? ​

Is unemployment always bad for an economy?