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4 years ago

Cyclical unemployment:_________

Business

1 answer:

STatiana [176]4 years ago

8 0

Answer: Occurs only during a recession.

Explanation:

Cycling unemployment is a kind of unemployment where company lay-off workers because they can't meet up with their payments: as a result of a general drop in the demand for goods and services in the economy of country.

Cyclical unemployment are very common in recessions as companies then massively drop workers in their establishment due to general low economic activities.

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This information relates to Sage Hill Co.

fiasKO [112]

The preparation of the journal entries to record the transactions of Sage Hill Co. are as follows:

<h3>Journal Entries:</h3>

April 5 Debit Inventory $27,900

Credit Accounts Payable (Oriole Company) $27,900

Credit terms 4/10, n/30.

April 6, Debit Freight-in $520

Credit Cash $520

April 7, Debit Equipment $32,700

Credit Accounts Payable $32,700

April 8, Debit Accounts Payable (Oriole Company) $4,800

Credit Inventory $4,800

April 15, Debit Accounts Payable (Oriole Company) $23,100

Credit Cash $22,176

Credit Cash Discounts $924

<h3>Transaction Analysis:</h3>

April 5 Inventory $27,900 Accounts Payable (Oriole Company) $27,900

Credit terms 4/10, n/30.

April 6, Freight-in $520 Cash $520

April 7, Equipment $32,700 Accounts Payable $32,700

April 8, Accounts Payable (Oriole Company) $4,800 Inventory $4,800

April 15, Accounts Payable (Oriole Company) $23,100 Cash $22,176 Cash Discounts $924

Learn more about recording transactions at brainly.com/question/24835236

3 0

2 years ago

During its first year of operations, Silverman Company paid $15,085 for direct materials and $10,200 for production workers' wag

elena-s [515]

Answer:

$4,550

Explanation:

First, we need to calculate the product cost per unit

Product cost per unit = Total production costs / Units produced

= ($15,085 + $10,200 + $9,200) / 6,050 units

= $5.7 per unit

Cost of goods sold = $5.7 × 3,700 units

= $21,090

Net income = Sales - Cost of goods sold - Operating expenses

= ($8.2 × 3,700) - $21,090 - $4,700

= $30,340 - $21,090 - $4,700

= $4,550

6 0

3 years ago

Which payment method typically charges the highest interest rates

Wittaler [7]

What payment method typically charges the highest interest rates?

pay day loans

6 0

3 years ago

If during 2011 the Republic of Sildavia recorded a value added of $78 billion, wages of $40 billion, profits of $8 billion, and

Otrada [13]

Answer:

$12 billion.

Explanation:

Given: Value added during 2011= $78 billion.

Total sales= $90 billion.

Intermediate goods are the goods used to produce final product and it is not included in the calculation of GDP, however, it is included in the value of final goods.

Now, finding the value of intermediate goods purchased.

Intermediate goods= $Total\ sales - Total\ value\ added$

⇒ Intermediate goods= $\$ 90\ billion - \$ 78 \ billion$

∴ Intermediate goods= $\$ 12\ billion$

Hence, value of intermediate goods purchased is $12 billion.

7 0

3 years ago

g The transactions of Spade Company appear below. Kacy Spade, owner, invested $100,750 cash in the company in exchange for commo

Stolb23 [73]

Answer:

Dr Cash 100,750

Cr Common stock 100,750

Dr Office supplies 1,250

Cr Cash 1,250

Dr Equipment 10,050

Cr Accounts payable 10,050

Dr Cash 15,500

Cr Fees earned 15,500

Dr Accounts payable 10,050

Cr Cash 10,050

Dr Accounts receivable 2,700

Cr Fees earned 2,700

Dr Rent expense 1,225

Cr Cash 1,225

Dr Cash 1,125

Cr Accounts receivable 1,125

Dr Dividends 10,000

Cr Cash 10,000

Cash Accounts receivables

Debit Credit Debit Credit

100,750 1,250 2,700 1,125

15,500 10,050 1,575

1,125 1,225

10,000

94,850

Office Supplies Equipment

Debit Credit Debit Credit

1,250 10,050

1,250 10,050

Accounts payable Common Stock

Debit Credit Debit Credit

10,050 10,050 100,750

0 0 100,750

Fees earned Rent Expense

Debit Credit Debit Credit

15,500 1,225

2,700 1,225

18,200

Dividends

Debit Credit

10,000

10,000

4 0

3 years ago