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3 years ago

__________ unemployment refers to loss of jobs due to a recession or a similar downturn in the economy.

Business

1 answer:

Eva8 [605]3 years ago

4 0

Answer:

Cyclical unemployment is the loss of jobs due to a recession or downturn in an economy.

Explanation:

Cyclical unemployment is a type of unemployment. It is also known as Keynesian or deficient-demand unemployment. This type of unemployment occurs when the overall demand in an economy is not enough to provide jobs to the people who want to work. Cyclical unemployment is observed during the periods of slow economic growth or recession.

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If the beginning inventory for 2017 is overstated, the effects of this error on cost of goods sold for 2017, net income for 2017

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The answer overstatement, understatement and no effect. In addition, the incapability to record a purchase of commodities on account even still the goods are properly comprised the physical inventory results in an underestimation of liabilities and an overemphasis of owners’ equity

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HM 2010 week 3 assignment A

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Lenny loves physics and math. In which Energy career pathway would these interests be the most helpful?

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Answer:

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You would be making a wise decision if you chose to:________.

Korolek [52]

Answer:

c. accept the loan with the lower effective annual rate rather than the loan with the lower annual percentage rate.

Explanation:

In the above scenario it will be a good financial decision to choose a loan with lower effective rate than the one with lower percentage rate.

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3 years ago

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Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31, 2015, the accoun

Hitman42 [59]

Answer:

Goods available for sale = 300 units

ending inventory under:

FIFO = $1,200
LIFO = $900
weighted average = $1,050
specific identification = $981.60

COGS under:

FIFO = $2,860
LIFO = $3,160
weighted average = $3,010
specific identification = $3,078.40

Explanation:

Transactions Units Unit Cost Total

Beginning Inventory Jan 1, 2015 400 $3.00 $1,200

a) Purchase, Jan 30 300 $3.40 $1,020

b) Purchase, May 1 460 $4.00 $1,840

c) Sale (160) $5.00 ($800)

total 300 $4,060

ending inventory under:

FIFO = 300 x $4 = $1,200

LIFO = 300 x $3 = $900

weighted average = ($4,060 / 1,160) x 300 = $1,050

specific identification = $4,060 - $3,078.40 = $981.60

COGS under:

FIFO = 300 x $4 = $4,060 - $1,200 = $2,860

LIFO = 300 x $3 = $4,060 - $900 = $3,160

weighted average = $4,060 - $1,050 = $3,010

specific identification = (160 x 2/5 x $3) + (160 x 3/5 x $3.40) + (240 x $3) + (460 x $4) = $3,078.40

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3 years ago