Answer:
Contraction cycle or Recession
Explanation:
The cyclical unemployment is due to the cycles of economy ( expantion:Grow and contraction: recession) Under these circumstances unemployment is considered normal as the economy cannot sustain itself always in an expansion cycle.
Answer:
$7,700
Explanation:
There are two basis of accounting. These are the cash and accrual basis. In the cash basis of accounting, expenses are full recognized only when cash has been paid.
Hence unlike in the accrual basis where the payment or non payment results in the recognition of the expense once it has been incurred (and a corresponding asset or liability in form of prepayments and accrued expense), expenses under the cash basis of account would always result in a debit to expense and a credit to cash.
As such, if On January 1, the law firm paid $ 7 comma 700 for seven months of advertising, this will be recognized as the expense for the two months ending February 28 under the cash basis.
Answer:
The correct answer is letter "A": Using tabulations and enumerations.
Explanation:
There are several forms to improve the writing of a formal report. Using active voice, consistent sentences, and transitions in between sentences are some examples. When it comes to transitions they are useful to keep readers' interested. Implementing <em>tabulations and enumerations</em> at the beginning of a listing helps sentences to be linked one with another and provides the idea that after reading one sentence another is coming up.
Answer:
a-3 / b-2 / c-4 / d-1
Explanation:
Notes to financial statements: Includes a summary of significant accounting policies and explanations of specific items on the financial statements.
The notes are required by the full disclosure principle. Also referred to as footnotes. Provide additional information pertaining to a company's operations and financial position.
Report of independent registered public accounting firm: Attests to the fairness of the presentation of the financial statements.
is a process designed to provide reasonable assurance regarding the reliability of financial reporting.
Management's discussion and analysis of financial condition and results of operations (MD&A): Is written by the company to help investors understand the results of operations and the financial condition of the company.
Disclosure is mandatory where there is a known trend or uncertainty that is reasonably likely to have a material effect on the registrant's financial condition or results of operations
Financial statements: Includes the income statement, balance sheet, statement of stockholders' equity, and statement of cash flows.
are reports prepared by a company's management to present the financial performance and position at a point in time.
Answer:
acquisition of resources
Explanation:
The strategy that this corporation is using would be considered the acquisition of resources. This is what every multinational company does in order to cut down costs as much as possible. By pursuing and obtaining cheaper labor in a foreign country, the company is cutting down its overall costs. This can be done by also importing other resources from locations in which that resource is abundant meaning it is therefore much cheaper.
