Answer: because people do not find jobs instantaneously.
Explanation:
Full employment refers to an economic situation whereby the available labor resources in the economy are used in the most efficient way. It is when the highest amount of both the skilled and the unskilled labor in an economy are employed at a particular time.
It should be noted that full employment is not considered to be zero unemployment because there'll always be the minimum rate rate of unemployment which is the natural unemployment rate in such economy as people do not find jobs instantaneously.
Answer:
The computations are shown below:
Explanation:
(a) Depletion cost per unit
Depletion cost per unit
= $717,963 ÷ 806,700 tons
= $0.89 per ton
(b) The Journal entry to record depletion expense is
Depletion Expense A/c Dr $ 92,293
(103,700 tons × $0.89)
To To Accumulated Depletion A/c $ 92,293
(Being the depletion expense is recorded)
(c) The cost applicable is
= 16,700 unsold units × $0.89
= $14,863
Answer:
Journal Entry and their narrations is shown below:-
Explanation:
1. Notes receivable Dr, $610,000
To Sales revenue $610,000
(Being Sales revenue is recorded)
2. Cost of goods sold Dr, $500,000
To Inventory $500,000
(Being cost of goods sold is recorded)
3. Cash Dr, $610,000
To Notes receivable $610,000
(Being collections of notes receivable is recorded)
Answer: identifiable
Explanation: In simple words, identifiable segment refers to that segment of the market or potential market which the interest party can easy understand and verify.
In the given case, Conde nast is going to publish a new magazine and already have the potential customer base list on them.
Hence from the above we can conclude that the segment is identifiable.
W understated his age at the time he wanted to purchase the insurance policy; he was 52 then but he stated his age as 50. The normal procedure under the misstatement of age provision in regard to the payment of the death claim is that THE AMOUNT THAT WILL BE PAID TO W'S BENEFICIARIES WILL BE EQUIVALENT TO THE AMOUNT THAT THE PREMIUM WOULD HAVE BOUGHT IF THE CORRECT AGE HAD BEEN STATED.
