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3 years ago

15. Why is unemployment a closely watched figure by the government?

2 answers:

6 0

The government watches the employment rate because the rate of employment can affect the the performance of a country. If the employment rate is low the standard of living of that country might be low as well. This could affect individuals health and life expectancy. Also if the employment rate is low this means that the country is not effectively employing all its resources and GDP is going to be lower than its potential. The government will then try to find measures to increase the employment rate.
If the employment rate is high then the economy is booming, the standard of living is high and the spending and output in the economy is high.

An individuals level of education can negatively or positively impact their employability and earnings. A person with higher education and experience is mostly likely to be faster employed and receive higher earnings in comparison to a person with lower education and experience.

oksano4ka [1.4K]3 years ago

4 0

15. Unemployment is closely watched by the government due to the fact that the amount of people in the U.S that are bringing in revenue, effects the economy.

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The philosophical leaders of the quality movement, Philip Crosby, W. Edwards Deming, and Joseph M. Juran, had the same general m

Nataly [62]

Answer:

The correct answer is A. Quality is free.

Explanation:

Deming's main interest was the application of statistical techniques since he was trained in the group of Walter Shewart, who developed the methods of statistical quality control (SQC). It was Deming who introduced the statistical quality control methods in Japan after World War II, and which underpin Kaoru lshikawa's approach to total quality control.

His proposal is the basis for the transformation, adoption and performance of the administration applied both in small and large organizations, whether they are services or dedicated to the manufacture of goods, these are known as the Deming philosophy for quality .

The thinking of Juran, as well as that of the other quality philosophers, is focused on ensuring that companies achieve and maintain quality leadership, define the roles of senior managers to lead their companies towards that objective and dispose of the means to be used by managers for that leadership.

Juran bases his theory on quality on the observations made to the Japanese and their strategies used, which included:

• Senior management occupation

• Training for all functions and at all levels

• Quality improvement at a continuous and revolutionary rate

• Participation of the workforce through quality control circles

The evaluation of the characteristics of the product begins by asking customers how they evaluate quality; and the task of senior managers will be to ensure that company manuals and information include clear definitions of the word quality.

7 0

3 years ago

Another name for back rushing is?

zhenek [66]

Answer:

Ruffing

Hope this helps!!!

6 0

3 years ago

Partial income statements for Sherwood Company summarized for a four-year period show the following: 1. Restate the partial inco

OlgaM077 [116]

Answer:

1. The corrected gross profit are as follows:

2015 = $704,000

2016 = $836,000

2017 = $859,000

2018 = $1,024,000

2-a Gross profit percentage before and after correction are as follows:

Particulars 2015 2016 2017 2018

Before correction 32% 33% 31% 32%

After correction 32% 32% 32% 32%

2-b. Yes. This is because the gross profit percentage for the years are approximately the same at 32% after the correction was made.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Partial income statements for Sherwood Company summarized for a four-year period show the following:

2015 2016 2017 2018

Net Sales $2,200,000 $2,600,000 $2,700,000 $3,200,000

COGS 1,496,000 1,742,00 1,863,000 2,176,000

Gross Profit $704,000 $858,000 $837,000 $1,024,000

An audit revealed that in determining these amounts, the ending inventory for 2016 was overstated by $22.000. The inventory balance on December 31, 2017, was accurately stated. The company uses a periodic inventory system.

Required: 1. Restate the partial income statements to reflect the correct amounts, after fixing the inventory error, 2-a. Compute the gross profit percentage for each year (a) before the correction and (b) after the correction 2-b. Does the pattern of gross profit percentages lend confidence to your corrected amounts?

The explanation of the answer is now given as follows:

1. Restate the partial income statements to reflect the correct amounts, after fixing the inventory error

Note: See the attached excel file for the fixing the inventory error and the restated partial income statements to reflect the correct amounts, after fixing the inventory error.

The effect of the overstatement of closing inventory is reducing the 2016 cost of goods sold. To correct this in the attached excel file, the opening balance is reduced by $22,000 and this makes cost of goods sold of 2016 to increase and the cost of goods sold of 2017 to decrease by $22,000.

2-a. Compute the gross profit percentage for each year (a) before the correction and (b) after the correction

Note: See the attached excel file for the computed the gross profit percentage for each year (a) before the correction and (b) after the correction.

In the attached excel file, the following formula is used:

Gross Profit percentage = Gross profit / Net Sales) * 100

2-b. Does the pattern of gross profit percentages lend confidence to your corrected amounts?

Yes. This is because the gross profit percentage for the years are approximately the same at 32% after the correction was made.

Download xlsx

4 0

3 years ago

In a process-costing system, the cost of abnormal spoilage should be A. Included in the cost of units transferred out. B. Prorat

Olin [163]

Answer:

D. Treated as a loss in the period incurred.

Explanation:

The process-costing system is used by firms that produce goods that goes through a set of manufacturing departments i.e it's used when firms mass produce nearly identical or similar units through various processes.

Under process-costing system, direct costs of production are accumulated, summarized, and then assigned to all the units produced during the period.

Thus, a single product cost is calculated by dividing process cost in each manufacturing department by the respective units produced during the production period.

Some organizations that use the process-costing system are oil refineries, chemical processing companies, eraser manufacturing companies, and food production companies.

In a process-costing system, the cost of abnormal spoilage should be treated as a loss in the period incurred.

The abnormal spoilage refers to the cost exceeding normal level, associated with spoiled units of a manufacturing process. It should be treated as a loss in the period incurred because it cannot be recovered

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3 years ago

The normal rate of return on equity capital is also known as

exis [7]

The normal rate of return on equity capital is also known as the opportunity cost of capital

8 0

3 years ago