If the options are:
A) Straight-line method will fully depreciate the asset more quickly.
B) Double-declining-balance method will fully depreciate the asset more quickly.
C) Income taxes paid will be lower under the double-declining-balance method.
D) Losses on disposal will be lower under the straight-line method.
<span>E) None of the above

Answer: E.</span>

8 0

3 years ago

If the number of unemployed persons in a country equals 24 million, the number of employed persons equals 8 million, and the num

antiseptic1488 [7]

Full Question:

If the number of unemployed persons in a country equals 24 million, the number of employed persons equals 8 million, and the number of persons over age 16 in the population equals 40 million, the unemployment rate equals:

a. 18%

b. 25%

c. 32%

d. 75%

Answer:

The correct answer is D) 75%

Explanation:

Step 1:

The formula for unemployment rate is:

Unemployment Rate = (Number of Unemployed Persons / Labor Force) x 100

<u>The labor force is the sum of unemployed and employed persons</u>. By dividing the number of individuals whom are unemployed by labor force, you'll find the labor force participation, or unemployment rate.

Step 2

Therefore:

The labor force is arrived at by adding:

24 Million and 8 Million.

(24,000,000 + 8,000,000) = 32 Million

Step 3:

If number of unemployed persons is given as 24 Million, therefore

Unemployment rate = (24,000,000/32,000,000) x 100

Unemployment rate = 75%

Cheers!

8 0

4 years ago

Information on Carney Company's fixed overhead costs follows: Overhead applied $ 361,200 Actual overhead 387,300 Budgeted overhe

xenn [34]

Answer:

The Fixed overhead price is "U" (unfavorable) and the The fixed overhead production volume is "U" (unfavorable)

Explanation:

Solution

Given that:

Fixed overhead price Variance is computed as:

Fixed overhead price Variance = Actual - Budgeted

= 387,300 - 372,000

= 15,300 U

Thus,

The Fixed overhead production volume variance is computed as:

Fixed overhead production volume variance = = Budgeted - applied

= 372,000 - 361,200

= 10,800 U

6 0

3 years ago