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3 years ago

I identify the different names given to the income statement.

1 answer:

5 0

<h2>The other name for "income statements" are:</h2><h2>profit and loss statement, P&L, statement of earnings, or statement of operations.</h2>

Explanation:

An income statement is the most important "financial statements" which has the ability to show to the company's financial performance over a specific accounting period.

It includes the expenses, revenue and also the net income or loss for a particular accounting period.

Revenue is earned and also reported to the statement of operations / income statement.

Definition of the term:

Revenue: Money received through sale of products or services

Uses of income statement:

To determine the operating performance of your business over a period of time

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3 years ago

One autumn, the weather is perfect for growing pumpkins, and the pumpkin crop is much larger than usual. Meanwhile, when hallowe

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Answer: Price of pumpkins will fall compared to last year.

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3 years ago

The increase in unemployment that occurs during recessions and depressions is called Group of answer choices normal unemployment

belka [17]

Answer:

cyclical unemployment.

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;

I. Cyclical unemployment rate (CU).

II. Frictional unemployment rate (FU).

III. Structural unemployment rate (SU).

IV. Actual unemployment rate (AU).

V. Natural Rate of Unemployment (NU).

A cyclical unemployment can be defined as a type of unemployment which is typically related to changes in the business, economy or industry cycle such as recession, governmental policies etc.

Mathematically, cyclical unemployment rate can be calculated using the formula;

$Cyclical \; unemployment \; rate \; (CU) = Actual \; unemployment \; rate \; (AU) - Natural \;unemployment \; rate \; (NU)$

Hence, the increase in unemployment that occurs during recessions and depressions is called cyclical unemployment

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3 years ago