The place to which someone or something is going or being sent.
Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their jobs and become full time college students. This would cause the labor force participation rate to decrease.
Let's imagine that the government employs a convincing advertising campaign to persuade those with high school diplomas to quit their jobs and devote their full time to attending college. As a result, the rate of labor force participation would decrease.
The labor force participation rate provides an estimate of the size of the labor force in an economy. The percentage of the working-age, non-institutionalized population, aged 16 and over, that is employed or actively seeking employment is used in the calculation. When paired with the unemployment rates, it can help put the state of the economy in some sort of context.
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Answer:
1. $3,000 Favorable
2. $6,600 Unfavorable.
Explanation:
This is an incomplete question. However, the completed part is question number 2, which has been solved below.
1. Direct material price variance
= (Actual price - Standard price) Actual quantity
= ($2.16 - $2.20) × 75,000
= -$0.04 × 75,000
= $3,000 Favorable
Note: Actual price is gotten by; $162,000 / 75,000
= $2.16
2. Direct material quantity variance
= (Actual quantity - Standard quantity) × Standard price
= (75,000 - $72,000) × $2.20
= 3,000 × $2.20
= $6,600 Unfavorable
Note: Standard quantity is gotten by;
24 × 3,000
= 72,000
Answer:
The Journal entries are as follows:
(a) the May 1 issuance,
Cash A/c Dr. 577,160
To Bonds - 7% $564,000
To Accrued interest $13,160
(To record the issuance)
Accrued Interest = $564,000 × 0.07 × (4/12)
= $13,160
(b) the July 1 interest payment,
Interest Payment A/c Dr. $19,740
To cash A/c $19,740
(To record the interest payment)
Interest payment = $564,000 × 0.07 × (6/12)
= $19,740
(c) the December 31 adjusting entry
Interest payable A/c Dr. $19,740
To Bonds - 7% $19,740
(To record the adjusting entry)