The people that is part of the labor force is option D: an auto mechanic
The best example of frictional unemployment is option D: a company moving to another state, leaving its workforce without jobs
The ways that the economy is affected when the unemployment rate goes up are option B and C:
- Sales tax rates go down.
- Less money is spent on investments.
The most likely result of incomes not rising as quickly as inflation is option B: The unemployment rate rises as more people look for jobs.
The way the standard of living in the United States generally changed over the past 100 years is option B: It has gotten much better.
<h3>What do the terms "labor force" and "work force" mean?</h3>
The labor force is the whole population that is actively seeking employment. It is measured in terms of the number of days and is independent of wage rates. The workforce is the total number of people who are really employed.
Short-term unemployment includes frictional unemployment. When someone actively seeks a job or a new career, they are said to be in a frictional state of unemployment. Unemployment that is only intermittent isn't always a terrible thing. In fact, since it's voluntary, frictional unemployment may be a sign of a strong economy.
Hence, the term "workforce" or "labor force" refers to the group of people who are either employed or unemployed and an auto mechanic is a good example of it.
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Answer:
2021 inventory balance using dollar-value LIFO = $1,384,025
Explanation:
Note: Before answering the question, the data in it are sorted first as follows:
Year ended December 31 Inventory at End-of-year Prices Price Index
2019 $ 654000 1.00
2020 1261000 1.05
2021 1345250 1.10
The explanation of the answer is now given as follows:
Change in inventory in 2020 = Inventory at End-of-year Prices in 2020 - Inventory at End-of-year Prices in 2019 = $1,261,000 - $654,000 = $607,000
Change in inventory in 2021 = Inventory at End-of-year Prices in 2021 - Inventory at End-of-year Prices in 2020 = $1,345,250 - $1,261,000 = $84,250
2021 inventory balance using dollar-value LIFO = (Inventory at End-of-year Prices in 2019 * Price Index in 2019) + (Change in inventory in 2020 * Price Index in 2020) + (Change in inventory in 2021 * Price Index in 2021) = ($654000 * 1.00) + ($607,000 * 1.05) + ($84,250 * 1.10) = $1,384,025
Answer:
The answer is below
Explanation:
Education is considered the basic requirement for the profession because, through education, people get to learn the basic knowledge required to perform a profession.
For example, a medical doctor or physician profession requires education in core biological science subjects such as microbiology, human anatomy, medical rehabilitation, dentistry, etc.
Education gives the professional the knowledge to anticipate, predict, and carry out the right solution to any problem that needs to be solved under his or her profession.
For example, a civil engineer needs education in architectural and engineering drawing to translates the drawing into reality or an actual project.
It is because you always have to pay it. The federal income tax is what the govt charge to take care of United States. It will never go away, you will always have to pay it. That is why it is called a progressive tax.
Answer:
The correct answer is $177,955.
Explanation:
According to the scenario, the computation of the given data are as follows:
Capital in excess of par account = $74,500
Common stock = $85,000
Retained earning = $141,500
So, we can calculate the balance in the capital in excess of par account be after the dividend by using following formula:
Capital after Dividend = Balance sheet amount of Capital + ( Issued additional share × Capital in excess of par per share )
Where,
Issued additional share = 11% × $85,500 = 9,405
And Capital in excess of par per share = $12 - $1 = $11
By putting the value, we get
Capital after dividend = $74,500 + ( 9,405 × $11)
= $74,500 + $103,455
= $177,955
