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olchik [2.2K]
3 years ago
9

Suppose jess resigns from her low paying job. After looking for a new job for two weeks she is highly frusterated and gives up l

ooking for a better paying job. According to the U.S. Bureau of Labor Statistics, jess would:____.
A) be considered unemployed.B) be considered employed.C) be considered temporarily unemployed.D) not be considered as a part of the labor force.E) be considered as seasonally unemployed.
Business
1 answer:
GrogVix [38]3 years ago
8 0

Answer:

D) not be considered as a part of the labor force.

Explanation:

Labour force is defined as a group of individuals in an economy that are either employed or unemployed.

Employed individuals have jobs and are not actively looking for other opportunities.

Unemployed individuals according to the U.S Bureau of Labour Statistics are those that are employed and actively looking for other opportunities or that have no work and are looking jobs.

However in the given scenario Jess resigns from her low paying job and after looking for a new job for two weeks she is highly frusterated and gives up looking for a better paying job. She is considered not part of the labour force because she is not actively seeking employment

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The allowance for doubtful accounts currently has a debit balance of $200. The company's management estimates that 2.5% of net c
lidiya [134]

Answer:

Bad debt expense (w/o allowance) = $2,875

Bad debt expense ( with allowance) = $2,675.

Explanation:

According to the scenario, the given data are as follows:

Net credit sales = $115,000

Uncollectible percentage = 2.5%

So, we can calculate the bad debt expense without Allowance for doubtful accounts by using following method:

Bad debt expense ( W/o allowance) = $115,000 × 2.5%

= $2,875

After Allowance for doubtful expense

Bad debt expense = $2,875 - $200

= $2,675

4 0
3 years ago
Riverbed Company sells goods that cost $320,000 to Ricard Company for $407,000 on January 2, 2020. The sales price includes an i
Alecsey [184]

Answer:

a) Journal entries to record the sale on January 2, 2020:

Debit Accounts Receivable with $407,000

Credit Sales Account with $368,500

Credit Deferred Revenue (Installation Fee) with $38,500

Being sales of goods and installation services.

b) Income Statement for 1st Quarter of 2020

Sales  -  $368,500

Installation Fee - $19,250

Total Income - $387,750

less cost of sales - $320,000

Net Income - $67,750

c) The revenue Shaw should recognize in relation to the sale to Ricard is $387,750 (goods and accrued installation fee).  The installation fee to be recognized is for 3 months only.

Explanation:

The installation fee is for 6 months.  Therefore, 3 months' worth of fee will be recognized in the income statement ending on March 31, 2020.

7 0
3 years ago
Production used 2.5 labor hours per finished unit, and the company actually paid $21 per hour, totaling $52.50 per unit of finis
jeka94

Answer:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual hours

Explanation:

Giving the following information:

The production used 2.5 labor hours per finished unit, and the company paid $21 per hour, totaling $52.50 per unit of finished product.

<u>We weren't provided with enough information to solve the problem. We need estimated production hours and rates. But, I can leave the formula to solve it.</u>

To calculate direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Hours

3 0
3 years ago
SOMEONE PLEASE HELP
Umnica [9.8K]

The shareholders elect the board of directors.

6 0
4 years ago
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What is a web browser?
Viefleur [7K]

A web browser is a software application for accessing information on the World Wide Web.

What are the main parts of a web browser

Answer: ...

Status Bar: ...

Address Bar: ...

What components are in each part

Motherboard. The motherboard is an important computer component because it's what everything else connects to! ...

Power Supply. True to its name, the power supply powers all other components of the machine. ...

Central Processing Unit

What does URL stand for?

the address of a World Wide Web page.

A home page is generally the main page a visitor navigating to a website from a web search engine will see, and it may also serve as a landing page to attract visitors.} The home page is used to facilitate navigation to other pages on the site by providing links to prioritized and recent articles and pages, and possibly a search box

6 0
4 years ago
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