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3 years ago

Most spells of unemployment are long, and most unemployment observed at any given time is long-term. a. True b. False

Business

1 answer:

dezoksy [38]3 years ago

7 0

Answer: False

Explanation:

Unemployment refers to the individuals that are part of the labor force in an economy but cannot find suitable job for themselves.

Most spells of unemployment are not long but rather short while most unemployment observed at any given time is long-term. It should also be noted that the unemployment problem in an economy is usually because of few workers who are without job for long periods of time.

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Calculate ending inventory and cost of goods sold for 2015, assuming the company uses specific identification. Actual sales by t

Zielflug [23.3K]

Answer:

The value of closing inventory is $3,500

Cost of goods sold $40,670

Explanation:

The two tasks here is to compute the value of closing inventory and the costs of goods sold during the year.

The fact that all opening inventory units were sold and that 230 units out of 250 units bought on May 5 leaves 20 units of that batch inventory in closing inventory.

Also, 20 units of 200 units bought on November 3 in inventory since 180 units were already sold.

Hence the value of closing inventory is computed thus:

May 5 20*$85=$1,700

Nov 3 20*$90=$1,800

Total $3,500

The costs of goods sold are is computed thus:

Opening inventory 60*$82 $4,920

May 5 230*$85 $19,550

Nov 3 180*$90 $ 16,200

Total $40,670

7 0

3 years ago

Difference between transport business and drink business

gtnhenbr [62]

Answer:

a transport business uses (preferably semi's) any vehicles to transport one item from one place to another. a drink business is a place/product ( drinks (soft or alcoholic) and you sell them to make a profit

transport business is both cheaper and easy to set up and run.

8 0

3 years ago

Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it produ

melisa1 [442]

Answer:

Total Flexible Budgets for 12,000, 15,000, and 18,000 units is $ 556,000 $ 643,000 and $830,000

Explanation:

Steelcase Inc.

Assembly Department:

Steel per filing cabinet ............................................. 55 pounds

Direct labor per filing cabinet ...................................... 20 minutes

Supervisor salaries ................................................ $180,000 per month

Depreciation ...................................................... $28,000 per month

Direct labor rate................................................... $21 per hour

Steel cost ......................................................... $0.40 per pound

Steelcase Inc.

Flexible budget 

For the month of August 2014.

Units: 12000 15000 18000

Steel for filing cabinet 660,000 825000 990,000 pounds

Steel cost $264,000 330,000 $ 396,000

Direct labor Hrs 4,000 5,000 6,000

Direct labor Cost $84,000 $105,000 $ 126,000

Supervisor salaries $180,000 $180,000 $180,000

Depreciation $28,000 $28,000 $28,000

Total $ 556,000 $ 643,000 $830,000 

First we find the Steel for filing cabinets in pounds . Then we multiply with the rate to find the steel cost.

Similarly we find the direct labor hours and then the direct labor cost.

We assume that the supervisor salaries and depreciation are fixed.

4 0

3 years ago

A can be cut from chickens, pheasants,

kolezko [41]

Can you give a better explanation

5 0

4 years ago

Why is price discrimination not possible under perfect market conditions

Trava [24]

Because since the seller has no control over the market price of a product. It requires an element of monopoly to allow him influence price

8 0

3 years ago