Answer:
Rate of unemployment will be 25 %
So option (b) will be correct option
Explanation:
We have given that the number of unemployed person = 8 million
And number of person who are employed = 24 million
So total number of person who are employed and unemployed = 24 +8 = 32 million
We have to find the rate of unemployment
Rate of unemployment is given by the ratio of unemployed person to the sum of employed and unemployed
So rate of unemployment 
= 25 %
So option (b) is correct option
Answer:
D) $2,900.
Explanation:
The computation of the net income is shown below:
= Revenue on account - Expenses for the period
= $5,000 - $2,100
= $2,900
To determine the net income we subtract the expenses incurred for the period from the revenues so that the accurate amount could come.
This net income would be reflected at the time of preparing the retained earning statement
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Estimated manufacturing overhead= 960,000
Estimated number of hours= 32,000
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 960,000/32,000= $30 per direct labor hour
Now, we can allocate to each unit of Planter:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 30*2= $60
B is the answer 98 percent sure hope it helps
Answer:
D. 0.85
Explanation:
This can be calculated as follows:
Asset turnover ratio = Net sales ÷ Average total assets = $850,000 ÷ 1,000,000 = 0.85
This implies that Huge Cart Inc. has been using its assets to generate revenue 0.85 times.
