20. The shipment of goods or rendering of services to a foreign buyer, located in a

In 2013, there were approximately 155 million people in the labor force and the unemployment rate was 7.4 percent. If the unempl

Marianna [84]

Answer:

(a) 3.7

(b) 3.7

Explanation:

The unemployment rate is calculated as the ration of unemployed workers over the labor force. The labor force is the total number of employed plus unemployed workers:

$Unemployment\,Rate=\frac{Unemployed\,Workers}{Labor\,Force}=\frac{Unemployed\,Workers}{Employed\,Workers+Unemployed\,Workers}$

Then if there were 155 million people in the labor force and 7.4% where unemployed that means that 11.47 million people where unemployed

$0.074=\frac{Unemployed\,Workers}{155}$

$Unemployed\,Workers=0.074*155=11.47$

If unemployment rate would have been 5% we have

$Unemployed\,Workers=0.05*155=7.75$

That means that 3.72 million fewer unemployed workers. Since Labor Force is the sum of unemployed and employed workers. The reduction in unemployment implies that they were now employed .

5 0

3 years ago

Juanita Apparels Inc. outsources its production to contract manufacturers located in underdeveloped nations where unskilled labo

anzhelika [568]

D Low Cost Input Factora

4 0

3 years ago

Read 2 more answers

Instant Access Services Inc. leases access to high-speed computers to small businesses. It provides the following information fo

Afina-wow [57]

Answer:

a. $21

b. $1,890,000

Explanation:

a. The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated computer hours)

= $2,100,000 ÷ 100,000 hours

= $21

b. Now the applied overhead which equals to

= Actual computer hours × predetermined overhead rate

= 90,000 hours × $21

= $1,890,000

5 0

3 years ago

A contractor purchased a dozer for $180,000 and anticipates using it for nine years. The salvage value of the dozer at the end o

ArbitrLikvidat [17]

The salvage value of the dozer at the end of year 1 is $163,000

The salvage value of the dozer at the end of year 2 is $146,000

The salvage value of the dozer at the end of year 3 is $129,000

The salvage value of the dozer at the end of year 4 is $112,000

The salvage value of the dozer at the end of year 5 is 95,000

The salvage value of the dozer at the end of year 6 is 78,000

The salvage value of the dozer at the end of year 7 is 61,000

The salvage value of the dozer at the end of year 8 is $44,000

The salvage value of the dozer at the end of year 9 is $27,000.

<h3>What is the book value of the dozer?</h3>

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

(180,000 - $27,000) / 9 = $17,000

Book value = cost of the asset - depreciation expense

Year 1 = $180,000 - $17,000 = $163,000
Year 2 = $163,000 - $17,000 = $146,000
Year 3 = $146,000 - $17,000 = $129,000
Year 4 = $129,000 - $17,000 = $112,000
Year 5 = $112,000 - $17,000 = 95,000
Year 6 = 95,000 - $17,000 = $78,000
Year 7 = $78,000 - $17,000 = $61,000
Year 8 = $61,000 - $17,000 = $44,000
Year 9 = $44,000- $17,000 = $27,000

To learn more about straight line depreciation, please check: brainly.com/question/6982430

5 0

2 years ago

How do you think each of the following affected the world price of oil? (Use basic demand and supply analysis.)

My name is Ann [436]

The correct answer is the following.

A) Tax credits were offered for expenditures on home insulation. Affected the demand by decreasing it and the price decrease.

B) The Alaskan oil pipeline was completed. Affect the increase of supply and the price and the price decreases.

C) The ceiling on the price of oil was removed. Affect the decrease in demand and the price varies.

D) Oil was discovered in the North Sea. Affect the supply by increasing it and the price decreases.

E) Sport utility vehicles and minivans became popular. Affect the increase of the demand and the price increases.

F) The use of nuclear power decreased. Affect the increase of the demand and the price increases.

Many variables affect the price of oil. International prices are modified constantly and countries should have their provisions in order to prevent drastic changes to their economies due to the fluctuation of international oil practices. The important thing to consider is that not only economic factors affect the price of oil, but also political factors.

6 0

2 years ago