Answer:
1. Apple Stocks Dr. $75,000
Deferred Donation Income Cr. $75,000
2. Apple Stocks Dr. $1,500
Gain on Apple Stocks Cr. $1,500
3. Cash Dr. $ 76,000
Gain/Loss on Apple stocks Dr.$1,500
Apple Stocks Cr.$76,500
Explanation:
1. when stocks are received subject to a condition that we can't recognize donation income. therefore it is recorded as liability. please note that deferred income is called as liability.
2. When value of stocks increase, asset stock of apple also increase by differential amount.
3. when asset is sold, the loss is recognized and assets are knocked off from books and cash asset is recorded.
Answer:
The frictional unemployment rate is <u>3.1</u> percent and the actual unemployment rate (in this economy) is <u>7.3</u> percent.
Explanation:
natural unemployment rate = frictional unemployment + structural unemployment
frictional unemployment = natural unemployment - structural unemployment = 5.3% - 2.2% = 3.1%
actual unemployment rate = natural unemployment + cyclical unemployment rate = 5.3% + 2% = 7.3%
Frictional unemployment is voluntary and happens when someone quits his/her job in order to look for a better job. Structural unemployment happens when the skills of the workers do not match the requirements of the hiring companies. Cyclical unemployment takes place when the economy is in recession.
False most countries have embassies
Answer:Flexible budget =$ 150,750
Explanation:
Variable overhead rate = $108,000 / 160000 = $ 0.675 per hour
(budgeted supervision cost)
Fixed overhead = $ 36,000
Flexible budget = Variable over head rate x direct labour + budgeted supervision cost (fixed overhead)
0.675 x 170,000+ 36,000
= 114,750+36,000
=$ 150,750
<span>The relevant factors in computing depreciation do not include market value. They do include original cost, salvage value, the depreciation method, and the useful life. We use the original cost instead of market value when computing depreciation.:</span>