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dangina [55]
3 years ago
15

Introduction: Drag each tile into the box where it best belongs. Causes of Recession. Cause of Recovery. loss of jobs for worker

s falling demand for products increased hiring by employers rising demand for products​
Business
1 answer:
Dennis_Churaev [7]3 years ago
6 0

Answer: Please refer to Explanation

Explanation:

First an explanation of the terms.

Recession - A Recession refers to successive Quarters seeing a reduction in economic activity or negative Economic growth. On the business cycle, it is the area between the Peak and the Trough.

Recovery - This is the period in the business cycle where the Economy is rising and Economic growth is starting to be positive. It shows Increased business activity and is the area between the Trough and the Peak after the cycle leaves the Trough.

Classification.

Loss of jobs for workers - CAUSES OF RECESSION.

When workers lose their jobs, that means they will have less money to buy goods and services meaning that demand will fall. Demand falling means that companies have to produce less which leads to a reduction in Economic activity.

Falling demand for products - CAUSES OF RECESSION

As just mentioned, when there is a falling Demand for products, suppliers will respond by producing less goods. When this happens, there will be a reduction in Economic activities which is a Recession if the trend continues for a period of time.

Increased hiring by employers - CAUSE OF RECOVERY.

As more employers hire more people it signifies 2 things. One is that the company is now producing more which leads to more economic activity. Two is that with more people employed, more people have money and as such can buy more goods and services which means increased demand. This will help the Economy recover.

Rising demand for products - CAUSE OF RECOVERY.

As the demand for products rises, suppliers will respond by ramping up production. To do this they will need to employ more people and in so doing empower more people with money to buy goods and services which will increase Economic Activity which will help the economy recover.

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Graham, Inc.'s April bank statement shows an April 30 balance of $5,120. Prior to reconciliation, its books show a cash balance
Mars2501 [29]

Answer:

$5,570

Explanation:

The purpose of a bank reconciliation statement is to reconcile the difference between Cash Book balance and Bank Statement balance. Also it is used to check accuracy of Cash Book and the accuracy of Bank Statement.

Graham, Inc.'s April bank reconciliation statement is prepared as :

Graham, Inc.

Bank reconciliation statement as at April 30

Balance as per Bank Statement                 $5,120

Add outstanding lodgments                         $800

Add back error at the bank                            $115

Less unpresented checks                           ($465)

Balance as per Cash Book                        $5,570

therefore,

The reconciled cash balance at April 30 on the bank reconciliation should be $5,570.

4 0
3 years ago
The George Company has a policy of maintaining an end-of-month cash balance of at least $37,000. In months where a shortfall is
amid [387]

Answer:

  1. $140
  2. $14,140

Explanation:

1. First find the net amount amount the company borrowed in April:

= Cash balance to be maintained + Loan repayment - Budgeted end of April balance

= 37,000 + 1,000 - 24,000

= $14,000

Interest = 14,000 * 12%/ 12 months

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2. Financing effect:

= Amount borrowed + Interest

= 14,000 + 140

= $14,140

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Answer:

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Explanation:

Inflation is the overall increase in the prices of goods and services. It is a quantitative measure to understand the change in the prices. In general, inflation means average prices of goods and services are rising. It does not account for the relative prices so it is not certain what is happening to relative prices.

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