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Cloud [144]
3 years ago
7

Consider four individuals: John, Patty, Cole, and Betsy. Each individual's situation is described below: John is a 50-year-old a

uto worker who was laid off from his job six months ago. He is frustrated with his inability to find a full-time position. Last week he took a part-time job, but could work only three hours. Patty is a 35-year-old professional basketball player. She finished her last season as a player three weeks ago, and is currently interviewing for a coaching position. Cole is a 27-year-old graphic designer who is taking two years off work to care for his young daughter. Betsy is an 18-year-old who is currently serving in the army. When she leaves the army, she plans to work in the family business. Based on the criteria used by the Bureau of Labor Statistics, classify each:_____.
Business
1 answer:
Finger [1]3 years ago
6 0

Answer:

John is EMPLOYED.

Even though it is only a part time job that John has, this qualifies him to be classified as employed because part time workers are considered employed.

Patty is UNEMPLOYED.

Unemployed people are those who at that point do not have employment but are actively looking for it. Patty is interviewing for a coaching job so is looking for work which makes her unemployed.

Cole is NOT IN LABOR FORCE.

Cole has decided not to work or look for work in these two years which means that he is not in the labor force as only those who are looking for work or working are considered part of the labor force.

Betsy is NOT IN CIVILIAN POPULATION.

Betsy is not in the civilian population as she is in the army. Those in the armed forces are not considered in the calculation of the labor force as they are not civilian.

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Tommy’s Tile Service is planning on purchasing new tile cleaning equipment that will improve their ability to remove tough stain
sergejj [24]

Answer:

1. $132,800

2. $531,200

3. $1,071,200

Explanation:

The break-even point is the level of sales at which the business incur no profit no loss.Fixed and variable costs are covered at this level of sales. Use following formula of break-even to calculate the fixed cost.

Break-even point = Fixed cost / Contribution margin ratio

$487,200 = Fixed cost / 25%

Fixed Cost = $487,200 x 25% = $121,800

1.

Revised Fixed cost = $121,800 + $11,000 = $132,800

2.

New Break-even point = $132,800 / 25% = $531,200

3.

Desired profit = $135,000

Desired revenue = ( Desired profit + Fixed cost ) /Contribution margin ratio = ( $135,000 + 132,800 ) / 25% = 267,800 / 25% = $1,071,200

5 0
3 years ago
At the beginning of 2014, Sabrina Company had the following normal ledger balances: Accounts Receivable: $24,000 Allowance for U
zimovet [89]

Answer:

$10,300

Explanation:

Accounts receivable, beginning = $24,000

Credit sales = $450,000

Cash collections from customers = $460,000

Accounts receivables written off = $3,700

Accounts receivables, ending = Accounts receivable, beginning + Credit sales - Cash collections from customers - Accounts receivables written off

Accounts receivables, ending = $24,000 + $450,000 - $460,000 - $3,700

Accounts receivables, ending = $10,300

So, at the end of the year, the balance in the Accounts receivable is $10,300.

7 0
3 years ago
The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The compan
miss Akunina [59]

Answer:

Check the explanation

Explanation:

Particulars                                                      Amt

Opening Cash                                               51907

Add: Cash Received (13400+4500)            17900

Less: Payment to supplier                            5500

Less: Operating Expenses Paid                   48950

Closing Cash Balance                                  15357

8 0
3 years ago
In her research paper, Kirstein copied a few paragraphs from a renowned author's work verbatim without placing them within quota
Effectus [21]

Answer:

Word-for-word.

Explanation:

Word for word plagiarism is seen to be an unethical form of writing where the said student or researcher is seen to copy a fellow researchers works verbatim and particularly word for word with also quotation marks too. In as much as this is a bad form for writers, people are always seen to commit themselves in still doing it. This can cause a lawsuit in some places depending on the researcher whose work is been stolen/copied.

In all, it is been tagged an act of intellectual dishonesty which comes with uneasy consequences when it is done to a wrong person; a plagiarized assignment may lead to a failing grade, a suspension, or an expulsion.

4 0
4 years ago
Dave works as a traveling pharmacist. He does not work at one pharmacy but fills in all over the country whenever another pharma
Anon25 [30]

Answer: This is an example of a RPh on the Go.

Explanation: RPh on the Go is a national health protection services company placing druggist and apothecary technicians into apothecary careers crosswise the country.

3 0
3 years ago
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