Answer:
FALSE
Explanation:
A person is considered unemployed if he / she does not have a job and has searched for a job within the last 4 weeks
Unemployment rate = (number of unemployed / labour force) x 100
To collect data on unemployment, The Bureau of Labor Statistics conducts a survey every month known as the Current Population Survey (CPS).
types of unemployment
structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent.
The geologist lost his hob permanently due to increase in wages (polices)
Frictional unemployment: the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. when a real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.
Voluntary unemployment: e.g. worker at a fast-food restaurant who quits work and attends college.
Cyclical unemployment: it occurs as a result of fluctuations in the economy. Unemployment would be high in a downturn and low in a boom
Options:
a. 14.58%
b. 12.83%
c. 15.46%
d. 16.33%
e. 16.92%
Answer:
Correct option is A.
14.58%
Explanation:
After-tax yield = pre-tax yield x (1- marginal rate)
and Taxable-equivalent yield = tax-exempt yield / (1- marginal tax rate)
Hence Taxable-equivalent yield =.105/(1-.28)
=.105/.72=.14583333
=14.58 %
Answer:
The selling price for Job A is $75,978.00
Explanation:
Molding Finishing Totals
Machine hours 4000 1000 5000
Fixed mnf. overheads 19600 2400 22000
Variable manufacturing
Overheads per machine hours 1.1 2.1
<u> JOB A</u> <u>JOB B</u>
Direct materials 13,600 7500
Direct labour costs 20,700 7400
Molding machines 2700*1.1= 2,970
Finishing 400*2.1= 840
Fixed mnf: molding 19600*4000/5000= 15,680
Fixed mnf: finishing 2400*1000/5000= <u> 480 </u>
Total cost (sum of all the above) $54,270
Mark up = 40%
Mark up=gross profit (GP)*100/cost
40%= GP*100/54270
40*54270/100= GP
GP= 21,708
Sales= cost + GP
Sales= 21,708+54,270
Sales= $75,978.00
Answer:
Total cost= $204,750
Explanation:
Giving the following information:
Fixed costs: supervisor’s salary $3,000; factory rent $6,500
Mixed costs: utilities $3,500 + $10.25 per unit
Variable costs per unit:
manufacturing labor wages $30.00
supplies used in production $13.50
packaging cost $7.25
warranty cost $4
Required: Compute total costs to be incurred for a week with 2,950 units of activity.
Fixed costs= 3,000 + 6,500 + 3,500= $13,000
Variable costs= (10.25 + 30 + 13.5 + 7.25 + 4)*2,950= $191,750
Total cost= $204,750
