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yarga [219]
3 years ago
6

Suppose that the economy enters into a recession and​ that, as a​ result, Rusty Z. Wrench loses his job as a delivery truck mech

anic and remains unemployed. When the economy​ recovers, Rusty's previous employer rehires him. What is the best classification for his time as an unemployed truck​ mechanic?
Business
1 answer:
aniked [119]3 years ago
3 0

Answer:

Rusty is cyclically unemployed.

Explanation:

Rusty Z. Wrench loses his job as a delivery truck mechanic and remains unemployed when the economy enters into a recession. When the economy recovers, Rusty is rehired.  

Here, unemployment is being caused by the business cycle so we will classify it as cyclical unemployment.  

Cyclical unemployment can be defined as the unemployment that is caused due to fluctuations in the economy or business cycles.

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To be successful, what must an entrepreneur be willing to invest? Check all that apply. money unemployment personal safety time
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At Sound Off!, a store that buys and sells used CDs, there is only one general partner, Sonia. She spends all her time running t
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D. Limited partnership

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3 years ago
Calculate the 4-day moving average for the following data (Remember that
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116 . 100. 560 . 58

257 . 1100. 342 . 186

5 0
3 years ago
Assume that the following events occurred at a division of Generic Electric for March of the current year:
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Answer:

$192 million; $153.60 million; $38.40 million

Explanation:

Given that,

Direct material purchased = $80 million

Direct labor costs = $51 million

Manufacturing overhead = $77 million

Percent of the work-in-process completed = 80%

(1) Transfers-In:

= Direct materials + Direct labor costs + Manufacturing overhead

= (80% × $80 million) + $51 million + $77 million

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= $192 million

(2) Transfer-out:

= Transfers-In × percent of the work-in-process completed

= $ 192 million × 80 %

= $ 153.60 million

(3) Ending Balance:

= Transfers-In - Transfer-out

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= $38.40

6 0
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