Answer:
Officially, the Great Recession lasted between December 2007 and June 2009, but it certainly seemed longer.
The economy crushed property and stock markets, destroyed $18.9 trillion of household wealth and destroyed over eight million jobs.
Explanation:
In December 2007, the Great Recession came to an end in June 2009, making the Great Recession the longest since World War II. The Great Recession was extremely extreme in a number of ways. Actual GDP decreased by 4.3% in 2009Q2, the biggest decline in the post-war era (based on the data of October 2013), as from its peak in 2007 Qu4. The figure was 4.3%. In December 2007, the unemployment rate was 5%, rising to 9.5% in June 2009 and a high of 10% in October 2009.
Simultaneously, the financial consequences of the Great Recession had outsized: the average home prices decreased by about 30 percent from the middle of 2006 to mid-2009, while the S&P 500 index decreased by 57 percent from its high in October 2007. Net values for US households and non-profit organizations dropped to $55 trillion in 2009, from a high of approximately $69 trillion in 2007.
Answer:
Option (a) is correct.
Explanation:
Given that,
Completed units during June = 65,000 units
Ending inventory units = 7,000 units
Beginning inventory units = 4,000 units
Number of material equivalent units of production in the June 30:
= Completed units during June + Ending inventory units - Beginning inventory units
= 65,000 units + 7,000 units - 4,000 units
= 68,000 units
Therefore, the number of material equivalent units of production is 68,000 units.
Answer:
The required rate of return on stock is 14.6% and option b is the correct answer.
Explanation:
The required rate of return is the minimum return that investors demand/expect on a stock based on the systematic risk of the stock as given by the beta. The expected or required rate of return on a stock can be calculated using the CAPM equation.
The equation is,
r = rRF + Beta * (rM - rRF)
Where,
- rRF is the risk free rate
- rM is the return on market
r = 0.05 + 1.2 * (0.13 - 0.05)
r = 0.146 or 14.6%
The journal entry for the inventory purchased will be to record the sale and another one to record the cost of the sale.
<h3>What is a journal entry?</h3>
It should be noted that a journal entry is used to record the financial activities of a company.
In this case, the journal entry for the purchase of inventory on account using the perpetual inventory system is to record the sale and another one to record the cost of the good.
Learn more about inventory on:
brainly.com/question/24868116
