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Natalka [10]
3 years ago
15

The type of unemployment associated with recessions is called:

Business
1 answer:
kherson [118]3 years ago
5 0

Answer:

cyclical unemployment

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Sierra Company incurs the following costs to produce and sell a single product.Variable costs per unit:Direct materials $ 11Dire
ZanzabumX [31]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Variable costs per unit:

Direct materials $ 11

Direct labor $ 6

Variable manufacturing overhead $ 3

Variable selling and administrative expenses $ 6

Fixed costs per year:

Fixed manufacturing overhead $ 58,500

Fixed selling and administrative expenses $ 300,000

During the last year, 29,250 units were produced and 25,500 units were sold.

The Finished Goods inventory account at the end of the year shows a balance of $75,000 for the 3,750 unsold units.

1) Variable costing;

Unitary cost:

Direct materials $ 11

Direct labor $ 6

Variable manufacturing overhead $ 3

Total unitary cost= $20

Cost of unsold units= 20*3750= $75,000

2) Under absorbing costing:

Unitary cost:

Direct materials $ 11

Direct labor $ 6

Variable manufacturing overhead $ 3

Fixed manufacturing overhead= 58500/29250= 2

Total unitary cost= $22

Cost of ending finished goods= 22*3750= $82,500

5 0
3 years ago
When the auditors express an opinion on financial statements their responsibilities extend to:
Westkost [7]

When the auditors express an opinion on financial statements their responsibilities extend to : Whether the results of their client's operating decisions are fairly presented in the financial statements.

Explanation:

An auditor is a person or corporation assigned to conduct an audit by a client. To order to be an auditor, a person should have a credential or relevant credentials of the regulatory authority for accounting and auditing.

The auditor is someone who reviews financial records and checks them. They ensure consistency of financial records and correct payment of taxes. We monitor financial activities to ensure that companies operate efficiently.

A statement that somehow the auditor is liable for expressing an opinion on the audit's financial statements. Examining details of the sums and reports in the financial statements on a test basis; evaluating the accounting standards used and relevant management estimates;

4 0
3 years ago
Brent is a full-time exempt employee in Clark County, Indiana. He earns an annual salary of $39,360 and is paid semimonthly. He
serious [3.7K]

Answer:

  • Federal Income tax ⇒ $80
  • FICA ⇒ $125.46
  • State income tax ⇒ $52.97
  • Local deduction - Clark County Income tax ⇒ $29.52

Explanation:

Brent gets paid semi-monthly so his pay per period is:

= 39,360 / (12 months *2)

= $1,640

Based on the table therefore, his federal tax is:

= $80

This figure is based on the intersection between income of $1,640 and 3 withholding allowances.

FICA tax rate is 7.65% so his FICA tax is:

= 1,640 * 7.65%

= $125.46

State income tax = $52.97

Local deduction - Clark County Income tax = $29.52

Total deductions:

= Federal tax + FICA + State income tax + Clark County income tax

= 80 + 125.46 + 52.97 + 29.52

= $287.95

3 0
3 years ago
The cost of capital of a company that uses 45 percent debt that has an after-tax cost of debt of 10 percent and 55 percent equit
zimovet [89]

Answer:

12.75 %

Explanation:

Cost of Capital is calculated on a Weighted Average basis. This is because there is a Pooling of Funds when it comes to financing projects. So Cost of Capital is the Return that is Required by providers of Long Term source of finance.

Cost of Capital = E/V × Ke + D/V × Kd

Where,

E/V = Market Weight of Equity

      = 0.55

Ke = Cost of Equity

    = 15%

D/E = Market Weight of Debt

      = 0.45

Kd = Cost of Debt

     = 10%

Therefore,

Cost of Capital = 0.55 × 15% +  0.45 × 10%

                         = 12.75 %

4 0
2 years ago
Large data units are broken into smaller pieces by a process called
dsp73

The answer in the description above is segmentation. This is the process of which large data undergone into having their properties to be broken into small pieces in which will help in having them to fit with a specific TCP segment.

6 0
3 years ago
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