If the labor force averaged 237 million in 2008–2011, by how much in percentage terms did the state and local layoffs described in the "In The News" add to the national unemployment rate, assuming all laid-off workers were actively seeking work?
Instructions: Enter your response rounded to two decimal places.
________ %
Answers
Answer:
Follows are the response to the given question:
Explanation:
unemployed people from 2008 to 2011 = 600,000
labor force from 2008 to 2011 = 237,000,000
Calculating the unemployment rate:
[tex]= (\frac{total \ unemployed \ people}{labor\ force}) \times 100[/tex]
[tex]= (\frac{600,000}{237,000,000}) \times 100\\\\= 0.0025 \times 100\\\\ = 0.25\%[/tex]
From 2008 to2011 there is 0.25% of the unemployment rate was added.
Related Questions
If a fixed asset, such as a computer, were purchased on January 1 for $3,750 with an estimated life of three years and a salvage or residual value of $150, the journal entry for monthly expense under straight-line depreciation is Group of answer choices
Answers
ANSWER:
Dr:Depreciation Expense 100 Cr:Accumulated Depreciation 100
A general-purpose diagnostic technique that views organization behavior not as a static pattern but as a dynamic balance of forces working in opposite directions is the _____.
Answers
Answer:
Force field analysis.
Explanation:
In Business management, a force field analysis can be defined as a multipurpose diagnostic model that is mainly focused on the consideration of various factors that include both the degrees of cooperation and collaboration in an organization.
This ultimately implies that, a force field analysis is a change model, technique or framework that views and analyzes a problem as a product of many forces working in different but often opposite directions i.e action-reaction force pairs.
Hence, it is a general-purpose diagnostic technique that is designed and developed to view organizational behavior not as a static pattern but as a dynamic balance of forces working in opposite directions is the force field analysis.
Suppose the price of a BMW falls. Explain the law of demand based on the income and substitution effects.
Answers
Answer:
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
It is expected that when the price of a BMW falls, the quantity of cars demanded increases.
there are two effect in place that affect the demand for BMW.
They are :
the substitution effect the income effectThe substitution effect looks at the change in price of a good relative to other goods. When the price of a BMW falls, it becomes cheaper relative to other goods. As a result, consumers buy more of BMWs and less of other goods. This leads to a movement down along the demand curve for that good.
The income effect looks at how a change in price affects real disposable income. When the price the BMW decreases, real disposable income increases. As a result, consumers can afford to buy more BMW cars as the consumers purchasing power has increased, holding money income constant.
These two effects lead to an increase in the quantity of BMW demanded
Explanation:
Aurous Incorporated planned to use $35 of material per unit but actually used $34 of material per unit, and planned to make 1,500 units but actually made 1,300 units. The sales-volume variance for materials is ________.
Answers
Answer:
45,500
Explanation:
1,300 unites multiplied bye 35 unites is 45,500 (hope this helps)
The sales-volume variance for materials is 7,000, favorable.
What is a sales-volume variance?The sales volume variance is calculated by multiplying the actual and expected number of units sold by the budgeted price per unit. Sales volume variance is a metric used by professionals to evaluate their sales performance by calculating the difference between their actual and budgeted sales volume.
The formula for calculating sales volume variance is:-
Sales-volume variance for materials = (Budgeted quantity- Actual quantity) × Standard Price
Budgeted quantity = 1,500 units
Actual quantity = 1,300 units
Standard price = $35
Sales-volume variance for materials = (1,500-1,300) ×$35
Sales-volume variance for materials = 7,000 favorable.
Therefore, the sales-volume variance for materials is 7,000 favorable.
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Recall that since stocks have really long lives, in the video we first imagined owning a stock for only one period. In this simple, yet powerful scenario, today's stock price is the PV of next year's dividend and next year's stock price.) The stock of Alydar Oil, an all-equity firm, is currently trading at $30 per share, after just having paid a $2.60 per share dividend. The market expects a dividend of $3.30 per share to be paid one year from today. If the equity cost of capital (same as discount rate for equity) is 13% for this firm, the expected ex-dividend price (the stock price after the dividend is paid next year) in one year (t = 1) should be closest to:_______.a) $32.77b) $30.60c) $33.90d) $31.30
Answers
Answer:
Option b ($30.6) is the correct option.
Explanation:
Given:
Current price,
= $30
Required rate,
= 13%
Expected dividend,
= 3.30
Now,
The expected ex-dividend will be:
= [tex]Current \ price\times (1+ Required \ rate) - Expected \ dividend[/tex]
On putting the values, we get
= [tex]30\times (1+13 \ percent)-3.30[/tex]
= [tex]30\times 1.13-3.30[/tex]
= [tex]33.9-3.30[/tex]
= [tex]30.6[/tex] ($)
When an accounting change is reported under the retrospective approach, prior years' financial statements are:
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In 2009, Winn, Inc. issued $1 par value common stock for $35 per share. No other common stock transactions occurred until July 31, 2011, when Winn acquired some of the issued shares for $32 per share and retired them. Which of the following statements correctly states an effect of this acquisition and retirement?
a. 2018 net income is decreased.
b. Additional paid-in capital is decreased.
c. 2018 net income is increased.
d. Retained earnings is increased.
Answers
Answer: b. Additional paid-in capital is decreased.
Explanation:
Assume Winn sold 100 shares.
The entry would have recorded Common stock at $100 because the par value is $1.
Additional paid-in capital would have been:
= (35 - 1) * 100
= $3,400
When the stock was now required, it was required at $32. Assuming 50 were reacquired:
Common stock would be = 100 - 50 = $50
Additional paid-in capital would be = 3,400 - ((32 - 1) * 50) = $1,850
Additional paid-in capital would therefore decrease when the shares are reacquired.
On January 1, 2016, Bennett Corporation had 20,000 shares of common shares outstanding. During the year, it sold another 2,600 shares on July 1 and reacquired 600 shares on November 1. The corporation earned $337,600 net income. The company also has 15,000 shares of $10 par value, 6%, cumulative preferred stock on which no dividends have been declared for the last two years. What is the basic earnings per share for the year
Answers
Answer:
bro i honestly have no clue I'm only in 6th grade and im tryna get points.
Explanation:
Operations Excellence (OE), Inc. has two production departments: Mixing and Packaging. Mixing DepartmentPackaging DepartmentWarehouseOE manufactures two products: Compound H and Compound L. Compound H is a high-end product that requires more expensive materials than Compound L and is produced at smaller volume. The two products go through the two production departments in essentially the same conversion processes. There is no work-in-process inventory for either product. OE uses an operation costing system that assigns materials cost to the specific product for which the underlying materials are used and assigns conversion costs to all products evenly as each product undergoes the same process in each production department. The production and cost data are available for July:Compound HCompound LTotal2,500 Units4,800 UnitsMaterials: Mixing$220,000$100,000$120,000 Packaging 75,900 37,500 38,400Total materials cost$295,900$137,500$158,400Conversion: Mixing$219,000 Packaging 131,400Total conversion cost$350,400Required: Determine the unit cost for Compound H and Compound L.
Answers
Answer:
Operations Excellence (OE)
The unit cost for Compound H and Compound L respectively is:
Compound H Compound L
Unit cost of production $103 $81
Explanation:
Production and cost data are available for July:
Total Compound H Compound L
Production units 7,300 2,500 4,800
Materials:
Mixing $220,000 $100,000 $120,000
Packaging 75,900 37,500 38,400
Total materials cost $295,900 $137,500 $158,400
Conversion:
Mixing $219,000
Packaging 131,400
Total conversion cost$350,400
Assigned conversion cost per unit = $48
Assignment of conversion costs: 120,000 230,400 (4,800 * $48)
Total production costs $646,300 $257,500 $388,800
Units produced 7,300 2,500 4,800
Unit cost $103 $81
Total quality management focuses on ______. Group of answer choices kaizen instant rework continuous inspection frequent inspection
Answers
Answer: Kaizen
Explanation:
Kaizen is simply a term in Japanese which means continuous improvement. The philosophy states that the operations of a company should be continually improved.
Total quality management focuses on Kaizen. It continually seeks for improvement in the company's operations while involving the workers in the company.
A company purchases 20,000 pounds of materials. The materials price variance is $4,000 favorable. What is the difference between the standard and actual price paid for the materials
Answers
Answer:
The actual price was $0.2 lower than the standard price.
Explanation:
Giving the following information:
A company purchases 20,000 pounds of materials. The materials price variance is $4,000 favorable.
To calculate the direct material price difference, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
4,000 = (direct material price difference)*20,000
$0.2= direct material price difference
The actual price was $0.2 lower than the standard price.
What can you say about the packaging of cell phones? Do you find them appealing? why or why not?
Answers
Christopher is a cash-method, calendar-year taxpayer, and he made the following cash payments related to his business this year. Calculate the after-tax cost of each payment assuming he has a 30 percent marginal tax rate.
a. $500 fine for speeding while traveling to a client meeting.
b. $900 of interest on a short-term loan incurred in September and repaid in November. Half of the loan proceeds were used immediately to pay salaries and the other half was invested in municipal bonds until November.
c. $600 for office supplies in May of this year. He used half of the supplies this year and he will use the remaining half by February of next year.
d. $450 for several pair of work boots. Christopher expects to use the boots about 80 percent of the time in his business and the remainder of the time for hiking. Consider the boots to be a form of clothing.
Answers
Solution :
It is given that Christopher is the cash method and a calendar year taxpayer. He also made the cash payments that is related to the business for this year.
We have to assume marginal tax rate = 30 %
Therefore, the after tax cost for the payments are :
a). $ 500 - not deductible as it was a penalty for the violation.
b). 765 - half of the interest is not deductible. i.e. 900 x (1 - (0.5 x 0.3))
c). 420 - fully deductible, i.e. 600 x (1 - 0.3)
d). 450 - not deductible
In 2010,Chesley Inc. acquired Corrigan Ltd. in a hostile takeover. However, the expected synergies never materialized. In 2013, Chesley decided to write-off $45 million of Goodwill on the financial statements to recognize that the Goodwill had become impaired.Which of the following items would be decreased by the impairment of Goodwill?
a- Total Assetsb- Net Incomec- Cash from Operating Activitiesd- Cash from Financing Activitiese- Cash from Investing Activities
Answers
Answer:
a- Total Assets
Explanation:
Impairment write downs are not cash related events but an accounting entry made to reduce the carrying amount when Carrying Amount of an Asset is found to be greater than the Recoverable Value of the Asset.
Carrying Amount of an Asset is Cost less Accumulated depreciation of an asset. While the Recoverable Value of the Asset is the higher of Fair Value and Value in use of an asset.
Therefore, only Total Assets decrease as a result of impairment of Goodwill.
Explain the potential issues that can arise by not keeping a balanced checkbook.
Answers
Answer:
Explanation:
You might not catch bank errors.
You might make an error in calculating your bank balance which could cause you to overdraft.
You might not see valid charges made by the bank.
You might forget to list automatic drafts from your checking account.
You might not catch errors you make such as double postings, etc.
you might not post automatic deposits to customer accounts, causing errors in your subsidiary ledgers.
you could double pay a bill by accident, also causing errors in subsidiary ledgers.
A set of servers, that your project needs, has a daily lease cost of $500 for the first 20 days and the lease cost is reduced to $200 daily for any days after the first 20 days. If the team decides to purchase this set of servers, the investment cost is $11,000 and a daily operational cost of $75. (a) After how many days will the purchase cost be same as the lease cost
Answers
Answer:
After 25 days of lease, the purchase cost will be the same as the lease cost.
Explanation:
a) Data and Calculations:
Initial investment (purchase) cost = $11,000
Lease cost = $10,000 ($500 * 20)
Difference in purchase and lease cost = $1,000 ($11,000 - $10,000)
Daily lease cost after the first 20 days = $200
Additional number of days for purchase cost to equal lease cost = $1,000/$200 = 5 days
b) One can infer from the above that it will benefit the company more to purchase the set of servers by making the initial investment of $11,000 than leasing the servers.
For 2020, Vaughn Manufacturing reports beginning of the year total assets of $904000, end of the year total assets of $1130000, net sales of $1050000, and net income of $199000. The rate of return on assets for Vaughn in 2020 is 15.6%. 22.0%. 17.6%. 19.6%.
Answers
During fiscal year 2012, Dioubate Cie earned $10,000 of interest revenue on an investment in a tax-free municipal bond. Which of the following items would be increased by the municipal bond revenue?
a. Pre-Tax Income
b. Income Tax Expense
c. Taxable Income
d. Income Tax Payable
e. Deferred Tax Liabilities
Answers
Answer:
a. Pre-Tax Income
Explanation:
Given that
The interest revenue earned is $10,000
So in the case when there is the municipal bond revenue so the pre tax income should be increased as there is an interest revenue so only this account should be increased
Therefore the correct option is a
Hence, the other options would be wrong
INVENTORY METHODS: Co. F has the following units of beginning inventory and purchases for the year: beginning inventory 100 units at $40 each, a 2/28 Purchase 200 units at $50 each and a 6/15 purchase of 200 units at $60 each and a 12/15 purchase of 100 units at $80 each. Using the FIFO method, if the ending inventory is 400 units, what is the cost of the ending inventory
Answers
Answer: Cost of closing inventory =$25,000
Explanation:
Using the FIFO which is the First In First Out method, The inventorY purchased first be sold first with the the ending inventory consisting of the most recent purchases.
Given nthta ending inventory is 400 units, we start fro the most recent purchase
12/15 purchase of 100 units at $80 each=$8,000
6/15 purchase of 200 units at $60 each=$12,000
we are left with 100 units so
2/28 Purchase 100 units at $50 each =$5000
Cost of closing inventory =$8,000+$12,000+$5000= $25,000
Therefore cost of 400 units using the FIFO Method is $25,000.
On January 1, 2016, Wade Corporation had 24,000 shares of common stock outstanding. On April 1, it reacquired 2,400 shares; on July 1, it issued 10,800 shares; on October 1, it issued another 9,600 shares; and on December 1, it reacquired 900 shares. What was the weighted average number of common shares outstanding for 2016
Answers
Answer: no clue bro.. im just tryna get points.. im only in 6th grade
Explanation:
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You currently have $20,000 in a bank account that pays you 5 percent interest annually. You plan to withdraw $800 (starting 1 year from now) every year for the next 10 years in the same account. How much are you going to have in that account at the end of 10 years?
Answers
Answer: $22,515.58
Explanation:
Based on the information given, the amount that'll be in the account at the end of the 10 years will be:
Present Value, PV = $20,000
Interest rate = 5% = 0.05
PMT = 800
nper = 10 years
Therefore, the future value will be solved in Excel by using the formula:
= FV(rate,nper,pmt,pv,type)
= FV(0.05,10,800,20000,0)
= $22,515.58
Therefore, the value in the account at the end of 10 years is $22,515.58
Dawson Electronic Services had revenues of $120,000 and expenses of $70,000 for the year. Its assets at the beginning of the year were $420,000. At the end of the year assets were worth $470,000. Calculate its return on assets.
Answers
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
Class: Finance - Money and Banking
Under what circumstances might you be willing to pay more than $1,000 for a coupon bond that matures in three years, has a coupon rate of 10 percent, and has a face value of $1,000?
Answers
Answer:
mmm?mmmm???m?mmmm?mmmmm
The private equity firm Clarence Partners is looking at a leveraged buyout
opportunity on the Longo Trattoria restaurant chain. Longo today (Year O) has a
capital structure of 75% equity, 25% debt. Its free cash flow last year (FCFO) was
$1 Million and it is expected to grow at constant rate of 8% per year. All its assets
are operating assets. Its WACC equals 14%. If Clarence invests in the deal (it
would acquire 100% of the company), it plans to exit at the end of Year 5, at
which point Longo's capital structure will be 90% equity and only 10% debt, and
its enterprise value (EV) will be estimated at 20 times its FCF in Year 5 (FCF5). All
interim cash flows will be used to pay down debt. Clarence has a minimum 35%
IRR hurdle rate.
1. What is Longo's value of equity today?
2. What will be Longo's value of equity at the end of Year 5?
3. How much equity should Clarence invest today if it is to meet exactly its
hurdle rate?
4. How much debt should Clarence contract, in addition to its equity
investment, in order to close the deal with Longo today?
Answers
Answer:
I dont know
Explanation:
Just want the points
Clay and Maryanna own a house together, which they decide to sell for $200,000. The two decide to split the proceeds according to the ratio of money that each invested in the property. Clay put in the most money at a ratio of 5:3. How much money should Maryanna get from the sale
Answers
Answer:
The answer is "[tex]\$75,000[/tex]"
Explanation:
Convert the ratio to several fractions first. Its first half of such a ratio is measured by multiplying two sides (Clays 5 + Maryanne's 3 pieces = 8 total parts) combined, to determine the numerator, and the very first part of the ratio is maintained as a numberer of the factions (5 parts, Clay contribution). Therefore Clay made a significant donation of [tex]\frac{ 5}{8}[/tex], which's also [tex]\frac{3}{8}[/tex] of Maryanna[tex](\frac{8}{8}-\frac{5}{8}=\frac{3}{8})[/tex] donated.
[tex]\to \$75,000 \times \frac{3}{8}\\\\\to \$200,000[/tex]
Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows: a. Purchase of investments b. Disposal of equipment c. Payment for selling expenses d. Collection of accounts receivable e. Cash sales f. Issuance of bonds payable
Answers
Answer:
a. Investing Activities
b. Investing Activities
c. Operating Activities
d. Operating Activities
e. Operating Activities
f. Financing Activities
Explanation:
Operating Activities includes activities in daily operation of the business as in buying and selling with customers and suppliers.
Investing Activities includes the purchase and sell of assets and investments.
Financing Activities includes the raising of capital and debt and repayments to holders.
Firm A and Firm B have debt-total asset ratios of 34 percent and 24 percent and returns on total assets of 10 percent and 15 percent, respectively. What is the return on equity for Firm A and Firm B
Answers
Answer:
3.4%
3.6%
Explanation:
Return on equity is an example of a profitability ratio.
Profitability ratios measure the ability of a firm to generate profits from its asset
return on the stockholders' equity = net income / total equity
ROE = return on asset x leverage
Firm A = 0.34 x 0.1 = 3.4%
Firm B = 0.24 X 0.15 = 3.6%
Under FINRA rules, if a member suspects that a senior citizen is being financially exploited: A a freeze can be placed on all disbursements from the account for up to 10 business days B a freeze can be placed for up to 10 business days on suspicious disbursements from the account, but not on other non-suspicious disbursements C a freeze can be placed on all disbursements from the account for up to 15 business days D a freeze can be placed for up to 15 business days on suspicious disbursements from the account, but not on other non-suspicious disbursements Review
Answers
Answer: D. a freeze can be placed for up to 15 business days on suspicious disbursements from the account, but not on other non-suspicious disbursements
Explanation:
Under FINRA rules, if a member suspects that a senior citizen is financially exploited, the following can occur:
• a freeze can for up to 15 business days can be placed on the suspicious disbursement.
• Another 10 days can be added in case if the review of a member is supported.
• The disbursements will be from the account, but not on the other non-suspicious disbursements.
Therefore, based on the above, the correct option is D.
The standard predetermined overhead rate used in setting the standard overhead cost is determined by dividing Group of answer choices budgeted overhead costs by an expected standard activity index. actual overhead costs by an expected standard activity index. budgeted overhead costs by actual activity. actual overhead costs by actual activity
Answers
Answer: budgeted overhead costs by an expected standard activity index.
Explanation:
It should be noted that the predetermined overhead rate is typically calculated at the beginning of an accounting period. It is gotten when the estimated manufacturing overhead is divided by estimated activity base.
The standard predetermined overhead rate used in setting the standard overhead cost is determined by dividing budgeted overhead costs by the expected standard activity index. Therefore, the correct option is A.
In chapter 7 bankruptcy , a debtor