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2 years ago

Satchel loses his job and immediately begins looking for another. Other things the same, the unemployment rate

Business

1 answer:

erica [24]2 years ago

4 0

Answer:

C. increases and the labour force participation rate is unaffected.

Explanation:

Unemployment refers to the number of people who are willing, able and are actively seeking work but haven’t found any. The labour force participation rate consists of the total number of people in an economy who are employed or are seeking for work. Although Satchel lost his job, he did not retire nor did he get demotivated and give up on working in the future, instead he is still looking for a job which suggests that he is currently unemployed. This increases the unemployment rate until he is able to find another job. At the same time, the labour force participation rate consists of both the employed and the unemployed. Previously, Satchel was part of the employed in the labour force and is now still in the labour force but as unemployed. Although his title has changed, the labour force participation rate remains unchanged.

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A graphics reproduction firm has four units of equipment that are automatic but occasionally become inoperative because of the n

elena55 [62]

Answer:

(a) Average number of unit in line = 0.256

(b) Average number of unit in operation= 3.209

Explanation:

Given Data:

Number of machine N = 4

Number of attendant (S) = 1

Service time (T)= 5 mins

Time required by the machine before servicing = 30 mins

Calculating the service factor (X) using the formula;

X = T/(T+U)

= 5/(5+30)

= 5/35

= 0.1429

(a) Calculating the average number of unit in line (L) using the formula;

L = N* (1-F)

where, N = Number of unit

F = efficiency factor

L = average number of unit in line

Using the finite queuing table at X = 0.1429 and S = 1,

Efficiency factor = 0.936

Substituting, we have;

L = 4*(1-0.936)

= 4* 0.064

= 0.256

H = N*F*X

= 4 *0.936*0.1429

= 0.535

(b) Calculating the average number of unit in operation using the formula;

Average number of unit in operation= Number of unit-down unit

But down unit = L+H

The formula becomes;

Average number of unit in operation= Number of unit-(L+H)

= 4 - (0.256+0.535)

= 4-0.791

= 3.209

6 0

2 years ago

XYZ firm, the leading producer of leather goods in its country is planning to expand its business. Industry experts identify As

maks197457 [2]

Answer:

The answer is: B.) XYZ's product is a close substitute for the locally available goods.

Explanation:

A substitute product can be defined as a good a consumer perceives as similar or comparable to another good (e.g. cow and chicken meat). Generally speaking, when the price of one of these goods increases, the demand for its substitute good increases.

In this case, Darren believes that since XYZ´s product is cheaper it should sell better than its competition (close substitute goods).

7 0

2 years ago

Smithson Company uses a job-order costing system and has two manufacturing departments— Molding and Fabrication. The company pro

vazorg [7]

Answer:

Instructions are below.

Explanation:

a) First, we need to calculate the total estimated overhead:

Total overhead= 1,100,000 + (5*50,000)= 1,350,000

Now, we can determine the overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,350,000/50,000

Predetermined manufacturing overhead rate= $27 per machine hour

b)

Job D-75:

Total cost= direct material + direct labor + allocated overhead

Total cost= 700,000 + 360,000 + 27*20,000

Total cost= $1,600,000

Job C-200:

Total cost= 550,000 + 400,000 + 27*30,000

Total cost= $1,760,000

c) Selling price= 150% of manufacturing costs

Job D-75= 1,600,000*1.5= $2,400,000

Job C-200= 1,760,000*1.5= $2,640,000

d) COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 0 + (1,600,000 + 1,760,000) - 0

COGS= $3,360,000

2)

a)

Molding= (800,000/20,000) + 5= $45 per machine hour

Assembly= (300,000/30,000) + 5= $15 per machine hour

b)

Job D-75:

Total cost= 700,000 + 360,000 + 45*20,000

Total cost= $$1,960,000

Job C-200:

Total cost= 550,000 + 400,000 + 15*30,000

Total cost= $1,400,000

c)

Job D-75= 1,960,000*1.5= $2,940,000

Job C-200= 1,400,000*1.5= $2,100,000

d) COGS= 0 + (1,960,000 + 1,400,000) + 0

COGS= $3,360,000

4 0

2 years ago

Internal control benefits the organization in all of the following ways except: a. Allows for more informed decisions by interna

anygoal [31]

Answer:

Increases the number of surprises faced by the market concerning the company's stock.

7 0

2 years ago

Global Communications has a 7 percent, semiannual coupon bond outstanding with a current market price of $1,023.46. The bond has

Alex787 [66]

Answer:

Years to Maturity = 12.53

Explanation:

Coupon Rate = 7.00%

Coupon Periods = 2

Perpetuity Value = 1,041.67

Price = 1,023.46

Discounted Perpetuity Value = 455.17

Yield to Maturity = 6.72%

Annuity Value = 586.49

Discounted Face Value = 436.97

Semiannual Coupon = 35.00

Price 1,023.46

Periods to Maturity = 25.05

Semiannual Yield = 3.36%

Years to Maturity = 12.53

3 0

2 years ago