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1 year ago

Which of the following occupations would most likely be

Business

1 answer:

Rudik [331]1 year ago

3 0

Answer:

Farm worker

Explanation:

Seasonal unemployment occurs due to a decrease in labor demand at particular times of the year. Some industries experience increased activities during specific seasons. Hotels and restaurants may experience a boom in holiday seasons, while Ski business may be closed during summer.

The farming business is seasonal. During winter, nothing much happens. Workers in this period are likely to be unemployed.

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Merck & Company reported the following from its 2016 financial statements. $ millions 2013 2014 2015 2016 Accounts receivabl

kherson [118]

Answer:

a. Compute accounts receivable gross for each year.

2013 $7,330
2014 $6,779
2015 $6,649
2016 $7,213

b. Determine the percentage of allowance to gross account receivables for each year.

2013 1.99%
2014 2.26%
2015 2.48%
2016 2.70%

c. 2013 2014 2015 2016

adjusted allowance for $173 $160 $157 $170

doubtful accounts

Balance sheet adjustments:

allowance for doubtful accounts $27 $7 -$8 -$25

accounts receivable net $7,157 $6,633 $6,476 $6,993

deferred tax liability -$9.45 -$2.45 $2.8 $8.75

retained earnings $9.45 $2.45 -$2.8 -$8.75

Income statement adjustments:

bad debt expense $27 $7 -$8 -$25

income tax expense -$9.45 -$2.45 $2.8 $8.75

net income $9.45 $2.45 -$2.8 -$8.75

Explanation:

2013 2014 2015 2016

Accounts receivable, net $7,184 $6,626 $6,484 $7,018

Allowance for doubtful accounts $146 $153 $165 $195

four year average of allowance for doubtful accounts = (1.99 + 2.26 + 2.48 + 2.7) / 4 = 2.36%

8 0

2 years ago

TLC Credit, Inc. has $35.0 million in consumer loans with an average interest rate of 12.0%. The bank also has $30.0 million in

MissTica

Answer:

$460,000 decrease

Explanation:

The computation of TLC's estimated change in revenues next year is shown below:-

TLC's estimated change in revenues next year = ((Consumer loan × Interest rate) + (Home equity loan × Interest rate) + (Corporate securities × Interest rate)) - ((Increased consumer loan × Decrease rate) + (Increase equity loan × Interest rate) + (Corporate securities × (1 - decreased percentage) × average interest rate))

= (($35.0 million × 0.12) + ($30.0 million × 0.O8) + ($5.0 million × 0.06)) - (($40.0 million × 0.10) +($32.0 million × 0.065) + (5 million × (1 - 20%) × 0.09))

=$6,900,000 - $6,440,000

= $460,000 decrease

Therefore for computing the TLC's estimated change in revenues next year we simply applied the above formula.

6 0

2 years ago

When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consum

Masteriza [31]

When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers.Businesses face Higher cost because the must alter existing infrastructure to<span> meet regulations. As a result, consumers pay more for the same produced goods.

Hope this helps!</span>

6 0

2 years ago

Oriole Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cos

Fynjy0 [20]

Answer:

$1.2 per mile

Explanation:

Computation of the variable cost per mile using the high-low method

Using this formula

Variable cost per mile = (Highest activity cost - Lowest activity cost)/(Highest activity - Lowest activity)

Let plug in the

Variable cost per mile= (14,721 - 13,503)/(8,510 - 7,495)

Variable cost per mile= 1,218/1,015

Variable cost per mile=$1.2 per mile

Therefore the Variable cost per mile will be $1.2 per mile.

6 0

2 years ago

Given the following information, determine the activity rate for setups. Activity Total Activity-Base Usage Budgeted Activity Co

Oksanka [162]

Answer:

Activity Rate for Setup = $18

Explanation:

Given

Activity Total Activity-Base Usage Budgeted Activity Cost

Setups 10,000 $180,000

Inspections 24,000 $120,000

Assembly (dlh) 80,000 $400,000

Activity Rate is calculated by: Budget Activity Cost/Activity Base Usage

Where Activity Base (for Setup) = 10,000

Budget Activity Cost = $180,000

So, Activity Rate for Setup = $180,000/10,000

Activity Rate for Setup = $18

Hence, the calculated activity Rate for setups is $18

6 0

2 years ago

Read 2 more answers