Changes in the products for which a nation has a comparative advantage create sectoral shocks leading to an increase in frictional unemployment. a. True b. False

Answers

Answer 1

Answer: False

Explanation:

Frictional unemployment is a natural unemployment that results when people enter the labor force for the first time and when people move from one job to another. It is therefore not caused by sectoral shocks and every economy, even the best performing ones, will have frictional unemployment.

The unemployment that results from sectoral shocks is cyclical unemployment. This one is not natural and results from the business cycle and shocks to the economy.


Related Questions

Cavan Company prepared the following reconciliation between book income and taxable income for the current year ended December 31, year 1.
Pretax accounting income ...............................$1,000,000
Taxable income ...................................................(600,000)
Difference $ 400,000 Book-tax differences:
Interest on municipal income ...........................$ 100,000
Lower financial depreciation................................300,000
Total......................................................................$ 400,000
Cavan’s effective Federal and state income tax rate for year 1 is 30%. The depreciation difference will reverse equally over the next three years at enacted tax rates as follows.
Year Tax Rate Year 2 30% Year 3 25% Year 4 25%
In Cavan’s year 1 income statement, the deferred portion of its provision for income taxes should be: __________.
a. $120,000
b. $80,000
c. $100,000
d. $90,000

Answers

Answer:

b. $80,000

Explanation:

The computation of the deferred portion of its provision for income taxes should be given below:

= $300,000 ÷ 3  years

= $100,000

Now

= 30% of $100,000 + 25% of $100,000 + 25% of $100,000

= $30,000 + $25,000 + $25,000

= $80,000

Therefore the option b is correct

Why is keeping a journal about what is good and bad regarding your summer or part-time work a good idea to help you choose a career path

Answers

The correct answer to this open question is the following.

Keeping a journal about what is good and bad regarding my summer or part-time work is a good idea to help me choose a career path because writing down what I like and what I dislike, I can get a pretty close idea of the things I enjoy and have more skills to perform, compared to the things I do not like or I have no abilities at all.

If a clearly identify my skills and abilities in the workplace during the summer, it will be easier for me to identify what could be the profession I love or at least, what I am attracted to.

As it is difficult to remember all the work experience by memory, writing the journal will help me to remember exact dates, specific activities that I enjoyed or were interesting, and what was not.

While Amazon has become a very powerful e-commerce firm here in the US, Alibaba, the Chinese company is very powerful in many parts of the world. Go to Wikipedia and read about the different type of businesses that Alibaba operates. Then write a short outline of these businesses.

Answers

Answer:

Alibaba is a chinese company, one of the largest in the world by market capitalization.

While it mainly specializes in online retail (both business to consumer, and business to business), it is also involved in other business activities such as cloud computing, electronic payment, artificial intelligence services, and data science and analysis. In fact, Alibaba is considered not only one of the best retailers in the world, but also one of the best artificial intelligence and data-driven companies in the world.

This is science ฅ^•ﻌ•^ฅ

Answers

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Is the sun a star?

A. Yes

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sʀʀʏ ɪ ʀʟʟʏ sɪ ɪ ʜ ʀ ʀs

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✍︎ʜɴǫɴ

✍︎☮︎ʀʀʏɴʟʀɴɪɴɢ☮︎

Which capital budgeting technique is used on an exclusionary basis to prevent investing time and resources investigating using more complex techniques

Answers

Answer:

"Net Present Value" is the right approach.

Explanation:

A method used to determining or calculating the gaps between the current valuation of initial investment as well as the outputs of something like development or possible expenditure is termed as net present value.

The formula which is used to find the NPV is given below:

⇒ [tex]NPV=\frac{Cash \ flow}{(1+i)^t}-initial \ investment[/tex]

here,

i = Return requiredt = No. of periods

On April 1, Holton Company borrows $100,000 from West Bank by signing a 6-month, 6%, interest-bearing note.
Prepare the necessary entries below associated with the note payable on the books of Holton Company.
(a) Prepare the entry on April 1 when the note was issued.
(b) Prepare any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements. Assume no other interest accrual entries have been made.

Answers

Answer:

A. Dr Cash $100,000

Cr Notes Payable $100,000

B. Dr Interest expense $1,500

Cr Interest Payable $1,500

Explanation:

a Preparation of the entry on April 1 when the note was issued.

Dr Cash $100,000

Cr Notes Payable $100,000

(To record note issued)

B. Preparation of any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements

Dr Interest expense $1,500

Cr Interest Payable $1,500

($100,000 x .06 x 3/12)

Sardi Inc. is considering whether to continue to make a component or to buy it from an outside supplier. The company uses 17,000 of the components each year. The unit product cost of the component according to the company's cost accounting system is given as follows:
Direct materials $ 8.20
Direct labor 8.30
Variable manufacturing overhead 1.20
Fixed manufacturing overhead 4.30
Unit product cost $ 22.00
Assume that direct labor is a variable cost. Of the fixed manufacturing overhead, 70% is avoidable if the component were bought from the outside supplier. In addition, making the component uses 2 minutes on the machine that is the company's current constraint. If the component were bought, time would be freed up for use on another product that requires 4 minutes on this machine and that has a contribution margin of $7.00 per unit. When deciding whether to make or buy the component, what cost of making the component should be compared to the price of buying the component?
A) $20.71 per unit.
B) $22.00 per unit.
C) $25.50 per unit.
D) $24.21 per unit.

Answers

B.) $22.00 per unit you will be adding nd dividing

Wealth Company has the following transactions for the month of November: Purchased materials on account for $300,000 Materials requisitioned for $75,000 Direct labor for the month was incurred (but not yet paid) of $50,000. Actual overhead for the month was $30,000. It has not been paid yet. (Charge to various payables.) Overhead is applied to production at the rate of 50% of direct labor. Jobs totaling $50,000 were transferred from Work-in-Process to Finished Goods. Jobs costing $34,000 were sold. Balances at the beginning of the month were: Materials $34,240 Work-in-Process 0 Finished Goods $12,000 What is the ending balance of Finished Goods

Answers

Answer:

Wealth Company

The ending balance of Finished Goods is:

= $28,000

Explanation:

a) Data and Calculations:

Raw materials $300,000 Accounts Payable $300,000

Work in Process $75,000 Raw materials $75,000

Work in Process $50,000 Payroll Payable $50,000

Manufacturing overhead $30,000 Overhead Payable $30,000

Work in Process $25,000 Manufacturing Overhead $25,000

Finished Goods $50,000 Work-in-Process $50,000

Cost of goods sold $34,000 Finished Goods $34,000

Balances at the beginning of the month were:

Materials $34,240

Work-in-Process 0

Finished Goods $12,000

Finished Goods $12,000

Work in process 50,000

Cost of goods   (34,000)

Ending balance $28,000

_plan is a written document that details the necessary actions to achieve one or more marketing objectives. It can be for a product or service, brand, or a product line. It covers between one and five years

Answers

marketing plan is the answer

Typical cash outflows of a project include all of the following except: A. the original investment B. depreciation expense. C. additional inventory required D. repairs and maintenance expenses E. all of the above are typical cash outflows.

Answers

Answer:

B. depreciation expense

Explanation:

Project cash flow can be regarded as how cash flows into as well as out of an organization with respect to a particular potential or existing project. Project cash flow encompass costs for such a project as well as the revenue.

conventional cash flow as regards a project is been structured typically as an initial outflow, which is then followed by inflows numbers over a particular period of time.

Typical cash outflows of a project include the following ;

✓the original investment

✓additional inventory required

✓repairs and maintenance expenses

Rodgers Corporation agrees on January 1, 2019, to lease equipment from Packers, Inc. for 3 years. The lease calls for annual lease payments of $12,000 at the beginning of each year. The lease does not transfer ownership or contain a bargain purchase op- tion, and is not a specialized asset. In addition, the economic life of the equipment is 10 years, and the present value of the lease payments is less than 90% of the fair value of the equipment. Prepare Rodgers, journal entries on January 1, 2019 (commencement of the operating lease), and on December 31, 2019. Assume the implicit rate used by the lessor is 8%, and this is known to Rodgers. E21.17 003) Use the information for Rodgers Corporation and Packers, Inc. from BE21.16. Assume that for Packers, Inc., the lessor the collectibility of the lease payments is probable, and the fair value and cost of the equipment is $60,000. Prepare Packers' 2019 journal entries, assuming the company uses straight-line depreciation and no residual value.

Answers

Answer:

Rodgers Corporation and Packers, Inc.

Journal Entries:

1. Rodgers Corporation:

January 1, 2019:

Debit Right of Use Assets $33,400

Credit Lease Liability $33,400

To record the right of use asset and lease liability with the PV.

Debit Lease Liability $12,000

Credit Cash $12,000

To record the first payment of the lease liability on January 1, 2019

December 31, 2019:

Debit Amortization Expense $10,288

Debit Interest Expense $1,712

Credit Right of Use Assets $12,000

To record the annual amortization of the right of use assets.

Packers, Inc.

January 1, 2019:  

Debit Cash $12,000

Credit Unearned Lease Revenue $12,000

To record unearned lease revenue.

December 31, 2019:

Debit Unearned Lease Revenue $12,000

Credit Lease Revenue $12,000

To record the earned lease revenue.

Debit Depreciation Expense $6,000

Credit Accumulated Depreciation- Leased Equipment $6,000

To record depreciation expense for the year.

Explanation:

a) Data and Calculations:

January 1, 2019

Annual lease payment at the beginning of each year = $12,000

The Present Value of annual lease payments = $33,400.

Implicit rate = 8%

To determine the PV of the lease payments:

N (# of periods)  3

I/Y (Interest per year)  8

PMT (Periodic Payment)  12000

FV (Future Value)  0

 

Results

PV = $33,399.18

Sum of all periodic payments $36,000.00

Total Interest $2,600.82

Schedule of Payments

Period       PV               PMT                Interest             FV

1          $33,400        $12,000.00        $1,712        $23,112

2          $23,112        $12,000.00          $889       $12,000

3         $12,000        $12,000.00         $0.00          $0.00

Analysis:

January 1, 2019:

Right of Use Assets $33,400 Lease Liability $33,400

Lease Liability $12,000 Cash $12,000

December 31, 2019:

Amortization Expense $10,288 Interest Expense $1,712 Right of Use Assets $12,000

Packers, Inc.

January 1, 2019:  

Cash $12,000

Unearned Lease Revenue $12,000

December 31, 2019:

Unearned Lease Revenue $12,000

Lease Revenue $12,000

Depreciation Expense $6,000 ($60,000 ÷ 10)

Accumulated Depreciation- Leased Equipment $6,000

If 2,500 units are produced, the total amount of indirect manufacturing cost incurred is closest to:

Answers

Answer: $14,550

Explanation:

Within a certain activity range, the fixed cost remains the same so in this activity range of $2,200 to $5,000, the fixed overhead cost will remain the same:

= 3 * 3,600 units

= $10,800

Variable overhead costs will vary by units:

= 2,500 * 1.50

= $3,750

Total cost = 10,800 + 3,750

= $14,550

Design a plan that can be implemented in your life to become a higher level professional​

Answers

Answer:

become a rapper

Explanation:

A firm is evaluating the performance of two managers running a summer training program. One manager is in a large division with over 100 trainees, while the other is in a small division with only 15 trainees. What is one principle the firm should use in its evaluation

Answers

Answer:

Principle of equitable assessment

Explanation:

In simple words, the principle of equitable assessment refers to the concept which states that while comparing two subjects, the evaluation will be in such a way that the assessment will be fair to both the topics.

Hence, it should be made in such a way or should be made on those dimensions which consdier the differences between the two population.

julie has just retired. Her company’s retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $127,000 immediately as her full retirement benefit. Under the second option, she would receive $14,000 each year for 10 years plus a lump-sum payment of $53,000 at the end of the 10-year period. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. Required: 1-a. Calculate the present value for the following assuming that the money can be invested at 11%. 1-b. If she can invest money at 11%, which option would you recommend that she accept

Answers

Answer:

a. i. Present value of first option = $127,000

ii. Present value of second option:

= Present value of $14,000 annuity + Present value of $53,000 lump sum.

Present value of annuity:

= Annuity * Present value interest factor of annuity, 11%, 10 years

= 14,000 * 5.8892

= $82,448.80

Present value of lump sum:

= 53,000 / ( 1 + 11%)¹⁰

= $18,665.77

Present value of second option = 82,448.80 + 18,665.77

= $101,114.57

b. She should take the first option. It has a larger present value.

Consider the following information for Evenflow Power Co.,
Debt: 5,500 5.5 percent coupon bonds outstanding, $1,000 par value, 19 years to maturity, selling for 104 percent of par; the bonds make semiannual payments.
Common stock: 137,500 shares outstanding, selling for $56 per share; the beta is 1.08.
Preferred stock: 18,500 shares of 5 percent preferred stock outstanding, currently selling for $106 per share.
Market: 7.5 percent market risk premium and 4 percent risk-free rate.
Assume the company's tax rate is 31 percent.
Required:Find the WACC.

Answers

Answer:

8.02 %

Explanation:

Weighted Average Cost of Capital (WACC) is the the cost required by holders of permanent source of capital pooled together.

WACC = Cost of Equity x Weight of Equity + Cost of Preferred Stock x Weight of  Preferred Stock + Cost of Debt x Weight of Debt

where,

Cost of Equity (CAPM) = 4 % + 1.08 x 7.5 %

                                     = 12.10 %

Cost of Preferred Stock = 5%

Cost of Debt :

PMT = ($1,000 x 5.5%) ÷ 2 = $27.50

N = 19 x 2 = 38

PV = $1,000 x 104 % = - $1,040

P/YR = 2

FV = $1,000

I/YR = ??

Using a Financial calculator the YTM (which is the cost of debt) is 5.17 %

But,

We use after tax cost of debt.

After tax cost of debt = 5.17 % x (1 - 0.31) = 3.57%

also

Total Market Value = $5,720,000 + $7,700,000 + $1,961,000 = $15,381,000

Weight of Equity  = 0.50

Weight of  Preferred Stock = 0.13

Weight of Debt = 0.37

therefore,

WACC = 12.10 % x 0.50 + 5% x 0.13 + 3.57% x 0.37

           = 8.02 %

Backus Inc. makes and sells many consumer products. The firm’s average contribution margin ratio is 26%. Management is considering adding a new product that will require an additional $12,000 per month of fixed expenses and will have variable expenses of $9 per unit.Required:a. Calculate the selling price that will be required for the new product if it is to have a contribution margin ratio equal to 25%. (Round your answer to 2 decimal places.)b. Calculate the number of units of the new product that would have to be sold if the new product is to increase the firm's monthly operating income by $7,500. (Do not round intermediate calculations.)

Answers

Answer and Explanation:

a. The computation of the selling price is given below:

= $9 ÷ (1 - 0.25)

= $12 per unit

b. The number of units that should be sold in the case when the operating income is increased by $7,500

= ($12,000 + $7,500) ÷ ($12 - $9)

= 6,500 units

Hence, the same should be considered and relevant

Under what circumstance would agency conflict be most likely to increase? When owners are very close to the business. When owners are separated from the business. When oversight by the board is adequate. When the incentives of a manager align with those of owners.

Answers

Answer:

When owners are separated from the business

Explanation:

Agency conflict arises when ownership is separated from management and management have to take decision to maximize wealth of owner instead of themselves.

Hence when owners are separated from the business is the correct answer.

The following data are available for product no. CK74, manufactured and sold by Ruby Corporation:
Maximum capacity with present facilities 11,000 units
Total fixed cost (per period) $ 851,400
Variable cost per unit $ 120.00
Sales price per unit $ 186.00
Required:
The number of units of CK74 that Ruby must sell to break- even is:________.
a. 12,900.
b. 4,577.
c. 7,095.
d. 6,050.

Answers

Answer:

Break-even point in units= 12,900

Explanation:

Giving the following information:

Total fixed cost (per period) $ 851,400

Variable cost per unit $ 120.00

Sales price per unit $ 186.00

To calculate the break-even point, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 851,400 / (186 - 120)

Break-even point in units= 12,900

Answer: 12900

Explanation:

From the information given, we'll first calculate the contribution per unit which will be:

= Selling price per unit - variable cost per unit

= $186 - $120

= $ 66

Then, the break even sales in units will be: = Fixed cost/Contribution per unit

= 851,400 / 66

= 12,900

Therefore, the breakeven is 12900

The Bronco Corporation exchanged land for equipment. The land had a book value of $131,000 and a fair value of $172,000. Bronco received $21,000 from the owner of the equipment to complete the exchange which has commercial substance. Required: 1. What is the fair value of the equipment

Answers

Answer: $151,000

Explanation:

The fair value of the equipment is the amount that was less than the fair value of land by the amount of cash that the equipment owner had to pay to complete the transaction:

Fair value of equipment = Fair value of land - Cash paid by owner of equipment

= 172,000 - 21,000

= $151,000

Gary is walking through his organization's buying process and has identified some additional steps that are needed in a B2B transaction. What would be included in those additional steps

Answers

Answer: order-routine specification

problem recognition

Explanation:

Business-to-business transactions occur when a business makes a transaction with another business. It should be noted that this takes place when the business is sourcing materials which will be used for their production process.

Since Gary is walking through his organization's buying process and has identified some additional steps that are needed in a B2B transaction, the additional steps should include the order-routine specification and the problem recognition.

Melvin begins his retirement fund at age 30, depositing $1,000 per month until age 50. Cindy begins her retirement fund at age 20, depositing the same $1,000 per month amount until age 50. Both Melvin and Cindy earn 5 percent annual interest on their funds, and there are no tax considerations in this problem. Based on the provided information :____________
a) and assuming they retire at age 50, Cindy will have less than 50 percent more than Melvin
b) and assuming they retire at age 50. Cindy will have exactly 50 percent more than Melvin.
c) and assuming they both retire at age 60. Cindy will have less than Melvin.
d) the difference between the two will get larger with higher inflation
e) and assuming they retire at age 50. Cindy will have over 50 percent more than Melvin.

Answers

Answer: D. and assuming they retire at age 50, Cindy will have over 50% more than Melvin

Explanation:

Since Melvin begins his retirement fund at age 30, depositing $1,000 per month until age 50 while Cindy begins her retirement fund at age 20, depositing the same $1,000 per month amount until age 50 with a 5% annual interest on their funds, then we can deduce that if they retire at age 50, Cindy will have over 50% more than Melvin.

Therefore, the correct option is D.

Suppose advances in computer technology lead to a surge in worker productivity. In the long run, output will ________ and the price level will ________.

Answers

Answer:

increase; decrease.

Explanation:

Technology can be defined as a branch of knowledge which typically involves the process of applying, creating and managing practical or scientific knowledge to solve problems and improve human life. Technologies are applied to many fields in the world such as medicine, information technology, cybersecurity, engineering, environmental etc.

Generally, technology has impacted the world significantly and positively as it has helped to automate processes, increased efficiency and level of output with little or no human effort.

Assuming advances in computer technology led to a surge in the level of productivity by the workers working in a company. In the long run, output will increase and the price level will decrease.

The management of Neptune Inc. creates a definite plan of action that will surely create profits for the company. It allocates and sectionalizes its machinery and personnel. The main office is moved to a prime location that helps attract customers and facilitates competitive development. This plan of action helps Neptune Inc. retain its competitive advantage and has also grow as a company.
Which of the following terms does this scenario best illustrate?
a. Strategic tools
b. Functional strategy
c. Business unit strategy
d. Strategic management process

Answers

Answer:

d. Strategic management process

Explanation:

Strategic management process is the continuous improvement process and appraisals aimed at making a business more effective than its competitors.

It covers planning activities towards achievement of an organisations' present and future objectives.

This is exemplified by Neptune Inc. when it allocated and sectionalized its machinery and personnel, the main office was moved to a prime location that helps attract customers and facilitates competitive development.

NetonBe makes sweaters, which traditionally involved the following steps: dyeing (i.e., into six different colors), knitting of the dyed fabric into three sizes each (small, medium, and large) and then distributing to the stores. As such, there were 18 different sweater color & size combinations in the end, each with a demand that is normally distributed with a mean of 1,000 and a standard deviation of 100. NetonBe has just developed a new system that allows them to knit a generic color sweater first, and then dyeing this generic sweater. As such, they only need to hold safety inventory for the three sizes, each with an average demand of 6,000. What would be the standard deviation in demand for each of these three generic sweaters?
a) Approximately 600
b) Approximately 300
c) Approximately 245
d) Approximately 60

Answers

Answer:

NetonBe

The standard deviation in demand for each of these three generic sweaters is:

a) Approximately 600

Explanation:

a) Data and Calculations:

Different sweater color & size combinations in the end = 18

Normally distributed demand mean of size = 1,000

Total demand of sizes = 18,000

Standard deviation of each size = 100

Standard deviation = 10% of mean (100/1,000 * 100)

Standard deviation for the total sizes = 1,800 (18,000 * 10%)

Average demand of new three sizes = 6,000

Total demand for the three new sizes = 18,000 (6,000 * 3)

Therefore, the standard deviation in demand for each of these three generic sweaters will be = 600 (6,000 * 10%)

Boats and Bait has 78,000 shares outstanding that sell for a price of $74 per share. The stock has a par value of $2 per share. The company's balance sheet shows capital surplus of $185,000 and retained earnings of $225,000. If the company declares a stock dividend of 17.5 percent, what is the new common stock value on the balance sheet?

Answers

Answer:

$183,300

Explanation:

The computation is shown below:

Value of common stock value on the balance sheet prior to the stock dividend is

= No of stock outstanding ×  Face value per share

= 78,000 × $2

= $156,000

Now  

New shares to be issued is

= 78,000 ×  0.175

= 13,650 shares

So,  

Total shares outstanding after stock issue is

= 78,000 + 13,650

= 91,650 shares

Now the value of common stock after stock dividend is

= 91,650  × $2

= $183,300

What is Brad doing when he starts dialoguing with his colleagues about their opinions related to tobacco use at the hospital

Answers

Answer: Using collective strategies

Explanation:

Collective strategies has to do with the organizing of people in order to be able to change health damaging environment and this is done through several strategies such as the provision of educational forums, building coalitions, lobbying for legislative changes etc.

Therefore, Brad dialogue with his colleagues about their opinions related to tobacco use at the hospital is the use of collective strategies.

Required: Mr. Jones, eager to please the board of directors, requests you, as the newly appointed management accountant, to prepare appropriate statements highlighting the following: a) The standard production cost per Wallop (3) b) A detailed reconciliation statement of the standard gross profit with the actual gross profit for the month of May. The reconciliation statement should show all possible variances in as much detail as possible. Note: Where applicable, clearly label your answer as favourable (F), or unfavourable (U). Failure to do so will cause you to forfeit

Answers

Answer:

I don't understand what you wrote

Explanation:

please reply sir

MC Qu. 98 At the beginning of the recent... At the beginning of the recent period, there were 1,470 units of product in a department, 35% completed. These units were finished and an additional 6,900 units were started and completed during the period. 1,560 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were:

Answers

Answer:

Using the weighted average method, the equivalent units produced by the department were:

= 8,760 units.

Explanation:

a) Data and Calculations:

                                         Units    Conversion  

 Ending inventory             1,560

Units completed             8,370

Units available                9,930

Beginning inventory        1,470         35%

Additional units started 8,460

Equivalent units of production:

Units completed            8,370         8,370 (100%)

Ending inventory           1,560            390 (25%)

Equivalent units of production       8,760

1) Please give an example of a market that comes close to being considered perfectly competitive.2) What does it mean when firms in a perfectly competitive market earn $0 in economic profits?

Answers

Answer:

the agricultural market e.g market for oranges

2. A firm earns zero economic profit when accounting profit equals implicit cost.

it means that they only earn accounting profit

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

In an agricultural market e.g. market for oranges, the goods are identical and the prices are the same.

A firm earns economic profit when accounting profit equals implicit cost. So, it only earns accounting profit

Other Questions
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