Questions
QUESTION 6 Unemployed people don't work, but having idle workers

QUESTION 6

  1. Unemployed people don't work, but having idle workers



    facilitates matching workers's skills to the tasks to be performed on jobs



    encourages worker exploitation



    is a sure sign of demand deficiency



    is a symptom of technology replacing workers


QUESTION 7

  1. With general training and employment at will, wages ________ at a ________ rate over a worker's career.



    increase; increasing



    increase; decreasing



    decrease; increasing



    decrease; decreasing


QUESTION 8

  1. Under an unemployment insurance system that uses no experience rating, the cost to a firm in increased unemployment insurance taxes of laying off a worker would a. equal zero.



    equal zero (0)



    equal the unemployment insurance benefits paid to the worker.



    equal approximately 50 percent of the benefits paid to the worker.



    equal approximately 50 percent of the worker’s previous earnings.


QUESTION 9

  1. Recent estimates suggest that every 1 percentage point decrease in the unemployment rate raises national output by



    2 percentage points.



    3 percentage points.



    5 percentage points.



    10 percentage points.


QUESTION 10

  1. Which of the following is a reason that the unemployment rate may overstate the degree of economic hardship?



    The employment rate can be rising at the same time the unemployment rate is rising.



    The number of people classified as unemployed includes those not actively seeking work.



    Job seekers may become discouraged and drop out of the labor force.



    None of these


QUESTION 11

  1. In practice, jobs are not exactly alike and can be located in very different places. When this happens, a compensating wage differential can be expected to arise to attract workers to the jobs with less desirable characteristics. Such a differential is in equilibrium when



    all the workers are employed for the higher wage firm.



    all the workers who are indifferent about the adverse conditions are employed at the firm offering the most adverse conditions.



    each firm can obtain the quality and quantity of workers that it wants.



    the wage rises enough so that the firm with the worst working conditions has an incentive to improve its conditions.

In: Economics

Golden Corporation declared and paid $3,900 of cash dividends during the current year ended December 31....

Golden Corporation declared and paid $3,900 of cash dividends during the current year ended December 31. Its financial statements also reported the following summarized data:

Required:

  1. 1. Complete the horizontal analyses for each item in Golden Corporation’s comparative financial statements. TIP: Calculate the increase (decrease) by subtracting the previous year from the current year. Calculate the percentage by dividing the amount of increase (decrease) by the previous year balance.
  2. 2-a. Use the horizontal (trend) analyses to identify the accounts where a large percentage change is accompanied by a small dollar change.
  3. 2-b. Use the horizontal (trend) analyses to identify the accounts where a directional change in one account balance is inconsistent with the directional change in a related account balance.

Complete the horizontal analyses for each item in Golden Corporation’s comparative financial statements. TIP: Calculate the increase (decrease) by subtracting the previous year from the current year. Calculate the percentage by dividing the amount of increase (decrease) by the previous year balance. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.)
GOLDEN CORPORATION
Horizontal Analysis
Increase (Decrease) in Current (versus Previous)
Current Previous Amount Percentage
Income Statement
Sales revenue $189,000 $171,300 %
Cost of goods sold 114,500 103,600
Gross profit 74,500 67,700
Operating expenses 55,100 51,300
Interest expense 3,600 3,410
Income before income taxes 15,800 12,990
Income tax expense 5,350 3,900
Net income $10,450 $9,090 %
Balance Sheet
Cash $2,650 $7,100 %
Accounts receivable (net) 19,900 22,100
Inventory 40,900 35,900
Property and equipment (net) 46,800 42,500
$110,250 $107,600 %
Current liabilities $16,900 $20,800 %
Note payable (long-term) 36,000 36,000
Common stock (par $5) 39,000 39,000
Additional paid-in capital 5,900 5,900
Retained earnings 12,450 5,900
$110,250 $107,600 %

*This is all the info I am given for this question

In: Accounting

1. x2/3 + 3x1/3 and y = 10. What are the values of X? A) -2,...

1. x2/3 + 3x1/3 and y = 10. What are the values of X?

A) -2, 5

B) -5, 2

C) -125, 8

D) -8, 125

E) None of the above

2. When a number is decreased by 20% of itself, the result is 144. What is the number?

  

  36

  72

  180

  900

3. A car rental agency charges $175 per week plus $0.20 per mile to rent a car. How many miles can you travel in one week for $295? ?

  234 miles

  575 miles

  600 miles

  1295 miles

?

1755 miles ?

4. The length of a rectangular room is 6 feet longer than twice the width. If the room's perimeter is 156 feet, what are the room's dimensions? ?

Width = 24 ft; length = 54 ft

Width = 29 ft; length = 64 ft

Width = 36 ft; length = 42 ft

Width = 48 ft; length = 108 ft

Width = 52 ft; length = 48 ft

5. Find the result of

-19

6-25i

6 + 5i

31

None of the above

6. Fine the answer for | 2(x+1) + 4 | =10

  {-6, 0}

  {-6, 4}

  {-6, 8}

  {-8, 0}

  {-8, 2}

7. A landscaping company sells 40-pound bags of top soil. The actual weight x of a bag, however, may differ from the advertised weight by as much as 0.75 pound. Write an inequality involving absolute value that expresses the relationship between the actual weight x of a bag and 40 pounds. Solve the inequality, and express the answer in interval form. ?

|40 - x|? 0.75; [39.25, 40.75]

|40 + x| ? 0.75; [39.25, 40.75]

|x + 0.75| ? 40; [39.25, ?)

|x|- 40 ? 0.75 ; (-?, 40.75]

None of the above

8. Write an equation that passes through (1, -6) with x-intercept = -1.

  y + 6 = - 3(x - 1) or y = - 3(x - 1)

y + 6 = - 3(x - 1) or y = - 3(x + 1)?

  y - 6 = - 3(x + 1) or y = - 3(x + 1)

  y - 6 = - 3(x - 1) or y = - 3(x - 1)

  y - 1 = - 3x or y - 6 = - 3(x + 1)

9. Suppose a life insurance policy costs $20 for the first unit of coverage and then $5 for each additional unit of coverage. Let C(x) be the cost of insurance of x units of coverage. What will 10 units of coverage cost?

  

  $45

  $55

  $65

  $75

10. An investment is worth $2282 in 2006. By 2010 it has grown to $2986. Let y be the value of the investment in year x, where x =0 represents 2006. Write a linear equation that models the value of the investment in the year x.

  

  

  

  

  

11. What is the equation for the line that passes through (4, 3) and perpendicular to the line whose equation is y = 8x + 7.

(x – 3)

(x + 3)

(x – 4)

y (x + 4)

12.   The linear function f(x) = -9.8x + 24 models the percentage of people, f(x), who eats at fast food restaurants each week x years after 2009. What is the slope and what does it mean?

m = 9.8; the percentage of people eating at fast food restaurants each week has decreased at a rate of 9.8% per year after 2009.

m = -9.8; the percentage of people eating at fast food restaurants each week has increased at a rate of -9.8% per year after 2009.

m = 24; the percentage of people eating at fast food restaurants each week has increased at a rate of 24% per year after 2009.

m = 24; the percentage of people eating at fast food restaurants each week has decreased at a rate of 24% per year after 2009.

m = -9.8; the percentage of people eating at fast food restaurants each week has decreased at a rate of -9.8% per year after 2009.

13. The function f(t) = models the U.S population in

millions, ages 65 and older, where t represents year after 1990. The function g(t) = models the total yearly cost of Medicare in billions of dollars, where t represents years after 1990. What does the function represents. Find

Cost per person in thousands of dollars. $0.16 thousand

Cost per person in thousands of dollars. $0.03 thousand

Cost per person in thousands of dollars. $8.64 thousand

Cost per person in thousands of dollars. $34.67 thousand

Cost per person in thousands of dollars. $30.8 thousand

14.   Find the inverse function of f(x) =

   

  

  

  

  

15.   Find the center and the radius of the circle

  (4, -3), r = 8

  (-3, 4), r = 8

  (-4, 3), r = 64

  (-3, -4), r = 64

  (-4, -3), r = 64

In: Math

The Cost of Sales (or Cost of Goods Sold) is usually considered the most important cost...

The Cost of Sales (or Cost of Goods Sold) is usually considered the most important cost in hospitality businesses. How is it determined? Please select the most appropriate answer.
1. It is calculated by adding up all purchases of inventory during one accounting period.
2. It is the amount of inventory on hand. It is calculated by adding the value of every item of inventory available on hand.
3. It is calculated by adding all purchase amounts to the beginning inventory amount; and by subtracting the ending inventory amount.
4. It is calculated by multiplying the management's target percentage (%) of the revenues to the amount of revenues generated.

How can we determine whether the payroll expense has truly grown in this year compared with that of the last year?
1. Compare the amount of the payroll expense of each year. If this year's amount is larger, it has grown by the amount of the difference.
2. Compare the amount of each year's payroll expense with the budget. If the actual expense amount is larger than the budget, it has grown.
3. Calculate the percentage (%) of the payroll expense of the revenues of the year. If this year's payroll expense percentage is larger than that of the last year, this year's payroll has grown.
4. Calculate the percentage (%) of this year's payroll expense of the last year's payroll expense. If this year's payroll expense % is larger than 100%, it has grown.


One company's Balance Sheet shows a huge increase in its Accounts Receivable (A/R) amount compared with the previous year. Which analysis of the following would you agree most?
1. The increase of A/R indicates the huge growth of revenues during the current year. This is considered a positive sign.
2. The increase of A/R indicates that the company has collected a large amount of cash from its uncollected revenues. It must have increased its cash flows.
3. The increase of A/R indicates that the company owes a lot to its creditors this year. When they are paid, the company will experience a huge cash decrease.
4. The increase of A/R indicates the company has failed to collect cash from its customers who have not paid. The company must have experienced huge amount of cash decrease.

If one company's Balance Sheet shows a huge increase of Inventory balance compared with the previous year, which one of the following analyses do you think is wrong?
1. The increase of Inventory indicates the company has spent a lot of expenses during the current year. Its profits must have declined.
2. The increase of Inventory indicates the company is ready to expand its operations in the next year.
3. The increase of Inventory must have had negative impact on the cash flows.
4. The increase of Inventory may have temporarily increased the company's Accounts Payable balance.

In: Finance

A share of stock with a beta of 0.76 now sells for $51. Investors expect the stock to pay a year-...

A share of stock with a beta of 0.76 now sells for $51. Investors expect the stock to pay a year-end dividend of $2. The T-bill rate is 3%, and the market risk premium is 7%. 

a. Suppose investors believe the stock will sell for $53 at year-end. Calculate the opportunity cost of capital. Is the stock a good or bad buy? What will investors do? (Do not round intermediate calculations. Round your opportunity cost of capital calculation as a whole percentage rounded to 2 decimal places.) 

b. At what price will the stock reach an “equilibrium” at which it is perceived as fairly priced today? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

In: Finance

Develop a percentage change trend analysis for each of the three years.  Results must be entered in...

  1. Develop a percentage change trend analysis for each of the three years.  Results must be entered in schedule below.
  2. Make at least one observation that is revealed by information provided in the analysis.

2011

2012

2013

Historical Data

Inventory

16,500

16,300

16,200

Property Plant & Equipment

82,500

84,000

80,100

Current Liabilities

35,000

32,500

31,800

Sales

150,000

135,000

128,000

Cost of Goods Sold

86,000

75,000

70,000

Operating Expenses

52,000

57,000

50,000

Net Income (loss)

12,000

3,000

8000

Trend Percentages

Inventory

Property Plant & Equipment

Current Liabilities

Sales

Cost of Goods Sold

Operating Expenses

Net Income (loss)

In: Accounting

On 1/1/2004, an insurance company invested $1,000,000 developing an annuity product that will produce returns of...

On 1/1/2004, an insurance company invested $1,000,000 developing an annuity product that will produce returns of $150,000 per year for the next 10 years (assume at the end of each year) following which the product will have to be abandoned.

The net present value of the project is $100,000.

At the end of 5 years, the opportunity cost of capital for the project decreased by 3 percentage points (or 3%), with the rest of the project remaining unchanged.

The insurance company recalculates the net present value as the present value of the remaining cash flows at the new opportunity cost of capital.

Find the value of the project on 1/1/2009.

a.

485,000

b.

535,000

c.

585,000

d.

635,000

e.

685,000

In: Finance

XYZ Company is evaluating a project as to whether expansion would be advisable. Here are the...

XYZ Company is evaluating a project as to whether expansion would be advisable. Here are the parameters you must use to assess whether that is advisable. The Company's cost of capital is 9.6% and they are making a 1.75 percentage point adjustment to it for additional risk associated with the project. Five year life. 1. Cost of the Project: $750,000 Working Capital Required: $75,000 Depreciation: $120,000 per Year Salvage value recovery at the end of the project is $47,500. Company tax rate is 30%. Assume that there is no gain or loss at the end of the project. 2. Annual Cash Flow: Sales of product: 120 units at $3,650 each Fixed Costs: $42,500 Variable Costs: $1,920 per unit.

In: Finance

How do firms measure the value of the shares issued in a​ non-monetary exchange? A. ​Typically,...

How do firms measure the value of the shares issued in a​ non-monetary exchange?

A. ​Typically, firms do not measure the value of the shares issued in a​ non-monetary exchange. They are not required to report that value.

B. Firms measure the value of the shares issued in a​ non-monetary exchange at their market​ rate, plus a percentage markup determined by the issuing company.

C. The fair value of the shares issued is the cost of the goods and services received in​ exchange, less a discount determined by the recipient of the shares. D. The fair value of the shares issued is the cost of the goods and services received in exchange.​ Therefore, the corporation records the noncash assets or services at the fair value of the stock issued in the exchange.

In: Accounting

A share of stock with a beta of 0.67 now sells for $51. Investors expect the...

A share of stock with a beta of 0.67 now sells for $51. Investors expect the stock to pay a year-end dividend of $3. The T-bill rate is 4%, and the market risk premium is 9%. a. Suppose investors believe the stock will sell for $53 at year-end. Calculate the opportunity cost of capital. Is the stock a good or bad buy? What will investors do? (Do not round intermediate calculations. Round your opportunity cost of capital calculation as a whole percentage rounded to 2 decimal places.) b. At what price will the stock reach an “equilibrium” at which it is perceived as fairly priced today? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

In: Finance