Answer:
The answer is:
1. Cyclical Unemployment
2. Frictional Unemployment
3. Natural Unemployment
Explanation:
1. Unemployment caused by recessions - cyclical unemployment. It is caused by reduction in total spending, low activities in the economy. Coronavirus pandemic is already causing cyclical unemployment.
2. Unemployment that normally occurs due to turnover as workers switch jobs - frictional unemployment.
This happens when a worker leaves a job to search for another. The unemployment between the time gap is frictional unemployment.
3. The unemployment rate that exists when the economy is operating at potential - Natural Unemployment.
Unemployment caused by replacement of obsolete technology or lack of required skills are called natural employment.
Answer:
a) Bonds Payable.
Explanation:
Since there is an issue of bonds as against cash, which need to be paid back in future, amount received will be credited to bonds payable.
Further the purpose of bonds will always be to acquire a capital asset as bonds are issued for long term finance generally, therefore, the bonds will be credited as bonds payable, rather than capital contributions.
Though a general note in notes to account can be added clearly specifying the purpose of issue of bonds.
a) Bonds Payable.
Elementary educators have to be patient and careful with what, how, and where they teach. High School educators need to be strict about when, and how.
Answer:
Warbocks Corporation
Statement of retained earnings for the year ended December 31, 2017
Amount in $
Opening retained earnings 12,600
Net income for the year 7,000
Dividend <u> (5,000)</u>
Closing retained earnings <u> 14,600</u>
Explanation:
The retained earnings statement shows the movement in the retained earnings balance between the start and end of the year.
This includes the net earnings and dividend paid during the year.
Net income = $30,000 - $15,000 - $2,000 - $4,500 - $500 - $1,000
= $7,000
