Joseph is an unemployed yard landscaping worker who is trying to find employment as he last had work seven months ago. He is now at a point where he will take any wage even if low to get money to pay the bills. He talks to businesses and landscaping companies on a daily basis but none are hiring due to an ongoing recession. How would you describe his experience with the correct economic term?

Answers

Answer 1

Answer:

Answer:

Cyclical Unemployment

Explanation:

Cyclical Unemployment occurs due to irregularities surrounding an economy and these said cycles eventually brings about recession and thus, a good number of willing workers would not be able to get jobs due to this fact. What Joseph is experiencing is called Cyclical unemployment.

Related Questions

The total overhead variance is the difference between actual overhead costs and overhead costs applied to work done.a) trueb) false
Which of the following assets purchased in the current year are eligible to be expensed under Section 179 assuming the cost does NOT exceed the limitations?Rex’s Wrecks purchased $561,000 in new equipment during 2017. Rex wants to use Section 179 to expense the maximum amount of the purchase. How much will Rex get to expense under Section 179 and what will be the adjusted basis of the assets for calculating MACRS depreciation expense?
"A cleaning company uses $10 of chemicals, $40 of labor, and $5 of misc. expenses for each house it cleans. After some quality complaints, the company has decided to increase its use of chemicals by 50%. By what percentage has multifactor productivity fallen?
Consider the market for hamburgers in an economy where the market equilibrium is characterized by a quantity of hamburgers of 50 million and a price of $5.00 per hamburger. Suppose that currently 50 million hamburgers are being produced and sold at a price of $5.00. This outcome in the market for hamburgers is economically _________ because: a. The opportunity cost of producing the last hamburger equals the marginal benefit of consumption. b. Some hamburgers that are valued more highly by consumers than their opportunity cost of production are not being produced and sold c. Some hamburgers produced incur opportunity costs of production that exceed their value or marginal benefit to consumers.Which of the following must be true for a market to be able to achieve an efficient outcome? a. The market price is determined solely by the forces of supply of and demand for a good. b. Firms can freely enter or exit the market without any barriers. c. Private property rights are well-defined and enforced.
You overhear a group of your co-workers laughing at some crude jokes about a few customers. Which of the following would you most likely do?

Private saving refers to ________. A) disposable income minus consumption expenditure B) total expenditure minus purchases of capital goods C) taxes plus consumption minus income D) consumption expenditure divided by disposable income E) none of the above

Answers

Answer:

disposable income minus consumption expenditure

Explanation:

A company is considering the purchase of new equipment for $69,000. The projected annual net cash flows are $27,800. The machine has a useful life of 3 years and no salvage value. Management of the company requires a 9% return on investment. The present value of an annuity of $1 for various periods follows: Period Present value of an annuity of $1 at 9% 1 0.9174 2 1.7591 3 2.5313 What is the net present value of this machine assuming all cash flows occur at year-end?

Answers

Answer:

The correct answer is $1,370

Explanation:

The computation of net present value is shown below:-

For computing the net present value first we need to find out the present value of inflow

Present Value of Inflow of 3 Years at 9% = Net cash flow × Number of years

= $27,800 × 2.5313

= $70,370

Net Present Value = Present value of inflow - Initial Outflow

= $70,370 - $69,000

= $1,370

Therefore for computing the net present value we simply deduct the initial outflow from present value of inflow.

A. 17.2, B. 15.12 C.12% D. 18.7%What would be the weighted average cost of capital for Lam Bakery, Inc. under the following conditions:

*The capital structure is 40% debt and 60% equity

*The before-tax cost of debt (which includes flotation costs) is 20% and the firm is in the 40% tax bracket

*The firm’s beta is 1.7

*The risk-free rate is 7% and the market risk premium is 6%

Answers

Answer:

Option (B) is correct.

Explanation:

Cost of Equity (Ke) = Rf + Beta ( Rp)

where,

Rf = risk free rate

Rp = Market risk premium

Hence,

Beta systematic risk:

= 7% + 1.7 (6%)

= 7% + 10.2%

= 17.2%

Post Tax cost of debt:

= Kd ( 1 - T)

where,

Kd = cost of debt

T = tax rate

= 20% * (1-0.4)

= 12%

WACC = [ (Ke × We) + (Wd × Kd(1-T)) ]

where,

We = weight of equity

Wd = weight of debt

= [(17.2% × 0.6) + (0.4 × 20% × (1 - 0.4))]

= 10.32% + 4.80%

= 15.12%

The beta of a security is calculated as: (_____ of a security’s return with the return on the market portfolio / _______).A. Variance; Covariance of the security returnB. Covariance; Standard deviation of the market returnC. Covariance; Variance of the market returnD. Variance; Covariance of the market returnE. Covariance; Variance of the security return

Answers

A security's beta is calculated by dividing the security's return covariance with the return on the market portfolio by the market return variance. As a result, choice (C) is the best way to respond.

What is the beta of security?

A stock's beta (β) value is a gauge of how volatile its returns are compared to those of the broader market. It is a crucial component of the Capital Asset Pricing Model and is utilized as a risk indicator (CAPM). A corporation with a higher beta has more risk as well as higher anticipated rewards.

One way to determine beta is to first divide the standard deviation of returns for the security by the standard deviation of returns for the benchmark. The correlation between the security's returns and the returns of the benchmark is multiplied by the resulting value.

Learn more about the beta of security, from:

brainly.com/question/19339498

#SPJ5

Answer:

Beta of a security is the covariance of the security return with the return on the market portfolio divided by variance of the market return.

The correct answer is C

Explanation:

Beta of a security is calculated as covariance (Ri,Rm) divided by Variance of the market return. Beta is used for measuring the systematic risk of a security.

A produce distributor uses 773 packing crates a month, which it purchases at a cost of $11 each. The manager has assigned an annual carrying cost of 33 percent of the purchase price per crate. Ordering costs are $28. Currently the manager orders once a month. How much could the firm save annually in ordering and carrying costs by using the EOQ?

Answers

$\sqrt(2*773*28)/(33)$ Answer:

Explanation:

Using the EOQ Formula = EOQ $\sqrt(2*D*O)/(H)$

D = Demand = 773

O = Ordering Cost =28

H = holding Cost = 11*33% =3.63

So we have :

EOQ= $\sqrt(2*D*O)/(H)$

EOQ= $\sqrt(2*773*28)/(3.63)$

EOQ= $\sqrt(43288\n)/(3.63)$

EOQ= $√(11925.06887)$

EOQ= 109.20196

Previous per unit order cost = 28/773 =0.03622

No of Orders = D/o

No of Orders = 773/109.20196 =7.0786

Cost per order =109.20196*0.03622 =3.9555

Total order cost= 7.0786*3.9555=27.9998

At EOQ holding Cost is equal to Order Cost

New Order cost =27.9998

Holding Cost = 27.9998

New cost As per EOQ = 56

Previous (33+28) = 61

Net Saving = 5

The Silver Corporation uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Department A and on machine-hours in Department B. At the beginning of the year, the Corporation made the following estimates: Department A Department B Direct labor cost $ 60,000 $ 40,000 Manufacturing overhead $ 90,000 $ 45,000 Direct labor-hours 6,000 9,000 Machine-hours 2,000 15,000 What predetermined overhead rates would be used in Department A and Department B, respectively?