Answer:
List your assets.
Total your assets.
List your liabilities.
Total your liabilities.
Subtract your liabilities from your assets.
Explanation:
Assets are the resources owned by a person as a result of past events for which future economic benefits are expected to flow to that person or entity. Such includes Cash, Receivables, Inventory, Fixed assets etc
A liability on the other hand is an obligation expected of a person as a result of a past event, for which future economic benefits are expected to flow out of the entity or person. Examples of these are Payable, loans, accrued expenses etc
The total assets is value of resources owned by an entity while total liabilities is the value of resources owed hence a net off between both items give the net worth of a person. As such to compute net worth, List your assets, Total your assets, List your liabilities, Total your liabilities and Subtract your liabilities from your assets.
Answer:
No Net Impact on Pumpkin's Accounting Equation from collection of cash.
Explanation:
Sales transaction has already been recorded and there is a Account receivable with $500 balance which is an asset account. On January 11 Cash has been received and the transaction was as follows:
Dr. Cash $500
Cr. Account receivable $500
Cash and Account receivable are both assets account therefore there will be no net impact on pumpkin's accounting equation one type of asset account balance is increasing the other type of asset account balance is decreasing when we post transaction.
Accounting Equation
Asset = Equity + Liability
Dr. Cash +500 0 0
Cr. Account Receivable -500 0 0
Total Impact 0 0 0
Employees' resistance to the matrix organizational structure could stem from discomfort with unfamiliarity, despite recognizing competitive pressure.
The statement doesn't explicitly link the lack of investment to the company's uncertain future. It just makes an assumption about it. The potential reason for the resistance to change could be:
Resistance to the transition to a matrix organizational structure can stem from employees' lack of familiarity and comfort with this new setup, as they may be more accustomed to the traditional organizational hierarchy.
The complexity and ambiguity of matrix structures can lead to uncertainty, causing employees to hesitate in deviating from their established roles and reporting lines. This apprehension, confusion, and general reluctance to adapt might persist even if they understand the competitive need for change.
Learn more about organizational hierarchyhere:
Answer:
Option (b) $74,100
Explanation:
Data provided in the question:
Sales revenue = $184,000
Ending inventory = $11,600
Beginning inventory = $17,200
Purchases = $60,400
Purchase discounts = $3,000
Purchase returns and allowances = $1,100
Freight-in = $600
Freight-out = $900
Now,
Cost of goods available for sale
= Beginning inventory + Purchases + Freight-in - Purchases discounts - Purchase returns and allowances
= $17,200 + $60,400 + $600 - $3,000 - $1,100
= $74,100
Hence,
Option (b) $74,100
Overhead Rate per Machine Hour= Total Overheads/ Total No of Machine Hours
=1092000/52000
=$21 per Machine Hour
Overheads Allotted Rotary Fixed Wing
Machine Hours 25000 27000
Rate Per Hour 21 21
Overheads Allocated $525000 $567000
Structural unemployment is a type of unemployment where people lose their jobs because their skill is no longer in demand.
Further Explanation:
Structural unemployment:
Structural unemployment exists when there is a no match between the need of the business and the skill set of the workers. Generally, this type of unemployment occurs when new technology takes places an existing process method. When the existing workers are not competent to use the new technology then their skills are not required. This situation results in structural unemployment.
In the current case, people are losing their jobs because there is no longer a demand for their skills. The use of new skill set or the replacement of the human skills with the computer skills can be the reason behind the loss in the demand.
Thus, when people lose their jobs because of the decrease in the demand for their skills is known as structural unemployment.
Learn more:
1. Learn more about the demand and supply diagram
2. Learn more about the demand curve
3. Learn more about the forecasting human resources supply
Answer details:
Grade: Senior School
Subject: Economics
Chapter: Income & Employment
Keywords: Which, type of, unemployment is, defined as, people losing, their jobs, because, their, skill, is no, longer in, demand, employment, economics, business.