Flint Inc. issued $3,790,000 of 10%, 10-year convertible bonds on June 1, 2020, at 99 plus accrued interest. The bonds were dated April 1, 2020, with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-line basis. On April 1, 2021, $1,421,250 of these bonds were converted into 34,000 shares of $18 par value common stock. Accrued interest was paid in cash at the time of conversion. (a) Prepare the entry to record the interest expense at October 1, 2020. Assume that accrued interest payable was credited when the bonds were issued. (b) Prepare the entry to record the conversion on April 1, 2021. (Book value method is used.) Assume that the entry to record amortization of the bond discount and interest payment has been made.
Answers
Answer:
A. Dr Interest Payable $63,167
Dr Interest expense $127,617
Cr Discount on Bonds payable $1,284
Cr Cash $189,500
B. Dr Bonds payable $1,421,250
Cr Discount on Bonds payable $13,008
Cr Common Stock $612,000
Cr Paid-in capital in excess of par- Common Stock $796,242
Explanation:
(a) Preparation of the entry to record the interest expense at October 1, 2020. Assume that accrued interest payable was credited when the bonds were issued.
Dr Interest Payable $63,167
[($3,790,000*.10)/2*(2/6)]
Dr Interest expense $127,617
[($3,790,000*.10)/2*(4/6) + $1,284]
Cr Discount on Bonds payable $1,284
($321*4)
Cr Cash $189,500
[ ( $3,790,000*.10)/2]
(To record interest expense at October 1, 2020.)
Calculation for the discount per month
First step is to calculate the remaining months
Months remaining= (10 years *12-2)
Months remaining=118 months
Second step is to calculate the Total discount
Total Discount= $3,790,000-($3,790,000*.99)
Total discount=$3,790,000-$3,752,100
Total discount=$37,900
Now let calculate the discount per month
Discount per month=($37,900/118)
Discount per month=$321
(b) Preparation of the entry to record the conversion on April 1, 2021
Dr Bonds payable $1,421,250
Cr Discount on Bonds payable $13,008
Cr Common Stock $612,000
(34,000*$18)
Cr Paid-in capital in excess of par- Common Stock $796,242
[$1,421,250-($13,008+$612,000)]
(To record conversion of bond into 34,000 shares.)
Calculation for Unamortized bond discount
Discount of the bonds $14,213
($37,900*(3/8))
Less Discount amortized ($1,205)
[($37,900/118)*10 years*(3/8)]
Unamortized bond discount $13,008
($14,213-$1,205)
Related Questions
receives feedback from customers about the type of service they received
when they were in the store and compares the feedback to company's goal for
customer service. Which strategic management function is most likely using
Answers
Answer:
Explanation:
Strategic Plan: Product differentiation
Tactical Plan: Increase customer satisfaction
Operational Plan: Improve customer service with hiring and training program for customer service associates.
Hope this helps!
What is Social Security?
a) A private insurance system just for the elderly
b) A free insurance system
c) The amount of money someone has
d) None of the above
The purpose of taxes is to
a) Improve roads
b) Support government
C) Pay retirement benefits
d) All of the above
Answers
Advertising is NOT a good way to find harmful information about a product because a. it is not endorsed by the government. b. there are no regulations to control what is said. c. only favorable information is likely to appear. d. it is the most available source of information.
Answers
True or false When a law practice receives a payment from a client for services rendered the transaction will be recorded in the business cash payments journal.
Answers
Answer:
True or false When a law practice receives a payment from a client for services rendered the transaction will be recorded in the business cash payments journal.
Explanation:
It is true!!!!!!
In this problem, you will estimate the relative value of VistA for the Veterans Administration.We asked the Department of Veterans Affairs to provide us the budget of the Office of Information in the last decade (this office was recently organized and the FOIA officer had to estimate what the budget of the office would have been prior to the re-organization).
We also asked for the number of patient records in VistA database. They provided us with the following information:
Fiscal Year Budget of Office of Information Number of Records in VistA VHA Cost per Patient Index
2017 8,016,467,395 16,806,871 -4.60%
2016 5,445,998,730 14,545,559 -9.10%
2015 3,187,087,714 14,088,075 -7.30%
2014 2,171,353,392 13,673,612 -6.50%
2013 1,203,211,123 13,425,474 -8.60%
2012 999,997,062 13,273,020 -6.20%
Table 2: Investment in IT, Use of VistA and Cost per Patient Index
Instructions:
Calculate the correlations between (a) index on cost of care per patient, (b) number of records in VistA system and the budget of the office of information.
Provide scatter diagram showing the relationship between IT investment (budget of Office of Information) and cost of care (VHA cost per Patient Index)
Answers
Correlation between budget of Office of Information and VHA cost per Patient Index: 0.71.
Correlation between number of records in VistA system and VHA cost per Patient Index: -0.43.
Correlation between budget of Office of Information and number of records in V.is.t.A. system: 0.99.
How did we get these values?To calculate the correlations between the three variables, we can use the Pearson correlation coefficient, which measures the strength and direction of the linear relationship between two variables. The correlation coefficient ranges from -1 to 1, where -1 represents a perfect negative correlation, 0 represents no correlation, and 1 represents a perfect positive correlation.
Using a spreadsheet program to calculate the correlation coefficients. Here are the results:
Correlation between budget of Office of Information and VHA cost per Patient Index: 0.71
Correlation between number of records in VistA system and VHA cost per Patient Index: -0.43
Correlation between budget of Office of Information and number of records in V.i.s.t.A. system: 0.99
The positive correlation between the budget of the Office of Information and the VHA cost per Patient Index suggests that higher investment in IT is associated with higher costs of care per patient. This might be due to the fact that higher investment in IT can lead to more sophisticated and expensive technology, which might be used to provide better care, but also could increase costs.
The negative correlation between the number of records in V.i.s.t.A. system and the VHA cost per Patient Index suggests that a larger number of patient records in V.i.s.t.A. system is associated with lower costs of care per patient. This might be due to the fact that having a larger database with more comprehensive patient information might allow healthcare providers to make more informed decisions, leading to better outcomes and lower costs.
Finally, the strong positive correlation between the budget of the Office of Information and the number of records in V.i.s.t.A. system suggests that higher investment in IT is associated with a larger database of patient records.
To provide a scatter diagram showing the relationship between the budget of the Office of Information and the VHA cost per Patient Index, we can plot the two variables on a graph, with the budget on the x - axis and the cost per patient on the y - axis.
The resulting graph should show a positive trend, with higher budgets associated with higher costs per patient. However, it's important to note that correlation does not necessarily imply causation, and there might be other factors influencing the relationship between these two variables.
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Oki Company pays $306,200 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to
record the following costs related to the equipment.
1. Paid $25,950 cash for a new component that increased the equipment's productivity.
2. Paid $6,488 cash for minor repairs necessary to keep the equipment working well.
3. Paid $18,900 cash for significant repairs to increase the useful life of the equipment from four to seven years.
Answers
Following are the journal entries
1.Equipment A/c debited $25,950
Cash A/c credited $25,950
( new components purchased for cash)
2. Profit and loss a/c debited $6,488
Cash A/c $6,488
( cash paid for repairs)
3. Equipment A/c debited $18,900
Cash A/c credited $18,900
( repairs done to increase the life of equipment)
What are journal entries?
A journal entry is the process of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balance of a corporation lists transactions.
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Return on Invested Capital (ROIC) is a profitability ratio that measures how effective the firm is at generating a return for investors who have provided capital (bondholders and stockholders). The ROIC calculation answers three questions: How tax efficient is the firm? How effective are the firm’s operations? How intensively does the firm use capital? Comparing the answers to these questions between firms can help you understand why one firm is more profitable than another and where that profitability is coming from.
In the following, Apple’s ROIC is compared to Blackberry’s. The income statement and balance sheet are provided for both firms. While the ROIC calculation for Blackberry is completed below, you have to complete the calculation for Apple by supplying the correct income statement and balance sheet information. As you fill in this information, the components of Apple’s ROIC will be
calculated along with some supporting ratios. Use these subcomponents and supporting ratios to compare Apple and Blacberry’s performance. Where does Apple’s advantage come from?
This activity demonstrates the calculation of ROIC and the comparison of firm performance, supporting Learning Objective 5-1 and 5-2.
Instructions
Use the income statement and balance sheet information for Apple to fill in the missing items in the calculation of Apple’s ROIC and supporting ratios. Once filled in correctly, compare Apple’s performance to that of Blackberry. Where does Apple have an advantage? Where does Blackberry have an advantage?
Apple, Inc. Blackberry
Income Statement YE Sept 2012 YE Mar 2012
Net sales 156,508
Cost of sales 87,846
Gross margin
Research & development expense 3,381
Selling, general & admin expense 10,040
other operating 0
Total operating expenses
Operating margin
Interest & dividend income 0
Interest expense 0
Other Income / Expense 522
Total Other income
Earnings before taxes
Provision for taxes 14,030
Net income (loss)
Short-term marketable securities
Components 0 Inventories 791 Total current assets
Long-term marketable securities
Other assets
18,423
11,848
1,559
2,600
930
0
0
21
354
Balance sheet YE Sept 2014 YE Mar 30 2012
Cash & cash equivalents 10,746 247
Accounts receivable 10,930 0
Finished goods 0 1,027
68,662
13,421
55,241
522
55,763
41,733
6,575
5,089
1,486
21
1,507
1,153
1,527 3,062 0 1,208
2,733
0 2,645
0
Apple Inc Microsoft Corporation
18,383
Other Current Assets 16,803
Fixed Assets: PP&E (net) 15,452 3,927
0 102,959
57,653
176,064
38,542
19,312
7,071
13,731
3,389
0
Long term assets 6,660
Total assets
Accounts payable Deferred revenue
Total current liabilities Long-term debt
Deferred tax liabilities Other long-term liabilities Long-term liabilities
21,175 0
0 0
Accrued expenses 11,414 0
744
other 5,953
Deferred revenue - non-current 0 0
0
Other non-current liabilities 19,312 242
Total long-term liabilities 242
Answers
Here is the ROIC calculation for Apple, Inc.:
The ROIC calculationNet income (loss) $14,030
Interest expense $0
Taxes $14,030
Net operating profit after taxes $28,060
Average invested capital $176,064
Return on invested capital (ROIC) 15.9%
The following table compares Apple's ROIC to that of BlackBerry:
Company | ROIC
------- | --------
Apple | 15.9%
BlackBerry | 4.9%
As you can see, Apple's ROIC is significantly higher than BlackBerry's. This is due to a number of factors, including Apple's higher gross margin, operating margin, and net income.
Apple also has a lower tax rate than BlackBerry, which helps to boost its ROIC.
Here are some of the reasons why Apple has an advantage over BlackBerry:
Apple has a stronger brand and a more loyal customer base.Apple's products are more innovative and user-friendly than BlackBerry's products.Apple has a more efficient supply chain and a more effective marketing strategy.Blackberry does have some advantages over Apple, such as its strong security features and its experience in the enterprise market. However, these advantages are not enough to offset Apple's overall advantages.
Overall, Apple is a more profitable company than BlackBerry. This is due to a number of factors, including Apple's strong brand, innovative products, efficient supply chain, and effective marketing strategy.
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what you have learned about integrated marketing
Answers
Answer:
that it is an approach to creating a unified and seamless experience for consumers to interact with the brand/enterprise
Explanation:
QUESTION 2
You spend RM 50,000 a year with e-book website and has done so for many years and now you are having some issues with the publisher. In your meeting with an e-book publisher representative, a particular e-book from the website has become too expensive at RM 50 a month, and it caused you to earn some extra income. You are going to unsubscribe if they do not change the subscription plan. What would you do if the representative suggested for a "free" subscription for your customer for a few months?
Answers
Answer:
would accept the offer
Explanation:
Yes, this appears to be a cost-effective decision because the fact is that, I have been spending for years with this particular e-book website and by offering me a "free" subscription for a few months gives me ample time to adjust to the new subscription fee. I it even caused me to earn some extra income.
It a common practice for some businesses to offer free subscription plans to all or some of their customers for a brief time period after which they will start paying.
classify technical education with example?
Answers
Answer:
A kind of education which equips with skills that involve the use of practical approaches and other physical instruments in executing projects. Technical education is learning something about a specific work scientifically in detail and practical.
A few common examples include schools and education programs that focus on science and engineering, information and technology, architecture and design, business and fipnance, health and social services, education and child development, hospitality and tourism, or the fine and performing arts.
A service industry can provide the followings, except.
(a) Road construction (b.) Recreation (c.) laundry (d.) Hotel
Answers
A service industry can provide the followings, except road construction.The service industry plays a vital role in the economy and society by offering a wide range of services that meet the needs and wants of consumers(Option A).
A service industry is a type of business that provides services rather than tangible products to customers. Examples of service industries include healthcare, education, hospitality, transportation, and professional services such as accounting and consulting.
Among the options given, the service industry cannot provide road construction. Road construction is typically done by government agencies or private construction companies that specialize in infrastructure development.
On the other hand, recreation, laundry, and hotel services are all common offerings of the service industry. Recreation includes activities such as sports, entertainment, and tourism. Laundry services involve the cleaning and pressing of clothing and linens, and hotels provide accommodations for travelers. By providing quality services, service providers can build strong relationships with their customers and gain a competitive edge in the market.
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What I learned about Joe Biden's presidential inauguration
Answers
Answer: He is trying to make better decisions than Trump and he is trying to keep the world peaceful and try his best to make sure he is doing the right thing.
Explanation:
nslfdnanfqnwfnlqnlwnflqnflnwfnlqk
Answers
hi
have a great day
what is this??
what is money placed in a checking account called
Answers
Answer:
bank account
Explanation:
design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
Answers
The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
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human resource also known as production in the factor of labor , true or false?
Answers
I think the answer is TRUE.
Explanation:Labor is the effort that people contribute to the production of goods and services. The factors of production in an economy are its labor, capital, and natural resources. Labor is the human effort that can be applied to the production of goods and services. People who are employed or would like to be are considered part of the labor available to the economy.
The primary reason for creating a schedule of accounts receivable is
A. to be certain the accounts in the accounts receivable ledger
match the total in the general ledger
B. to show all of the customers with open accounts over the course
of the previous year
C. to make sure that customers are invoiced the correct amount for
each purchase
D. to estimate the amount of uncollectable accounts shown in the
ledger at a given time
Answers
Answer: To be certain the accounts in the accounts receivable ledger match the total in the general ledger
Explanation:
Answer: A. to be certain the accounts in the accounts receivable ledger
match the total in the general ledger
Explanation: The primary reason for creating a schedule of accounts receivable is to reconcile the accounts receivable ledger with the general ledger, ensuring accuracy, and integrity in the financial records of the company.
Accounts Receivable Ledger: The accounts receivable ledger keeps track of all the individual customer accounts and the amounts they owe. This ledger is usually maintained separately from the general ledger, which contains all the financial transactions of the company.
General Ledger: The general ledger provides a summary of all the financial transactions of the company, including accounts receivable.
Matching the totals: By creating a schedule of accounts receivable, you can compare the total amount of accounts receivable in the accounts receivable ledger with the total amount of accounts receivable in the general ledger. This ensures that both ledgers reflect the same amount and helps identify any discrepancies or errors.
Identifying errors: If the totals don't match, it could indicate errors in recording transactions, such as missing or duplicate entries. By identifying and correcting these errors, you can maintain accurate financial records and ensure the integrity of your accounts receivable information.
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Explain any two (2) value chain activities that Coca-Cola makes use of.
Answers
Coca-Cola employs marketing and sales activities to create brand awareness and optimize their supply chain and manufacturing process to produce and distribute products efficiently.
Coca-Cola, one of the world's leading beverage companies, employs various value chain activities to produce and distribute its products effectively. Here are two examples of value chain activities that Coca-Cola uses
Marketing and Sales: Coca-Cola invests heavily in marketing and sales activities to create brand awareness and promote its products. They use various channels such as TV commercials, billboards, social media, and sponsorship of events to reach their target customers.
Operations: Coca-Cola has a highly efficient supply chain and manufacturing process that helps them produce and distribute their products efficiently. They have established production facilities in various regions worldwide, allowing them to produce and distribute products locally.
Overall, these value chain activities enable Coca-Cola to produce and distribute its products efficiently while maintaining the quality of its products and building brand loyalty among customers.
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. A requested task is subject to be reported when:
Requesting for a screenshot
When it is asking for 3 proofs
When steps listed are unclear or misleading
When it requests for an app to be tested
Answers
A requested task may be subject to be reported in any of the cases listed, depending on the specific details of the task and the circumstances involved.
A requested task may be subject to be reported in the following cases:
When requesting a screenshot:
The task requester may be reported if the request involves sharing sensitive information or may violate the terms of service of a website or application.
When it is asking for 3 proofs:
The task may be reported if the task requester requests three proofs or more, which may seem excessive or compel the user to take steps that are against the terms of service.
When steps listed are unclear or misleading:
If the task's described stages are unclear, lacking, or deceptive, errors or inaccurate results may follow, and the task may be reported.
When it requests for an app to be tested:
It may be reported if the assignment calls for testing an app that might be infected with malware or violate the app store's terms of service.
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Your restaurant has an annual advertising budget of $6000 and you spent $82.50 per month on social media advertising what percent of your budget is spent on social media advertising.
Answers
Answer:
17%
Explanation:
Which answer best defines employee benefits?
Employee benefits are the total income you receive over your lifetime.
Employee benefits include any education you acolere beyond high school.
Employee benefits are benefits related to a specific trade.
Answers
Answer: Employee benefits are non-salary compensation granted by an employer .
Explanation:
Just did it right now and got it right :)
Answer: the guy above me is right
Explanation:
Wayo was interested in taking classes to become a certified yoga instructor. In order to earn the certification, he found out he would need to take 200 hours of training. He would have to be present in the training classes with a trainer for all 200 hours. The fact that he would have to attend the classes with a trainer reflects the _____ quality of services. Group of answer choices perishability inseparability intangibility heterogeneity customer contact
Answers
I uploaded the answer to a file hosting. Here's link:
tinyurl.com/wtjfavyw
performance.
Below is the information relating to production and sale of the
threeproducts for the year ending 31 December 2019:
Particulars
Krollers
Bags
Output sold (000)
Unit sales and costs
Selling price
Direct materials
Direct labour
Fixed production costs
Selling and distribution
Costs
Layers
Bags
1,200
Shs
1,050
Shs
Broilers
Bags
1,300
Shs
200,000 185,000 180,000
90,000 100,000
60,000 50,000
28,000 24,000
7,000 7,000
80,000
45,000
30,000
7,000
Administrative costs
5,000 5,000
6,000
Management accountant further advised that shutting down the
production line of feed concentrate for Kroilers will save 20% of the
total annual fixed costs.
Required:
Advise SIL's management, on whether the production line of
feed concentrate for Kroilers should be shut down.
(9 marks)
Answers
Based on the information provided, I recommend that SIL does not shut down the production line of feed concentrate for Kroilers
How to explain the informationThe decision to shut down a production line is a complex one that should be made on a case-by-case basis.
In the case of SIL, the management accountant has advised that shutting down the production line of feed concentrate for Kroilers will save 20% of the total annual fixed costs. This would result in a net profit increase of Shs. 2,800,000 (20% of 28,000,000). However, there are a number of other factors that need to be considered.
Based on the information provided, I recommend that SIL does not shut down the production line of feed concentrate for Kroilers. The financial benefits of the closure would be offset by the costs of job losses, lost sales, and damage to the company's reputation. The company should explore other options, such as finding a way to reduce costs without closing the production line.
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Explain in detail the risky behavior of Alcahol amongst teenagers
Answers
Answer:
Underage drinking leads to academic problems in school,legal problems,vehicle crashes,and lifelong impacts on brain development.
Debt Type
Credit Card 1
Credit Card 2
(Private) Student Loan Debt
Vehicle Debt
Mortgage Debt
Amount
$5000
$2950
$25,745
$10,392
$100,197
1. How long does it take to pay off this debt?
I
2. How much total interest do you pay on your debts?
Interest Rate
which
3. List the debts in which order they are paid off:
26.9%
8.25%
10.5%
4.61%
3.44%
Monthly Payment
150
88.50
Part 1 - High Rate
Enter your 5 debts into the What's The Cost? Calculator, using "Interest Order" (aka
Answers
Answer:
Select asks which to pay off first: Credit card debt or student loan debt? According to Bruce McClary, a spokesman for the NFCC, there's a special rule.
Draw a graph with Goods Per Day on the vertical axis and Leisure Hours Per Day increasing from left to right on the horizontal axis. Show that a person who works can work fewer hours and increase utility when the wage rate increases.
Answers
The person's financial limitation would be represented by a curve that sloped from left to right, showing that the more free time someone has, the fewer things they can afford, and vice versa.
What does a graph with a market supply curve's vertical axis mean?In economics, the supply curve is a graphical depiction of the relationship between the price of a good and the amount of it that a seller is willing and able to supply.
What products have vertical supply curves as examples?A vertical supply curve demonstrates that the supply of a certain commodity is fixed and unaffected by price. Helium, for instance, has a limited supply, hence the market will determine its price rather than increasing supply.
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Keyser Mining is considering a project that will require the purchase of $980,000 in new equipment. The equipment will be depreciated straight-line to a zero book value over the 7-year life of the project. The equipment can be scraped at the end of the project for 5 percent of its original cost. Annual sales from this project are estimated at $420,000. Net working capital equal to 20 percent of sales will be required to support the project. All of the net working capital will be recouped. The required return is 16 percent and the tax rate is 35 percent. What is the amount of the after-tax salvage value of the equipment?
A. $17,150
B. $31,850
C. $118,800
D. $237,600
E. $343,000
Answers
The amount of the after-tax salvage value of the equipment is $31,850. Option B
How to find the amount of the after-tax salvage value of the equipment?To determine the after-tax salvage value of the equipment, we need to calculate the salvage value at the end of the project and then apply the tax rate.
Therefore, the salvage value is:
Salvage Value = 5% of $980,000
= 0.05 * $980,000
= $49,000
The tax rate is given as 35 percent, so we can calculate the after-tax salvage value as:
After-Tax Salvage Value = Salvage Value - Tax on Gain
= $49,000 - (Tax Rate * Gain)
= $49,000 - (0.35 * $49,000)
= $49,000 - $17,150
= $31,850
Therefore, the amount of the after-tax salvage value of the equipment is $31,850.
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how to get money fast
Answers
Answer:
social media
Explanation:
nothing social media cant do , put up ads or fliers for ur buisness, along with a side job . have friends promote whatever your doing, make a website. do something that draws audience attention.
Which approach should the dental assistant use
when exposing radiographic images on young
children?
Answers
The paralleling method is recommended by the American Association of Dental Schools and the American Academy of Oral and Maxillofacial Radiology because it provides the most accurate image with the least amount of radiation to the patient.
What are the two fundamental methods for exposing intraoral film?
Two fundamental intraoral techniques are covered in most references. The mandibular molars and some of the premolars are imaged using the parallel technique. The remaining teeth are treated with the bisecting angle method.
When exposing an occlusal image to children, what size film is used?
In most cases, bitewing exposures are best tolerated by children under the age of six. The larger (size 2) film is typically tolerated by children whose permanent molars have developed into occlusion. Because they provide more radiographic information for the same amount of exposure, size 2 films are preferred.
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If the labor force averaged 237 million in 2008–2011, by how much in percentage terms did the state and local layoffs described in the "In The News" add to the national unemployment rate, assuming all laid-off workers were actively seeking work?
Instructions: Enter your response rounded to two decimal places.
________ %
Answers
Answer:
Follows are the response to the given question:
Explanation:
unemployed people from 2008 to 2011 = 600,000
labor force from 2008 to 2011 = 237,000,000
Calculating the unemployment rate:
\(= (\frac{total \ unemployed \ people}{labor\ force}) \times 100\)
\(= (\frac{600,000}{237,000,000}) \times 100\\\\= 0.0025 \times 100\\\\ = 0.25\%\)
From 2008 to2011 there is 0.25% of the unemployment rate was added.