Frictional unemployment describes extended periods of unemployment during which retraining for new jobs occurs. seasonal layoffs and periods without work, such as construction and public school teaching. the loss of jobs resulting from periods of recession. the growing number of job seekers whose absence of skills makes them unemployable in any line of work except unskilled, dead-end jobs. recent entrants, re-entrants, and voluntary quits who require only a short time to find new employment.

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right