The labor department said that the largest job gains occurred in new york, which added 62,100 jobs, while minnesota added 10,300 jobs, its first gains in almost a year. vermont added 900 jobs but its unemployment rate fell from 7.3% to 6.8%long dashthe biggest drop of all states. source: the associated press, august 21, 2009 explain how, other things remaining the same, the increase of 62,100 jobs in new york and of 10,300 in minnesota changed the number of people employed, the labor force, and the unemployment rate. the increase of 62,100 jobs in new york and of 10,300 in minnesota the number employed and the labor force.

a. did not change; increased or did not change
b. increased; definitely increased
c. increased; increased or did not change
d. did not change; did not change

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

Shrieves casting company is considering adding a new line to its product mix, and the capital budgeting analysis is being conducted by sidney johnson, a recently graduated mba. the production line would be set up in unused space in the main plant. the machinery’s invoice price would be approximately $200,000, another $10,000 in shipping charges would be required, and it would cost an additional $30,000 to install the equipment. the machinery has an economic life of 4 years, and shrieves has obtained a special tax ruling that places the equipment in the macrs 3-year class. the machinery is expected to have a salvage value of $25,000 after 4 years of use. the new line would generate incremental sales of 1,250 units per year for 4 years at an incremental cost of $100 per unit in the first year, excluding depreciation. each unit can be sold for $200 in the first year. the sales price and cost are both expected to increase by 3% per year due to inflation. further, to handle the new line, the firm’s net working capital would have to increase by an amount equal to 12% of sales revenues. the firm’s tax rate is 40%, and its overall weighted average cost of capital, which is the risk-adjusted cost of capital for an average project (r), is 10%. define “incremental cash flow.” (1) should you subtract interest expense or dividends when calculating project cash flow?

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.