What did hoover’s observation during the depth of the depression that "many persons left their jobs for the more profitable one of selling apples" indicate?
a. president hoover had grown increasingly out of touch with the economic reality of americans.
b. compared to the plight of the cities, farms and orchards were remarkably prosperous.
c. industrial wages during the time were so low that many people did not consider employment worthwhile.
d. even in the midst of the depression, hoover continued to focus on micromanaging the economy.
e. the great depression had resulted in a complete breakdown of all market infrastructures.

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.

Your own record of all your transactions. a. check register b. account statement