The following information is given for an economy:. Labor Force of an Economy
Number of People (millions)
Total population30.3
Children under the age of 166.1
Retirees5.7
Employed15.8
Unemployed1.6
Not actively seeking employment0.6
Homemakers0.5
Instructions: Round your answers to 1 decimal place.
a. How much of the population is older than 16? million
b. What is the size of the labor force? million
c. What is the labor force participation rate? %

Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?

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You decide to invest in a portfolio consisting of 25 percent stock a, 25 percent stock b, and the remainder in stock c. based on the following information, what is the expected return of your portfolio? state of economy probability of state return if state occurs of economy stock a stock b stock c recession .16 - 16.4 % - 2.7 % - 21.6 % normal .55 12.6 % 7.3 % 15.9 % boom .29 26.2 % 14.6 % 30.5 %