Table 28-7
the Table Below Lists the Number of People

question 318

Short Answer

Table 28-7
The table below lists the number of people by labor force classification for the country of Springfield.
$$\begin{array} { | l | l | } \hline \text { Employed } & 78 \text { million } \\\hline \text { Part-time employed } & 22 \text { million } \\\hline \text { Unemployed } & 12 \text { million } \\\hline \text { Marginally attached } & 3 \text { million } \\\hline \text { Not in the Labor Force } & 30 \text { million } \\\hline \text { Discouraged } & 4 \text { million } \\\hline\end{array}$$
-Refer to Table 28-7. Calculate the U-5 unemployment rate.

---

Definitions:

Uncollectible Receivables

Accounts receivable that the company does not expect to collect, often recognized as bad debt expense.

Settlement

The process of finalizing a transaction where the buyer pays the seller, and the seller transfers ownership of an asset, or the resolution of a dispute.

Maturity Value

The amount that will be paid to the holder of a financial instrument at the instrument's maturity date, including principal and any accrued interest.

Due Date

The date by which a payment, task, or obligation must be completed or fulfilled.