The Constantine Company Had the Following Assets and Liabilities on the Dates

question 120

Essay

The Constantine Company had the following assets and liabilities on the dates indicated. $\begin{array}{ccc}\text { December 31 } & \text { Total Assets } & \text { Total Liabilities } \\2020 & \$ 480,000 & \$ 250,000 \\2021 & \$ 460,000 & \$ 220,000 \\2022 & \$ 590,000 & \$ 300,000\end{array}$ Constantine began business on January 1, 2020, with an investment of $100,000.
Instructions
From an analysis of the change in owner's equity during the year, compute the net income (or loss) for:
(a) 2020, assuming Constantine's drawings were $45,000 for the year and made no additional investments.
(b) 2021, assuming Constantine made an additional investment of $50,000 and had no drawings in 2021.
(c) 2022, assuming Constantine made an additional investment of $15,000 and had drawings of $40,000 in 2022.

Understand the concepts of labor force, unemployment rate, and labor force participation rate.

Calculate the labor force, unemployment rate, labor force participation rate, and other relevant labor market statistics.

Evaluate the effects of unemployment insurance on the labor market.

Analyze the impact of the internet on frictional unemployment.

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Definitions:

William Paley

An English clergyman and philosopher known for his argument of the teleological design, specifically the watchmaker analogy.

Argument From Design

A teleological argument for the existence of God based on the premise that natural things show evidence of design in their order, purpose, and beauty, implying a designer.

Virgen De Guadalupe

A revered icon and religious symbol in Mexico, representing the appearance of the Virgin Mary to Juan Diego on the hill of Tepeyac.

Religious Syncretism

Refers to the blending of two or more religious belief systems into a new system, or the incorporation of practices from another tradition into a religious tradition.