If Brian, Age 24, Had No Job but Was Available

question 10

Multiple Choice

If Brian, age 24, had no job but was available for work and had looked for a job in the four weeks before the survey, Brian is classified in the Labour Force Survey as

• A) not in the working-age population.
• B) unemployed.
• C) employed.
• D) a discouraged worker.
• E) not in the labour force.

Analyze and interpret the significance of current assets, working capital, and cash flow statements.

Calculate and apply the concepts of earnings before interest and taxes (EBIT).

Understand the impact of operating cash flow on a firm’s financial health.

Assess and calculate the cash flow to shareholders and creditors.

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Definitions:

Double-Declining Balance

A method of accelerated depreciation where an asset’s book value is decreased at double the rate of its straight-line depreciation.

Straight-Line

A method of calculating depreciation or amortization by dividing the cost of an asset equally over its useful life.

Double-Declining Balance

A method of accelerated depreciation that doubles the normal depreciation rate, reducing the value of an asset more quickly in its early years.

Salvage Value

The projected value of an asset when it reaches the end of its functional lifespan.