Murphy & johnson is a privately owned manufacturer of small motors for lawn- mowers, tractors, and snowmobiles. the components of its financial statements are (1) income before taxes = $21 million, (2) total assets = $550 million, and (3) total revenues = $775 million. (a) determine overall materiality, and determine tolerable misstatement. justify your decision.(b) during the course of the audit, murphy & johnson cpa's firm detected two misstatements that aggregated to an overstatement of income of $1.25. evaluate the audit findings. justify your decision.

Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.a. after a long search, jon finds a job.b. tyrion, a full-time college student, graduates and is immediately employed.c. after an unsuccessful job search, arya gives up looking and retires.d. daenerys quits her job to become a stay-at-home mom.e. sansa has a birthday, becomes an adult, but has no interest in working.f. jaime has a birthday, becomes an adult, and starts looking for a job.g. cersei dies while enjoying retirement.h. jorah dies working long hours at the office.