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4 years ago

Normative economic analysis involves value judgments and opinions. purely descriptive statements. testable hypothes

Business

1 answer:

grandymaker [24]4 years ago

5 0

Answer:

value judgments and opinions

Explanation:

Normative Economics is a term that describes a form of contemporary economics which concentrates on the expected economic ideals or standards in relation to the advancement of all aspect of the economy.

Hence, Normative economics can be said to involve value judgment and opinions of what the economy as a whole should be.

Therefore, the right answer is "value judgment and opinion."

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Hal and Gavin are siblings who own a mattress recycling company. Demand has been increasing for their services and the brothers

Yakvenalex [24]

I think it's A. They decide to open a mattress drop off site, downtown, because the marginal, cost of the new location is less than the other projects.

4 0

3 years ago

A company has a beginning retained earnings balance of $100,000. It has net income for the current year of $50,000 and paid $10,

Brut [27]

Answer:

The ending balance of retained earnings for the company $ 140.000

Explanation:

Retained Earnings increase the balance with the Net Income of each year that it's not withdrawalled by the owner or because are not paid dividends, to this case the owner only withdraw $10.000 of $50.000 generated during the year.

4 0

3 years ago

Six equal partners own a local pizzeria. The partners have made a tremendous profit and bought many personal items such as cars,

Tanya [424]

Answer:

Money to be paid by each partner individually is $112,500

Explanation:

Let A and B are partners of a share amount Z

If A's amount is x and share of B's amount is y, then share of A is calculated as

x / (x + y) * z

Number of partners in Pizzarie is 6 with all having equal shares

Value of business is $675,000

Damage to be paid is $1.2 million

Hence, the money to be paid by each partners individually is:

= $675,000 / 6

= $112,500

Therefore, money to be paid by each partner individually is $112,500

5 0

3 years ago

The assessed value of Sidney's home is $350,000, but the home was recently appraised at $225,000. As a result, Sidney believes h

Yuri [45]

Answer:

Depending on the reason why Sidney requested the appraisal, she has two options:

If Sidney got the appraisal because she thought her property taxes were too high, she can file a complaint with her local board of assessment review (BAR) in order to get her taxes reduced.
Or if Sidney wants to sell her house she could appeal the appraisal amount and request a reconsideration of value.

3 0

4 years ago

Varmit-B-Gone is a pest control service that operates in a suburban neighborhood. The company attempts to make service calls at

lubasha [3.4K]

Answer:

VARMIT B-GONE

BUDGETED INCOME STATEMENT

sales revenue ( 90%*1500*2.4*80%*$80) $207,360

Service cost :

variable cost $17280

Maintenance and repair 15,998

Depreciation 42,000 75,278

Gross profit 132,082

marketing and administrative cost :

Marketing (variable ) 10,440

administrative (fixed)(55,000*105%) 57,750

bad debt( 2%*207360) 4,147 72,337

net income 59,745

Explanation:

service cost :

variable cost = (24,000/3600)*2592 = $17,280

maintenance and repairs = (22,000/3600)*2592 *101% = $15,998

Marketing cost = ($14,500/3600)*2592 = $10,440

7 0

3 years ago