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Alja [10]
4 years ago
8

Which of the following is a normative economic statement? The poverty rate hit a new high last year and income distribution also

worsened. Health care accounts for roughly a third of total spending in the economy. The government needs to revamp the Social Security program to make it sustainable. Retail sales are expected to continue on their downward trend in the next three quarters.
Business
1 answer:
gizmo_the_mogwai [7]4 years ago
5 0

Answer:

The government needs to revamp the Social Security program to make it sustainable.

Explanation:

A normative economic statement is always a suggestion for the economy, whereas a descriptive economic statement is a statement providing information, as it states the facts and do not provide any suggestion.

Here, in given instance the statement,

Government needs to improve or form the Social Security Program, so that the program is sustainable, is a suggestion and not a fact.

Thus, it is a normative economic statement.

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Intangible Assets and Goodwill: Amortization and Impairment In early 2011, Bowen Company acquired a new business unit in a merge
lianna [129]
I thinks the answer is 400,000 jp I jags need more answers
6 0
3 years ago
Lillypad Toys is a manufacturer of educational toys for children. Six months ago, the company's research and development divisio
Reptile [31]

Answer:

Option A; INCREASED COMPETITION FROM IMITATORS.

Explanation:

Innovation occurs only when something is entirely new, having never been done before. Innovation also exist when something which may have been done elsewhere is done for the first time in a given industry.

On the other hand, when other competitors in the same industry subsequently copy the innovator, even though it is something new for them, then it is imitation.

When a company comes out with a new product, its competitors typically go on the defensive, doing whatever they can to reduce the odds that the offering will eat into their sales. Responses might include: cranking up marketing efforts, offering discounts to channel partners and even lobbying for regulations that would hinder the rival's expansion.

Therefore, Lilypad's managers should prepare for INCREASED COMPETITION FROM IMITATORS next.

7 0
3 years ago
Julie has just retired. Her company's retirement program has two options as to how retirement benefits can be received. Under th
olchik [2.2K]

Answer:

First option will be recommended.

Explanation:

To determine which option to be taken, we calculate the net present value each option generates. The option generating higher NPV should be recommended.

- Net present value of first option = Lump sum receipt = $150,000.

- Net present value of second option will be found by discounting cash flows at investing rate 12% and calculated as followed:

 +  Present value of 20 equal annual payment of $14,000 + Present value of $60,000 paid in 20 years = (14,000/12%) x [ 1 - 1.12^(-20)] + 60,000/1.12^20 = $110,792.

As net present value of the first option is higher than the second option, first option will be recommended.

8 0
3 years ago
Flex Co. uses a periodic inventory system. The following are inventory transactions for the month of January: 1/1 Beginning inve
Radda [10]

Answer:

The total cost of goods sold =  $37,500

Explanation:

Given:

Beginning inventory = 10,000 units at $3

Purchase inventory = 5,000 units at $4

Purchase inventory = 5,000 units at $5

Sale inventory = 10,000 units at $10

Total inventory units = [10,000 + 5,000 +5,000]

Total inventory units = [20,000]

Total Cost of inventory units = [(10,000×$3) + (5,000×$4) + (5,000×$5)]

Total Cost of inventory units = [$30,000 + $20,000 + $25,000]

Total Cost of inventory units = [$75,000]

Average price per unit = Total Cost of inventory units / Total inventory units

Average price per unit = $75,000 / 20,000

Average price per unit = $3.75

The total cost of goods sold = 10,000 units sold × $3.75

The total cost of goods sold =  $37,500

3 0
3 years ago
Employees at Border Bookstores, a chain of bookstores, recently held a strike to force their employer to negotiate a labor contr
vladimir2022 [97]

The question is incomplete, it lacks options.

A) Norris La Guardia Act

B) National Labor Relations Act

C) Occupational Safety and Health Act

D) Fair Labor Standard Act

Answer:

National Labor Relations Act

Explanation:

The National Labor Relations Act was enacted in 1935. It is also known as the Wagner Act. This law enacted to enable employees in various organizations to organize different forms of trade union and collectively bargain with their employers.

The National Labor Relation Acts enables employees to bargain for an increase in salary, better working conditions such a provision of safety equipments for workers in a work environment.

6 0
3 years ago
Read 2 more answers
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