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anastassius [24]
3 years ago
10

Ben says that "an increase in the tax on beer will raise its price." Holly argues that "taxes should be increased on beer becaus

e college students drink too much." We can conclude that:_________
A. Ben's statement is normative, but Holly's is positive.
B. Holly's statement is normative, but Ben's is positive.
C. Both statements are normative.
D. Both statements are positive.
Business
1 answer:
Grace [21]3 years ago
7 0

Answer:

B. Holly's statement is normative, but Ben's is positive.

Explanation:

Positive statements are based on objective deduction of what is, or was. It is based on facts. Ben's comment "an increase in the tax on beer will raise its price", is an example of positive statement.

Normative statements are subjective and based on individual values and judgement. In her statement Holly appears to be biased against drinking much. She says "taxes should be increased on beer because college students drink too much." Is a normative statement.

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Shontelle owns an apartment house that has an adjusted basis of $760,000 but is subject to a mortgage of $192,000. She transfers
emmainna [20.7K]

Answer:

Realized gain of Shontelle = $332000

Explanation:

given data

adjusted basis = $760,000

mortgage = $192,000

receives cash = $120,000

fair market value = $780,000

to find out

What is Shontelle realized gain or loss

solution

we find here first Realized gain that is express as

Realized gain = Amount realized - Adjusted basis     ..................1

so here Amount realized = (receives cash  + fair market value + mortgage)

Amount realized = (120000 + 780000 + 192000)

Amount realized = 1092000

so from equation 1

Realized gain = Amount realized - Adjusted basis  

Realized gain = 1092000 - 760000

Realized gain =  $332000

so we can say that

Realized gain of Shontelle = $332000

3 0
3 years ago
You are planning to place an ad in a local newspaper. The size of the ad is 5 inches long by 4 columns wide. The newspaper's rat
Darya [45]
If you are planning to place an ad in a local newspaper with a size of 5 inches long by 4 columns wide and the newspaper's rate per column inch is $18, the ad will cost $360.

Solution: <span>5 inches x 4 columns = 20
               20 column inch x $18 = $360</span>
8 0
3 years ago
A group of 10 people have the following annual incomes: $24,000, $18,000, $50,000, $100,000, $12,000, $36,000, $80,000, $10,000,
gogolik [260]

Answer:

48.65%

Explanation:

Given Income are written in increasing order

First Quintile        10,000  12,000

Second Quintile  16,000   18,000

Third Quintile      24,000  24,000

Fourth Quintile    36,000  50,000

Fifth Quintile        80,000  100,000

                                                           Total Income   % share

First Quintile        10,000  12,000         22,000           5.95

Second Quintile  16,000   18,000         34,000           9.19

Third Quintile      24,000  24,000         48,000          12.97

Fourth Quintile    36,000  50,000        86,000          23.24

Fifth Quintile        80,000  100,000      <u>180,000</u>         <u>48.65</u>

Total income in the economy              <u>370,000</u>         <u>100%</u>

The percentage of the total income of the highest quintile is 48.65%

4 0
2 years ago
Ruth runs a bread store. Her store's supply is highly elastic. What will Ruth do when the price of bread falls?
I am Lyosha [343]

Answer:

D

Explanation:

If there is more bread for a low price more people will come.

I did this before.

P.S.S Please press the crown if you will.

5 0
2 years ago
When gathering informatin about an industry pay attention to whether it is a growth industry what does this mean
Pavel [41]

Answer:

there are mainly two types of industries that we can identify based on their nature. One is new and growing industries and other is established and mature industries.

when we analyze a particular company in a certain industry or analyzing a particular industry in an economy, we have to understand if it is a new and and growth industry of a matured industry as the growth, volatility and risks in these industry type change rapidly depending on which industry we are looking at.

Growth industries can be simply described as new and industries that did not exist previously.

Explanation:

7 0
3 years ago
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