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4 years ago

The difference between positive economic statements and normative economic statements is that______.

Business

1 answer:

Trava [24]4 years ago

8 0

Answer:

Positive economic statements refers to the statements which are normally fact based, precise and easily measurable. For example, education facilities provided by the government increases the public expenditure. This is a fact based statement and the value of this statement is not judged. It can be proven by researching about the education facilities provided by the government.

Normative economic statements refers to the statements which are value based and opinion oriented. These statements includes the people desirability, feelings, situations, economic development. The basic aim of these statements is summarize the people's wants into the programs and the economic development by asking various questions.

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Suppose a three period weighted average is being used to forecast demand. Weights for the periods are as follows: 0.1, 0.4 and 0

nika2105 [10]

Answer:

$143

Explanation:

The computation of the demand forecast is shown below:

= Weightage × demand observed + Weightage × demand observed + Weightage × demand observed

= 0.1 × 120 + 0.4 × 140 + 0.5 × 150

= $12 + $56 + $75

= $143

Basically we multiplied the weighatge with its demand observed so that the demand forecast could come

7 0

3 years ago

TRN sold $40,000, of goods and accepted the customer's $40,000 10%, 1-year note payable in exchange. Assuming 10% approximates t

drek231 [11]

Answer:

b. $2,000

Explanation:

The computation of the interest amount is shown below:

= Sale value of goods × rate of interest × (number of months ÷ total number of months in a year)

= $40,000 × 10% × (6 months ÷ 12 months)

= $2,000

The 6 months is calculated from June 30 to December 31.

So, the b option is correct and rest options are wrong.

6 0

3 years ago

The necessity of marketing and advertising for any business

tekilochka [14]

Answer:

Marketing is important because it helps you sell your products or services, by advertising your business you are showing more people about it

Explanation:

4 0

3 years ago

If $5000 is invested at an interest rate of 4% each year, what is the value of the investment in 5 years? write an exponential f

Alex Ar [27]

The compound interest amount after 5 years be $6,083.26.

<h3>What is compound interest?</h3>

Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit.

Compound interest is when you receive interest on both your interest income and your savings.

If this value was compounded in 5 years, then we are going to utilize the compound interest formula to solve it.

$A = p(1+r)^n$

Where A be the amount accumulated for the entire period.

p be the Money invested

r be the Interest rate per year

n be the period the money was invested.

$A = 5000(1+4/100)^5$

The exponential function is

$A=5000*1.04^5$

= 5000 $*$ 1.216652902

= 6,083.264512

The amount after 5 years be $6,083.26

The compound interest amount after 5 years be $6,083.26.

To learn more about compound interest refer to:

brainly.com/question/24274034

#SPJ4

4 0

2 years ago

Assume that the City of Juneau maintains its books and records to facilitate the preparation of its fund financial statements. T

ra1l [238]

Answer:

Debit Expenses $90,000; credit Accrued wages and salary $90,000

Explanation:

If we assume that the City of Juneau maintains its books and records to facilitate the preparation of its fund financial statements. The employees paid from the general fund had earned $90,000 on Monday, Tuesday, and Wednesday (June 28, 29, and 30).

The entry, if any, should be made in the city’s general fund on June 30 is to: Debit Expenses $90,000; credit Accrued wages and salary $90,000

The amount has been incurred in the month but has not been paid hence it has to be captured as expenses for the month of June while the double entry will be that the amount is captured as accrued wages signifying that it has not been paid within the period it was incurred

5 0

3 years ago

Read 2 more answers