Im 19 year old and i am a driver can i carry passengers in my car. I live in California

Matt observes that "there is a high correlation between educational attainment and the level of income." Jean concurs and adds t

lianna [129]

Answer:

d. Matt's statement is positive while Jean's statement is normative

Explanation:

A positive statement can be defined as any statement that is typically based on empirical evidence and as such can be tested, proven and verified. Also, a positive statement can be amended or rejected based on evidences that are available.

On the other hand, a normative statement can be defined as any statement that can't be tested, proven or verified because it is judgmental and based on opinions.

In this scenario, Matt observes that "there is a high correlation between educational attainment and the level of income." Jean concurs and adds that "high school graduates should all proceed to college"

Hence, Matt's statement is positive because it is an observation based on empirical evidence while Jean's statement is normative because it's simply his opinion or a value judgment.

7 0

2 years ago

Statement of Cash Flows—Indirect Method

GaryK [48]

Answer:

Statement of Cash Flows

Cash flow From Operating Activities

Net income $524,580

Adjustment for Non Cash Items :

Depreciation expense - buildings $51,660

Depreciation expense - machinery and equipment $22,680

Patent amortization $5,040

Adjustments for Changes in Working Capital Items :

Increase in Accounts receivable -$73,080

Decrease in Inventories $134,680

Increase in Prepaid expenses -$6,400

Decrease in Accounts payable -$89,600

Net Cash From Investing Activities $569,540

Cash flow From Investing Activities

Buildings -$579,600

Net Cash From Investing Activities -$579,600

Cash flow From Financing Activities

Mortgage Note $224,000

Dividends Paid -$123,480

Net Cash From Financing Activities $100,520

Movement during the year $82,320

Cash and Cash Equivalents at beginning of the year $360,920

Cash and Cash Equivalents at end of the year $443,240

Explanation:

For Determination of Dividends Paid, open a Dividends Paid Account as follows :

Debit:

Cash (Balancing figure) 123,480

Balance c/d 32,760

Totals 156,240

Credit

Balance b/d 25,200

Dividends Declared 131,040

Totals 156,240

8 0

3 years ago

You can learn everything you need to know about a company during an interview.

Airida [17]

Answer:

I think it would false hope this helps

6 0

3 years ago

Read 2 more answers

Pump prices slide as crude oil falls to six-year low The average price for regular gasoline at U.S. pumps fell almost 4 cents i

max2010maxim [7]

Answer:

lower the cost of producing gasoline and increase the supply of gasoline

Explanation:

Crude oil is an input needed in the production of gasoline. If the price of crude oil falls, it would become cheaper to make gasoline and therefore the supply of gasoline would increase.

5 0

3 years ago

You are considering an investment in fields and struthers, Inc, and want to evaluate the firm's free cash flow From the income s

kirill [66]

Answer:

A.) $81,100,000

B.) $64,000,000

C.) $17,100,000

Explanation:

EBIT = $90 million

Tax rate = 21%

Depreciation = $10 million

gross fixed assets increased by $56 million

current assets increased by $44 million

current liabilities increased by $36 million

A.) Operating Cash flow for 2021

EBIT + Depreciation - (EBIT × Tax rate)

$90, 000,000 + 10,000,000 - (90,000,000×0.21)

100,000,000 - (18,900,000) = $81,100,000

B.) Investment in Operating capital for 2021:

Increase in gross fixed asset + (increase in current asset - increase in liability)

$56,000,000 + ( $44,000,000-$36,000,000)

= $56,000,000 + $8,000,000

= $64,000,000

C.) Free cash flow

Operating Cash flow - investment in operating

$81,100,100 - $64,000,000 = $17,100,000

3 0

2 years ago