Answer:
C. budget
Explanation:
Based on the information provided within the question it can be said that it seems that she realizes the importance of developing a budget. This refers to (like mentioned in the question) allocating what is necessary, either being money or resources, from other places towards where they are needed in order to achieve the goals that have been set.
When price increases by 10 percent, the quantity supplied increases by nine percent.
<h3>What is the percentage increase in the quantity supplied?</h3>
Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good. Price and quantity supplied have a positive relationship.
If the value of the price elasticity of supply is less than one, it means that supply in inelastic. Supply is inelastic if a small change in price has little or no effect on quantity supplied.
Price elasticity of supply = percentage change in quantity supplied / percentage change in price
percentage change in quantity supplied = percentage change in price X price elasticity of supply
0.9 x 10 = 9%
To learn more about supply elasticity, please check: brainly.com/question/26634801
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Explanation:
The Journal entry is given below:-
1. Purchase Dr, $1,280
To cash $1,280
(being merchandise is purchased)
2. Cash Dr, $115
To Purchase return $115
(Being merchandise is returned)
3. Purchase Dr, $668
Freight In Dr, $43
To Account payable $771
(being Purchase on credit)
4. Account payable $50
To Purchase return $50
(Being purchase return is recorded)
5. Account payable $661
To cash $661
(Being cash is paid)
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.