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shtirl [24]
3 years ago
10

The government should extend the duration of unemployment benefits to those workers who lost their jobs due to outsourcing. This

statement is best described as:_________ a) an example of marginalism. b) an example of the fallacy of composition. c) a normative statement. d) a positive statement
Business
1 answer:
AlladinOne [14]3 years ago
8 0

Answer:

Option D                      

Explanation:

A positive or explanatory statement in the humanities and psychology is about what "is," "was" or "will be," and does not involve any impression of acceptance or rejection.

The positive explanation is supported by empirical evidence. For eg, "A rise in taxes would lead to less usage" and "A decrease in fuel production would cause an increase to its value."

Positive assumptions are commonly used to explain the observable, such as the inflation rate in a country. These are primarily used to explain hypotheses and principles.

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Denzel Brooks opened a Web consulting business called Venture Consultants and completes the following transactions in March Marc
san4es73 [151]

Answer:

1. Prepare general journal entries to record these transactions using the following titles:

March 1

Dr Cash (101) 175,000

Dr Office Equipment (163) 26,000

    Cr Common Stock (307) 201,000

March 2

Dr Prepaid Rent (131) 6,000

    Cr Cash (101) 6,000

March 3

Dr Office Equipment (163) 3,800

Dr Office Supplies (124) 2,200

    Cr Accounts Payable (201) 6,000

March 6

Dr Cash (101) 4,500

    Cr Services Revenue (403) 4,500

March 9

Dr Accounts Receivable (106) 10,900

    Cr Services Revenue (403) 10,900

March 12

Dr Accounts Payable (201) 6,000

    Cr Cash (101) 6,000

March 19

Dr Prepaid Insurance (128) 6,400

    Cr Cash (101) 6,400

March 22

Dr Cash (101) 4,000

    Cr Accounts Receivable (106) 4,000

March 25

Dr Accounts Receivable (106) 5,330

    Cr Services Revenue (403) 5,330

March 29

Dr Dividends (319) 5,400

    Cr Cash (101) 5,400

March 30

Dr Office Supplies (124) 1,700

    Cr Accounts Payable (201) 1,700

March 31

Dr Utilities Expense (690) 1,400

    Cr Cash (101) 1,400

2. Post the journal entries from part 1 to the ledger accounts.

Account      Description                                  Debit         Credit

101               Cash                                           175,000

                                                                                           6,000

                                                                          4,500

                                                                                           6,000

                                                                                           6,400

                                                                          4,000

                                                                                           5,400

<u>                                                                                             1,400  </u>

101               Cash                                           158,300

106              Accounts Receivable                 10,900        

                                                                                           4,000

<u>                                                                          5,330                     </u>

106              Accounts Receivable                 12,330

124              Office Supplies                            2,200

<u>                                                                          1,700                        </u>

124              Office Supplies                            3,900

128              Prepaid Insurance                       6,400

131               Prepaid Rent                                 6,000

163              Office Equipment                        26,000

<u>                                                                            3,800                      </u>

163              Office Equipment                        29,800

201              Accounts Payable                                              6,000

                                                                           6,000

<u>                                                                                                 1,700    </u>

201              Accounts Payable                                               1,700

307             Common Stock                                               201,000

319              Dividends                                       5,400

403             Services Revenue                                              4,500

                                                                                              10,900

<u>                                                                                                 5,330    </u>

403             Services Revenue                                             20,730

690             Utilities Expense                            1,400

3. Prepare a trial balance as of April 30.

Account      Description                                  Debit         Credit

101               Cash                                           158,300

106              Accounts Receivable                  10,900        

106              Accounts Receivable                  12,330

124              Office Supplies                             3,900

128              Prepaid Insurance                        6,400

131               Prepaid Rent                                 6,000

163              Office Equipment                        29,800

201              Accounts Payable                                               1,700

307             Common Stock                                               201,000

319              Dividends                                       5,400

                   Retained earnings                                             11,000

403             Services Revenue                                             20,730

690             Utilities Expense                            1,400

<u>                                                                                                                 </u>                

TOTAL                                                           234,430       234,430                                              

6 0
3 years ago
A salesperson working for Broker A sells a $150,000 home listed with another brokerage. The listing commission is 6.5 percent of
Taya2010 [7]

Answer:

She is entitled to $3,217.5

Explanation:

First the amount the brokers and sales person are interested in is 6.5% of the selling price ($150,000). so calculating 6.5% of the selling price;

6.5% = 6.5/100 = 0.065

∴ 6.5% of $150,000 = 0.065 × 150,000 = $9,750

Next, we are interested in the cooperating broker (Broker A), who the sales person works for. Note that a cooperating broker is the broker who facilitates a real estate transaction, along with a listing broker who listed the property, and in this case the listing broker is Broker A, who the sales person works for.

We are told that the cooperating broker takes 60% of the listing commission ($9,750);

Therefore, 60% of $9,750 = 0.6 × 9,750 = $5,850

Next, we are also told that out of this amount, the sales person is responsible for 55% of the listing commission entering the cooperate broker's office;

Therefore, 55% of $5,850 = 0.55 × 5,850 = $3,217.5

Therefore the sales person is entitled to $3,217.5

8 0
3 years ago
Which is not an example of a behavior exhibited in a market economy?
Diano4ka-milaya [45]

Answer: market economy’s do not have government interference in businesses

Explanation:

5 0
3 years ago
You establish a straddle on Fincorp using September call and put options with a strike price of $80. The call premium is $7.00 a
Nina [5.8K]

Answer: $15.50

Explanation:

From the question, we are informed that someone establish a straddle on Fincorp using September call and put options with a strike price of $80 and that the call premium is $7.00 and the put premium is $8.50.

The most that can be lose on this position will be the addition of the call premium and the put premium. This will be:

= $7.00 + $8.50

= $15.50

6 0
3 years ago
The risk-free rate of return is 5.5%, the expected rate of return on the market portfolio is 17%, and the stock of Xyrong Corpor
Katen [24]

Answer:

1. $12.31

2. -11.96%

Explanation:

a) Calculation to determine the intrinsic value of a share of Xyrong stock

First step is to calculate the Required Return

Using this formula

Required Return = Risk-free Rate + [Beta * (Expected Market Return - Risk-free Rate)]

Let plug in the formula

Required Return= 5.5% + [2.7 * (17% - 5.5%)]

Required Return= 5.5% + 31.05% = 36.55%

Second step is to calculate g using this formula

g = ROE * (1 - Payout Ratio)

Let plug in the formula

g= 18% * (1 - 0.25)

g= 13.5%

D0 = EPS0 * Payout Ratio = $10 * 0.25 = $2.50

P0 = [D0 * (1 + g)] / [r - g]

= [$2.50 * (1 + 0.135)] / [0.3655 - 0.135]

= $2.8375 / 0.2305 = $12.31

b). Holding Period Return = [P1 + D1 - P0] / P0

= [$8 + $2.8375 - $12.31] / $12.31 = -$1.4727 / $12.31 = -0.1196, or -11.96%

8 0
3 years ago
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