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a_sh-v [17]
3 years ago
7

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

hat "high school graduates should all proceed to college":_________.a. Both Matt's and Jean's statements are normative b. Matt's statement is normative while Jean's statement is positive c. Both Matt's and Jean's statements are positive d. Matt's statement is positive while Jean's statement is normative
Business
1 answer:
lianna [129]3 years ago
7 0

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.

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Bradford Company had sales of $700,000 for a year. The total assets at the beginning of the year were $240,000, and the total as
11111nata11111 [884]

Answer:

Option (a) is correct.

Explanation:

Given that,

Sales = $700,000

Beginning total assets = $240,000

Ending total assets = $280,000

The asset turnover ratio refers to the ratio of sales to the average total assets.

Average total assets:

= (Beginning total assets + Ending total assets) ÷ 2

= ($240,000 + $280,000) ÷ 2

= $260,000

Therefore, the asset turnover ratio is as follows:

= Sales ÷ Average total assets

= $700,000 ÷ $260,000

= 2.69

7 0
3 years ago
20 points easy …………………….
dlinn [17]

Answer:

D.....................................

7 0
2 years ago
A foreign company has offered to buy 75 units for a reduced sales price of $320 per unit. The marketing manager says the sale wi
belka [17]

Answer:

an increase in the operating income by $16,322

Explanation:

The computation of the impact in the operating income is given below:

Variable cost of 75 units (1300000 × 75 ÷ 12700)   7,678

Sale price of 75 units (75 × 320)  24,000

Increase in operating income (24000 - 7678)   $16,322

hence, the impact in the operating income is that there is an increase in the operating income by $16,322

4 0
3 years ago
You currently have $5,400. First United Bank will pay you an annual interest rate of 8.9, while Second National Bank will pay yo
IRISSAK [1]

Answer:

Second National  Bank

Present value (PV) = $5,400

Future value (FV) = $13,900

Interest rate (r) = 10% = 0.10

FV = PV(1 + r)n

$13,900 = $5,400(1 + 0.10)n    

<u>$13,900</u> = (1.10)n

$5,400            

2.574074074 = (1.10)n

Log 2.574074074 = n  log 1.10

<u>Log 2.574074074</u> = n  

Log 1.10                  

n =  9.9 years      

None of the answers is correct                                                                                                                                                          

Explanation:

In this case, we will apply the formula of future value of a lump sum. The present value, interest rate and future value were provided with  the exception of number of years. Thus, the number of years becomes the subject of the formula. The future value equals present value, multiplied                     by 1 plus interest rate, raised to power number of years.                                                                                                                                                                                                        

8 0
3 years ago
Your savings account is currently worth $1,200. The account pays 5 percent interest compounded annually. How much will your acco
Flura [38]

Answer:

$2,010  

Explanation:

The future value of the savings account in 6 years can be computed using the below future value formula:

FV=PV*(1+r)^n

FV=unknown future amount

PV=current worth of the savings account=$1,200

r=annual interest rate=5%

n=number of years envisaged=6

FV=$1,500*(1+5%)^6

FV=$1,500*(1.05)^6

FV=$1,500*1.3400956  

FV=$2,010  

7 0
3 years ago
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