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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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If stock prices are expected to drop dramatically, then, other things equal, the demand for stocks will ________ and that of tre
SashulF [63]

Hello there

the answers are

decrease

and

increase

hope this helps


5 0
3 years ago
Paul White, the CFO of Crane Automotive, Inc., is putting together this year's financial statements. He has gathered the followi
IrinaVladis [17]

Answer: $170,421

Explanation:

Using the Accounting equation;

Assets = Liabilities + Equity

Assets = Cash + Inventory + Goodwill and other assets + Net plant and equipment + Accounts receivable + Other current assets

= 23,015 + 212,300 + 78,656 + 713,500 + 141,258 + 11,223

= $1,179,952

Equity

= Common stock + Retained earnings

= 313,000 + 512,159

= $‭825,159‬

Liabilities = Assets - Equity

Current Liabilities + Long term debt = Assets - Equity

Long term debt = Assets - Equity - Current Liabilities

= 1,179,952 - ‭825,159‬ - (163,257 + 21,115)

= $170,421

6 0
3 years ago
In 2003, several investment banking firms were fined $1.4 billion for ethics abuse related to the underwriting process. will thi
Mkey [24]
This can be a deterrent for engaging in practices that are ethically wrong during underwriting process.
Knowing that they could be fined large amount of money if found to be engaging in acts that ethically incorrect will serves to discourage investment banking firms from such acts.<span />
3 0
3 years ago
Regarding the effects of coaching on standardized test scores, which of the following statements is most representative of curre
Alenkasestr [34]

The correct answer is choice a, coaching can lead to 100-point gains if the quality of coaching is high.

Current research has been published by the College Board indicating that students using a high quality coaching program can increase their standardized test scores by over 100 points.

8 0
3 years ago
July 1 Sold $21,200 of computers to Company with terms 3/15, n/60. Riverbed uses the gross method to record cash discounts. Rive
Setler79 [48]

Question is incomplete. I will try to answer to the best of my ability.

Answer and Explanation:

The credit terms '3/15, n/60' and '2/10, n/30' mentioned in the question signifies the terms in which riverbed has sold its product to the buyer.

3/15, n/60 means that if the buyer pays with 15 days since the transaction takes place then the buyer would receive 3% on the receivable.

However, if they fail to pay within 15 days then the buyer would have to pay the full amount within 60 days.

Similarly, 2/10, n/30 means 2% discount within 10 days since the transaction took place. Otherwise full payment after 10 day.

4 0
3 years ago
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