Answer:
Positive statement
Positive statement
normative statement
normative statement
Explanation:
Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.
For example, the statement - the lack of effective regulation contributed to a risk-seeking culture in the financial services industry- can be test empirically
Normative economics is based value judgements, opinions and perspectives. For example, the statement - Central banks should have imposed tighter regulations on banks to prevent the financial crisis- is based on opinion. Everyone would have an opinion on what the Central bank should have done
Answer:
A receivable.
Explanation:
Mild Max Cycles had a notes receivables, which it already discounted with some financial institution, which later on the maturity date stand to be dishonored.
It is clear that the company earlier already collected the money against it, but now as the note receivable was discounted with recourse that is it provided assurance to the financial institution, in case of any failure, thus, the company will pay back to the financial institution and that the company still have the right to receive it back from the note receivable.
Answer:
Is part of the local university culture which shows people's expectation.
Explanation:
These are cultural implications on the decision of giving three chances to retake exams. Cultural implications are much more prominent in the UK where companies have to respect the cultural values of people. If we study about UK constitution we will find that it is not in the written format. When the CEO of Sony (USA) was appointed who was from Japan their was a warm welcome in his office. But after a month there was a strike witnessed because the CEO used to make decisions with an attitude which was a culture in Japan but was unacceptable in USA.
Answer: a. 12.5%
b. -16.67%
c. 5.88%
Explanation:
a. Energy Change will be:
(Production x 12)/Energy
Last year : (1500 × 12)/3200
= 5.625loaves/BTU
Now : (1500 × 12)/2800
= 6.42857 loaves/BTU
Percent Change will be:
= [6.42857 - 5.625]/6.42857 × 100
= 12.5%
b. Capital productivity increase will be:
= Production x 12)/Capital investment
Last year : (1500 × 12)/15000
= 1.2loaves/BTU
Now : (1500 × 12)/18000
= 1 loaves/BTU
Percent Change will be:
= (1-1.2)/1.2 × 100
= -16.67%
b. Labor Change:
Last year : (1500 × 12)/340
= 52.94 loaves/labor hour
Now : (1500 × 12)/320
= 56.25 loaves/labor hour
Percent Change:
= (56.25 - 52.94/56.25) × 100
= 5.88%
