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padilas [110]
3 years ago
5

positive economics ______ value judgments, tries to establish ______ statements about economic behavior, and deals with ______ e

conomic events.
Business
1 answer:
MrRissso [65]3 years ago
4 0

There are people who have different opinions from one another. Positive economics <u>avoids </u>value judgments, tries to establish <u>scientific </u>statements about economic behavior, and deals with actual economic events.

<h3>What is a positive economic statement? </h3>

A Positive economics is known to be a statement that is objective in nature and fact-based. In this kind of statements, they are often straight to the point, , descriptive, and can be measured.

These statements are often measured against all forms of tangible facts or historical scenarios.  

Conclusively, Positive statements are regarded as statements about economics that one can proven if true or false through the use of evidence.

Learn more about positive economic statement from

brainly.com/question/14300080

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What is a collateral
Vlad [161]

NOUN

something pledged as security for repayment of a loan, to be forfeited in the event of a default

ADJECTIVE

additional but subordinate; secondary.

7 0
3 years ago
Read 2 more answers
As part of her retirement planning, Mrs. Campbell purchases an annuity that pays compounded quarterly. If the quarterly payment
melisa1 [442]

Answer: $88289.8

Explanation:

Here's the complete question:

As part of her retirement planning, Mrs. Campbell purchases an annuity that pays 9.5% compounded quarterly. If the quarterly payment is $3,500, how much will Mrs. Campbell have saved in 5 years?

The future value of an annuity will be calculated using the formula:

= A((1+r)^n)-1)/r

Where,

A = the annuity payment = 3500

r = the interest rate = 9.5% compounded quarterly = 9.5% / 4 = 0.095 / 4 = 0.2375

n = the number of time periods = 4 × 5 = 20

We then substitute the values and we will get:

= A((1+r)^n)-1)/r

= 3000 × (1.02375^20-1) / 0.02375

= $88289.8

7 0
3 years ago
The following is the adjusted trial balance for Nadia Company. Nadia Company Adjusted Trial Balance December 31 Account No. Debi
muminat

Answer:

Net Income = $2,980

Statement of owner's equity = $15,280

Total Assets = $19,050

Total Liabilities = $3,770

Explanation:

Requirement A) Income Statement

                                 Nadia Company

                               Income Statement

                For the Year Ended December 31, 20X9

Revenues:                                        $                               $

Fees Earned                                                                 10,930

Expenses:

Wages expense                           2,450

Rent expense                               1,900

Utilities expense                           1,475

Depreciation Expense                  1,150

Miscellaneous Expense            <u>      975</u>

Total Expenses                                                         <u>     </u><u>(7,950)</u>

Net Income                                                                <u>    2,980</u>

Nadia company's total revenue exceeds the total expenses, therefore, the company earns a net income of $2,980.

Requirement B) Statement of owner's equity

                                        Nadia Company

                                Statement of Owner's Equity

                      For the Year Ended December 31, 20X9

           Particulars                                               $

Beginning Capital                                           10,000

Add: Additional investment (Capital)              3,000

Add: Net income for the year                          <u>2,980</u>

                                                                        15,980

Less: Drawings                                                 <u>   700</u>

Capital, December 31 (Ending Capital)        <u>  15,280</u>

The amount of $15,280 is the total owner's equity for the company. The company will this amount in the balance sheet as well.

Requirement C) Balance Sheet

                                        Nadia Company

                                         Balance Sheet

                                  As At December 31, 20X9

Particulars                                         $                               $

                              Assets

<u>Current Assets</u>

Cash                                                5,130

Accounts Receivable                     3,300

Prepaid Expenses                            420

Total Current Assets                                                      8,850

<u>Property, Plant, and Equipment</u>

Equipment                                       12,400

Less: Accumulated Depreciation  (2,200)

Total Property, Plant, and Equipment                    <u>     </u><u>10,200</u>

Total Assets                                                                    19,050

           Liabilities & Owner's Equity

                          Liabilities

Current Liabilities

Accounts Payable                               700

Notes Payable (Short-term)        <u>     3,070</u>                              

Total Liabilities                                                                 3,770

                      Owner's Equity

Owner's Equity (From requirement B)                  <u>        15,280</u>

Total liabilities and owner's equity                              19,050

Therefore, <em>Total Assets = Total Liabilities + Owner's Equity</em>

5 0
3 years ago
Suppose portable radios can be imported at a world price of $10 per radio. If trade were unencumbered, what would the new market
Harman [31]

Answer:

Domestic demand: Q = 5,000 – 100P; Supply: Q = 150P

At equilibrium, demand equals supply.

5,000 – 100P = 150P

250P = 5,000

P = 5,000/250

Equilibrium price (P) = $20

Substituting P in demand equation:

Q = 5,000 – (100*20)

Equilibrium quantity (Q) = 3,000 portable radio would be imported

6 0
3 years ago
Under the perpetual inventory system, in addition to making the entry to record a sale, a company would A. make no additional en
mr_godi [17]

Answer:

D)record a decrease in inventory and an increase in cost of goods sold for the cost of the merchandise sold.

Explanation:

perpetual inventory system can be regarded as an inventory management method which involves the recording of real time transaction of stocks by application of technology , both sold and received stocks. This method has great efficiency compare to periodic inventory system. It should be noted that Under the perpetual inventory system, in addition to making the entry to record a sale, a company would record a decrease in inventory and an increase in cost of goods sold for the cost of the merchandise sold.

5 0
3 years ago
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