Answer:
136.30 million
Explanation:
Total Labor force = Total of the Unemployed + Total of the Employed
Total Labor force = 129.6 million + 6.7 million
Total Labor force = 136.30 million
So, the total labor force in millions in the economy for 1997 equals 136.30 million
Answer: Positive and Normative
Explanation:
Positive economic analysis is basically something that is based on actual facts and cannot be approved or disapproved through views or opinions of others.
Whereas, normative economic analysis is something that focuses on the measure of how the policy is, whether good or bad or the way it should be or should become etc.
Rent control and federal farm programs are positive economic analysis. Its a fact.
Whether it is bad or good is normative economic analysis because you're able to value its fairness.
Answer:
d. One defect of the IRR method versus the NPV is that the IRR does not take proper account of differences in the sizes of projects.
CORRECT As the project yields over time can differ. This generates that projects with a lower IRR can achieve a higher NPV at lower rates.
There is a crossover point after which a projects NPV are equal and from there the one with higher IRR obtains better NPV
Explanation:
a. One defect of the IRR method versus the NPV is that the IRR does not take account of the time value of money.
FALSE both method consider time value of money
b. One defect of the IRR method versus the NPV is that the IRR does not take account of the cost of capital
FALSE The IRR can be compared against the cost of capital to indicate wether or not a project should be preferable
.c. One defect of the IRR method versus the NPV is that the IRR values a dollar received today the same as a dollar that will not be received until sometime in the future.
FALSE IRR considers the time value of money
e. One defect of the IRR method versus the NPV is that the IRR does not take account of cash flows over a project's full life.
FALSE it considers all the cash flows over the project's full life.
Answer:
$5,000
Explanation:
Stockholders Equity Includes the Add-in-capital par value, Add-in-capital excess value of Common and Preferred, Net income accumulated value and dividends.
Ending Stockholders Equity = Beginning Stockholders Equity + Income for the period - Dividend paid During the period
As first year of Operation the value of stockholders equity is considered as $0
Ending Stockholders Equity = $0 + ($60,000 - $33,000) - $22,000
Ending Stockholders Equity = $27,000 - $22,000
Ending Stockholders Equity = $5,000
Answer:
If the hospital underestimated its bad debt, that means that they are overestimating their profits. The cash flow is determined using the income statement, so it will also be overestimated. But at some point reality will catch up and the actual cash flow will be less than expected, since bad debts reduce actual revenue.
