true or false: positive economics encourages value judgments.
The statement "positive economics encourages value judgments." is False because Instead of relying on subjective assessments, positive economists look at hard evidence. This is further explained below.
What is positive economics?Generally, positive economics is simply defined as Positive economics seeking to provide an unbiased evaluation of the field. This entails looking into the past as opposed to the present situation.
In conclusion, a value judgment is one's opinion of something's quality according to one's own criteria and weightings.
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Because successive units of a good produce less and less additional satisfaction, the price must fall to encourage a buyer to purchase more units of the good. This statement is most consistent with which explanation for the law of demand? Multiple Choice diminishing marginal utility the rationing function of prices the income effect the substitution effect
The above statement is most consistent with the diminishing marginal utility.
What is diminishing marginal utility?Diminishing marginal utility refers to the decline in additional satisfaction derived from the consumption of more and more units of goods.
Hence, the above statement is most consistent with the diminishing marginal utility.
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g In order to increase the responsiveness of a forecast made using the moving average technique, the number of data points in the average should be:
In order to increase the responsiveness of a forecast made using the moving average technique, the number of data points in the average should be: A. decreased
What is a Forecast?This refers to the prediction about a particular thing that is to occur in the future based on available data or inference.
Hence, we can see that based on the use of the moving average technique when increasing the responsiveness of a forecast, there must be a decrease in the average of the data points because fewer data points result in more responsive moving averages.
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Which company was formerly known as the computing-tabulating-recording company? ibm.
The company formerly known as the computing-tabulating-recording company was IBM.
Who founded IBM?
CTR company was replaced by IBM in the year 1889 and was founded by Herman Hollerith at the end of the 1800s.
IBM was incorporated as a computing-tabulating-recording company in the year 1911.
It was a merger of three minor entities namely, a computing company, tabulating company, and a recording company that was engaged in the manufacturing of punch-card tabulators and various other products.
Therefore, IBM was formerly known as a computing-tabulating-recording company (CTR).
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Depreciation by two methods
a computer system acquired on january 1 at a cost of $35,000 has an estimated useful life of five years. assuming that it will have no residual value.
a. determine the depreciation for each of the first two years by the straight line method.
b. determine the depreciation for each of the first two years by the double-declining-balance method.
Years Straight line method Double declining-balance method
Year 1 $7,000 $14,000
Year 2 $7,000 $ 8,400
What is depreciation?Depreciation refers to the monetary value of an assets that decreases over time due to use, wear and tear or obsolescence.
Explanation:- A). Straight line method = (cost of computer - residual value) / Estimated useful life
= ($35,000 - 0) / 5
= $7,000
Note:- Depreciation amount in straight line method would remain the same for every year.
Straight line depreciation = (Depreciation/ Cost of computer) *100
= (7,000/ 35,000)* 100 = 20%
B). Double-declining-balance method = 2* straight line method ( i.e. 2*20%) = 40%
Year 1 = $35,000* 40% = $14,000
Year 2 = $21,000( $35,000- 14,000) *40% = $8,400
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On the costs of goods manufactured schedule, the item raw materials inventory (ending) appears as a(n)
When it comes to the cost of goods manufactured schedule, the raw materials inventory (ending) would appear as a subtraction from raw materials available for use.
How is ending raw materials treated?The Cost of goods manufactured requires that the cost of raw materials that are used be calculated.
As the raw materials ending inventory is for raw materials that were not used, the it has to be subtracted from the raw materials available for use to find the materials used.
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last year, high-tech electronics earned $2.00 per share. if a share of its stock is selling for $60, what is the firm's p-e ratio?
Based on the calculation done below, the firm's p-e ratio is 30.
How do we calculate the p-e ratio?The price-earning (p-e) ratio can be calculated using the following formula:
p-e ratio = MPS / EPS ............................................................. (1)
Where:
MPS = Market price per share = Share selling price = $60
EPS = Earning per share = $2.00
Substituting the values into equation (1), we have:
p-e ratio = $60 / $2.00 = 30
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A small island country has recently begun an initiative aimed at attracting more businesses to revitalize the economy. An increase in bed and breakfasts, resorts, casinos, hotels, and restaurants has created several jobs, as well as brought in more tourist dollars. However, the island’s president isn't satisfied and has announced a special effort to attract small- to medium-size suppliers and manufacturers. Why do you think he wants to put additional emphasis on businesses that produce goods rather than provide services?
Service jobs have higher salaries than manufacturing jobs.
Manufacturers pay more in taxes.
Manufacturing has the most significant multiplier effect.
Service businesses conflict with manufacturing.
Option (b) Manufacturing has the most significant multiplier effect.
Manufacturing is the basic to produce any product or to start any business. As in the case study we studied small island country has taken initiative to attract more and more business. On the other hand, president has announced a special effort to attract small- to medium suppliers and manufactures because to firstly balance everything in the economy like reduce unemployment, providing proper wages so that workers would encourage to perform best in their fields.Once the everything is balanced then it can lead to hike in the economy.Learn more about this here-
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Many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it: Multiple select question. reaches broad and diverse groups allows them to connect directly with customers allows them to reach specific groups more directly is costly, but worthwhile in reaching specific customers
Many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it allows them to connect directly with customer.
What is social responsibility?It should be noted that social responsibility is when a company monitors and does things that will be beneficial to the public.
In this case, many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it allows them to connect directly with customer.
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Answer:
reaches broad and diverse groups
allows them to connect directly with customers
allows them to reach specific groups more directly
Explanation:
In response to the need to reinforce the brand promise, ________ is about mixing and matching marketing activities to maximize their individual and collective effects.
In response to the need to reinforce the brand promise, "integrated marketing" is about mixing and matching marketing activities to maximise their individual and collective effects.
What is integrated marketing?By using integrated marketing communications, a business may make sure that all of the advertising tactics it uses are transparent, consistent, and directed at the same objectives.
The elements of integrated marketing is strategy. An integrated strategy is the foundation for everything, including
marketing, websites, creative, social media, public relations, SEO, paid social media, paid media.To know more about the main parts of a marketing plan, here
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The airlines sold fewer tickets to business travelers during the "Great Recession" due to more companies using video conferencing software to save money. According to the five forces model, this type of threat is called the
According to the five forces model, this type of threat is called the threat of substitute products.
What are the five forces model?The five forces model is used to analyse the competitiveness among firms in an industry. They are also referred to as the Porter's five forces.
One of the five forces is the threat of substitute products. If there are little or no substitutes for the goods produced by other companies, the greater the power the firms possesses. Video conferencing is an alternative to physical meetings.
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You wish to retire in 13 years, at which time you want to have accumulated enough money to receive an annual annuity of $28,000 for 18 years after retirement. during the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money. what annual contributions to the retirement fund will allow you to receive the $28,000 annuity
Explanation:
If A = { a , c , e } , B = { b , c , d ) and C = { a , c , d , f ) , find n ( A cap B cap C )
Losses in asset values due to adverse changes in interest rates are borne initially by the
Losses in asset values due to adverse changes in interest rates are borne initially by the equity holders
Who are the equity holders?Equity holders are individual that owns a particular asset that has liabilities attached to them
Equity is expressed as difference between liabilities and assets of a business.
Hence we can conclude that losses in asset values due to adverse changes in interest rates are borne initially by the equity holders
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Employee compensation systems are generally developed and administered by ____, and pay increases and promotions are usually recommended by ____.
Employee compensation systems are generally developed and administered by "HRM specialists", and pay increases and promotions are usually recommended by "line managers".
What is Employee compensation systems?Giving employees money in exchange for their work is a systematic process known as compensation. Incentives can help with hiring, work happiness, and performance, among other things.
The purpose of a compensation system is-
To recruit new employees and keep the ones you already have working for your company are your compensation's main objectives. Compensation is also utilised to boost morale and encourage individuals to perform to their highest potential.Paid time off, disability insurance, stock option plans, health insurance, life insurance, and services like financial counselling are a few examples.To know more about the technologies helps to improve employee efficiency, here
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Which sentence best completes the diagram?
Original Question: A central bank raises interest rates on reserves
Answer: Investors are less likely to purchase bonds:
Reason: When the economy is good, the level of borrowing money becomes extraordinarily high since there is confidence in the market.
As in, people believe that they can return the money back to the bank since there is a high chance of making the money back up again at a profit.
However, as more and more people do that, the economy heads into state of inflation.
To ensure that the inflation rate doesn't go up sky-high, central banks raise the interest rate on loans which discourages investors to get loans or bonds due to how much they need to pay back later on.
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Spice Inc.'s unit selling price is $45, the unit variable costs are $30, fixed costs are $113,000, and current sales are 9,900 units. How much will operating income change if sales increase by 5,900 units
The Increase in operating income is $159500.
How to calculate the income?Proposed
Unit sales = 9900 + 5900 = 15800
Sales = 15800 × 45 = 711000
Variable expenses = 15800 × 30 = 474000
Contribution margin = 711000 - 474000 = 237000
Fixed cost = 113000
Operating income = 124000
Current
Unit sales = 9900 l
Sales = 9900 × 45 = 445500
Variable expenses = 9900 × 30 = 297000
Contribution margin = 445500 - 297000 = 148500
Fixed cost = 113000
Operating income = 35500
Increase in operating income:
= 35500 + 124000
= 159500
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A sudden and widespread disruption of financial markets that occurs when people lose faith in the liquidity of financial institutions and markets is a(n):
When people lose faith in the liquidity of financial institutions and markets as a result of a disruption, this is called a Financial Panic.
What is a financial panic?This arises when people try to remove as much of their money as possible from financial institutions and markets because they don't trust that they can easily get their cash if they leave it there.
It is caused by a disruption to financial markets and the largest one was the Great Depression of 1929.
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Are imports to Russia subject to VAT?
Answer:
yes
Explanation:
they pay 20 percent and is paid directly to Russia
Answer:
The Russian import VAT 20% has to be paid. The tax has to be paid directly to the Russian customs .The customs is one of the contributaries of development.In and out of goods may charged at the same VAT of 20%.
By Sk.
What's your annual income if you're unemployed?
$46,819
Unemployed Salary
Annual Salary Hourly Wage
Top Earners $57,500 $28
75th Percentile $57,500 $28
Average $46,819 $23
25th Percentile $32,000 $15
supplies expense is ______ and supplies is ______ for the amount of supplies used during the period that were originally recorded as an asset when purchased.
Supplies expense is debited and supplies is credited for the amount of supplies used during the period that were originally recorded as an asset when purchased.
What is supply?It should be noted that supply simply means the amount of goods and services that the seller is willing to sell at a price.
In this case, supplies expense is debited and supplies is credited for the amount of supplies used during the period that were originally recorded as an asset when purchased.
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Which type of financial aid is often based on merit, as opposed to financial need?
Answer:
Scholarships
Explanation:
Merit-based aid goes to students based on their academic and/or extracurricular achievements rather than their financial need. Scholarships are the most common type of merit-based aid. Students may receive scholarships from nonprofit organizations, private businesses, and colleges and universities.
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Answer: scholarships
Explanation:
Expenses follow the same debit and credit rules as a.the drawing account b.liabilities c.revenues d.the capital account
Expenses follows the same rule of the debit and credit as that of the Drawing account.
What is Drawing Account?The Drawing account is the account in which the transactions of the money withdrawn from the business is recorded. The money is withdrawn by the owner of the business.
The golden rule of the accounting says that the debit the expenses and losses and credit the income and gains.
A debit to the drawing account and a credit to the cash account constitute the standard accounting entry for the drawings account (or whatever asset is being withdrawn).
It reflects the capital's deductibility from the overall equity of the company.
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Which of the baldrige criteria is given the most weight in selecting winners?
Results are heavily weighted toward the Baldrige criterion. This is further explained below.
What are Baldrige's criteria?Generally, "Integrated management framework" refers to a set of tools used to analyze and improve business operations.
In conclusion, Sampling acceptance rates for winners are heavily weighted toward those that meet the Baldrige standards.
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When starting to produce podcasts, one of the greatest expenses you will have initially is for:
A. A microphone
B. An advertising budget
C. Increasing bandwidth
D. Video production
Answer:
b
Question
When starting to produce podcasts, one of the greatest expenses you will have initially is for:
A. A microphone
B. An advertising budget
C. Increasing bandwidth
D. Video production
Consider an economy with only two goods: bread and wine. In 2000, the typical family bought 4 loaves of bread at 50 cents per loaf and 2 bottles of wine for 9 dollars per bottle. In 2015, bread cost 75 cents per loaf and wine cost 10 dollars per bottle. The CPI for 2015 ( using 2000 as base year) is a) 100 b) 115 c) 126 d) 130
Based on the cost of bread and wine in those two years, the CPI for 2015 can be calculated to be B. 115.
What is the CPI in 2015?Find the total cost of goods in 2000:
= (4 x 50 cents) + (2 x 9)
= $20
Total cost in 2015:
= (4 x 75 cents) + (2 x 10)
= $23
The CPI in 2015 is:
= 23 / 20 x 100
= 115
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Tristan has found a good job as a bookkeeping clerk after finishing his associates degree at the local community college. He is making a beginning annual salary of $19,760. How can this increased income affect his financial decisions
An increase in the total income may lead to changes in Tristan's financial decisions in positive as well as negative ways.
What are financial decisions?A plan or a strategy which is backed by strong logic of an individual to distribute his or her income in different forms of investments, expenses, and savings, are known as financial decisions.
When Tristan gets an increase in his income, his financial decisions may, change in a way that he may start investments and save for future goals. He may also start spending on luxuries, which he otherwise, could not afford to.
Hence, the significance of an increase in income on the financial decisions of Tristan is aforementioned.
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Consider the following case: John Smith is a archaeologist with a Ph.D. He has excavated sites across much of South America and unearthed many ancient artifacts. He is a leader in the field of archaeology. John decides that he will market and sell a new haircare product and on his advertisements lists his Ph.D. after his name, though he has never had any training in dermatology or any other health-related science. Evaluate as true or false: John Smith's use of his Ph.D. on advertisements for haircare products is an example of the fallacy of inappropriate expertise. Question 6 options: True False
According to the case, the use of Ph.D. on the ads for hair care products by John Smith is considered an example of the fallacy of inappropriate expertise.
The provided statement is true.
What is a fallacy?A fallacy is an unlawful statement that is used by someone in stating any reasoning or argument which can even be harmful to society.
In the given case, John is having Ph.D. degree in the archaeology field, and his attempt to use the word Ph.D. on the haircare goods marketed by him would be a fallacy in respect of inappropriate expertise. The fallacy could be the use of the Ph.D. word on ads and the inappropriate expertise is that he doesn't have any knowledge regarding skincare and dermatology area.
Therefore, this may create a harmful effect on the individuals who are buying them as it is not authorized by a dermatologist.
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Steele Plate Units Cost Mar. 3 Purchase 1 $830 10 Purchase 1 840 19 Purchase 1 880 Total 3 $2,550 Assume that one unit is sold on March 23 for $1,125. Determine the gross profit for March and ending inventory on March 31 using (a) FIFO, (b) LIFO, and (c) average cost methods. Gross Profit Ending Inventory a. First-in, first-out (FIFO) $fill in the blank 1 $fill in the blank 2 b. Last-in, first-out (LIFO) $fill in the blank 3 $fill in the blank 4 c. Average cost $fill in the blank 5 $fill in the blank 6
When a country allows international trade and becomes an exporter of a good, Question 11 options: domestic producers of the good become better off. domestic consumers of the good become worse off. the gains of the winners exceed the losses of the losers. All of the above are correct.
The likely outcome when a country allows international trade and becomes an exporter of a good is that the Domestic producers of the good are better off.
Who are the Domestic producers?These are the manufacturing firms in the exporting countries.
Hence, when the country allows international trade and becomes an exporter of a good, the Domestic producers of the good are better off because they produces more for exportation purpose.
Therefore, the Option A is correct.
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Max owns a townhouse in Sacramento. He is in the process of leasing it to Hannah. The contractual lease states Hannah Scott will be leasing Max Thomas' townhouse for two years beginning July 1. She will be paying $1,000 per month due by the first of each month. The lease clearly states Max will be the landlord of the townhouse and Hannah the tenant. Is there a minimum requirement for a California lease missing
The minimum requirement for a California lease that is missing in the contractual lease between Max and Hannah Scott is the absence of a sufficient description of the property.
What are the minimum requirements for a California lease?A California lease requires a sufficient description of the property, for example, an address, which gives it a legal description.
Other requirements for a California lease include:
Rental amountDuration of the rental periodPayment due datesDeposits or feesCondition of the property at the beginning of the leaseMaintenance expectations.Question Completion with Answer Options:a. No, the lease has met all of the minimum lease requirements of the state of California.
b. Yes, the missing minimum requirement is the absence of the issue of a security deposit.
c. Yes, the missing minimum requirement is the absence of any assignment and subleasing options.
d. Yes, the missing minimum requirement is the absence of a sufficient description of the property, such as an address and/or a legal description.
Thus, the minimum requirement for a California lease that is missing in the contractual lease between Max and Hannah Scott is the absence of a sufficient description of the property.
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