Answer:
a. positive
b. normative
c. positive
d. normative
Explanation:
Note that a normative statement as used in economics refers to a view of what should be done, or how things or policies should be or not be. While the Positive statement gives a point blank description of what the state of things are.
a. It is a fact of course that in the past decades U.S. companies have outsourced millions of job overseas, thus this is a positive (descriptive) statement.
b. By saying companies that outsource jobs are acting immorally indicates a normative or judgemental view of what is morally right.
c. This statement is a fact, because such actions is in line with economic theory; in effect would stop outsourcing jobs.
d. This is rather a view of what should be done. Which clearly indicates the statement as normative.
Answer:
$93,500
Explanation:
Net Working Capital = Current Assets - Current Liabilities
Current Assets = Total Equity + Liability - Fixed Assets
= $218,700 + $141,000 - $209,800 = $149,900
Current Liability = $141,000 X 40% = $56,400
As out of total due 40% is payable within a year, which means it is current liability.
Net working capital = $149,900 (current assets) - $56,400 (current liability)
= $93,500
The answer is D because the monopoly is the hardest to get into.
Answer:
$ 49,640
Explanation:
The question is asking for PLANNING BUDGET
Planning Budget does not in anyway mean flexible budget.
So the quantity of units for Planning Budget would be what the company budgeted that is 7,300 units
The next step in the solution to the question will be to know the cost per unit. For Direct Labor the price given is $ 6.80 per unit
Total Direct Labor for May in the planning budget would be 7,300 X 6.80 = $ 49,640
Answer:
160
Explanation:
Reorder point is the inventory level at which new order are placed to prevent a down time due to stock out and and holding cost are also at the minimal level .
<u>Workings</u>
Annual demand = 8000
Ordering cost = $50
Holding cost = $20
Operating days = 250
Lead time =5 days
Re order point = Average daily usage * Average lead time
Average daily usage = 8000/250 = 32
Reorder point = 32*5 =160
