Classify each characteristic according to whether it describes positive economics or normative economics. a. Describes current economic events. positive economics normative economics b. Predicts how the economy will change as a result of specific events. positive economics normative economics c. Concerns over the effects of an economic decision on people and not on how they will feel about it or what they will believe about why the decision was made. positive economics normative economics d. Involves recommendations or arguments about what should be. positive economics normative economics e. Offers plans for what the economy should look like based on an individual's subjective values and beliefs. positive economics normative economics f. Is concerned with how a variety of moral or ethical questions should be solved. positive economics normative economics

Peninsula products has just applied for a loan at your bank. when reviewing peninsula's books for the year that just ended, you notice that the firm uses the fair value option for its bonds payable. you also see that the firm recorded a $55,000 debit in its bonds payable account and a $55,000 credit in its unrealized holding gain or loss"income account. over that same period, interest rates decreased by about 0.5 percent. how should this information affect the bank's decision as to whether to grant peninsula a loan? a : the bank should strongly consider giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen an increase in its credit rating over the past year. b : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely the result of the rise in interest rates. c : the bank should hesitate before giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen a decline in its credit rating over the past year. d : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely unrelated to either interest rates or the firm's credit rating.

Beck company had the following accounts and balances at the end of the year. what is net income or net loss for the year? cash $ 74 comma 000 accounts payable $12,000 common stock $21,000 dividends $12,000 operating expenses $ 13 comma 000 accounts receivable $ 49 comma 000 inventory $ 47 comma 000 longminusterm notes payable $33,000 revenues $ 91 comma 000 salaries payable $ 30 comma 000

Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?