Answer:
e. A positive economic statement can be proved; a normative statement cannot.
Explanation:
A positive economic statement are objective statement that can be tested, amended or rejected by referring to available evidence.
this means in essence that a positive economic statement is prone to improvement when proven. it is not rigid
a normative statement is subjective that cannot be changed. it is rigid.
Answer:
Outsourcing.
Explanation:
Outsourcing is a process to get the work done from a foreign supplier at a cheaper rate without or minimum compromising on the quality of work. Outsourcing is done by companies of those countries, where labour rate is high or scarcity of labour in the national market. It also diverse the culture of companies. Work which are outsourced to other countries are mainly non fundamental and its role is to provide support to the core company.
Answer:
Costs are subtracted from revenues.
Explanation:
As we know
Profit is calculated when the cost is subtracted from revenues.
In mathematically,
The profit = Revenues - cost
The profit which would be calculated above is shown in the debit side of the income statement.
As the income statement records all the expenses or cost incurred and all the revenues which are generated
Answer:
$508.63
Explanation:
For this question, we use the Present value formula that is reflected in the attached spreadsheet. Kindly find it below:
Provided that
Given that,
Future value = $1,000
Rate of interest = 14%
NPER = 15 years
PMT = $1,000 × 6% = $60
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $508.63
