Answer:
D
Explanation:
Economic theory provides economists with a common language and way of thinking about how the world works
Is a set of definitions, postulates, and principles assembled in manner that helps make cause-and-effect relationships clear in economics?
Is like a guidebook in that it points out what to look for
Answer:
Normative statement
Explanation:
A normative comment makes a conclusion on meaning. Such a decision is the presenter's viewpoint; nobody can "confirm" whether or not the comment is true. Since individuals have different principles, ethical pronouncements also create discord.
An economist whose beliefs allow him to claim that we ought to provide more help to the needy will compete with one whose ideals contribute to a determination that we ought not.
It is not uncommon for people to present an argument as constructive, to render it more compelling for an audience when it already has negative elements. Sources of this are opinion pieces in magazines or on other outlets. That is why it is critical that we can distinguish among constructive and negative statements.
Answer:
The annual maintenance collected in 2008 is $201,000
Explanation:
The computation of the annual maintenance collection is shown below:
For the year 2007
= Annual maintenance × renew percentage
= $2,000,000 × 90%
= $180,000
For the year 2018
= Product sales × paying percentage × purchase percentage
= $2,000,000 × 70% × 15%
= $21,000
So, the annual maintenance collected equals to
= 2017 annual maintenance + 2018 annual maintenance
= $180,000 + $21,000
= $201,000
Answer:
E. None of these answer choices are correct.
Explanation:
Upon receipt of the advance payment from Cactus Jack, Nike should debit its Cash Account and credit Deferred Revenue by $300,000. When the equipment is delivered to Jack and the additional $100,000 is received, the Deferred Revenue account is debited with $300,000 while the Sales Revenue is credited with $400,000 with additional debit to the Cash Account of $100,000.
A non- profit organisation cannot gain profit from the business.
Explanation:
In case of non profit organisation the main aim is to help with health care as well as education. Non- profit organisation is important because it helps in building healthy communities and it also helps in maintaining mobility and stability.They help in strengthening communities as well as non profit leader acted as people's voice.
The circumstances that impact a business ability to share their profits with non profit organisations are the non profit organisation acts as a pulse for the community, non profit organisation helps to develop corporate culture, the volunteers grow as organisation grows.