Answer:
Assume that no new production was involved in this transaction.
Wealth was created because the value of your willingness to sell was _____ (equal to, less than, greater than) the buyer's willingness to pay.
Suppose you sold the car for $18,000.
If the minimum price, or "bottom line," you would accept for the car is $10,000 and the most the buyer is willing to pay is $25,000.
Explanation:
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This statement is <u>false </u> .
What is Sales Revenue ?
A company's sales revenue is the income it receives from the selling of goods or the provision of services. The phrases "sales" and "revenue" in accounting can and frequently are used interchangeably to signify the same thing. It is vital to understand that revenue does not always imply cash received. A portion of sales revenue may be paid in cash, while another portion may be paid on credit via accounts receivable.
On the income statement, sales revenue can be shown as either gross revenue or net revenue. Net revenue includes all deductions for products returned, the potential of undelivered merchandise, and the expense for uncollectible accounts receivable (sometimes known as "bad debt expense").
To know more about Sales Revenue
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In Jack's home country, business negotiations focus primarily on immediate profits and quick temporary solutions. this trend best reflects to how an individual interprets and reacts to tasks, resulting in different patterns of cognition, affect and behavior.
Answer:
230 people
Explanation:
a. What is the size of the labor force
The labor force is the sum of the number of employed and unemployed, unemployed meaning people who lack employment, but who want to work, and are looking for a job.
First we substract the people that is not in the labor force, and those under 16 years of age from the total population: 500 - 120 - 150 = 230.
Of this figure, 150 people are unemployed, 23 are part time workers looking for full time employment (they are employed), and the rest: are 57 employed people.
So the size of the labor force is effectively 230 people.
