Answer:
A. revenue and expense
Explanation:
An income statement is among the three important financial statements prepared by a business entity. It summarizes all incomes (revenues) and expenses (costs) of a company in a particular financial year. Total costs are subtracted from the total revenue to get the net income.
An income statement is prepared to show the profits of a business in a particular financial year. A positive net income indicates profits, while a negative net income denotes losses.
Answer:
option (A) -$500; decreases by $500
Explanation:
Data provided in the question:
Amount deposited = $1,000
Increase in credit card balance = $1,500
Now,
Deposit adds to assets whereas increase in credit card balances adds to liabilities
Therefore,
Savings = Deposits - Increase in credit card balances
= $1,000 - $1,500
= - $500
Here,
negative sign depicts the decrease in wealth
Hence,
The correct answer is option (A) -$500; decreases by $500
Answer:
B. Will change both their jobs and careers
Explanation:
Internet made it really easy for people to access information , including new educations. Due to the abundant of information that the people can use, acquiring new skills and connections that required to change jobs became much Easier.
According to the data that recorded by the government, around 51% of modern workers change their jobs within 1-5 years period and around 30% workers change their careers every 12 months.
Government fiscal policy measures would lower tax rates and expand the money supply.
<h3>What is the economy?</h3>
- An economy is a region where products and services are produced, distributed, traded, and consumed.
- It is generally understood to be a social domain that emphasizes the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources.
- One's culture, values, education, technological advancement, history, social organization, political structure, legal system, and natural resources are all major determinants of an economy's processes.
- These elements determine the parameters and conditions under which an economy operates in addition to providing background and content.
- In other words, the economic realm is a social domain made up of connected human behaviors and exchanges that cannot exist independently.
<h3>What do you mean by the government?</h3>
- An organized community is governed by a system or group of individuals, typically a state.
- Government often consists of the legislative, executive, and judicial branches in the case of its broad associative definition.
- Government is a tool for making policy decisions as well as a way to enforce organizational policies.
- A declaration of the government's guiding principles and philosophy is the equivalent of a form of constitution in many nations.
Learn more about the economy here:
brainly.com/question/951950
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The lesson of sunk costs is to forget about the money that's irretrievably gone and instead to focus on the marginal costs and benefits of future options. A sunk cost is a cost that happened during the manufacturing of something else and there is no way to recover that money back if the item or service fails. These costs will happen no matter the decision or outcome of a situation so most companies do not factor in sunk costs.
