$$\begin{array} { l l } \text { Employed } & 5000 \\\text { Unemployed } & 500 \\\text { Not in thelabour force } & 2000\end{array}$$

question 70

Multiple Choice

$$\begin{array} { l l } \text { Employed } & 5000 \\\text { Unemployed } & 500 \\\text { Not in thelabour force } & 2000\end{array}$$
-The labour force:

• A) equals 5000
• B) equals 5500
• C) equals 7500
• D) cannot be determined from this information

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Definitions:

Note Receivable

A financial asset representing a written promise for the future receipt of cash, indicating that one party owes another party a specific sum.

Settlement

The process of concluding a transaction or dispute by all parties involved agreeing to terms, often involving the payment of funds.

Promissory Notes

Written promises to pay a specified sum of money to a named party on demand or at a determined future date.

Carrying Amount

The book value of assets and liabilities reported on the balance sheet, calculated as the original cost less any depreciation, amortization, or impairment costs.