Correct Answer: Option b) Income Statement. Explanation: An income statement is a financial statement that reports the revenues and expenses that …
Answer:
1. Capital
Explanation:
Capital refers to the resources that are used to generate value. This, through the manufacture of other goods or services or by obtaining profits or profits on the possession or sale of securities.
Capital is one of the four factors of production along with land, labor and technology. It is characterized by understanding all durable goods that are destined to the manufacture of other goods or services. Thus, for example, an oven is part of the capital of a baker since he uses it to cook bread (another good) and the services he delivers will last for several years.
To produce goods or services, capital must be combined with other productive factors. The precise combination will depend on the technology used and the characteristics of the good or service produced.
Capital increases the productivity of the other productive factors. However, if capital remains fixed and the rest of the factors increase, the productivity increase will be decreasing (marginal productivity law decreasing).
Capital also refers to the financial resources that are invested in a given project for manufacturing or selling services. In addition, interest gains or other financial gains are also considered capital
According to a 2012 Forbes article, CareerCast released a list of the most stressful jobs. "Event coordinator" was listed as the 6th most stressful job.
The answer is sixth.
Answer:
The account balance after 4 years will be $2,420.
Explanation:
First we need to add Bob and Judy's amount to find the total amount that will be deposited. (1260+975)=2,235.
Now we will break up the annual interest into monthly interest because it will be compounded monthly. 2/12=0.166.
Then we will break up the 4 years into months also because the interest is compounded monthly. 4*12=48
Now we use the formula for compound interest
Final amount = Principal*(1+R)^N
Principal = 2,235
R= 0.166% or 0.00166
N= 48
We put these values into our formula
2,235*(1+0.00166)^48
=2,420
Answer:
$3,260
Explanation:
Preparation of December statement of cash flows for Ernst Consulting
ERNST CONSULTING Income Statement
For Month Ended October 31
REVENUES
Consulting fees earned $17,450
Total revenues $17,450
EXPENSES
Rent expense $4,530
Salaries expense $8,090
Telephone expense $880
Miscellaneous expenses $690
Total expenses $14,190
Net income $3,260
($17,450-$14,190)
Therefore December statement of cash flows for Ernst Consulting will be $3,260
