I would say false, the sheet that reports the revenues and the costs is known as the income statement. the balance sheet is the sheet that would report all of the assets (such as the cash, accounts receivable, or others). The balance sheet will also report all the liabilities (including the accounts payable, notes payable and others). Lastly, the balance sheet will also report the equity or the capital account of the business. So in a nutshell, the balance sheet reports the assets, liabilities, and owner's equity.
Answer:
Explanation:
the attached pictures show the explanation
Answer:
What to produce?
Explanation:
What to produce?
Due to the fact that resources are scarce, a producer has to decide what he wants to produce.
In the question above, the consumer has decided to produce consumer goods.
How to produce?
The producer has to decide on the optimal production method to employ. It has to decide whether a labour or technology intensive production method would be better .
For whom to produce?
A producer has to answer this question in order to be able tailor his product to perfectly suit his target customers. The producer has to decide if to produce for young people, middle aged people or the elderly or sell to the poor or rich.
I hope my answer helps you
I think it's one and four but not so sure?
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