Answer:
Balance sheet:
Accounts receivable
Cash
Common stock
Land
Supplies
Wages payable
Income statement:
Fees earned
Supplies expense
Utilities expense
Wages expense
Explanation:
Accounts receivable, cash, land, and supplies are assets while wages payable is a liability while common stock is owner's equity, all of which are balance sheet items.
Besides, fees earned are a revenue item while utilities , suplplies and wages expenses would appear in the income statement.
Answer:
Total cost= $18,200
Explanation:
Giving the following information:
Haskins Company employs material handling employees who move materials between production divisions at a labor cost of $182,000 a year. It is estimated that these employees move 620,000 pounds of material per year. 62,000 pounds are moved in March.
Proportion for March= 62,000/620,000= 0.1
Total cost= 182,000*0.1= 18,200
Mahmoud will be needing many things such as. A loan of money , Maybe a wed site to spread him company so more people can see it and materials to build chairs such as wood , springs , foam.
Business and economics is basically the study of the production,distribution of resources to provide goods and services
Answer:
Nominal gross domestic product (GDP) measures the market value of all the new and legal goods and services produced in a country within a year. While real GDP adjusts nominal GDP to inflation. Since inflation is generally positive, real GDP decreases as inflation increases. The higher the inflation rate, the larger the difference between nominal and real GDP. Depending on which year is used as base year (year 0), the difference that existed in 2010 can be either significant or not.
The difference = ($14,657 / $13,245) - 1 = 10.66%, which means that nominal GDP was 10.66% higher than real GDP. If the base year is 2000 or even 2005/6, the difference is very small since the accumulated inflation would only be 10.66% for all these years. But if the base year was 2008 or even 2009, then the inflation rate is high.
