Answer:
Total Expense: $ 347,000
Income: $ 135,000
Explanation:
<u><em>Income Statement Imaging Services </em></u>
<u><em>For the Month Ended March 31, 2018</em></u>
Fees earned $482,000
Wages expense $ 300,000
Rent expense $41,500
Supplies expense $3,600
Miscellaneous expense $1,900
Total Expenses $ 347,000
Income $ 135,000 Wages, rent , supplies and miscellaneous expenses are totaled and deducted from the fees earned. Fee earned is the revenue and the expenses are deducted from it. By deducting expenses from revenue we get the income.
A visa. You have to have a visa as an immigrant to work in America.
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Answer:
Corporate profits increased.
Total real income increased.
Explanation:
Gross domestic product is defined as the total goods and services.thatbisnproduced within a country at a given time. It is a measure of the countrie's productivity and economic wealth.
GDP is affected by different factors such as income, interest rate, consumer spending and level of output.
When there is an increase in GDP the factors that affect it change to favour an increase.
If corporate profits increased, it means that productivity increased. More goods were produced and sold resulting in more profit.
An increase in total real income means more cash is available to invest in production leading to increased output and GDP.