During 2018, towson company had credit sales of $44,000 and cash sales of $11,000. in 2018 towson collected $31,000 of accounts receivable resulting from sales on credit. towson incurred operating expenses of $59,000; of this amount, $42,900 was paid in 2018, and the remaining balance represented a liability at year-end. in addition to these operating expenses, towson also purchased for cash a three-year insurance policy on january 1, 2018. the cost of this policy was $3,000. what is towson's 2018 accrual basis net income or loss? enter a loss as a negative number.

Consider a small island country whose only industry is weaving. the following table shows information about the small economy in two different years. complete the table by calculating physical capital per worker as well as labor productivity. hint: recall that productivity is defined as the amount of goods and services a worker can produce per hour. in this problem, measure productivity as the quantity of goods per hour of labor. year physical capital labor force physical capital per worker labor hours output labor productivity (looms) (workers) (looms) (hours) (garments) (garments per hour of labor) 2024 160 40 1,800 14,400 2025 180 60 3,900 23,400

12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)

Increases in output and increases in the inflation rate have been linked to