Jill took $50 comma 000 that she had in savings and started her own business. if left in investments she would have earned $5 comma 000 this year. jill also left a job that paid her $60 comma 000 a year and plans on paying herself $40 comma 000. materials and other labor costs will be $70 comma 000. the company is located in a building that jill owns. she could have rented the building out for $30 comma 000 but plans on charging the company only the insurance and mortgage payment of $20 comma 000. what do the accounting and economic costs equal

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What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.