Final answer:
The question requires computing the merchandise balance and current account balance for a December income statement and advising an individual named Peter on finances related to moving out, based on various job incomes and expenses. Without the specific financial data, a precise answer cannot be provided.
Step-by-step explanation:
The question asks for assistance with preparing an income statement using provided information for a business in December. To accurately compute the merchandise balance and the current account balance, specific data is required regarding the company's revenues, costs of goods sold, operating expenses and other relevant financial transactions. Without the specific data, I'm unable to give a categorical response.
Nonetheless, generally, to calculate the merchandise balance, you would subtract the cost of goods sold from the revenues earned from merchandise sales. The current account balance would typically include the net trade in goods and services, as well as net earnings on cross-border investments, and net transfer payments.
For someone like Peter, who is planning to move out of his parents' house, it is important to calculate his net annual income for various job positions, deduct necessary taxes, and estimate monthly income. This will enable him to compare his projected expenses with his income to see which job would allow him to meet his financial needs. Advice for Peter should be based on the calculated data and consider factors such as job stability, potential for growth, and personal satisfaction.
The complete question is: Use the above information to prepare a December income statement for the business. is: