On a linear demand curve, if the price is low and the quantity demanded is high, demand is Inelastic in that region and a price increase will cause an increase in total revenue
Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations. [1] The term "commercial revenue" can also refer to sales or turnover. Some businesses make money from royalties, interest, or other fees. [2] The term "revenue" can mean income in general or the total amount of money earned over a certain time period, as in "Last year, Company X had revenue of $42 million." The general definition of profits or net income is total revenue less total expenses for a specific time period. Revenue is a component of the Equity section of the balance sheet in accounting, and revenue raises equity.
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One thing that a process cost system cannot be used for from the given options is Motion pictures.
<h3>What is process costing?</h3>
This is a method of allocating cost that is based on the same item being mass-produced such that there is no discernable difference between the goods that were produced.
Motion pictures cannot be mass produced which is why they cannot use process costing, Every motion picture is unique and so something more specific is needed to apportion their cost.
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Answer:
1. Inventory account will be affected and assertions of accuracy and valuation will be violated.
2. Assets are overstated and assertion classification is violated.
3. Liability is understated and assertions of accuracy is violated.
4. No impact.
Explanation:
Assertions are certain claims of a business which a business must fulfill in order to make its financial statements reliable. A company has to record the expense when it is incurred in order to provide accuracy in valuation. In the given cases the assertions are violated which impact business accounts.
Answer:
$98.02
Explanation:
Data provided in the question:
Value of contract = $1,330
Maximum value = $86
Minimum value = $65
Exercise price = $78
Risk-free rate = 3%
Now,
Current value of stock = 
also,
a standard contract has 100 shares
thus,
Call price = Value of contract ÷ 100 shares
or
Call price = $1,330 ÷ 100 = $13.30
Thus,
Current value of stock = 
or
Current value of stock = ( 2.625 × $13.30 ) + $63.1068
= $98.0193 ≈ $98.02
Answer:
Explanation:
The primary market is the market in which the new securities like bonds, stocks, etc are offered to the general public for the first time or we can say Initial public offer.
The initial public offer is an example of the primary market
.
On the other hand, the secondary market is that market in which the securities are purchased or sold through the investors after offering to the general public.
Example - New York Stock Exchange (NYSE), etc.
