Answer:
c. $100,000
Explanation:
Since in the question it is given that the price elasticity of demand is unit elastic that means it is equal to one plus the total revenue do not changed if there is a change in price and the quantity demanded
So in this case, the new revenue is
New revenue = Price × Quantity
= $100 × $1,000
= $100,000
Hence, the correct option is c.
Answer:
B) Indicates how many times the receivables were converted into cash during the year.
Explanation:
Account receivable Turnover is a ratio which shows that how many times the account receivable is converted into cash in a given period of time. It shows the efficiency of recovery from customer by a company. A company with higher turnover ratio is considered to more profitable and its liquidity is higher. A company with lower Turnover will have low profits and may face liquidity problems.
The reason for the FDIC, then, is to protect investment accounts against future bank disappointments. At present, reserve funds stores are guaranteed against such disappointments up to a furthest reaches of $250,000, in this way guaranteeing the larger part of individual bank accounts are secured.
