The cash<span> method accounts for revenue only when the money is received and for expenses only when the money is paid out. On the other hand, the </span>accrual<span> method accounts for revenue when it is earned and expenses goods and services when they are incurred. ... </span>Accrual<span> accounting is the most common method used by businesses.</span>
The correct option is C.
The Taft Hartley Act is a United States federal law which limits the activities and powers of labour unions. The Act was enacted in 1947 and it prohibits some union practices, it also requires improvement in union disclosure of political and financial dealings. <span />
Answer:
c. total revenue does not change.
Explanation:
A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.
Mathematically, the price elasticity of demand is given by the formula;
The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.
Generally, consumers would like to be buy a product as its price falls or become inexpensive.
For substitute products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.
If the price elasticity of demand for a product equals 1, as its price rises the total revenue does not change because the demand is unit elastic.
The officer responsible for managing the firm's cash flows is the <span>treasurer</span>.
Answer:
C. Sell a straddle
Explanation:
Considering the following calculation: Sell a straddle = sell a put + sell a call
and,
Premium income for selling a straddle = (P + C )100 = ($3 + $4)(100) = $700.
a short straddle involves simultaneously selling a put option and call option with the same underlying asset, same exercise price and expiration date
By Selling a 3 month put option with exercise price of $40 one will get $3 (inflow of $3)
Simulatenously By Selling a 3 month call option with exercise of $40 one wiil get $4(inflow of $4)
Thus the total premium income of selling a straddle is $7