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Answer: Total revenue is given by
When price of bananas increase from $0.90 to $1.10 a pound and total revenue remained unchanged, it means that the quantity of Bananas sold must have decreased.
Suppose at $0.90 we sold 10 pound bananas getting us $9 revenue.
This means that at $1.10 we have to sell 8 Banana's to get the same amount of revenue.
So, change in quantity =
So, their is a decline of 20% in the quantity of Bananas sold.
Total unrealized holding gain would Beresford report in its 2021 income statement relative to its investments in bonds is $36,600.
Unrealized holding gains are increases in the value of assets that a company or individual continues to hold.
This gain has not yet been reported on the entity's income statement as a realized gain.
The gain is considered realized once the asset is sold.
Assets are frequently held even after a gain in value has occurred, either because the owner expects another gain or because the owner does not want to pay taxes on the gain.
Therefore, total unrealized holding gain is the difference between the fair value of trading securities on 12/31/2021 and at 12/31/2020.
For the figures used refer to the attached image.
total unrealized holding gain = (76000 - 65000) + (98100 - 67000) + (58500 - 64000)
= 11000 + 31100 - 5500
= $36,600
Hence, the correct answer is $36,600.
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