Which of the following statements about process analysis is TRUE?
A. Process analysis only matters to those who are in accounting.
B. Process analysis is all about creating demand.
C. Process analysis helps one analyze all the activities involved in providing one unit of supply.
D. Process analysis is all about keeping track of revenue and costs.
In: Other
On January 1, 2023, Day Co. paid $92,278 for $100,000 face amount, five-year, 8% bonds, a price that yields 10%. Interest is payable every July 1 and January 1. Total Interest Revenue to be recorded over the life of the bond is:
Select one:
a. $32,278
b. $87,722
c. $47,722
d. $40,000
e. $7,722
In: Accounting
Golden Enterprises started the year with the following: Assets $104,000; Liabilities $34,000; Common Stock $64,000. During the year, the company earned revenue of $5,400 and incurred expenses of $3,200. In addition, the company paid dividends of $1,400 to owners. Assume no other activities occurred during the year. The amount of Golden's retained earnings at the end of the year is: $8,200. $1,400. $11,400. $6,800.
In: Accounting
An oil producer plans to sell 1 million barrels of crude oil one year from now. The oil price in one year is normally distributed with the mean of $80 per barrel and the standard deviation of $12 per barrel. What is the probability that the sales revenue is lower than $50 millions
A)0.62%
B)41.75%
C)58.25%
D)99.38%
In: Finance
In: Economics
Please explain if the following statements are true, false or both:
a) Increased investments decrease national savings.
b) Monetary neutrality is: "When money supply changes, relative price doesn't change either"
c) In monopoly, marginal revenue is always lower than the price.
d) Deadweight loss due to taxation is greater when supply and demand elasticity is greater
In: Economics
The market for ping pong balls is initially in equilibrium at a price of $10.00 and quantity of 115. Then supply increases from S1 to S2 and a new equilibrium is established at a price of $8.00 and quantity of 150.
The change in revenue attributable to the “price effect” is
Group of answer choices
A.An increase of $280
B.A decrease of $280
C.A decrease of $230
D.An increase of $230
In: Economics
The producer of X is contemplating a price change and has asked for your advice. After some empirical investigation, you conclude that the price elasticity of demand for X is 1.25. As an economist, what would you advise the producer to do in order to raise total revenue? Would you advise him to raise prices or lower prices of good x? Why? Explain.
In: Economics
Which of the following is true about both a perfectly competitive market and a market with a monopolist who is able to achieve perfect price discrimination
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a. Deadweight loss is equal to zero. |
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b. Profit is maximized where price is equal to average total cost. |
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c. The marginal revenue curve is downward sloping. |
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d. Average fixed cost remains constant as quantity increases. |
In: Economics
a broadway theatre has 600 seats, divided into orchestra, main, and balcony seating. orchestra seats sell for 50 main seats for 35 and balcony for 25. if all seats are sold the revenue to the threatre is 20900. if all the main and balcony seats are sold but only half the orchestra seats are sold the gross revenune is 17900 how many are there of each kind of seat
In: Math