Answer:
Milner's Star Express Cleaning
Income Statement For the Year Ended December 31, 20--
Fees Earned 13,835
Utilities Expense 153
Rent Expense 1,200
Wages Expense 1,650
total expenses <u> 3,003 </u>
net income 10,832
Explanation:
We will subtract the expenses account from the fees earned to get net income
The other accounts will be ignores as they are not used in the calculations for the net income
Answer:The holder of a call or put option must exercise the right to sell or buy an asset.
Explanation:The holder of a right or put option has the right to exercise that power but it is not a mandatory right,he or she can decide not to exercise that power.
All other options are correct, a call or gives the holder the right to buy an asset at a certain date and at a specific price.
A put option gives the holder the right to sell an asset at a specific date and price.
The holder of a forward contract is obligated to buy or sell an asset.
Answer:
Decrease by $1
Explanation:
Given:
Old data:
Q0 = 2,000 units
P0 = $20
Total revenue before change = 2,000 x $20 = $40,000
After change in Price.
Q1 = 2,100 units
P1 = $19
Total revenue After change = 2,100 x $19 = $39,900
Computation of Marginal Revenue:
Marginal Revenue = (P1 - P0) / (Q1 - Q0)
= ($39,900 - $40,000) / (2,100 - 2,000)
= -100 / 100
= $(-1)
Marginal revenue will decrease by $1
