Which statement below defines accounting?
a) It identifies, records, and communicates business transactions.
b) It contains a record of all transactions that cannot be measured in monetary units.
c) It is essential to help make business decisions.
d) It is helpful in comparing the performance of one company against a competitor.
Ans: a) It identifies, records, and communicates business transactions.
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Dosta Mattress Company manufactures and sells mattresses to retailers that then put their own store brand names on the product. At a price of $1,000, it sold 100 mattresses. It dropped its price to $600 and sold 175 mattresses. Regarding elasticity, what is demand for the mattresses?
a. unitary b. inelastic c. asymmetrical d. elastic
What actions are required to both delta-hedge and gamma-hedge a written option position?
What will be an ideal response?