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kakasveta [241]
3 years ago
5

As the owner of an art gallery with a keen eye for upcoming talent, you find a painting that you feel is sure to net a large pro

fit from a relatively unknown artist. You contact the artist and negotiate to privately purchase the piece for $5,000, which you believe will be worth at least $25,000 in the next five years. A contract is signed to purchase the painting which is to be delivered to your gallery. Excited about the sale and with some extra time on his hands, the artist decides to do a search on you. Realizing that you are the successful owner of an art gallery, the artists feels that perhaps he sold the painting for too low of a price and returns the $5,000 check to you instead of delivering the painting. How should you proceed
Business
1 answer:
pickupchik [31]3 years ago
8 0

Answer:

I would rather sign a contract with talent for a relatively short period say 5 months where I would pay $5000 per month or I would increase the amount paid for the painting to $10000 or $15000

Explanation:

A huge momentarily reward can blind long term gain and during this period.

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The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 2900 units, the actual direct
pashok25 [27]

Answer:

$5400 Favorable

Explanation:

Standard 2 hour at $15 per hour

Standard hours 2 hour per unit * 2900 units = 5800 hours

Total Standard cost = 5800 hours * $15 per hour =  $87,000

Actual hours = 5100

Actual cost = $81600 / 5100 hours = $16 per hour

Variance = Standard - Actual

Labor hour Variance Favorable = 700 hours (5800 hours - 5100 hours)

Total Labor variance = $5400 ($87,000 - $81,600)

4 0
3 years ago
Clarissa wants to fund a growing perpetuity that will pay $6000 per year to a local museum, starting next year. She wants the an
likoan [24]

Answer:

She needs $150,000 to fund this perpetuity.

Explanation:

In this question we need to find the present value of this perpetuity. Because this is a growing perpetuity we will need to use the formula of present value of a growing perpetuity.

PV of growing perpetuity = Payment/ R-G

The payment is the current payment the perpetuity will pay which is 6,000, R is the interest rate which is 10% and G is the growth rate of the perpetuity which is 6%. Now we will input these values in the formula in order to find the present value of the perpetuity.

6,000/0.1-0.06

=6,000/0.04

=150,000

4 0
3 years ago
What is the purpose of unconscious bias training? include an example of how unconscious bias training can affect who gets to att
Digiron [165]

Training on unconscious prejudice has become a well-liked method of diversity education. Such training is intended to help people recognize their unconscious prejudices, provide them tools to change automatic thought processes, and ultimately aid in the eradication of discriminatory practices in the workplace.

Demonstrations of how the mind functions in ways that are outside of our awareness and control are frequently the first step in unconscious bias training.

These examples demonstrate how people unintentionally form judgments based on factors like gender or ethnicity. Unconscious bias training is one of the diversity training techniques that has more and more support.

Attending such training may help people learn more about themselves that they might not have otherwise known. They might therefore be more aware of how their biases affect how they interact with others.

To learn more about Unconscious bias here

brainly.com/question/13177484

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4 0
2 years ago
True or False: Through the use permission marketing programs, customers are allowed to select the type of communications compani
Ulleksa [173]

The given statement is true.

Customers may pick the kind of communications that businesses can have with them via usage permission marketing programs, and they can even opt to be fully removed from both email and conventional mailing lists.

Clickstream selling is the practice of making recommendations for additional purchases on websites based on previously purchased products. Businesses put a lot of effort into lowering the percentage of current customers who leave and never come back.

Consumers now have more influence over communication thanks to the emergence of new technologies. Websites monitor visitors using tools like cookies, pixels, and fingerprinting to analyze browsing habits and deliver tailored information.

To learn more about Clickstream selling  visit:brainly.com/question/28273918

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5 0
1 year ago
Johnson Co. has 1,000,000 euros as payables due in 30 days, and is certain that the euro is going to appreciate substantially ov
SCORPION-xisa [38]

Based on the fact that the Euro will appreciate, the best thing for Johnson Co. to do is to e.purchase euros forward.

<h3>What should Johnson Co. do?</h3>

The fact that the Euro is going to appreciate in value means that Johnson Co. will have to pay more in future.

They should therefore lock in a favorable Euro rate now by purchasing Euros at a forward rate.

Find out more on purchasing forward at brainly.com/question/14090802.

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5 0
2 years ago
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