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kakasveta [241]
4 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]4 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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Windsor, Inc. just began business and made the following four inventory purchases in June: June 1 138 units $828 June 10 184 uni
Liono4ka [1.6K]

Answer:

$1,150

Explanation:

Given the above information, the value of the inventory method on June 30, using LIFO method would be calculated as;

= $828 + [ ($1,288 ÷ 184) × (184 - 138) ]

= $828 + (7 × 46)

= $829 + $322

= $1,150

Therefore, the ending inventory on June 30, using LIFO method is $1,150

7 0
3 years ago
The comparison of two things using like or as
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A comparison between two things<span> that does </span>use<span> "like" or "as" is a simile </span>
5 0
4 years ago
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What causes a surplus and how can it be fairly quickly resolved? What are the determinants of inelastic demand?
Bess [88]

1.       The cause of a surplus is when quantity that are produced are not equivalent with the demanded quantity and by this, there is likely an effect of the supply or demand to be in excess, creating surplus.

2.       It can be quickly resolved if the quantity produced is as equal with demand quantity.

3.       The determinants of inelastic demand are the following;

<span>·         </span>Categories of product

<span>·         </span>Substitutes (few)

<span>·         </span>Less time given

<span>·         </span>Necessities

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4 0
3 years ago
The method that uses a certain percentage of each year's net sales to estimate the uncollectible account is called the:
allsm [11]

Answer:

Percentage of net sales method

Explanation:

By using the percentage of net sales method, a business assumes that a certain percentage of the year's net sales will be uncollectible. This method relies on historical correlation between sales and uncollectible account from previous periods and can be highly reliable if a strong correlation can be observed.

3 0
3 years ago
Cyberterrorism involves the deployment of malware that secretly steals data in the computer systems of organizations, such as go
zalisa [80]

Answer: False

Explanation:

The qualities described in the question is cyberespionage not cyberterrorism. Cyberterrorism involves making use of internet airspace to issue threats of terror to people in a location.

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