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Dafna1 [17]
3 years ago
6

Suppose you own a bicycle but haven't found the time to ride it much lately. These days, it is only worth $45 to you. One of you

r close friends, who recently got a job at the college bookstore two miles down the road, wants to take it off your hands. He offers you $70 for the bicycle, and you gladly accept. Your friend is also happy because he thinks the bicycle is worth $103 .
Business
1 answer:
ch4aika [34]3 years ago
3 0

Answer: The total value created from the trade is $58

Explanation: The value created by me is $25 as I sold for $70 a bicycle worth $45 to me. That is $70 - $45 = $25.

On the otherhand, my friend created a value/gain of $33. He bought the bicycle for $70 but the worth to him is $103. That is, $103 - $70 = $33

In essence, the total value created will be the summation of the value created by me and that of my friend

That is, $25 + $33 = $58

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3 0
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Swifty Corporation reported net income of $203000 for the year. During the year, accounts receivable increased by $15000, accoun
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3 years ago
In the context of using information technologies for a competitive advantage, which statement is true of a top-line strategy? a.
Rudiy27

Answer:

a. It focuses on generating new revenue by offering new products and services.

Explanation:

An information system or technology can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products. Thus, an information system or technology interacts with its environment by receiving data in its raw forms and information in a usable format.

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Additionally, an information system comprises of five (5) main components;

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iVinArrow [24]

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7 0
3 years ago
Read 2 more answers
Jill earns a salary of $425.00 per week, plus a commission of 20% on all sales. Last week she sold $1,123 worth of goods. How mu
ch4aika [34]
To find 20% of the value of the goods,
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Add the salary and the commission,
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= 649.60

Therefore Jill was paid $649.60 last week

4 0
3 years ago
Read 2 more answers
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