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sladkih [1.3K]
3 years ago
15

John’s home is up for sale. He originally bought it five years ago for $300,000. Its current value is $350,000. His real estate

agent notified him that a buyer just made an offer on his home for $365,000, which is the price other similar homes in the neighborhood are selling for and John accepts. What does the price of $365,000 represent?
Business
1 answer:
Mumz [18]3 years ago
8 0

Answer:

Market value

Explanation:

The market value of a product is the price at which a buyer is willing to purchase a good irrespective of prevalent price of a commodity. It is that amount a buyer and seller are willing to strike a deal for given normal market conditions.

In this scenario John originally bought his five years ago for $300,000. Its current value is $350,000. His real estate agent notified him that a buyer just made an offer on his home for $365,000.

Despite the house now being $350,000, $365,000 is the market price at which the buyer and seller are willing to settle.

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What is the one-word term for a decrease in economic activity that could last for months or longer
Y_Kistochka [10]

Answer:

Recession.

Explanation:

Recession: It is defined as a gradual decline in economic activity as consumer and business spend a lesser amount of money in the market, which leads to a decline in the gross domestic product of the nation. If there is a decline in GDP for consecutive two quarters then it is an indicator that the economy is heading toward recession. It is also considered a business cycle contraction.

7 0
3 years ago
One industry with a reputation for less-than-stellar customer service is that of the nation's pay-tv providers. much of the terr
musickatia [10]
<span>In order to cut costs, most of the pay TV providers have incorporated large call centers where they hire poorly trained and low paid employees to answer customer calls. These employees lack incentive and generally don't care much about customers. One exception to the rule is DirecTV. They are known for the best customer service record in the industry. It uses outsourcing, but they have motivation, something lacking from other providers. Their reps get free satellite TV in their homes once they have been on the job for three months and are invited to special DirecTV events where they have chances to meet and greet celebrities and NFL stars. They are also given the ability to handle complaints themselves rather than just listening, noting and transferring calls.</span>
5 0
3 years ago
Jordan paid $682 for 124 cupcakes that each cost the same amount. Find the price of one cupcake.
weeeeeb [17]

Answer:

Your answer is 5.5

Hope it helps

3 0
4 years ago
When writing a cover letter, which of the following salutations should be used?
miskamm [114]

Answer:

The correct option is B

Explanation:

The salutation is the greeting which is to be mentioned at the starting of the cover letter, and it is involved in a resume, when the person is applying for a job. When the person is writing a cover letter or either sending a email message in order to apply for the job.

It is vital to involve a right as well as an appropriate greeting at the starting so that set the tone for the letter, that is should be appropriate as well as professional.

The salutation or the greeting which is to be used when writing the cover letter is Dear the name of the employer or the person (for example, Dear Mr Jones, Mr Brown).

6 0
4 years ago
Read 2 more answers
Some of Intel's financial statement data includes:
Nata [24]

Answer:

ROE 2016 = 34.375%

Explanation:

ROE or return on equity is a measure of the profitability of the business. It is calculated as a relation of profitability to the equity.

The Dupont equation is an expanded version of calculating the ROE. It is calculated using the Net Profit Margin, the Total assets turnover and the equity multiplier.

The formula for calculating ROE under this method,

ROE = Net Income / Sales  *  Sales / Total Assets  *  Total Assets / Equity

ROE (2016) = 11000 / 100000  *  100000 / 125000  *  125000 / 32000

ROE (2016) = 0.34375 or 34.375%

6 0
4 years ago
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