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9966 [12]
3 years ago
9

You have just won a contest where the prize is either a new motorcycle, with an MSRP of $30000, or $20000 in cash. You do not ha

ve a motorcycle license, nor do you plan on getting one. You estimate you could sell the motorcycle for $25000. Which prize should you choose, and what is the value of that option using the valuation principle
Business
1 answer:
Vilka [71]3 years ago
4 0

Answer: The motorcycle because you can sell it for more cash than the cash prize option. Value = $25000 (the price you can sell it for.)

Explanation:

Based on the scenario in the question, we've been given three options which are a new motorcycle, with an MSRP of $30000, or $20000 in cash.

The manufacturer's suggested retail price (MSRP) is simply the price that the producer of a product recommends ifor the product to be sold in retail stores.

Based on the scenario, the best option will be to choose the motorcycle. This is because it can sold for an amount that is not than the cash prize option of $20,000 since the motorcycle is valued at $25000.

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Suppose a nation opened its borders to the free flow of workers from other nations. how would this event likely affect the long-
OverLord2011 [107]

Answer:

B) both curves would shift to the right.

Explanation:

The long-run aggregate supply (LRAS) curve will shift to the right because the production costs will decrease, increasing total production output and lowering prices.

The production possibilities frontier (PPF) will also shift to the right because more production output increases total supply, and that increases the production possibilities of the country.

5 0
3 years ago
Julius asks Rachel if she would like to sell her boat. Rachel privately has no interest in selling her boat, and believes that J
katrin [286]

Answer:

formed a valid contract because Rachel's outward expressions showed the formation of a contract.

Explanation:

In contract, outward expressions refers to a situation when both parties has directly communicate the terms of a certain transaction and agreed upon it.

The contract is considered as 'valid' and considered to be a verbal agreement as soon as Rachel proposed a price and Julius agreed upon it.

One thing to remember, Even though this contract is considered as valid , it would be hard for Julius to held Rachel accountable to court since he has no way to proof that the verbal agreement has been made.

8 0
2 years ago
Generally, when business startup costs exceed the maximum amount allowed, the remaining costs may be amortized over_____ months.
irina1246 [14]

Answer:

The correct answer is letter "B": 180.

Explanation:

During the first year a business operates, companies can elect to deduct up to $5,000 from their costs. If the costs are higher than $50,000, the deduction of $5,000 will be reduced by the exceeding amount. However, that exceeding amount can be amortized for up to 15 years (180 months).

8 0
3 years ago
John and Jen are married and decide to open three deprecate accounts for their money what is the most likely reason for this
aivan3 [116]
One for just regular card usage, one for savings and one for emergencies.
6 0
3 years ago
Justin and Edwardo were hired by the same network support firm. One year later, Edwardo receives a promotion to team leader. Jus
alexira [117]

Answer:

Team skills

Explanation:

Team skills are the qualities that enable one to work well with colleagues in projects and other collaborations. Having teamwork skills gives one the ability to work amicably with fellow workers, superiors, and clients.

Teamwork involves assisting the team in achieving its objectives quickly and efficiently. Employers favor employees who can lead a well-gelled team. Eduardo got the promotion because he was better with the team.

Some qualities of teamwork skills include.

  1. Communication skills
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  3. Problem-solving skills
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7 0
2 years ago
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