All categories

3 years ago

Which of the following statements about ticket scalping is correct? Multiple Choice

Business

1 answer:

hjlf3 years ago

7 0

Answer:

B. Scalping tends to be prevalent when there is a shortage of tickets.

Explanation:

Ticket scalping -

It is the method of buying the tickets of any event or show and then selling them at a much higher price to another person , is known as the process of ticket scalping .

It is an illegitimate practice .

Hence , during the shortage of ticket , the process of ticket scalping is increased .

Hence , the correct statement regarding Ticket scalping , is ( B. ) .

You might be interested in

Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning in

Slav-nsk [51]

Answer: $51

Explanation:

A, B, C, D, E, F, G were purchased for $2.50 per letter which means they cost;

= 7 * 2.50

= $17.50

H to L were purchased at $4.50 per letter which means they cost;

= 5 * 4.5

= $22.50

M to R were purchased at $5.50;

= 6 * 5.5

= $33

Total inventory cost = 17.50 + 22.50 + 33 = $73

Inventory sold = 2.5 + 2.5 + 2.5 + 4.5 + 4.5 + 5.5

= $22

Ending Inventory = Total inventory - inventory sold

= 73 - 22

= $51

8 0

3 years ago

Jerry lives in New Mexico and makes $52,000 a year. If the median annual income in New Mexico is $53,731 and the median annual i

daser333 [38]

Yes, Jerry is likely to qualify, since his yearly income is below the median annual income of New Mexico.

4 0

4 years ago

Read 2 more answers

Les Stanley established an insurance agency on July 1, 20Y5, and completed the following transactions during July: Opened a busi

crimeas [40]

Answer:

A. Net Income = $22,790

B. Shareholders' equity balance is = $69,490

Explanation:

Requirement A:

Les Stanley

Income Statement

For the year ended, July 31, 2015

Revenues:

Fees Earned $28,500 (1)

Expenses:

Rent expenses $2,600 (3)

Automobile Expense $2,000 (4)

Office Salaries $4,200 (5)

Miscellaneous expense$ 800 (6)

Interest Expense $ 110 (7)

Total Expenses $5,710

Net Income $22,790

Note - 1: Fees earned = $28,500 (Journal 3)

2. Common stock = $50,500 (Journal 1)

3. Rent expense (Journal 4)

4. Automobile expense (Journal 5)

5. Office salaries (Journal 7)

6. Miscellaneous expense (Journal 6)

7. Interest on payable (Journal 8)

8. Dividends (Journal 10)

Requirement B:

Les Stanley

Statement of shareholders equity

For the year ended, July 31, 2015

Particulars Share R. E* Total

Balances, July 1, 2015 $0 0 $0

Add: Issued Capital $50,500 (2) 0 $50,500

Add: Net Income $0 $22,790 $22,790

Less: Dividends (8) $0 $(3,800) $(3,800)

Balances, July 31, 2015 $50,500 $18,990 $69,490

Therefore, shareholders' equity balance is = $69,490

5 0

3 years ago

On June 1, 2019, James places in service a new automobile that cost $40,000. The car is used 60% for business and 40% for person

Rina8888 [55]

Answer:

The answer is given below;

Explanation:

As per Section 179 of IRS ,the maximum cost recovery shall be $25,000 for the vehicle if the vehicle is used more than 50% for business and its weight is between 6,000 pounds GVWR and 14,000 pounds GVWR.

We assume that weight of vehicle is between 6,000-14,000 pounds and the vehicle is 60% used in business. Further the vehicle is in service before 31 December 2019.Therefore the cost recovery deduction shall be $25,000 in 2019

6 0

4 years ago

If philip b decided to formulate a lower-price, lower-quality hair care line, it should sell this new product line at.

Len [333]

If Philip B decided to formulate a lower-price, lower-quality hair care line, it should sell this new product line at Target and other big-box retailers. This is further explained below.

<h3>What is retail?</h3>

Generally, retail is simply defined as a trade often known as "consumer sales," which refers to the practice of selling products directly to end-users rather than wholesalers or retailers.

In conclusion, If Philip B were to create a new, lower-priced, lower-quality line of hair care products, it would be well-served to market these goods at Target and other discount department stores.