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Bas_tet [7]
3 years ago
6

Suppose that you are a big fan of the Harry Potter books. You would love to own a copy of the very first printing of the first​

book, but unfortunately you​ can't find it for sale for less than​ $5,000. You are willing to pay at most​ $200 for a​ copy, but​ can't find one at that price until one day in a used bookstore you see a copy selling for​ $10, which you immediately buy. Are you being irrational if you keep the copy rather than sell it?
Business
1 answer:
Anastasy [175]3 years ago
7 0

Answer:

I consider it wouldn't be irrational

Explanation:

Since you have now a collectible book that, in a few years more from now would cost even more.

Must of the antiques that didn't cost to much in certain time now can be in auction and people make a lot of money with them.  

When you have a collectible you need to find Collector Clubs or dealers, search over the internet and compare prices and then you can determinate when it is a good moment to sell.

Hope It helps

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As an important control for the occurrence assertion related to sales, the computer starts with the population of daily sales in
7nadin3 [17]

Answer:

A. bill of lading

Explanation:

The bill of lading is the document that supports the sales invoice as the bil of lading contains the details regarding the shipment and the confirmation with respect to the delivery

So as per the given situation since it is mentioned in the question that for shipping documents the sales invoice should be supported by the bill of lading

hence, the same is to be considered

8 0
2 years ago
Dole, the sole owner of Enson Corp., transferred a building to Enson. The building had an adjusted tax basis of $35,000 and a fa
faust18 [17]

Answer:

C. $40,000

Explanation:

For computing the amount of the gain recognized, first we have to calculate the gain recognized based on the adjusted basis

= Cash received + fair market value of the stock - adjusted cash basis

= $40,000 + $60,000 - $35,000

= $100,000 -$35,000

= $65,000

But the cash is received for $40,000. So, only $40,000 of gain would be recognized. As in the case of transfer, if the amount is received other than the stock so the amount which is received is recognized as a gain i.e $40,000

4 0
3 years ago
Accourding to the quantity theory of money all countries with the same average annual rates of inlfation must also have the same
xz_007 [3.2K]

True According to the quantity theory of money, if the amount of money in an economy doubles, all else equal, price levels will also double.

Definition: The quantity theory of money states that the money supply and price level in an economy are directly related to each other. When the money supply changes, the price level changes proportionally, and vice versa.

The quantity theory of money states that the price level multiplied by real output is equal to the money supply multiplied by the speed or rotation of the money supply. Speed ​​is generally stable.

Learn more about annual rates at

brainly.com/question/25793394

#SPJ4

4 0
1 year ago
Which concept do businesses use to earn income?
Studentka2010 [4]

Answer:

Businesses use three types of profit to examine different areas of their companies.

1. Gross profit subtracts variable costs to revenue for each product line. Variable costs are only those needed to produce each product, like assembly workers, materials, and fuel. It doesn't include fixed costs, like plants, equipment, and the human resources department. Companies compare product lines to see which is most profitable.

2. Operating profit includes both variable and fixed costs. Since it doesn't include certain financial costs, it's also commonly called EBITA. That stands for Earnings Before Interest, Tax, Depreciation, and Amortization. It's the most commonly used, especially for service companies that don't have products.

3. Net profit includes all costs. It's the most accurate representation of how much money the business is making. On the other hand, it may be misleading. For example, if the company generates a lot of cash, and it's invested in a rising stock market, it may look like it's doing well. But it might just have a good finance department, and not be making money on its core products.

Explanation:

4 0
3 years ago
Self-Study Problem 10-1 Master Budget
natita [175]

Answer:

a.-Sales Budget (in dollars).      

     

Budgeted sales in units     6,000

Budgeted selling price per unit            $40  

Budgeted sales              $240,000  

     

     

b.  Production Budget (in units)  

 

     

Desired ending inventory (July 31)      

(The higher of 100 and 7,000 x 0,1)     700

Budgeted sales for July 2002    + 6,000

Total units needed for July 2002     6700

Beginning inventory (July 1)    -  

(The higher of 100 and 6,000 x 0,1)     600

Units to manufacture in July     6100

C.-Production Budget (in units)  

for August 2002  

Desired ending inventory (8,000 x 0,1)     800

Budgeted sales    + 7,000

Total units needed     7800

Beginning inventory    - 700

Units to manufacture in August     7100

d.-Direct Materials Purchases Budget (in pounds)      

For July 2002      

      Direct Materials  

     Dura-tOOO  Flexplas

     (4Ib. each)  (2Ib. each)

       

d Materials required for budgeted        

production (6,100 units of duraflex)     24,400    12,200  

Add: Target inventories (lower of 1,000 or 5 percent of        

August production needs)   1,420   710   1000   710  

Total materials requirements      25,400    12,910  

Less: Expected beginning inventories (lower of 1,000 orr 5 percent)                                                                                     .                                                      1,220   610   1000   610  

Direct materials to be purchased    24,400    12,300  

e.Direct Materials Purchases Budget (in dollars)        For July 2002        

     Budgeted  Expected  

     Purchases  Purchase  

     (Pounds)  Price per Unit  Total

Dura-lOOO      24,400    $1.25    $30,500  

Flexplas       12,300    $5.00    $61,500  

Budgeted purchases         $92,000  

Explanation:

The firm's policy is to maintain a minimum of 100 units of duraflex on hand at alltimes with no fewer than 10 percent of units on hand at the end of a period to meet              

the expected sales for the following month. 100     10%  

             

All materials inventories are to be maintained at 5 ercent of the production needs for the next month, 5%  but not to exceed 1000 pounds 1000                      

The firm expects all inventories at the end of June to be within the Guidelines.

The purchase department expects the materials to cost $1.25 per pound          $1.25 and $5.00 per pound of dura-lOOO and flexplas, respectively.          $5.00      

             

The production process requires direct labor at two skill levels.          rate per unit  The rate for labor at the K102 level is $50 per hour and           $50.00   $0.50 for the K175 level is $20 per hour.   $20.00      

The K102 level can process one batch of duraflex per hour;          1  each batch consists of 100 units. 100  No. of units in one hour rate per unit              

The manufacturing of duraflex also requires one-tenth of an hour of K175 workers' time 0.10  10.0   $2.00  for each unit manufactured.                          

Manufactured overhead is allocated at the rate of $200 per batch and $30 per $200.00  per batch DIirect labor-hour. $30.00  per direct labor-hour.    

       

6 0
3 years ago
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