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Ann [662]
3 years ago
14

A market: a. reflects upsloping demand and downsloping supply curves. b. always requires face-to-face contact between buyer and

seller. c. is an institution that brings together buyers and sellers. d. entails the exchange of goods, but not services.
Business
1 answer:
shepuryov [24]3 years ago
6 0

Answer:

c. is an institution that brings together buyers and sellers.

Explanation:

A market: is an institution that brings together buyers and sellers.

In mainstream economics, the concept of a market is any <u>structure that allows buyers and sellers to exchange any type of goods, services and information. </u>The exchange of goods or services, with or without money, is a transaction.

Furthermore it can be said to be any place where sellers of particular goods or services can meet with buyers of those goods and services by creating the potential for a transaction to take place.

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7 0
3 years ago
Several years ago, Nicolas, a timber dealer, purchased a tract of land with a substantial stand of trees on it. The land cost $8
Tpy6a [65]

Answer:

Nicolas has a $75000 § 1231 gain

ordinary gain = $35,000

Explanation:

Data provided in the question:

Cost of the land = $8,000

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Appraised value of timber = $325,000

Selling cost of the timber = $360,000

Now,

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Thus,

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Therefore,

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5 0
3 years ago
All of Ameliorate Inc.'s sales are on account. 60% of the credit sales are collected in the month of sale, 30% in the month foll
Sidana [21]

Answer:

Total cash collection= $530,000

Explanation:

Giving the following information:

<u>Sales:</u>

February $500,000

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April $600,000

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Cash collection credit sales from April= (600,000*0.6)= 360,000

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Total cash collection= $530,000

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3 years ago
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A Contracting Officer notifies you of an acquisition for a specific requirement and asks you to assist with market research to i
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Answer: tactical market research

Explanation:

The type of market research that will be used is the tactical market research. A tactical market research is typically done when there is a particular acquisition or need. It is designed in such a way that the specific questions can be answered.

Since the contracting officer notifies of an acquisition for a specific requirement and asks you to assist with market research to identify potential small businesses who could perform the work, the tactical market research should be used.

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