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Identify something you buy or sell that could be bought or sold using an auction. How would you run the auction? Do a benefit-co

denis-greek [22]

There are various things that could be bought or sold by an auction such as Collectibles and art, antiques, real estate sporting goods etc.

There are several ways to conduct an auction, but the first-price auction and second-price sealed-bid auctions are the most common. In first-price auctions, the person whose bid is highest than the base offer will win the auction. The highest bidder in a sealed-bid auction with a second price pays for the second-highest bid. If there are several bidders on a piece of real estate, for instance, the property will go to the highest bidder, but in this situation, the highest bidder will only have to pay the price of the second-highest bid.

The cost-benefit analysis indicates that auctions will aid in the sale of the rare products at a price over its minimum worth, based on the cost-benefit analysis. The best profit will therefore be made in this situation, but the consumer surplus is still positive.

Learn more about auction here:

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6 0

1 year ago

What makes online payment services necessary? A. Individuals who sell items online cannot afford to deal with credit card compan

shepuryov [24]

B. It is too risky to <span>use credit cards online, and online payment services have better security because of the increasing number of hackers that may steal money from your bank account.</span>

6 0

3 years ago

Read 2 more answers

James Corporation is planning to issue bonds with a face value of $502,500 and a coupon rate of 6 percent. The bonds mature in 7

sweet-ann [11.9K]

Answer:

a.

Bond Price = $563,333.90007 rounded off to $563,333.90

b.

Bond Price = $502500

c.

Bond Price = $437232.16025 rounded off to $437232.16

Explanation:

To calculate the quote/price of the bond today, which is the present value of the bond, we will use the formula for the price of the bond. As the bond is a semi annual bond, we will use the semi annual coupon payment, semi annual number of periods and semi annual YTM. The formula to calculate the price of the bonds today is attached.

a. Case A: Market interest rate (annual): 4 percent

Coupon Payment (C) = 502500 * 0.06 * 6/12 = $15075

Total periods remaining (n) = 7 * 2 = 14

r or YTM = 4% * 6/12 = 0.02 or 2%

Bond Price = 15075 * [( 1 - (1+0.02)^-14) / 0.02] + 502500 / (1+0.02)^14

Bond Price = $563,333.90007 rounded off to $563,333.90

b. Case B: Market interest rate (annual): 6 percent

Coupon Payment (C) = 502500 * 0.06 * 6/12 = $15075

Total periods remaining (n) = 7 * 2 = 14

r or YTM = 6% * 6/12 = 0.03 or 3%

Bond Price = 15075 * [( 1 - (1+0.03)^-14) / 0.03] + 502500 / (1+0.03)^14

Bond Price = $502500

c. Case C: Market interest rate (annual): 8.5 percent.

Coupon Payment (C) = 502500 * 0.06 * 6/12 = $15075

Total periods remaining (n) = 7 * 2 = 14

r or YTM = 8.5% * 6/12 = 0.0425 or 4.25%

Bond Price = 15075 * [( 1 - (1+0.0425)^-14) / 0.0425] + 502500/(1+0.0425)^14

Bond Price = $437232.16025 rounded off to $437232.16

7 0

3 years ago

W. W. Phillips Company produced 4,000 leather recliners during the year. These recliners sell for $400 each. Phillips had 500 re

andre [41]

Answer:

a. Statement of cost of goods manufactured.

$ $

Beginning work-in-process inventory 13,040

Raw Materials :

Beginning materials inventory 46,800

Add Purchases of raw materials 320,000

Available for Production 366,800

Ending materials inventory (66,800) 300,000

Direct labor 200,000

Indirect labor 40,000

Rent, factory building 42,000

Depreciation, factory equipment 60,000

Utilities, factory 11,900

Ending work-in-process inventory (14,940)

Cost of goods manufactured 652,000

b. Average cost of producing one unit of product in the year.

Average cost = Total Cost ÷ Total units produced

= $652,000 ÷ 4,000

= $163.00

c. Prepare an income statement for external users.

$

Sales (3,800 × $400) 1,520,000

Less Cost of Goods Sold ($163.00 × 3,800) (619,400)

Gross Profit 900,600

Less Expenses :

Salary, sales supervisor (90,000 )

Commissions, salespersons (180,000 )

General administration (300,000)

Net Income / (Loss) 330,600

Explanation:

<u>Determination of leather recliners sold during the year.</u>

Units Sold = Opening Finished Inventory + Units Produced - Ending Finished Inventory

= 500 + 4,000 - 700

= 3,800

Other Notes :

Include only manufacturing costs in the statement of goods manufactured.

External users would want to see an income statement prepared using an absorption costing system in line with financial reporting standards.

5 0

3 years ago

As owner of a retail franchise food store, Mary Grey purchases supplies based on specials advertised nationally throughout the f

drek231 [11]

Answer:

a. sharing information across the organization

Explanation:

A franchise is an organisation that is authorised to use the brand of another to conduct business. The parent company provides support such as information about the brand and their business activity, and training to the franchise.

In the given scenario Mary Grey was surprised to find customers asking for specials she hadn't been informed of in advance.

This is a failure in the function of sharing information across the organisation.

Ideally information.on products and various campaigns should be first communicated to the franchises before they get to the customer

4 0

3 years ago