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tester [92]
3 years ago
9

You purchased a ticket to the musical Hamilton through a verified reseller for $457.00. When your ticket arrives, you see that t

he face value printed on it is $259.00.
Which of the following is correct?
a.The rate in the secondary market is below the equilibrium price because it falls below the face value.
b.The rate in the secondary market is above the equilibrium price because it exceeds the face value.
c.The face value is above the equilibrium price because the rate in the secondary market is below the face value.
d.The face value is below the equilibrium price because the rate in the secondary market exceeds the face value.
Business
1 answer:
Anton [14]3 years ago
5 0

Answer:

d.The face value is below the equilibrium price because the rate in the secondary market exceeds the face value.

Explanation:

Equillibrumnprice is defined as the price at which a buyer is willing to buy and a seller is willing to sell a product.

The buyer is willing to buy the ticket at $457 and the reseller also wants to sell at that price, so this is the equillibrum price.

The face value is $259 so it is less than the equillibrum price.

The rate in the secondary market is determining equillibrum price in this case.

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tamaranim1 [39]

Answer:

Power Distance

Explanation:

Power Distance -

It refers to the distribution of the power and strengths within any organisation if referred to as power distance .

In most of the scenario the distribution of power is very unequal and unfair .

Most of the high power people tends to dominate over others and misuse their strengths in a very unfair manner .

Hence , from the given scenario of the question ,

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8 0
3 years ago
.Grannis Corporation purchased land in order to construct a new factory . Expenditures incurred by the company were as follows:
katovenus [111]

Answer:

The amount recorded in the Land account is $61,200    

Explanation:

The cost of acquisition/purchase of a landed asset includes all the normal, reasonable and necessary costs incurred in obtaining the land and getting it ready for use. These cost includes the price of the land, the legal fees, title fees, taxes, excavation costs etc. On the other hand, cost of improvements on the land are recorded on improvement on asset accounts, where depreciation is put in consideration when computing cost. This is separate from acquisition cost because, there is no depreciation on a land. The cost is calculated as follows:

purchase price = $ 45,000

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accrued taxes  = $    2,000

demolition        = $    2,700

grading             = $    1,500

excavation       =  $    2,000

Total                 =  $ 61,200

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Korolek [52]

Answer:

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Explanation:

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Nataly_w [17]

Answer:

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Use the above graph to answer the following question. Which situation could cause the market for mystery books to shift from lin
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