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levacccp [35]
3 years ago
14

When excess demand exists for tickets to a major sporting event or a​ concert, profit opportunities exist for scalpers?

Business
1 answer:
allochka39001 [22]3 years ago
8 0
Here is the answer. When excess demand exists for tickets to a major sporting event or a​ concert, profit opportunities exist for scalpers because they do work efficiently because they allow ticket prices, especially those in high demand to reach an equilibrium by supplying those who want a ticket at market price allowing them to get one, and by allowing those with utilities below the market price to <span>sell them. With their help, no tickets would be gone to waste. Hope this answers your question.</span>
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The idea of boundaryless organization was first conceptualized by Jack Welch who wanted to eliminate any form of barrier (both internally and externally) in the way General Electrics carried out its operations.

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Answer:

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Date       Particulars                       Debit         Credit

1-Mar      Treasury Stock              $35,000

                     To Cash                                       $35,000

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10-Apr       Cash A/c (1250*$18)    $22,500

                        To Treasury Stock (1250*14)      $17,500

                        To Additional Paid in Capital     $5,000

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12-Jun       Cash A/c (1250*12)                      $15,000

                  Additional Paid in Capital A/c   $2,500

                          To Treasury Stock (1250*14)                 $17,500

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