1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Stells [14]
3 years ago
15

A ticket reseller purchases a ticket to a football game for $40 and offers it for sale at a price of $75. A consumer is willing

to pay $90 at most for the ticket, and purchases it at $75. What does the $50 difference (between $40 and $90) represent?
Business
1 answer:
Burka [1]3 years ago
7 0

Answer:

profit + consumer surplus.

Explanation:

The profit obtained by the reseller is given by the difference between the amount received on sale ($75) and the purchase price ($40). The consumer surplus is determined as the difference between the willingness to pay ($90) and the actual amount paid ($75). Therefore, the difference between $90 and $40 is the profit plus the consumer surplus.

You might be interested in
________ is a set of activities and techniques firms employ to efficiently and effectively manage the flow of merchandise from t
xz_007 [3.2K]

<u>Supply Chain Management</u><u>  is a set of activities and techniques firms employ to efficiently and effectively manage the</u><u> flow of merchandise</u><u> from the vendors to the retailer's customers.</u>

  • The chance to boost sales by making sure the ideal product is available at the ideal moment. Integration of transportation middlemen, warehouses, stores, manufacturers, and suppliers into a seamless value chain.
  • reduction of system-wide costs while providing the level of service that customers demand. More variety, fewer stock outs, lower transport and inventory holding costs, and higher ROI.

Supply Chain Management What Is It?

The management of a product's creation and flow, from sourcing raw materials to production, logistics, and delivery to the final consumer, is known as supply chain management (SCM).

What are the four supply chain stages?

The four components of the supply chain—integration, operations, purchasing, and distribution—work together to create a route to competition that is efficient.

Learn more about Supply Chain Management

brainly.com/question/18850093

#SPJ4

8 0
2 years ago
In 1896, the first Green Jacket Golf Championship was held. The winner’s prize money was $160. In 2015, the winner’s check was $
Talja [164]

Answer:

r = 0.080528395 = 8.05%

Winner's Prize at 2044:  $ 15,215,114.02

Explanation:

Principal \: (1+ r)^{time} = Amount

Principal 160

Amount 1,610,000

time: 2015 - 1896 = 119

160 \: (1+ r)^{119} = 1,610,000\\ r = \sqrt[119]{1,610,000 / 160} -1

r = 0.080528395

If the same rate for the winner's prize is being keep by 2044 the winner will get:

Principal \: (1+ r)^{time} = Amount

Principal 1,610,000.00

time 29.00 (2044 - 2015)

rate 0.08053

1610000 \: (1+ 0.0805283946683808)^{29} = Amount

Amount 15,215,114.02

3 0
3 years ago
On May 1, 2020, Vaughn Inc. entered into a contract to deliver one of its specialty mowers to Kickapoo Landscaping Co. The contr
Alchen [17]

Answer:

May 1, 2020 - No Entry

Explanation:

IFRS 15 requires an entity to recognise revenue <em>when</em> entity transfers the goods or services to the customer.

Transfer of the mower happens on May 31, 2020, this is the date at which Revenue is recognised.

The cash is also paid on May 15, 2020, according the <em>accruals concept</em>, no entry must be done on May 1,2020. Only when the payment occurs should there be a record in Vaughn books.

7 0
3 years ago
How has the pattern of trade changed in the United States since 1960?
ki77a [65]

Answer:

The correct answer is letter "B": Imports have grown faster than exports, and the United States has become a net importer.

Explanation:

International trade is not just a major engine of the U.S. economy, but for the global economy. The total trade share in terms of the global Gross Domestic Product was 25% in 1960 and it has raised to 56% in 2017. Though, imports have surpassed the level of exports, making America be a net importer. Main imports are in the form of raw materials for the production of different goods mainly vehicles, and clothing.

5 0
2 years ago
Hello Im Angelina If you want Brianliest Please anwser my questions I may need hep understandings any subject I dont want anwser
SashulF [63]

Answer:

ok i got u

Explanation:

8 0
3 years ago
Other questions:
  • Messer Company purchased equipment for $24,000. The company is considering whether to determine annual depreciation using the st
    11·1 answer
  • A 480 item pencil and paper standardized test of 20 personality dimensions used in selecting managers, sales associates and lead
    13·1 answer
  • Jennifer's company wants to increase online sales of a featured product by connecting with users who are actively researching si
    15·1 answer
  • Sprouts Corporation reported net cash provided by operating activities of $412,000, net cash used by investing activities of $25
    5·1 answer
  • Z is a normal good. The equilibrium price and equilibrium quantity of Z in the year 2011 was $25 and 60 units, respectively. In
    7·1 answer
  • The defect rate for data entry of insurance claims at Sadegh Kazemi Insurance Co. has historically been about 1.50​%. This exerc
    14·1 answer
  • You have been working for home-building companies for a number of years. You enjoy construction work, and now you want to start
    8·2 answers
  • Your aunt is thinking about opening a hardware store. She estimates that it would cost $300,000 per year to rent the location an
    14·1 answer
  • The Hallmark Card Company is able to maintain good dealer relationships because it limits the number of stores in a geographic a
    8·1 answer
  • The share price falls when a dividend is paid because the reduction in cash decreases the?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!