Ask Question
BusinessBusiness
2 March, 10:36

On a mountain trek, you discover a 6-ounce gold nugget. a friend offers to pay $2,500 for it. how do you check whether this is a fair price?

+5
Answers (1)
  1. 2 March, 13:17
    0
    In order to determine the value of a gold nugget that weighs 6 ounces, you have to consider the current value of gold on the exchange. In 2009, 1 ounce of gold was determined to be valued at approximately at $38. But when buying gold nuggets, the value is increased by anywhere between 10% and 25%. The percentage of the increase is based on the smoothness, quality and aesthetic appeal of the Gold Nugget
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “On a mountain trek, you discover a 6-ounce gold nugget. a friend offers to pay $2,500 for it. how do you check whether this is a fair price? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e. g., 32.16.
Answers (1)
When the cost of the cpi market basket increases from one year to the next we know that?
Answers (1)
At work, walter feels overworked and unappreciated. he often imagines himself receiving a surprise visit from the ceo, who presents him with an award for his hard work and dedication to the company. walter is using which defense mechanism?
Answers (1)
Four hundred and eighty minutes of production time are available per day. The schedule calls for the production of 80 units per day. Each unit of the product requires 30 minutes of work. What is the theoretical minimum number of workstations?
Answers (1)
Consumer surplus is the a. amount of a good consumers get without paying anything. b. amount a consumer pays minus the amount the consumer is willing to pay. c. amount a consumer is willing to pay minus the amount the consumer actually pays. d.
Answers (1)
New Questions in Business
Purchase discounts are the same as trade discounts true or false
Answers (1)
What assets should be amortized using the straight-line method? A. Intangible assets with definite lives B. Intangible assets with indefinite lives C. Natural resources D. All of the above
Answers (1)
In The Wealth of Nations, Adam Smith discussed what has come to be known as the "diamond and water paradox" "Nothing is more useful than water: but it will purchase scarce anything; scarce anything can be had in exchange for it.
Answers (1)
Honda Motor Company is considering offering a $ 1 comma 800 rebate on its minivan, lowering the vehicle's price from $ 29 comma 400 to $ 27 comma 600.
Answers (1)
State the generally accepted accounting principle applicable to balance sheet valuation of each of the following assets. (a) Trade accounts receivable. (b) Land. (c) Inventories. (d) Trading securities (common stock of other companies).
Answers (1)
Home » Business » On a mountain trek, you discover a 6-ounce gold nugget. a friend offers to pay $2,500 for it. how do you check whether this is a fair price?
Sign Up Forgot Password?