Suppose you own a bicycle but haven't found the time to ride it much lately. These days, it is only worth $41 to you. One of your close friends, who recently got a job at the college bookstore two miles down the road, wants to take it off your hands. He offers you $70 for the bicycle, and you gladly accept. Your friend is also happy because he thinks the bicycle is worth $91. How much total value was created from this trade?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose you own a bicycle but haven't found the time to ride it much lately. These days, it is only worth $41 to you. One of your close ...” 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
Mason has a Mason Painting Services has a weekly payroll of $28,000. December 31 fails on Wednesday and Mason will pay its employees following Monday (January 5) for the previous full week.
Answers (1)
Suppose two factors are identified for the U. S. economy: the growth rate of industrial production, IP, and the inflation rate, IR. IP is expected to be 4% and IR 5%. A stock with a beta of 1 on IP and 0.
Answers (1)
At the end of 2016, wildhorse co. has accounts receivable of $690,100 and an allowance for doubtful accounts of $25,090. 1. on january 24, 2017, it is learned that the company's receivable from madonna inc.
Answers (1)
Planned spending through budgeting is part of the "spending" component of financial planning activities. is true or false
Answers (1)
The 2011 income statements of Leggett & Platt, Inc., reports net sales of $3,636.0 million in 2011 and $3,359.1 million in 2010. The balance sheet reports accounts and other receivables, gross of $527.9 million at December 31, 2011, and $501.
Answers (1)
New Questions in Business
Suppose that due to a poor economy, 1 million workers lost their jobs, causing the unemployment rate to increase to 10%. After a few months of searching, 300,000 of these unemployed workers give up looking for work.
Answers (1)
Which of the following statements is true about skill-based pay? A. Skill-based pay provides a way to ensure that employees can use their new skills. B. Gathering market data about skill-based pay is easy. C.
Answers (1)
What does SMART stand for in terms of Business Aims and objectives
Answers (1)
Is it legal for south African firms to collude with one another to set prices, provide some evidence in support of your answer
Answers (1)
If berkeley shirtmakers ties compensation directly to output by paying an employee a certain amount for each unit of output produced, it is using
Answers (1)