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marysya [2.9K]
2 years ago
7

An artist buys scrap metal from a local steel mill as a raw material for her sculptures. Last​ year, she purchased $7,000 worth

of scrap metal. With the steel she produced 10 authentic sculptures that she sold for $1,000 each to a local art dealer. The art dealer then sold all of the sculptures to art collectors for an average of​$1,200 each.
The total value added of the art dealerart dealer is $__. ​(Enter your response as an​ integer.)
Business
1 answer:
Lyrx [107]2 years ago
8 0

Answer:

$2000

Explanation:

The total value added by the art dealer would equal the amount of profit that the art dealer made off of the sale of all the sculptures created by the artist. Therefore to calculate this we must subtract the amount that the artist sold each sculpture for ($1000) from the amount that the art dealer sold each sculpture for ($1200) and then multiply the remainder by the amount of sculptures (10) like so:

$1200 - $1000 = $200

$200 * 10 = $2000

Therefore the total added value of the art was $2000.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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Elena has been absent without excuse twice during the past month. Her manager calls her into his office and issues a written​ wa
Leona [35]

Answer:

Basic corrective action

Explanation:

Basic corrective action is undertaken by management to its staff or employees in order to eliminate further recurrence of non-conformity with organization procedures, rules and policies. The written warning to Elena is an example of basic corrective action in order for her to stop absenteeism from work.

3 0
2 years ago
A sales associate moves from Jacksonville, Florida, to Atlanta, Georgia. The associate continues to be employed by the same brok
-BARSIC- [3]

Answer: The sales associate must notify the DBPR in writing within 60 days regarding her change in residency

Explanation:

The options are:

a. The states associate broker is required to file the change of address on her behalf.

b. The sales associate broker is not required to notify DBPR because she did not change employers.

c. The sales associate must notify the DBPR in writing within 60 days regarding her change in residency.

d. The sales associate must file an application for Georgia real estate license.

From the question, we are informed that a sales associate moves from Jacksonville, Florida, to Atlanta, Georgia. The associate continues to be employed by the same broker, who has an office in Atlanta.

Based on the scenario, the sales associate should let the DBPR be aware that he or she has moved from

Jacksonville, Florida, to Atlanta, Georgia by writing to them within 60 days regarding her change in residency.

6 0
2 years ago
_____ is the control of behavior by manipulating its consequences
melomori [17]
It is operant conditioning.
4 0
2 years ago
In a large metropolitan market, it is relatively easy to set up a law office. The ease of entry explains why you will find hundr
MissTica

Answer:

1

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

In a perfect monopoly, there is only one firm operating in the industry

In a  monopolistic competition, differentiated products are sold

In an oligopoly, there are few large firms

8 0
1 year ago
Acme corporation currently has a 20% market share in a $15 billion industry (measured by sales revenue). emca corporation curren
denpristay [2]
Industry sales = $15 billions
Acme market share = 20%
Emca market share = 17%

Acme market share in form of sales:
Acme marker share = 20% of $20 billion = (20/100)*20 = $3.00 billions

Emca market share in form of sales:
Emca market share = 17% of $20 billions = (17/100)*20 = $2.55 billions

Difference between the market shares for two companies as a percentage:
Difference = |20%-17%| = 3% of $20 billion
3 1
2 years ago
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