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marysya [2.9K]
1 year 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]1 year 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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Answer:

Not impaired because the fair value of the equipment is greater than the carrying value of the asset by $120,000.

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2 years ago
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$32,647

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4 0
1 year ago
Despite tuition skyrocketing, a college education is still valuable. Recent calculations by the Federal Reserve Bank in San Fran
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Answer:

s = $13,014.22

Explanation:

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The sample mean is given by:

X=\frac{\$40,632 +\$35,554+\$42,192 +\$33,432 +\$69,479 +\$43,589}{6} \\X=\$44,146.33

The standard deviation is:

s=\sqrt{\frac{\sum(x_i-\$44,146.33)^2}{6-1}}\\s=\$13,014.22

5 0
2 years ago
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If there is a guest at a bar or other establishment that serves alcohol and there is an intoxicated person who is attempting to leave by driving;  the police should be called immediately.

If the person is allowed to leave while intoxicated they could cause an accident and be killed or kill someone else. If there is any way to get the keys from the driver, then that should be done quickly and safely. If the intoxicated person has a friend with them and they are sober, ask if they can drive the person home. The manager can also offer to call a taxi for the intoxicated driver.

Learn more about drunk driving at brainly.com/question/11442690

#LearnwithBrainly

6 0
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In the context of enterprise resource planning (ERP) systems, the most efficient and effective ways to complete a business proce
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