At his comic book store, Korey’s Comics, Korey sells approximately $3,250 in comic books each month. But as a comic book dealer, Korey only pays $1,285 for these comic books. Korey’s monthly operating expenses, including labor, are $875. Calculate Korey’s monthly net income. a. $1,090 b. $1,965 c. $2,375 d. $2,840 Please select the best answer from the choices provided A B C D

Answers

Answer 1

Answer:

a. 1,090

Explanation:

Without any other information provided, the easiest way to answer this question is to make directly the calculations of income and costs. the logic behind this problem is to calculate all the income and substract the costs of production, in this particular case we have:

+Income: 3,250

-Cost of goods: 1,285

-Operating expenses: 875

Net Income: 1,090

Answer 2

Answer:

The correct answer is C on Edge practice test. I used quizlet.

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Fred bought life insurance five years ago. He forgot to tell them that he had a heart condition, and, as a result of that condition, he recently died. Which of the following provisions prevents the life insurance company from refusing to pay his beneficiaries because of his original fraudulent misrepresentation?a. Incontestability clause
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Answers

Answer:

The answer, in this case, would be option a. or Incontestability clause.

Explanation:

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The stocks of firms that don t meet listing requirements for stock exchanges are traded on the _____ market.

Answers

The stocks of firms that don't meet listing requirements for stock exchanges are traded on the over-the-counter market. An over-the-counter market is decentralized, without a central physical location.

Which of the following statements is TRUE? A. Total consumer surplus is represented graphically by the area beneath the demand curve.
B. Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and its market price.
C. Bill is willing to pay $10 for a pound of clay. If he buys a pound of clay at a market price per pound of $5, his consumer surplus is $2.
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Answers

Answer:

B. Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and its market price.

Explanation:

As we know that the consumer surplus shows a difference between the maximum price willing to pay for a good or for rendering the service and the market price

In mathematically,

The consumer surplus = Willing to pay - Market price

Therefore, the correct statement is option B as the rest of the statements are wrong.

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Answers

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Answers

Answer:

c. external failure costs

Explanation

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Answers

Answer:

The answer is: TRUE

Explanation:

Logrolling refers to the trading of favors, or quid pro quo, usually carried out by legislators (representatives, senators, city council members, etc.) for mutual political gain by voting for each other's proposed bills or amendments.

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