When excess demand exists for tickets to a major sporting event or a concert, profit opportunities exist for scalpers. a) draw the line for the supply curve for tickets to a sold-out venue that holds 20,000 people. b) draw a line that illustrates the face-value price of $50 per ticket. c) plot the equilibrium price that will prevail in the market if scalpers in the market if scalpers are allowed to operate in the black market. d) plot the point which indicates the quantity demanded at the face-value price.

What happens when a bank is required to hold more money in reserve?

To : of $25 up to 35 2 35 up to 45 5 45 up to 55 7 55 up to 65 20 65 up to 75 16 is$25 up to $35 ?

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.