Business, 03.05.2021 20:30 lovenot1977

17 Lou and Toby both live in a little town and are trying to sell their cars. Both of their cars have a blue book value of $10,000. Lou
has an American car like most of the people in town own. Toby owns the only Bulgarian car in town. If people in their town are
risk averse, then who will get closest to the blue book value for his car?
8 01:03:03
Multiple Choice
Lou will because American cars are better than Bulgarian cars.
Lou will because there is less uncertainty about the quality of Lou's car.
Both should get the same price for their cars because both cars have the same blue book value.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:00, sbelgirl2000

Consider an economy where government expenditures are 10 and total tax revenues are 10. the supply of labor is fixed at 125 and the supply of capital is fixed at 8. the economy is described by the following equations. y k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent c 2.5 + 0.75 ( y - t ) i 10 - 0.5 r the level of private savings is

Answers: 1

continue

Business, 22.06.2019 11:20, johnlecona210

Security a has a higher standard deviation of returns than security b. we would expect that: (i) security a would have a risk premium equal to security b. (ii) the likely range of returns for security a in any given year would be higher than the likely range of returns for security b. (iii) the sharpe ratio of a will be higher than the sharpe ratio of b. (a) i only (b) i and ii only (c) ii and iii only (d) i, ii and iii

Answers: 1

continue

Business, 22.06.2019 16:10, olly09

The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense

Answers: 3

continue

Business, 22.06.2019 19:40, jair512872

Lauer corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: date transaction number of units cost per unit 1/1 beginning inventory 210 $ 910 5/5 purchase 310 $ 1,010 8/10 purchase 410 $ 1,110 10/15 purchase 255 $ 1,160 during the year, lauer sold 1,025 laptop computers. what was cost of goods sold using the lifo cost flow assumption?

Answers: 1

continue

You know the right answer?

17 Lou and Toby both live in a little town and are trying to sell their cars. Both of their cars h...