3. Hunter is an intelligent businessman. He has a knack for recognizing a good deal. Hunter was very interested when his friend, Leo, was trying to sell his Xbox 360. Leo was only asking $75 for the console and two controllers. Although slightly used, everything worked and was in good condition. If Hunter closes the deal, according to the nature of exchange, what is the agreed value of the items? a. They are worth $75 because Hunter paid that amount.

b. They are worth around $200, and Hunter got a great deal.

c. The exact price can’t be determined because it is relative. They are worth more than $75 for Hunter, but at the time, they were worth less than $75 for Leo.

d. Hunter and Leo can’t determine the worth of the used items because they didn’t compare the costs of the used items and new items.

e. The market determines the value of the items based on supply and demand, so it doesn’t matter what value Hunter or Leo gi

Max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay semimonthly for it?

Which of the following has the largest impact on opportunity cost

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.