In the First Quarter of the Year (January Through March)

question 37

Short Answer

In the first quarter of the year (January through March), a commission merchant sold several consignments of construction equipment, some used and some new. The sales price was $112,900 for the new equipment and $58,400 for the used equipment. The merchant charges commission rates of 10% to sell new equipment and 15% to sell used equipment. The merchant paid total freight charges of $2,490 to have the equipment delivered to the various buyers. Compute the net proceeds from the sales.

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Definitions:

Territory

An area that an animal or group of animals consistently defends against conspecifics or sometimes predators, often for resources or mating rights.

Economic Defensibility

The concept in socioecology that a resource can be defended against competitors at a cost that is less than or equal to its value.

Arbitrary Contest Resolution

A method of determining the outcome of a conflict among animals or individuals using signals or behaviors that do not directly relate to the physical strength or dominance of the participants.

Resource-Holding Potential

The ability of an organism to defend resources such as food, territory, or mates against competitors, which can affect its reproductive success.