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pshichka [43]
3 years ago
10

Per Chevron’s 3Q 2013 filing, what was the percentage change in the cost of purchased oil products when comparing nine months en

ded September 30, 2013 versus the same period in 2012?
Business
1 answer:
zalisa [80]3 years ago
5 0

Answer:

Per Chevron 3Q 2013 Filling:

The percentage change in the cost of purchased oil products nine months to September 30, 2013 when compared to nine months in 2012 was:

2.47%

Explanation:

a) Data and Calculations:

Cost of purchased oil products:

2013       $34,822,000,000

2012       $33,982,000,000

Change $840,000,000

Percentage Change = $840/$33,982 x 100

= 2.47%

b) The implication is that Chevron's cost of purchased oil products in third quarter of 2013 increased by 2.47% when compared with the same period in 2012.  This percentage change is calculated by subtracting the Q3 2012 cost of purchased oil products from the Q3 2013 cost of purchased oil products and then dividing the difference by the Q3 2012, and multiplying by 100.  The change could be caused by increases in the price of oil products or other variables.

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Suppose the elasticity of demand for your parking lot spaces, which are located in a downtown business district, is –1.8, and th
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ELASTIC

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Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

The demand for your parking lot spaces is elastic. if the price of parking is reduced, the demand for parking would rise

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3 years ago
Describe voluntary exchanges
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Voluntary exchange is the actions of buyers and sellers freely coming together in the marketplace to buy and sell goods. They are not restricted or told what to buy, how to buy it, or how much, by the government or any other regulator.

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3 years ago
If your income is $40,000 and your income tax liability is $5,000, your marginal tax rate is a. 8 percent. b. 12.5 percent. c. 2
Dmitry_Shevchenko [17]

If your income is $40,000 and your income tax liability is $5,000, your marginal tax rate is: b. 12.5 percent.

Using this formula

Marginal tax rat=Tax payable/Taxable income×100

Where:

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Taxable income=$40,000

Let plug in the formula

Marginal tax rate=$5,000/$40,000×100

Marginal tax rate=12.5%

Inconclusion if your income is $40,000 and your income tax liability is $5,000, your marginal tax rate is: b. 12.5 percent.

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3 0
3 years ago
When a company recognizes that the needs of one market segment is not the same as another and accordingly customizes its product
Andrej [43]

Answer:

Focus strategy.

Explanation:

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Recognising that one market segment's needs are different from another one's is the basis for focus strategy. Resources will be used to meet and satisfy the unique needs of a target segment or niche. Involve a particular product line for example children clothing, detergents, lemon juice, children's shoes and so on.

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3 years ago
Morristown Industries has an issue of preferred stock outstanding that pays a $12.60 dividend every year in perpetuity. If the r
lilavasa [31]

Answer:

$80 per share.

Explanation:

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           Rate of return= 15.75%

  Now, finding the price per share.

Formula; Price per share= \frac{Dividend}{Rate\ of\ return}

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Hence, price per share is $80 for Morristown Industries.

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