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3 years ago

If OPEC decided to cut oil production for the coming year, what would be the MOST LIKELY effect?

Business

2 answers:

LekaFEV [45]3 years ago

3 0

Answer:

Maybe a loss in jobs?

Explanation: Because people who work for the oil company have to stop working idk

KATRIN_1 [288]3 years ago

3 0

Answer:

B) oil prices would probably rise

Explanation:

According to the laws that describe the forces of supply and demand, if the quantity provided by producers decreases, and the amount demanded stays equal, there would be an excess of demand and the prices will rise in order to correct such a market disequilibrium . In fact, OPEC uses this strategy of cutting total production when they feel that prices are lowering, with the objective of enhancing them.

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n its recent income statement Tyler Toys Inc. reported $72.5 million of net income, and in its year-end balance sheet it reporte

Levart [38]

$29.50

I hope this helps you :)

5 0

2 years ago

On Thursday, Justin flies from Baltimore (where the office for his sole proprietorship is located) to Cadiz (Spain). He conducts

muminat

Answer:

a. For tax purposes, what portion of Justin’s trip is regarded as being for business?

The whole trip is considered a business trip because Justin started working before the weekend and continued to work after the holiday was over. He is not responsible for bad weather conditions.

b. Suppose Monday was not a legal holiday. Would this change your answer in (a)? Explain.

Yes, it would make a difference since a legal holiday counts as a labor day, so Justin legally worked immediately after the weekend, but if Monday wasn't a holiday and he got back to work on Tuesday, then he couldn't consider Saturday, Sunday nor Monday as business days.

c. Under either (a) or (b), how much of Justin’s airfare qualifies as a deductible business expense?

the airfare is 100% deductible under any scenario

6 0

3 years ago

Which of the following is least likely a function of the centeral bank in an economy? 1. Managing the country's foreign exchange

Pavlova-9 [17]

Answer:

the rigt answer is A.

Explanation:

One of the main functions of the central bank is to manage and protect gold and foreign exchange reserves in the country.

5 0

3 years ago

A sales associate wants to earn at least $90,000 next year. she plans that 60% of the income will come from listings sold and 40

Nataly [62]

60% of $90,000 is: 60/100*90,000=0.6*90,000=54,000
So, the sales associate plans $64,000 from the total income to come from sold listings .
40% of $90,000 is: 40/100*90,000=0.4*90,000=36,000
So, the sales associate plans $36,000 from the total income to come from sales made.
If the average commission from listings sold is $3,000 she must cell X=64,000/3000=21,3 ~22 listings (at least) in order to achieve her goal.

5 0

3 years ago

BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $128,400 paid to its employee, and FICA Medicare

aev [14]

Medicare tax is always payable on gross pay as Descibed below|

Explanation:

Note: 1

FICA Social security’s tax

FICA - social security tax is payable on maximum wages of $128,400.

Once an employee's year to date earnings or cumulative earnings exceed the wage base of $128,400, no additional Social Security tax isto be withheld from the employee's earnings.

So, before calculating the FICA - social security tax, we have to check whether the September earnings along with cumulative earnings until August is exceeding $128,400 or not .

If September earnings plus cumulative earnings until August is exceeding $ 128,400, then.

Social Security tax = [($128,400 minus Cumulative earnings until August) or gross salary whichever is lesser] into 6.20%. and if it is not, then

Social Security tax = Gross pay during September into 6.20%

Note 2

FICA minus Medicare tax

Medicare tax is always payable on gross pay. Medicare tax = Gross pay x 1.45%

6 0

3 years ago