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4 years ago

The expanded flow of domestic oil production has increased the demand for oil storage facilities because

Business

1 answer:

Yuliya22 [10]4 years ago

7 0

Answer:

C.the traditional means of domestic transport have proved insufficient to handle the expanded flow of domestic oil production.

Explanation:

Here are the options to this question :

A.international oil demand has outstripped supply so more oil must be on hand in storage.

B.the demand for oil has fallen so more has to be kept in storage.

C.the traditional means of domestic transport have proved insufficient to handle the expanded flow of domestic oil production.

D.international oil storage facilities have been destroyed as a result of civil wars.

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Sales total 50,000 units a year. The statues are finished either rough or polished, with an average demand of 60% rough and 40%

Tanya [424]

Answer:

It is more profitable to not engrave the statues.

Explanation:

Giving the following information:

Sales= 50,000 units

Polished= 40% of sales

Direct material= $5 per pound

Processing= $300 to convert 30 pounds in 60 statues

Polish= $19 per unit

Engraved= $5 per unit

New selling price= $23,5

We need to determine whether it is more convenient to sell the units engraved or not.

First, we need to calculate the unitary cost of a polished unit.

The total cost of 60 units= 5*30 + 300= $450

Unitary cost (normal)= 450/60= $7.5

Unitary cost (engraved)= 7.5+5= $12.5

Total sales= 50,000*0.4= 20,000 units

Now, we can determine the total contribution margin of both options:

Sell as-is:

Total contribution margin= 20,000*(19-7.5)= $230,000

Engrave:

Total contribtuion margin= 20,000*(23.5 - 12.5)= $220,000

<u>It is more profitable to not engrave the statues.</u>

5 0

3 years ago

Assume the macro islands can build either 5 hotels or 15 stores and the micro islands can build either 4 hotels or 20 stores in

Vlad1618 [11]

<span>When you are given macro islands that can build five hotels or fifteen stores and micro islands can build around 4 hotels and 20 stores in the same time period, the data tells us that micro islands is the best option to build your business. Judging from the data, the number of possible stores in micro islands that can be built is greater than the macro islands. </span>

4 0

3 years ago

which trade sanction (embargo or subsidy) would be more effective in protecting domestic jobs? EXPLAIN WHY!!!

il63 [147K]

Answer:

International trade increases the number of goods that domestic consumers can choose from, decreases the cost of those goods through increased competition, and allows domestic industries to ship their products abroad. While all of these effects seem beneficial, free trade isn't widely accepted as completely beneficial to all parties

In simplest terms, a tariff is a tax. It adds to the cost borne by consumers of imported goods and is one of several trade policies that a country can enact. Tariffs are paid to the customs authority of the country imposing the tariff. Tariffs on imports coming into the United States, for example, are collected by Customs and Border Protection, acting on behalf of the Commerce Department.6 7 In the U.K., it's HM Revenue & Customs (HMRC) that collects the money.

8 0

3 years ago

You own a stock which has produced annual returns of 11 percent, 3 percent, 8 percent, and 14 percent over the past four years,

Nana76 [90]

Answer:

C) 9.00; 8.92

Explanation:

The arithmetic rate of return is given by:

$R_{A} = \frac{11+3+8+14}{4} \\R_{A} = 9.00$

The geometric rate of return is given by:

$R_{G} = (\sqrt[4]{(1.11*1.03*1.08*1.14)} -1) *100 \%\\R_{G} = (1.0892-1) *100 \%\\R_{G} = 8.92$

Therefore, the arithmetic rate of return is 9.00 percent and the geometric rate of return is 8.92 percent

The answer is C) 9.00; 8.92.

6 0

3 years ago

A contingent liability is:Multiple ChoiceAlways of a specific amount.An obligation arising from the purchase of goods or service

Ainat [17]

Answer:

A potential obligation that depends on a future event arising from a past transaction or event

Explanation:

A contingent liability is a potential obligation that depends on a future event arising from a past transaction or event.

Contingent liability are usually recorded in the financial statements if :

A. The contingency is likely to occur

B. The amount can be estimated.

I hope my answer helps you

5 0

3 years ago