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zysi [14]
3 years ago
15

Pump prices slide as crude oil falls to​ six-year low The average price for regular gasoline at U.S. pumps fell almost 4 cents i

n March to​ $2.50 a gallon. The price of crude oil dropped to​ $43.46 per barrel on March​ 17, the lowest since March 2009. ​Source: Bloomberg Business​, March​ 23, 2015 Explain the effect of a lower crude oil price on the supply of gasoline. A fall in the price of crude oil will​ ______.
Business
1 answer:
max2010maxim [7]3 years ago
5 0

Answer:

lower the cost of producing gasoline and increase the supply of gasoline 

Explanation:

Crude oil is an input needed in the production of gasoline. If the price of crude oil falls, it would become cheaper to make gasoline and therefore the supply of gasoline would increase.

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Sophie works as a superior in the bakery at pick and pay. what level of management is she?
bagirrra123 [75]

Answer:

First-line manager.

Explanation:

Because Sophie is a "superior" instead of being called a "Restaurant Manager" or "Owner" she would be considered front-line.

5 0
3 years ago
Choose the correct way to complete the sentences to explain how to draw concentric circles when doing a freehand sketch.
taurus [48]

1st one is "extended tripod grip" and second one is "rotating the paper with your free hand and pulling it towards your body".

4 0
3 years ago
At the end of 2021, Larkspur Co. has accounts receivable of $653,700 and an allowance for doubtful accounts of $24,200. On Janua
Taya2010 [7]

Answer:

January 24, 2022, Madonna Inc.'c account is written off

Dr Allowance for doubtful accounts 4,245

    Cr Accounts receivable 4,245

the cash realizable value of the accounts receivable account:

  • before the write off = $653,700 - $24,200 = $629,500
  • after the write off = ($653,700 - $4,245) - ($24,300 - $4,245) = $629,500

The net balance of the account does not change because the allowance for doubtful accounts is a contra asset account that already decreased the accounts receivable balance.  

8 0
3 years ago
When two countries decide to engage in specialization and exchange the advantage is: Group of answer choices Their production po
kompoz [17]

Answer:

They will be able to consume at a point outside their production possibilities frontier.

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.  

Factors that cause the PPF to shift  

1. changes in technology.  

2. changes in available resources.  

3. changes in the labour force.  

A country engages in the specialisation of a good for which it has a comparative advantage in its production and purchases goods for which it has a comparative disadvantage in its production .

an advantage of specialisation is that it allows countries to consume goods for which its not efficient in its production. Thus it allows to consume unattainable goods given the resources of the country. As a result, they will be able to consume at a point outside their production possibilities frontier.

4 0
2 years ago
Being able to ________ is a key benefit for those who study management. Multiple Choice relate to their managers and deal with o
Arlecino [84]

Answer:

relate to their managers and deal with organizations from the outside

Explanation:

When you study management, you will understand the type of strategic planning that the company could implement along with the way the manager have to enforce the plan.

By having this information, you can have better understanding on what the managers want from you and act accordingly in order to win their favor. This will benefit you greatly if you want to rise in the corporate rank.

On top of that, knowledge in management also grant you with the ability to predict the plan of your competitors' management team. You can adjust your plan to counter this plan and win the competition in the market.

7 0
3 years ago
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