The correct answer is the following.
A) Tax credits were offered for expenditures on home insulation. Affected the demand by decreasing it and the price decrease.
B) The Alaskan oil pipeline was completed. Affect the increase of supply and the price and the price decreases.
C) The ceiling on the price of oil was removed. Affect the decrease in demand and the price varies.
D) Oil was discovered in the North Sea. Affect the supply by increasing it and the price decreases.
E) Sport utility vehicles and minivans became popular. Affect the increase of the demand and the price increases.
F) The use of nuclear power decreased. Affect the increase of the demand and the price increases.
Many variables affect the price of oil. International prices are modified constantly and countries should have their provisions in order to prevent drastic changes to their economies due to the fluctuation of international oil practices. The important thing to consider is that not only economic factors affect the price of oil, but also political factors.
Answer:
![\left[\begin{array}{cccc}-&Budget&Variance&Actual\\IL&10,000&700&9,300\\IM&11000&-3,800&14,800\\Utilities&7,400&-2,400&9,800\\Maintenance&6,000&1,200&4,800\\Total \: Variable&34,400&-4,300&38,700\\Supervisor&35,400&0&35,400\\Depreciation&7,100&0&7100\\PT and insurance&7,700&-600&8,300\\Maintenance&6,000&0&6,000\\Total \: Fixed&56,200&-600&56,800\\Total \: MO&90,600&-4,900&95,500\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D-%26Budget%26Variance%26Actual%5C%5CIL%2610%2C000%26700%269%2C300%5C%5CIM%2611000%26-3%2C800%2614%2C800%5C%5CUtilities%267%2C400%26-2%2C400%269%2C800%5C%5CMaintenance%266%2C000%261%2C200%264%2C800%5C%5CTotal%20%20%5C%3A%20Variable%2634%2C400%26-4%2C300%2638%2C700%5C%5CSupervisor%2635%2C400%260%2635%2C400%5C%5CDepreciation%267%2C100%260%267100%5C%5CPT%20and%20insurance%267%2C700%26-600%268%2C300%5C%5CMaintenance%266%2C000%260%266%2C000%5C%5CTotal%20%5C%3A%20Fixed%2656%2C200%26-600%2656%2C800%5C%5CTotal%20%5C%3A%20MO%2690%2C600%26-4%2C900%2695%2C500%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
We list them and subtract budget - actual
When actual is greater than budget the variance is negatine.
While budget being lower than actual is considered a positive variance.
Answer:
In process improvement, a SIPOC (sometimes COPIS) is a tool that summarizes the inputs and outputs of one or more processes in table form. It is used to define a business process from beginning to end before work begins.
Answer:
Dr Deferred Tax Liability $3,750,000
Cr Income Tax Benefit-Operating Loss $3,750,000
Explanation:
Based on the information given we were told that net operating loss of the amount of $15 million was reported for financial reporting and tax purposes in which the tax rate is 25%. Therefore the journal entry to recognize the income tax benefit of the net operating loss will be :
Dr Deferred Tax Liability $3,750,000
Cr Income Tax Benefit-Operating Loss $3,750,000
($15 million *25%)
