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Natali5045456 [20]
3 years ago
11

If current rates of use and extraction do not change, known natural gas reserves are expected to last ____________ years.

Business
1 answer:
Otrada [13]3 years ago
7 0

40-55 years is the expected number of years that known natural gas reserves are expected to last given that the current rates of use and extraction<span> do not change. The world has 40-55 years left to find an alternative to oil before it runs out.</span> 

 

 

 

<span> </span>

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Selected financial statement data for Schmitzer Inc. is shown below: 2021 2020 Balance sheet: Inventories 75,000 63,000 Ratios:
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The amount of net sales for 2021 is $1,035,000.

Average inventory = (Beginning inventory + Ending inventory) / 2

Average inventory = ($63,000 + $75,000) /2

Average inventory = $69,000

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6 = Cost of goods sold / $69,000

Cost of goods sold = $414,000

Given Gross profit ratio is 40%: Gross profit = 40% on sales

Let the sales be $K

Gross profit = Sales - Cost of goods sold

0.4K = K - $414,000

0.4K = $414,000

K = $414,000 / 0.4

K = $1,035,000

Therefore, the amount of net sales for 2021 is $1,035,000.

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<em>brainly.com/question/14161287</em>

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2 years ago
Prior to closing, a final walkthrough of the property should be performed to ensure that everything has remained as stated in th
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Answer:

D. Buyer

Explanation:

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3 years ago
The cumulative feature of preferred stock
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Answer:

B) requires that dividends not paid in any year must be made up in a later year before dividends are distributed to common shareholders.

Explanation:

In cumulative feature of preferred stock, the preference shareholders have priority of shareholders over common shareholders in the year subsequent to the year in which the dividend is not distributed.  All other options given in the question are incorrect.

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What two reasons are given for why wages differ between jobs?
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A company has a beginning owner’s capital of $100,000. It has net loss for the current year of $50,000 and paid $10,000 in divid
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Answer:

The ending owner’s capital for the company is $40,000

Explanation:

For computing the ending owner capital, the following equation should be used which is shown below:

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= $100,000 -- $50,000 - $10,000

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The net loss and dividend decrease the owner equity which ultimately decreases the capital. So, we deduct these amounts.

Hence, the ending owner’s capital for the company is $40,000

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