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3 years ago

When Hurricane Katrina shut down many oil refineries, the supply curve for oil

2 answers:

4 0

When Hurricane Katrina shut down many oil refineries, the supply curve for oil shifted to the left. This is because the oil refineries in the Gulf of Mexico shut down which meant the supply for oil dropped.

zhenek [66]3 years ago

4 0

Answer: Option A

Explanation: In simple words, supply refers to the quantity that the producer is willing to offer and sell to the market at a given price. When the natural calamity shuts down the oil refineries the ability of the producer to supply oil will decrease eventually leading to decrease in supply.

The decrease in supply will shift the supply curve to the left. Hence the correct option is A.

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Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2017, GII estimated the foll

Andru [333]

Answer:

July's direct material flexible−budget variance is $ 1500.unfav

Explanation:

Genent Industries, Inc. (GII),

Budgeted quantity Budgeted price

Direct materials 0.3 pounds $20 per pound

Direct labor 0.7 hours $20 per hour

Actual Price for 15000 pounds and 2,875 DLH

Direct Materials $17 per pound

Direct manufacturing labor hours wages $20.50 per hour.

July's direct material flexible−budget variance is $ 1500. unfav

Budgeted Cost for 4000 containers -Actual Cost for 4000 containers

= $ 24000- $ 25500 = $ 1500

Since the actual cost is greater it is unfavorable

Flexible Budget Variance is obtained by subtracting actual costs from flexible budget costs at a given volume.

1 container requires 0.3 pounds

4000 containers require 0.3 * 4000= 1200 pounds

But actually 1500 pounds were used .

Now costs

Budgeted Costs for 1200 pounds is = 20 *1200= $24000

Actual Costs for 1500 pounds is = 17* 1500 = $ 25 500

8 0

3 years ago

Under firm-commitment underwriting, the _______ assumes the full risk that the shares cannot be sold to the public at the stipul

Gala2k [10]

Under firm-commitment underwriting, the underwriter bears the entire risk that the shares will not be sold to the public at the specified offering price.

What is Underwriter?
Any person who assesses and takes on another party's risk in exchange for payment—which frequently comes in the form of a commission, premium, spread, or interest—is an underwriter. While underwriters work for insurance firms, agents and brokers represent both consumers and insurance companies. The mortgage, insurance, equity, and some prevalent forms of debt security trading are just a few of the financial industries where underwriters play a crucial part. Sometimes referred to as a book runner, a lead underwriter holds this position.

To learn more about Underwriter
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7 0

1 year ago

How does giving benefit both the giver and the receiver?

tangare [24]

Answer: The benefits of giving are not only reaped by the gift receivers, but also by the giver themselves in terms of their health and happiness.

Explanation: I hope that helped.

8 0

3 years ago

Money facilitates trade because: the division of labor allows goods to be produced at a lower cost. it serves as a medium of exc

Sergeeva-Olga [200]

Answer:

it serves as a medium of exchange

Explanation:

Money facilitates trades because it serves as a medium of exchange.

Trade generally involves the exchange of goods/services for another goods/services or money. The exchange of goods/services for another goods/services is termed trade by barter.

Generally, all over the world, money is recognized as a medium of exchange. Each good/service can easily be evaluated in terms of money and the amount is exchanged during trading.

5 0

4 years ago

Records are anything: papers, memos, presentations, reports, books, maps, e-mails, computer-readable material, photographs, or o

alexandr1967 [171]

Answer:

Contain information developed in preparing briefing papers, reports and studies

Explanation:

In simple words, records can be defined as the documents that keep information that is developed and scripted over time. The information can be originated through experiences, actions or research etc.

Records depict past information which is considered to be important and might be used in future for some reference. Thus, from the above we can conclude that the correct option is 1.

7 0

3 years ago