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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 <span>shifted to the left. This is because the oil refineries in the Gulf of Mexico shut down which meant the supply for oil dropped.</span>

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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Marle Construction enters into a contract with a customer to build a warehouse for $950,000 on March 30, 2021, with a performanc

Mandarinka [93]

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, computation of the given data are as follows:

As probability is not correctly given.

Let probability be:

July 31, 2021 = 65%

August 7, 2021 = 25%

August 14, 2021 = 5%

August 21, 2021 = 5%

So, We can calculate the transaction price by using following formula:

Transaction price = (Amount + Bonus) × Probability

July 31, 2018 = ($950,000 + $50,000) × 65% = $650,000

August 7, 2018 = ($950,000 + $40,000) × 25% = $247,500

August 14, 2018 = ($950,000 + $30,000) × 5% = $49,000

August 21, 2018 = ($950,000 + $20,000) × 5% = $48,500

So, Total transaction price = $650,000 + $247,500 + $49,000 + $48,500

= $995,000

5 0

3 years ago

If you put $100 into a bank account that earns five percent interest per year, what is the formula you should use to determine t

Ainat [17]

Answer:

Future value equals the present value multiplied by one plus the rate of interest in decimals.

Explanation:

Future value = present value x (1 + interest rate)

Interest rate = present value x interest rate

3 0

3 years ago

True Tomato Inc. makes organic ketchup. To promote its products, this firm decided to make bottles in the shape of tomatoes. To

Amanda [17]

Answer:

The answer is: Physical asset specificity

Explanation:

In a business to business relationship, physical asset specificity refers to an asset, or product or service designed to fit a particular or specialized customer's need.

In this case, True Tomato needs a very specific type of bottle that probably no other ketchup manufacturer may use or want to use. So their bottle supplier specifically manufactures the tomato shaped bottle to meet True Tomato's specific requirements.

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2 years ago

Entertainment Tonight, Inc. manufactures and sells stereo systems that include an assurance-type warranty for the first 90 days.

Solnce55 [7]

The estimated cost of the assurance-warranty is $350. The accounting for warranty will include a credit to Unearned Warranty Revenue, $900

Explanation:

Entertainment Tonight, Inc. manufactures and sells stereo systems that include an assurance-type warranty for the first 90 days. Entertainment Tonight also offers an optional extended coverage plan under which it will repair or replace any defective part for 2 years beyond the expiration of the assurance-type warranty. The total transaction price for the sale of the stereo system and the extended warranty is $3,000. The standalone price of each is $2,300 and $900, respectively. The estimated cost of the assurance-warranty is $350. The accounting for warranty will include a credit to Unearned Warranty Revenue, $900.
Unearned extended warranty revenue is given to be as an unearned revenues in accrued liabilities in the balance sheets.
Revenue which comes from separately priced, self-insured service contracts is reffered at the point of sale.
Unearned revenue is a money which is received from a customer for work that has not been performed still.

7 0

2 years ago

The fact that a bank's assets tend to be long-term while its liabilities are short-term creates: multiple choice interest-rate r

kow [346]

Do you have any choices or any info so I can help you?
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3 years ago