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3 years ago

Explain the roles of demand and supply in changing gasoline prices after hurricane katrina and rita

1 answer:

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In the immediate aftermath of hurricane Katrina and Rita, supply of gasoline was very low, as suppliers of gasoline,were unable to bring gas to the stations. This raised prices drastically as demand increased due to people fleeing the devastation.

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Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under-

olga55 [171]

Answer:

Compute overhead applied and the under- or overapplication of overhead for the period

Budgeted Rate = $1,600,000/ 400,000 machine hours

= $ 4 per Machine Hour

Overheads Applied = 390,000 × $ 4 per Machine Hour

= 1,560,000

Actual Overheads = 1,575,000

Less Applied Overheads = 1560,000

Under- Applied = 15,000

Explanation:

Overheads are Applied as follows:

Actual Activity for the period × Budgeted Overhead Rate

Budgeted Rate is determined as follows:

Budgeted Total Overheads/Budgeted Activity

Under- or Overapplication of overhead is determined as follows:

Actual Overheads - Applied Overheads

Under Application is therefore : Actual Overheads > Applied Overheads

Over Application is therefore : Actual Overheads < Applied Overheads

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3 years ago

The Allied Corporation analyzes a project that requires an immediate investment of $440. Allied estimates that at the end of the

olga_2 [115]

Answer:

NPV = $100.4002 rounded off to $100.40

Explanation:

The NPV or net present value is the present value of a project or business's cash flows which are calculated by deducting the cash outflows from the cash inflows. NPV is a tool or criteria used for investment and project appraisal. The NPV can be calculated as follows,

NPV = CF1 / (1+r) + CF2 / (1+r)^2 + .... + CFn / (1+r)^n - Initial Outlay

Where,

CF1, CF2, ... represents the cash flows in Year 1, Year 2 and so on.
r represents the discount rate

NPV = 660 / (1+0.075) + [ -85 / (1+0.075)^2] - 440

NPV = $100.4002 rounded off to $100.40

8 0

2 years ago

Entrepreneurs who have the ability to effectively confront demands or stressors, and thus improve entrepreneurial performance, t

Aleksandr [31]

Any entrepreneurs that have the ability to effectively confront demands or stressors, and thus improve entrepreneurial performance, tend to have an entrepreneurial self-efficacy.

<h3>Who is an entrepreneurs?</h3>

This refers to the individual that starts and runs a business with limited resources, planning and responsible for all the risks and rewards of their business venture. Their business idea usually entails a new product or service rather than an existing business model.

When an entrepreneur have a self-efficacy, it means he/she belief in his or her capacity to execute behaviors necessary to produce specific performance attainments.

Read more about entrepreneurs

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2 years ago

The most effective long-range solution to a situation where a foreign government is demanding local participation in a multinati

pentagon [3]

The most effective long-range solution to a situation where a foreign government is demanding local participation in a multinational corporation's business activities in the host country is planned domestication.

Any company that is registered and conducts business in more than one nation at once is referred to as a multinational corporation (MNC), sometimes known as a transnational corporation. The corporation typically operates totally or partially owned subsidiaries in other nations while having its headquarters in one particular nation.

MNCs provide their goods and services in many different nations, necessitating global management. Multinational companies have many assets, a high rate of turnover, and aggressive marketing. The Multinational companies in India include LTI, TCS, Tech Mahindra, Deloitte, and Capgemini, to name a few.

Learn more about Multinational companies here

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4 0

1 year ago

Determine which of the following bags of chips of comparable quality has the lowest per-unit cost and, thus, is the best buy.A.

Leto [7]

Answer:

B. Brand B, 10 oz. bag for $3.90

Explanation:

The lowest per unit cost of different brands can be calculated using the following formula

Cost per oz=Cost per bag/number of oz in that bag

Brand A Cost per oz=3.60/8=$0.45

Brand B Cost per oz=3.90/10=$0.39

Brand C Cost per oz=6.50/16=$0.406

Brand D Cost per oz=0.59/1=$0.59

So the answer is B. Brand B, 10 oz. bag for $3.90

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3 years ago