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3 years ago

The reason for the decline of the greater prairie chicken in illinois was _________.

1 answer:

5 0

The reason for the great decline of chicken prairie in Illinois is simply because there is no enough habitat left. Because people have continually changed how they used the land which was once a tall grass prairie where the birds reside. Due to such change, their space for habitat has declined resulting to the decline of the birds themselves.

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The spot price of oil is $50 per barrel and the cost of storing a barrel of oil for one year is $3, payable at the end of the ye

zalisa [80]

Answer: $55.56

Explanation:

Given the following ;

Spot price per barrel = $50

Storage cost = $3 per barrel

Interest rate(i) = 5% (continously compounded)

Period (t) = 1

Upper bound future price.

Upper bound future price = spot price per barrel + storage cost

Storage cost per barrel = $3, compounded at 5 % per annum for one year.

5÷100 = 0.05

Mathematically, present value of storage cost per barrel =

3e^-(i × t) = 3e^-(0.05×1)

3e^-(0.05) = 2.854

Upper bound for one year future price

($50+$2.854)e^0.05×1

52.854e^0.05 = $55.56

8 0

3 years ago

Read 2 more answers

On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the not

k0ka [10]

Answer:

The journal entry would be:

Explanation:

Note: Options are missing so providing the journal entry.

The journal entry would be for recording the collection of the note is:

October 30

Cash A/c.........................Dr $10,150

Interest Revenue A/c.........Cr $150

Notes Receivable A/c.........Cr $10,000

On October 30, the amount is collected so the any increase in cash is debited. Therefore, cash account is debited. And it is collected against a notes Receivable of $10,000 so it leads to decrease in liability, it is credited. Therefore, the notes receivable is credited. And the interest revenue is credited.

5 0

3 years ago

Calculate the value of a preferred stock that pays a dividend of $6.50 per share when the market's required yield on similar s

ser-zykov [4K]

Answer:

In order to find the value of a preferred stock we discount its future payments at the required yield on the stock. Because the preferred stock is perpetual in nature, meaning it pays the same amount forever, we can find it's value by dividing its dividend by its required yield. So in this case the dividend is 6.5 and the required yield is 14% so the value of the preferred stock is

6.5/0.14= $46.42

Explanation:

4 0

3 years ago

Which of the following is not an assumption of the decision-making process followed by consumers to maximize utility? rev: 04_09

Anton [14]

Answer:

The correct answer is d.The consumer does not consider the prices of the products.

Explanation:

The concept is simple. The law of supply says that the entrepreneur is willing to produce more if he can sell more, because his personal ambition for profitability leads him to this point. The law of demand says that the buyer is willing to buy at the price that he considers “fair”, and the lower it is, the more demand he will have, not only for the issue of the sense of balance between cost and benefit, but for the same income distribution: there are more people with less income.

4 0

4 years ago

Variable and absorption costing and breakeven points. Camino, a leading firm in the sports industry, produces basketballs for th

Vlad1618 [11]

Answer:

1 VARIABLE COSTING ABSORPTTION THROUGHPUT

sales 4800000 4800000 4800000

opening stock 0 0 0

produced 2940000 3320000 1260000

closing 140000 158095.24 60000

cost of sales 2800000 3161904.762 1200000

contribution 2000000 1638095.238 3600000

direct labour 1680000

fixed cost

admin 660000 660000 660000

manufacturing 380000 380000

net income 960000 978095.2381 880000

2. variable absorption throughput

breakeven $218,487 $160,976 121353.5589

3. units to be sold 145000 87640.44944 332000

Explanation:

UNIT COST 7 7.90 3

material 3 3 3

labor 4 4

fixed cost 0.90

produced units

opening 0 0 0

produced 420000 420000 420000

closing 20000 20000 20000

sold 400000 400000 400000

breakeven = fixed cost / contribution per unit

3. change in unit cost

variable absorption throughput

material 4 4 4

labour 4 4

fixed cost 0.9

unit cost 8 8.9 4

sales

opening stock

produced

closing

cost of sales

contribution 1160000 780000 1328000

direct labour 168000

fixed cost

admin 660000 660000 660000

manufacturing 380000 380000

net income 120000 120000 120000

to get the amounts for the closing stock, opening stock, produced and sold we multiply by unit cost

to get produced units we take sold stock plus closing stock less openning stock

to get the units that must be sold to make net income of 120 000

we do bottom up approach and can stop at contribution then divide it by contribution per unit.

3 0

4 years ago