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Paul [167]
3 years ago
7

Suppose you have three producers of oil A, B, and C, with extractions costs of $8, $10, and $12 per barrel of oil. Assume there

are no user costs. Assume that each well can produce 100 barrels of oil per day. How much oil will be produced if the market price of oil is $9 per barrel?
Business
1 answer:
saw5 [17]3 years ago
8 0

Answer:

From the information given in the question, producer A will be only producer that can produced the oil if oil market price is $9/barrel as producer B and C will not cover the extraction cost at this price. Hence,  only 100 barrel oil is produced

Explanation:

Given data:

Extraction cost of oil producer A = $8

Extraction cost of oil producer B = $10

Extraction cost of oil producer C = $12

Total production of oil per day = 100

From the information given in the question, producer A will be only producer that can produced the oil if oil market price is $9/barrel as producer B and C will not cover the extraction cost at this price. Hence,  only 100 barrel oil is produced

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Ferguson Company recognized $400 of estimated manufacturing overhead costs at the end of the month. How does this transaction af
nadezda [96]

Answer:

This leads to a reduction in net income

Explanation:

Manufacturing overheads refer to those costs which indirectly relate to a good's production. Examples of manufacturing overheads would include depreciation charged on equipments used for production, rent of the factory wherein production takes place.

The effect of recognition of $400 of estimated manufacturing overheads would be reduction in net income since their recognition raises the cost of production which reduces gross profit. Consequently this would reduce the net income.

8 0
3 years ago
Linda purchased a washing machine and dryer set for $1,299 on a deferred payment plan. She needs to pay $80
lisov135 [29]

Answer:

In six months, Linda will pay : $480

Final payments :$819

Explanation:

The monthly payments are $80 for six months.

For six months, Linda will have paid $80 times six months

=$80 x 6

=$480

The amount for her final payments will be the total of the two items  minus the installment payments

=$1,299 - $480

=$819

7 0
3 years ago
Barry and his friends tended to favor a tuition increase that would be used to improve technological facilities. After discussin
swat32

Answer:

group polarization

Explanation:

Group polarization: In social psychology, the term "group polarization" is described as the propensity for a specific group to make a few decisions that are considered as more extreme as compared to the initial inclination of the group's members. However, group polarization occurs either in the direction of conservativeness or riskiness.

In the question above, the given statement represents group polarization.

8 0
3 years ago
Barbara's Bakery purchased three new 7-year assets last year. She chose NOT to use Section 179 immediate expensing or take bonus
frez [133]

Answer:

$ 4,748

Explanation:

The depreciation expenses = $(\$ 15000 \times 17.85 \%) + (\$ 6000 \times 10.71 \%)+(\$ 40000 \times 3.57 \%)$

$= \$ 2677.50 + \$ 642.6 + \$ 1428$

= $ 4748

Generally we have use half year convention for assets that are purchased during the year but here we used the mid quarter as of more than the 40% of the assets are being purchased in last quarter of the year

$=\frac{\text{assets purchased in last quarter}}{\text{total assets purchased in the year}} \times 100$

$=\frac{40000}{61000} \times 100$

$=65.57 \%$ (it is more than 40%)

Thus we can use the mid quarter mars depreciation rates for the 7 years assets that are purchased this year.

8 0
3 years ago
Seattle, home to Theo Chocolate, experiences around 155 days of rain per year. CEO of Theo, Joe Whinney, recently purchased a um
Paha777 [63]

An example of unrelated diversification is when Joe purchased the umbrella company to produce umbrellas in various colors and sizes because of the rain.

<h3>What is an unrelated diversification?</h3>

This means the situation whereby a firm enters an industry that lacks any important similarities with the firm's existing industry or industries.

Therefore, Joe purchasing the umbrella company to produce umbrellas in various colors and sizes is an example of unrelated diversification.

Read more about unrelated diversification

<em>brainly.com/question/24701406</em>

7 0
2 years ago
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