Answer: D
Explanation:
We are given a comparison between 'economic growth' and 'growth energy consumption' and told that the first increased and the second did not. We are also told that a certain amount of oil is being saved by energy improvements. As it is difficult to infer a likely answer in 'must or could be true' type questions, we'll go over all of the options, the Alternative approach.
A. We have no information on the relative ease of finding new sources of oil. No
B. We have no information on how to reduce oil imports. No
C. We have no information on what caused energy consumption to remain steady. No
D. This is exactly what happened so is true. This is almost certainly our answer, let's go over (Correct )
E. We have no information on the link between development of energy sources and growth. No
(D) is our answer; note that all other answers explicitly added information not in the original passage. This is what you need to watch out for in these types of questions.
Answer:
The bonds were issued at $87,590,959
Explanation:
The bonds will be issued at the present value of the coupon and maturity discounted by the market rate
C 6,000,000.000 ( 100 million x 6%)
time 30 (2051 - 2021)
market rate 7% = 7/100 = 0.07
PV $74,454,247.1010
PV of the maturity
Maturity 100,000,000.00
time 30.00
rate 0.07
PV 13,136,711.72
Total current value of the bonds:
PV coupon $ 74,454,247.1010
PV maturity $<u> 13,136, 711.7155 </u>
Total $87,590,958.8165
Answer:
1. International Business means that the company has no interest in investing into foreign countries yet is fully turned towards their home country. It's a group of people that work for some non-profit organization and they have no benefit.
2. Multinational Corporation means that the company invests in foreign countries and work for the profit.
Answer:
See below
Explanation:
First, we need to get the predetermined rate
Predetermined rate = Cost of manufacturing overhead / Cost driver
= $1,800,000/60,000
= $30
We will now calculate the application.
Actual labor hours × rate
= 61,500 × $30
= $1,845,000
We will now compare actual with overhead cost
= Applied Overhead cost - Actual manufacturing overhead
= $1,845,000 - $1,810,000
= $35,000
The above is an over application of overhead cost because the cost applied exceed the actual cost.
