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Ilia_Sergeevich [38]
3 years ago
8

Which of these statements is true about a nonrenewable energy resource

Business
2 answers:
gogolik [260]3 years ago
7 0

Answer:

B. It is used up faster than it is made

Explanation:

Nonrenewable resources are largely fossil fuels that take millions of years to form. These fuels have high carbon content. These fuels include petroleum, natural gas and coal and others of the sort. Once they are used up it will take earth millions of years and natural processes over the years to replenish them thus, they are not easy to replace.

Hope that helps.

Sedaia [141]3 years ago
6 0

Answer:

Option B: it is used faster than it is made

Explanation:

In economic terms, energy resources are categorized into two(2) types namely:

Renewable energy resource

Non-renewable energy resource

Renewable energy resources are resources which are limitless. Example of renewable energy resources are solar, wind etc.

Non-renewable energy resources are resources that are not replaced with the same speed with which they are used up. It is the exact opposite of renewable energy resource. It is not infinite. Examples of non-renewable energy resources include crude oil, coal, uranium, natural gas etc.

So the statement, non-renewable energy resource is used up faster than it is made is true.

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Answer:The Current Portion of debt in month 16 is $1461958.53 (rounded off to two decimals)

Explanation:

The question requires us to calculate the balance of the loan in 16 months time. The Balance of the Loan is calculated by taking the loan amount and calculates the Future Value of the amount (in 16 months) and subtract the Future Value of Monthly Loan Payments.

The Monthly Payments were not provided in the question so the first thing we need to do is to calculate monthly payments

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Loan Balance (current potion of debt in 16 months time)

Loan Future Value Formulae = Loan Amount (1 + r)^n

Future Value of Monthly Payments = Payments ((1 + r)^n - 1)/r

Current Porting of debt = Loan Amount (1 + r)^n -  Payments ((1 + r)^n - 1)/r

Current Porting of debt = 1650 000(1 + 0.065/12)^16 - 20219.949846((1 + 0.065/12)^16 - 1/(0.065/12)

Current Porting of debt = 1798958.8403 - 337000.31512

Current Porting of debt = 1461958.5252

The Current Portion of debt in month 16 is $1461958.53 (rounded off to two decimals)

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Dr Salary Expense $3,140

Cr Salary expense outstanding $3,140

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