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Gnesinka [82]
3 years ago
14

Pacific Petroleum holds huge reserves of oil assets. Assume that at the end of 2018​, Pacific Petroleum​'s cost of oil reserves

totaled $ 50,000,000​, representing 5,000,000 barrels of oil.
Requirement:
1. Which method does Pacific Petroleum use to compute​ depletion?
Business
1 answer:
const2013 [10]3 years ago
3 0

Answer:

Units of production method

Explanation:

The formula to compute the depreciation expenses under the units-of-production method:

Depreciation per miles or hours = (Original cost - residual value) ÷ (estimated production)  

For first-year or for another year, the depreciation expense would be

= Production units in a year × depreciation per miles or per hour

So, for computing the depletion, the unit of production method is used                                        

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In june, an investor purchased 350 shares of oracle (an information technology company) stock at $20 per share. in august, she p
madreJ [45]
<span>In June, number of shares = 350; Stock Price = $20 Total Oracle share price in June = 350 x 20 = 7000 In August, additional number of shares = 420; Stock price = $24 Total Oracle share price in June = 420 x 24 = 10080 In November, additional number of shares = 470; Stock price = $33 Total Oracle share price in June = 470 x 33= 15510 Final total share price = 7000 + 10080 + 15510 = 32590 Final number of shares = 350 + 420 + 470 = 1240 Mean price per share = Final total share price / Final number of shares = 32590 / 1240 = $26.28</span>
8 0
3 years ago
Rudolph overhears Macy's plans to go skydiving over spring break. Not really knowing Macy, but figuring it's worth a chance, Rud
borishaifa [10]

Answer:

False.

It wasn't stated if the life insurance covers risky hobbies/activities like skydiving

Explanation:

In this scenario Rudolph does not know Macy. Most likely they are not related for him to tender Macy's death certificate in fulfillment of the requirements for payment.

Delays to payouts may also arise if:

The insured party died during the course of illegal activity such as driving under the influence.

The insured party lied on the policy application.

The insured omitted health issues or risky hobbies/activities like skydiving.

5 0
3 years ago
The interest rate is 5% in the market for loanable funds. Investors wish to borrow $100 million and savers wish to save $125 mil
xxMikexx [17]

Answer:

D. Fall; Surplus

Explanation:

Loanable Funds

This is simply the sum total of all the money individuals in an economy or nation have decided to save and lend to borrowers as an investment rather than use for individual consumption. The market describes how money is borrowed. It illustrates the interactions between savers and borrowers in a country.

Interest rate here is determined by the demand and Supply of loanable funds. When the Savers and More than the borrowers, that is, supply is larger than demand, interest Rate generally FALLS (drops). This is as a result of the SURPLUS loanable funds available.

A good example is in the question, where the borrowers want 100million and the Savers are saving 125 million.

The Savers amount are more than the borrowers amount by 25 million, hence a fall in interest rate due to that Surplus.

4 0
3 years ago
What was the most damaging effect of bank failures in the great depression?
dusya [7]

The most damaging effect of bank failures in the great depression was that the peoples lost their jobs that were working in the banks.

<h3>What is the great depression?</h3>

The great depression was the very bad condition of the economy, where there was the fall in the aggregate economy. This phrase started from the year 1929, that continues till 1939.

Many peoples lost their jobs and became unemployed due to the execution of the great depression. The most detrimental effect of bank failures during the Great Depression was that people that worked in banks lost their employment.

Therefore, The great depression was started from the United States and spread to all over the world.

Learn more about the great depression, refer to:

brainly.com/question/17642418

#SPJ4

4 0
2 years ago
Lomack Company's bonds have a 8-year maturity, a 8% coupon, paid semiannually, and a par value of $1,000. The market interest ra
Vsevolod [243]

Answer:

Bond Price = $1,196

YTM = 2.1000% or 0.0210

Explanation:

Given the maturity years = 8 years

Coupon rate = 8%

Par value = $1000

Market interest rate = 5%

Since there is semi annual compounding payment so the number of payments, N = 8 * 2 = 16  

Half year interest rate = I/Y = 5/2 = 2.5

Annuity payment or PMT = 0.08 × 1,000/2 = 40

FV = 1,000

CPT PV

Present value, PV = -1,195.82504

Price = $1,196

PMT = 1,000 × 0.035 = 35

Future value, FV = 1,000

Present value, PV = -1,125.1

N = 10

CPT I/Y

Now, I/Y = 2.1000

YTM = 2.1000% or 0.0210

8 0
3 years ago
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