Demand drives the price up. Supply shortages would be cause for offshore drilling. I am an ROV pilot in the Oil & Gas Industry and trust me we have enough supply. There just needs to be more demand for oil.
Answer:
The Journal entry is as follows:
Cash A/c Dr. $2,27,500
Loss on sale of Receivables A/c Dr. $20,500
Due from Commercial Factor A/c Dr. $10,000
To Recourse liability $8,000
To Accounts Receivable $2,50,000
(To record the sale)
Working notes:
Cash received
:
= $250000 - Finance Charge - Amount retained (Due from factor)
= $250000 - 5% of 250000 - 4% of 250000 = 250000 - 12500 - 10000
= $2,27,000
Loss on sale of receivables
:
= ($250000 × 5%) + Recourse obligation (as the factoring is with recourse)
= $12500 + 8000
= $20,800
Answer:
Why did the Guardbark want people to leave trees alone? ... He wanted the trees to be left alone because they give us oxygen and are the habitats of lots of diverse species.
I found this answer on google so I hope this helps.
CPI (Consumer Price Index) is a measure of changes in prices paid by consumers for goods and services. It is used to estimate the changes in prices.
Therefore;
Change in prices = (CPI in current year - CPI in base year)/CPI in base year
Substituting for the values given in the current problem
Changes in prices = (108-100)/100 = 8/100 = 0.08 or 8%.
This shows that prices increased by 8% in the current year compared to the base year.
