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3 years ago

How was Rockefeller able to build his monopoly across the oil industry?

2 answers:

8 0

Rockefeller built the Standard Oil Company in which he bought up oil refineries, cut costs, and reinvested his profits in other refineries.

Mariana [72]3 years ago

6 0

He bought up oil refineries, cut costs, and reinvested his profits in other refineries.

You might be interested in

Which agency can request that more money be printed?

Lubov Fominskaja [6]

Answer:

Explanation:

Watch the netflix show "The Money Heist" they print money out is the treasury in spain.

And i took the test for A.p.e.x

4 0

3 years ago

. Gibson Company sales for the year 2019 were $4.5 million. The firm’s variable operating cost ratio was 0.45 and fixed costs (t

MariettaO [177]

Answer:

See solutions below

Explanation:

1. The degree of combined leverage

= (Sales - Variable costs) / EBIT - Interest

Sales = $4.5 million

Variable costs = 0.45 × $4.5 million

= $2,025,000

EBIT = $4,500,000 - $2,025,000 - $1,000,000

= $1,475,000

Interest = 12% × $2,400,000

= $288,000

Therefore,

DCL = [$4,500,000 - $2,025,000] / $1,475,000 - $288,000

= $2,475,000 / $1,187,000

= 2.09

2. Gibson expected degree of leverage

Sales = 15% × $4.5 million

= $5,175,000

Fixed cost = $200,000 + $1,000,000

= $1,200,000

Variable cost = $0.42 × $2,025,000 - $2,025,000

= $2,025,000 - $850,500

= $1,174,500

EBIT = $5,175,000 - $1,174,500 - $1,200,000

= $2,800,500

Interest = $2,400,000 + $900,000

= 12% × $3,300,000

= $396,000

DCL = $5,175,000 - $1,174,500 / $2,800,500 - $396,000

= $4,000,500 / $2,404,500

= 1.66

8 0

4 years ago

Consistency of behavior is an asset to an organization when the organization Group of answer choices Has an aggressive culture E

user100 [1]

Correct question: Consistency of behavior is an asset to an organization when the organization ________.

A) has an aggressive culture

B) encourages innovation and risk taking

C) is highly departmentalized

D) has an employee oriented culture

E) operates in a stable environment

Answer:

E, operates in a stable environment

Explanation:

Consistency of behavior is the tendency of a individual to behave in a way or manner that they are known to behave from the past.

This consistency of behavior helps to ensure that the individual makes the best decisions which optimally ensures success of organization. THe consistency of an indidvidual's behiour is dependent on the environment created by the ogranization. A stable environment ensures behavioural consistency while an unstable condition within an organization could bring about the opposite.

Cheers.

3 0

3 years ago

A hurricane in Florida destroys half of the orange crop. Illustrate the effect this has on the market for oranges. Demand Supply

myrzilka [38]

Answer:

As a result of half the orange crop being destroyed, there will be a shortage in the supply of oranges. This will shift the supply curve for oranges to the left as shown in the graphic.

Notice that the equilibrium price becomes higher. As a result of this, the Consumer surplus will decrease because they are now paying more than they would like to pay.

The situation will largely be the same in the market for orange juice because orange is the main component for orange juice. Orange juice supply will decrease and the supply curve will shift left.

Prices will rise and Consumer surplus will decrease.

Note: Second graph x-axis is Quantity of orange juice.

8 0

3 years ago

Consider an investment opportunity set formed with two securities that are perfectly negatively correlated. The global minimum-v

natka813 [3]

Answer:

D.) equal to 0

Explanation:

If a portfolio is made up of two securities that are perfectly negatively correlated, meaning that if one increases its value, the other one will decrease in the exact opposite way, the standard deviation of the portfolio will always be 0. You can determine the variance for each stock, but due to the perfectly negative correlation, they will cancel out.

6 0

3 years ago