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nasty-shy [4]
4 years ago
8

Although other countries are finding non-traditional oil reserves and establishing methods of extraction to retrieve them, who i

s still the king in proven oil reserves?
Business
1 answer:
EleoNora [17]4 years ago
8 0
I think the correct answer would be Saudi Arabia. Though, a lot of countries are trying to find for alternative oil reserves and research on different extraction methods it is still the said country who supply a large amount of oil in many countries. Hope this helps.
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Random Co. purchased a machine for $400,000 that has a five year life and will produce annual net cash inflows of $110,000 per y
inysia [295]

Answer:

NPV = $39,230

Payback period = 3.64 years

Explanation:

The net present value (NPV) = (net annual cash flow x interest factor) - investment

NPV = ($110,000 x 3.993) - $400,000 = $439,230 - $400,000 = $39,230

The payback period = investment / net annual cash flow = $400,000 / $110,000 = 3.64 years or 3 years, 7 months and 19 days

You can also calculate the PV of each annual cash flow which will give you a more precise result, but the variation is minimal:

PV = ($110,000 / 1.08) + ($110,000 / 1.08²) + ($110,000 / 1.08³) + ($110,000 / 1.08⁴) + ($110,000 / 1.08⁵) = $439,198

and the NPV = $39,198

5 0
3 years ago
A mutual fund had NAV per share of $23.00 on January 1, 2016. On December 31 of the same year, the fund's NAV was $23.15. Income
Stella [2.4K]

The rate of return did an investor receive on the fund last year is : 8.87%.

<h3>Rate of return</h3>

Using this formula

Rate of return=(Dec fund's NAV -Jan fund's NAV +Income distribution+Capital gain distribution)/Jan fund's NAV

Let plug in the formula

Rate of return = ($23.15 - $23.00 + $.63 + $1.26)/$23.00

Rate of return =$2.04/$23.00×100

Rate of return = 8.87%

Therefore the rate of return did an investor receive on the fund last year is : 8.87%.

Learn more about rate of return here:brainly.com/question/24301559

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7 0
2 years ago
Solve 2x + 0.03x = 255​
Xelga [282]

Answer:

\frac{25500}{3}

8 0
4 years ago
A company purchased land for $90,000 cash. real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an ol
Fed [463]

Based in the historical cost principle, the total cost of the land would be the summation of all cost, either direct or indirect.

Therefore it would be:

Cost of Land = $90,000 cash + $5,000 commission + $7,000 demolishing

Cost of Land = $102,000

 

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3 0
3 years ago
Cars typically loss the most value in the first year after purchase
uranmaximum [27]
SORRY I NEED MORE INFO what exactly are you looking for?
5 0
3 years ago
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