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Nastasia [14]
2 years ago
14

In 1920, it was reported that there were 60 billion barrels of oil in the world oil reserves and we were using 6 billion barrels

per year. Given this data, the world should have run out of oil in ten years. However, more recent data suggests that there are currently 1.7 trillion barrels of oil in the world oil reserves and that we are using 34 billion barrels of oil every year. Given that petroleum reserves are a non-renewable resource, how do explain the fact that the world has not run out of oil when it was supposed to over 80 years ago
Business
1 answer:
Ipatiy [6.2K]2 years ago
5 0

Answer:

Discovery of new oil reservoirs and technological developments on oil extraction.

Explanation:

The world has not run out of oil by two reasons. First, the discovery of new oil reservoirs and, second, the development of new technologies that increased extraction efficiency in a feasible way.

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A different ethanol processing facility costs $800,000 to construct but will instead last forever.Every year (starting the year
iragen [17]

Answer:

r = 5%

Explanation:

Construction cost 800.000

# of barrels produced 10.000

Price per barrel $4

let the interest rate = r

Equate the net present value = 0

800000 = 10000 x 4/(1 + r) + 40000/(1 + r)2 + .......

800000 = 10000 x 4/r

r = 5%

8 0
2 years ago
들 (a) What are the entrepreneurial opportunities you can find in retail sector in india?​
dexar [7]

Answer:

It generates huge employment opportunities. This has changed the face of retailing in India. As the sector is booming in India, a career in retail sector is promising a growth potential for the ambitious youngsters.

The candidates are trained in supply chain management, finance management, marketing information, electronic retailing, marketing and business communication, customer relationship etc. With rapidly expanding departmental stores and huge shopping malls, plenty of job opportunities are opening all over India.

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Finance and accounting

Explanation:

Hope it helps

8 0
2 years ago
Our company can produce a product that incurs the following costs per unit: direct materials, $10; direct labor, $24, and overhe
kvasek [131]

Answer:

net incremental cost = $ 2.2

Explanation:

Data provided:

Direct material cost = $ 10  per unit

Direct labor cost = $ 24  per unit

Overhead cost = $ 16 per unit

thus,

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Now,

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Overhead cost if bought from outside = 45% of the overhead cost

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hence, the total cost if bought from outside = $ 45 + $ 7.2 = $ 52.2

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3 0
3 years ago
The term sanitary is defined as being free of
SOVA2 [1]

Being free of germs.

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4 0
3 years ago
Read 2 more answers
A rock group assigns its payment under a performance contract to the Costume Shop, a business that has supplied the group with o
blondinia [14]

Answer:

Rock Group and Costume Shop

Under this arrangement the rock group is the

d. assignor.

Explanation:

The rock group, as the  assignor, is the entity that transfers its property rights or its powers to payment to Costume Shop.   The Costume Shop is the assignee because it is the entity to which property rights or powers to payment of the rock group are transferred.  Under the performance contract, the rock group can also be described as the delegator while the Costume Shop is the delegatee.  However, under payment terms, the rock is the assignor while the Costume Shop is the assignee.

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