1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nastasia [14]
3 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]3 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.

You might be interested in
Jack owns and runs a bookstore. He looks after the accounts of the business and also purchases books from publishers. Sometimes
Sunny_sXe [5.5K]

company is the answer



4 0
3 years ago
Capacity planning requires demand forecasts for an extended period of time. Forecast accuracy tends to​ _______ as the forecasti
Aleonysh [2.5K]
Forecasting accuracy tends to decrease as the forecasting horizon increases.
Explanation—
It is harder to forecast far into the future. Accuracy is going to decrease because there are too many variables over more time. It is easier to forecast for just a few days in the future.
8 0
2 years ago
Carrie Tune will receive $31,000 for the next 11 years as a payment for a new song she has written. Use Appendix D for an approx
r-ruslan [8.4K]

Answer:

$184,068.70

Explanation:

Given that

Annual payments = $31,000

Discount rate = 12%

Time period = 11 years

The computation of the present value is shown below:

= Annual payments  × PVIFA factor for 11 years at 12%

= $31,000 × 5.9377

= $184,068.70

Simply we multiplied the annual payments with the PVIFA factor so that the present value could arrive

Refer to the PVIFA table

6 0
3 years ago
Barbara got a flat tire and does not have a spare. She needs her car for work, so she goes to a business that offers payday loan
yKpoI14uk [10]

Answer:

Ans. c) The annual percentage rate of the loan is approximately 913%

Explanation:

Hi, well, she borrowed $75 and paid $90 ($75 + $15 fee) in 8 days. So we need to use the following formula to check what 8 days percentage rate was applied to this loan.

r=\frac{FinalValue}{InitialValue} -1

That is:

r=\frac{90}{75} -1=0.20

So she pays 20% for 8 days, to know the annual rate (approx.) we need to do the following operation.

r(Annual)=\frac{0.20}{8Days} *\frac{365Days}{1Year} =\frac{9.13}{1Year}

That is 913% per year.

Best of luck.

6 0
3 years ago
Read 2 more answers
In the first wave of electronic commerce, radio-frequency devices and smart cards were combined with biometric technologies. In
defon

Answer:

b) In the first wave, Internet technologies were integrated into B2B transactions and internal  business processes by using bar codes and scanners to track parts, assemblies, inventories,  and production status. These tracking technologies were not well integrated,  sending transaction information to each other using a patchwork of communication methods,  including fax, e-mail, and EDI.

c) The Internet technologies used in the first wave of electronic commerce were slow and inexpensive. Most consumers used dial-up modems to get connected to the Internet.

Explanation:

The first wave of electronic commerce was mainly a U.S. phenomenon with the web  pages in English, on commerce sites, with the e-mail as a tool for relatively unstructured  communication. Investors were excited  about electronic commerce, creating new enterprises, no matter the investment or the weak baseline ideas were, to have an easy access to start-up and exploit electronic commerce opportunities.

The second wave is characterized by its international scope, with sellers doing business in many countries and in many  languages though translation and currency conversion are two impediments to the efficient conduct of global business. The  fast increase from 12% in 2004 to 60% in 2009, in broadband connections in homes, and is a key element in the B2C component to make Internet more efficient.

In the second wave, Radio Frequency Identification (RFID)  devices and smart cards are being combined with biometric technologies, such as fingerprint  readers and retina scanners, to control more items and people in a wider variety of situations.

These technologies are increasingly integrated with each other and with communication systems that allow companies to communicate with each other and share transaction, inventory  level, and customer demand information effectively.

4 0
3 years ago
Other questions:
  • The rate of interest agreed upon contractually charged by a lender or promised by a borrower is the​ ________ interest rate. A.
    15·1 answer
  • Imagine you own a small gift shop in a popular but remote tourist location. You want to develop an effective marketing strategy
    11·1 answer
  • On January 4, 2019, Kiley Co. leased a building to Dodd Corp. for a ten-year term at an annual rental of $200,000. At the beginn
    11·1 answer
  • The executives of the company need you to present on a new skateboard project which will be manufactured either in-house or in a
    12·1 answer
  • Wholesale companies need a location that attracts a lot of retail traffic.
    15·1 answer
  • Squeaky Clean Car Wash has a goal of increasing its repeat customers by 30% over the next year. It began by looking at ways to s
    9·1 answer
  • LO 8.5When might an unfavorable variance be a good outcome?
    15·1 answer
  • In which instance will total revenues decline? Multiple Choice price increases and Ed equals -.41 price increases and demand is
    10·1 answer
  • The effect of the declaration of a cash dividend on a company's financial statements is to:_______
    9·1 answer
  • true or false a task performed every other month has a higher initiating event frequency than a task performed every week
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!