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loris [4]
3 years ago
11

In some states, mining companies are deemed to own not only the minerals but also the space the minerals occupied before they we

re removed, thereby earning the distinction of ownership states. However, when the owner of an oil or gas well is able to claim all that is pumped from it, regardless of whether the oil or gas migrated from adjacent property, this is referred to as a ________ state.
Business
1 answer:
Genrish500 [490]3 years ago
7 0

Answer:

The correct answer is: Law of capture.

Explanation:

The Law of capture is an original British common law adopted by many states in the U.S. that allows individuals who find resources like groundwater, oil, and gas to extract them as much as they can. The rule also states that the first individual extracting those resources is the one that owns it.

You might be interested in
Santos Corporation gathered the following information for the fiscal year ended December 31, 2020: Sales $1,500,000 Operating ex
kirill115 [55]

Answer:

Income from operations    380,000

Loss on sale of equipment  <u>40,000</u>

Pretax income                    340,000

Tax at 30%                          <u>102,000</u>

Net Income                         <u>238,000</u>

Explanation:

1          Santos Corporation

         Income statement

For the year ended December 31, 2020

Sales................................ $1,500,000

less: Cost of goods sold <u>$960,000</u>

Gross Profit                      <u>$540,000</u>

Less: Operating expenses<u> 160,000 </u>

Income from operations    <u>380,000</u>

2          Santos Corporation

             Income statement

For the year ended December 31, 2020

Income from operations    380,000

Loss on sale of equipment  <u>40,000</u>

Pretax income                    340,000

Tax at 30%                          <u>102,000</u>

Net Income                         <u>238,000</u>

5 0
4 years ago
Recently, a terminated employee used his mobile device to log in to the company network and steal sensitive data. As the manager
Cloud [144]

Answer:  Recently, a terminated employee used his mobile device to log in to the company network and steal sensitive data .This is the presentation of the summary of what the organization should do to prevent this from happening again.

Explanation:

The <u>objective of information security i</u>s to maintain a reasonably secure environment as well as the proper use of resources and risk management, in order to preserve the availability, integrity and confidentiality of information and the assurance of business continuity. Also :

  • To manage information security risks to keep them at acceptable levels.
  • Protect information assets.
  • Train public servants, suppliers and stakeholders about the importance of data protection.
  • Monitor compliance with information security requirements.
  • Implement corrective and improvement actions.

Since the current trend is that <em>employees take their personal devices to the office,</em> in addition to giving them personal use, the most common is that they use it for the <em>review of corporate email and as support for the tasks of their daily work.</em> Therefore, proper management of the devices that are connected must be defined, in order to use the applications and information according to the provisions of the policies established by the company.

The most common threats are :

  1. Unofficial applications. (Can ask you for permitions and steal your private information)
  2. Public WIFI.(Can enter in to your network and steal your private information)
  3. Phising.(The most common is an email that force you to open a message which links to a malicious website to steal your personal information)

Always is important to protect the device with one or several of this advices:

  • Secure access networks.
  • Access to information must be restricted in a way that guarantees that only those people who are really qualified to do so can access the information.
  • Write a security policy. Define which devices can access corporate information.
  • Protect WiFi connections.
  • Protect against malware.

In this scenario the <em>company should </em>make an update of all information and networks ,the installation and configuration of firewalls and encryption of corporate confidential information.  

The best way is to train and make the employees of the company aware of the risk of sharing information and the legal punishment that they can have if they do it.

Every company must have a standardized risk plan to solve these types of situations before more information is leaked(can apply some of those mentioned above).

3 0
4 years ago
What is the real value of $1,000 if the GDP price index is 125?
aniked [119]
The answer if the gdp price index is 125 is c
7 0
3 years ago
___________ tax situation currently applies to corporations and their owners but not to sole proprietorships, partnerships, or t
elixir [45]

Answer: Double taxation of dividend

Explanation: Double taxation of dividends refers to the taxes paid on dividends. Tax is first paid on the portion of the profit realized by a corporation which is to be shared among the shareholders. This portion of the corporation's profit is called dividend and the tax paid by the corporation is called the corporate income tax. After the dividends has been shared, each shareholder then pays a personal income tax on the respective amount received as dividend.

6 0
4 years ago
Corny and sweet grows and sells sweet corn at its roadside produce stand. the selling price per dozen is​ $3.75, variable costs
shepuryov [24]
Breakeven point in units=
Fixed cost÷[selling price-variable cost]

Breakeven point in units
=750÷(3.75−1.25)
=300 units
3 0
4 years ago
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