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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
Which of the following might help to solve a free-rider problem? Select all that apply:
Delvig [45]

Answer:

A.

Explanation:

Since not everyone in a given community would be inclined to pay for a public good, everyone could be made to pay for it through tax.

7 0
3 years ago
Grizzly Company had Retained Earnings at December 31, 2018 of $210,000. During 2019, the company had revenues of $410,000 and ba
NISA [10]

Answer:

Retained earnings on the December 31, 2019: $253,000

Explanation:

Ending balance in retained earnings is calculated by using following formula:

Ending balance in retained earnings = Beginning balance in retained earnings + Net income - Cash dividends - Stock dividends

Grizzly Company had Retained Earnings at December 31, 2018 of $210,000.  Beginning balance in retained earnings at January 01, 2019 is $210,000

Net income = Revenues - Expenses = $410,000 - $355,000 = $55,000

Ending balance in retained earnings = $210,000 + $55,000 - $12,000 = $253,000

4 0
4 years ago
The use of the concepts of purchasing, procurement, supply, and supply chain management will vary from organization to organizat
IRISSAK [1]

Answer: B. The industry which they operate

Explanation:Different companies carry out the functions of purchasing, procurement and supply differently and these depend on how they operate. For example supply chain in a manufacturing company, it will produce items that will be stored in warehouses and other locations, making the supply chain more complex, on the other hand if it's a Service Provider company which uses a make-to-order business model, there will be no need for storing finished products, Therefore, it is clear that supply chains including procurement , purchasing and supply depend on the nature of the company.

8 0
3 years ago
Omar is having trouble paying his rent and making minimum payments on his student loan and credit cards. What should Omar consid
In-s [12.5K]

Answer:

Omar should get budgeting advice from a consumer credit counselor

Explanation:

It is apparent from the question that Omar is having a financial problems as he is finding it difficult to meet up with his student loan and credit cards repayment plan.

It is advisable at this point that he should engage the service of a consumer credit counselor for budgeting advice to improve on his situation.

Consumer credit counselling service is a form of service that help to proffer solution to financial problems through financial education , budgeting assistance and debt management.

7 0
3 years ago
Abba, Inc. is considering dropping a product line. During the prior year, the line had sales of $207,000 and a contribution marg
damaskus [11]

Answer:

Overall net income will decrease by $34,000.

Explanation:

Calculation to determine net operating income

Using this formula formula

Net operating income=Contribution margin -Avoidable costs

Where,

Contribution margin =$124,000

Avoidable costs= Salaries $60,000

+Advertising $20,000+Administrative expenses $10,000

Let plug in the formula

Net operating income=$124,000-($60,000+$20,000+$10,000)

Net operating income=$124,000-$90,000

Net operating income=$34,000 Decrease

Therefore If this product line is dropped overall net operating income will:decrease by $34,000

8 0
3 years ago
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