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jolli1 [7]
3 years ago
13

New oil is reserves are discovered. What has increased in supply.

Business
1 answer:
zalisa [80]3 years ago
4 0

The correct answer is D. Land

Explanation:

In economics, land is one main factor of production and includes natural resources that can be used to make products, for example, wood can be used to made furniture or fruits can be used to produce juice, jam, and similar. Also, these resources are classified into renewable and nonrenewable depending on whether they are abundant and replenish in a short time. Oil is considered part of the land factor because this is a non-renewable resource that is used to produce goods such as fuels or plastic. Therefore, if new oil reserves are discovered there is an increase in land supply because more natural resources are available to produce goods.

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Langhurst Company sold hardware for $12,000 cash and $18,000 of hardware to credit customers. Which of the following is the corr
lora16 [44]

Answer:

Cash A/c Dr $12,000

Account receivable A/c Dr $18,000

       To Hardware revenues A/c $30,000

(Being the sale of hardware is recorded)

Explanation:

The journal entry is shown below:

Cash A/c Dr $12,000

Account receivable A/c Dr $18,000

       To Hardware revenues A/c $30,000

(Being the sale of hardware is recorded)

Since the sale is taken which increase the current asset i.e cash account and the account receivable by $12,000 and $18,000 respectively so we debited it and the revenue is an income so we credited it

6 0
3 years ago
Petroski Natural Dying Corporation measures its activity in terms of skeins of yarn dyed. Last month, the budgeted level of acti
guapka [62]

Answer:

$577 Unfavorable

Explanation:

The calculation of spending variance for dye costs is shown below:-

Spending variance for dye cost = (Standard rate - Actual variable) × Actual units

= ($0.67 - $13,910 ÷ 19,900) × 19,900

= (0.67 - 0.69899) × 19,900

= $577 Unfavorable

Therefore for computing the spending variance for dye costs we simply applied the above formula.

4 0
3 years ago
Boswell company manufactures two products, regular and supreme. boswell's overhead costs consist of machining, $3,000,000; and a
yawa3891 [41]
Total overhead costs
3000000+1500000=4500000

Total direct labor hours
10000+15000=25000 hours

Predetermined oH rate
4500000÷25000=180

Overhead applied to regular
180×10000 h =1800000...answer


4 0
3 years ago
Graphic imageA graph titled 'Changes in Employment, by Industry' is shown. Beneath the graph, the source is identified as the St
marissa [1.9K]
Since 1986, it has increased every decade. The points in 1986 were between 60 and 90 million employees. It increased to over 90 million 10 years later, in 2006, and it reached up to 90 and 120 million employees.
7 0
2 years ago
produces sports socks. The company has fixed expenses of $ 90 comma 000$90,000 and variable expenses of $ 0.90$0.90 per package.
antiseptic1488 [7]

Answer:

The contribution margin and the contribution ratio is $0.90 and 50% respectively.

Explanation:

The formula to compute contribution margin per package is shown below:

Contribution margin = Selling price per package - variable expense per package

= $1.80 - $0.90

= $0.90

And, the formula to compute contribution ratio is shown below:

= (Contribution per package ÷ selling price per package) × 100

= ($0.90 per package) ÷ ($1.80 per package) × 100

= 50%

8 0
3 years ago
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