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
Liono4ka [1.6K]
3 years ago
14

Jill Parker owns​ 2,000 acres of ranchland in Iowa.​ Recently, a supply of natural gas was discovered on her property. Not knowi

ng much about the marketing​ environment, she asks you what she should do. Which of the following is the BEST​ advice?
A. Jill should focus on negotiating with a local gas company for personal consumption.
B. Jill should focus on ranching and ignore trying to commercialize or sell the natural gas.
C. Jill should focus on the business market and license the natural gas rights.
This is the correct answer.
D. Jill should try to find propane reseller markets.
E. Jill should focus her attention on the government markets.
Business
2 answers:
jek_recluse [69]3 years ago
6 0

Answer: C. Jill should focus on the business market and license the natural gas rights.

Explanation:

Option C is indeed the right answer. Focusing on the Business Market will get her a better deal because larger companies will be involved.

It would be very advantageous to license the rights as there will be various bids for the license with the largest bid getting it and only for a period of time.

Going with this option can get Jill a better deal all round.

Varvara68 [4.7K]3 years ago
3 0

Answer:

C) Jill should focus on the business market and license the natural gas rights.

Explanation:

Oil and gas companies are usually very large corporations that have tons of money simply because the process to obtain either natural gas or oil is extremely expensive and costs millions. It is a very complex process that starts with upstream activities (oil or gas exploration and prospecting, preparing the rig site, start to drill, then testing the site, fracking techniques for extracting gas) and downstream activities (production and recycling of fracking fluids, storing and transporting gas, distribution processes). Each stage costs millions, that is why many oil and gas companies are considered regional monopolies due to the high costs.

Unless Jill has a ranch as a hobby and has many millions in a bank account, he should probably license the exploitation rights to a large corporation that can carry it out. He will still make a lot of money (average royalty rights are 12.5%), since total revenues are very high.

You might be interested in
Please see image I need help
Jlenok [28]

Answer:

Critical-thinking and strategy-based learning behaviors.

Explanation:

According to the information provided, Tabitha is using critical-reading techniques, and she is reflecting on what she's learned, which would be a strategy to learn something.

6 0
3 years ago
A firm in a perfectly competitive market has a fixed cost of $1,000 and a variable cost of $500 while it is earning the revenue
grin007 [14]

Answer:

Firm should not shut down, as it is able to cover its Average Variable Cost

Explanation:

Perfect Competition firms in Short Run : The firms produce even if their average revenue (price) < their average total costs (AC). They continue production until Average variable cost (AVC) ≥ per unit price (P) i.e average revenue (AR). This is called Shut Down Point. P lower beyond AVC implies that firm won't continue even in short run.

Given : Variable Cost (VC) = 500 ; Revenue (R) = 510

Average Variable Costs & Average Revenue are variable costs & revenue, per unit quantity. AVC = VC / Q ; AR (P) = R / Q

R i.e 510 > VC i.e 500

So, R/ Q i.e AR is also > VC / Q i.e AVC

Since AVC > AR (P), firm should not shut down

8 0
3 years ago
One function of a firm to its employees is to provide them with proper working conditions and pay them accurate wages and salari
Juliette [100K]

Answer:

true

Explanation:

6 0
3 years ago
Read 2 more answers
Under absorption costing, fixed manufacturing overhead is expensed at the time the units are produced. Under variable costing, f
ladessa [460]

Answer:

A. True

Explanation:

In the case of absorption costing, the fixed manufacturing overhead should be incurred at the time when the units are generated or produced. While on the other hand, in the case of variable costing the fixed manufacturing overhead should be incurred at the time when the units are sold

Therefore the given statement is true

Hence, the correct option is a.

4 0
3 years ago
Below are the transactions for Salukis Car Cleaning for June, the first month of operations.
Kruka [31]

Answer:

Part 1

June 1

Debit : Cash $53,000

Credit : Bank Note $53,000

June 2

Debit : Cash $23,000

Credit : Common Stock $23,000

June 7

Debit : Equipment $58,000

Credit : Cash $58,000

June 10

Debit : Supplies $6,300

Credit : Account Payables $6,300

June 12

Debit : Cash $3,300

Credit : Service Revenue $3,300

June 16

Debit : Salaries $730

Credit : Cash $730

June 19

Debit : Advertising $330

Credit : Cash $330

June 23

Debit : Trade Receivables $4,300

Credit : Service Revenue $4,300

June 29

Debit : Salaries $780

Credit : Cash $780

June 30

Debit : Utility Bill $1,230

Credit : Cash $1,230

June 30

Debit : Dividends $430

Credit : Cash $430

Part 2 & 3

Cash : Debit Side - $53,000 + $23,000 + $3,300, Credit Side - $58,000 + $730 + $330+ $780+ $1,230+$430 = $17,800 (debit)

Bank Note : Debit Side  - Credit Side  - $53,000  = $53,000 (credit)

Common Stock : Debit Side - Credit Side - $23,000 = $23,000 (credit)

Equipment : Debit Side - $58,000 Credit Side - = $58,000 (debit)

Supplies : Debit Side - $6,300 Credit Side - = $6,300 (debit)

Accounts Payable : Debit Side - Credit Side - $6,300 = $6,300 (credit)

Service Revenue ; Debit Side - Credit Side - $3,300 + $4,300 = $7,600(credit)

Salaries : Debit Side - $730 + $780 Credit Side - = $1,510 (debit)

Advertising : Debit Side - $330 Credit Side - = $330 (debit)

Accounts Receivables : Debit Side - $4,300 Credit Side - = $4,300 (debit)

Utility Bill : Debit Side - $1,230 Credit Side - = $1,230 (debit)

Dividends : Debit Side - $430  Credit Side - = $430 (debit)

Part 4

<u>Trial Balance as at 30 June</u>

                                                  Debit                 Credit

Cash                                        $17,800

Bank Note                                                         $53,000

Common Stock                                                 $23,000

Equipment                            $58,000  

Supplies                                  $6,300

Accounts Payable                                              $6,300

Service Revenue                                                $7,600

Salaries                                     $1,510

Advertising                                 $330

Accounts Receivables            $4,300

Utility Bill                                  $1,230

Dividends                                   $430

Totals                                    $89,900            $89,900

Explanation:

The Accounting Process starts with recording transactions in the Journals. The Journals are then posted to the Account Affected and the balances of those Accounts are determined. The trial Balance is then prepared by extracting these balance to find the Debit and Credit Totals to check mathematical accuracy.

3 0
2 years ago
Other questions:
  • An old bond's market value is above its par value, the bond is selling at a ________. this occurs because the old bond's coupon
    7·1 answer
  • Carla loses her credit card when her car is broken into. She calls the credit card company when she notices that her card is sto
    7·1 answer
  • Suppose you believe that Du Pont's stock price is going to decline from its current level of $ 83.97 sometime during the next 5
    15·1 answer
  • Personal values and work values cannot be related.<br> True or false?<br><br> Ill brainly
    13·2 answers
  • When MyGym management began evaluating overseas market​ expansion, it first looked at countries in which English was fairly comm
    12·1 answer
  • In the instrumental exchange stage, _____. A.your primary concern will be to avoid trouble for yourself B. you will stick to you
    13·1 answer
  • Sheet Metals has an outstanding loan that calls for equal annual payments of $12,600.47 over the life of the loan. The original
    9·1 answer
  • Assume markup is based on cost. Find the dollar markup and selling price for the following problem.
    10·1 answer
  • For a test plz help
    12·1 answer
  • Describe how crashing and fast tracking can be used to compress a project schedule. What limitations could there be with each of
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!