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Rudik [331]
3 years ago
5

Alaska North Slope Crude Oil (ANS) $71.75/Bbl West Texas Intermediate Crude Oil (WTI) $73.06/Bbl As an oil refiner, you are able

to produce $76 worth of unleaded gasoline from one barrel of Alaska North Slope (ANS) crude oil. Because of its lower sulfur content, you can produce $77 worth of unleaded gasoline from one barrel of West Texas Intermediate (WTI) crude. Another oil refiner is offering to trade you 10,150 Bbls of Alaska North Slope (ANS) crude oil for 10,000 Bbls of West Texas Intermediate (WTI) crude oil. Assuming you currently have 10,000 Bbls of WTI crude, the added benefit (cost) to you if you take the trade is closest to
Business
1 answer:
seropon [69]3 years ago
6 0

Answer:

Crude Oil

Added Benefit = $3,737.50 ($43,137.50 - $39,400.00)

Explanation:

a) Calculations:

Benefits from ANS = $4.25 per barrel ($76 -$71.75)

Benefits from WTI = $3.94 per barrel ($77 -$73.06)

Total benefits from ANS = 10,150 x $4.25 = $43,137.50

Total benefits from WTI = 10,000 x $3.94 = $39,400.00

b) It would benefit the company to undertake the exchange, with a net benefit of $3,737.50.  The difference occurs from the value derivable from refining each type of crude.  While Alaska North Slope Crude Oil (ANS) costs $71.75/Bbl, West Texas Intermediate Crude Oil (WTI) costs $73.06/Bbl.  In the same way, their benefits from unleaded gasoline per barrel differ.  The benefit from ANS is $76 per barrel against that of WTI $77 per barrel.

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Foster, who owns a successful business with two locations and a few international clients, was approached by a large organizatio
torisob [31]

Answer:

C) can get started more easily and maneuver faster

Explanation:

A small business (sole proprietorship, partnership, limited liability company) can maneuver much faster than any corporation simply because the owners are the managers of the business. The owners do not have to ask anyone for permission to make any decisions or decide new business activities. Also, last but not least, you are your own boss, and that is priceless.

Small businesses are also much easier to set up and do not require a lot of paperwork and authorizations to start operating.

3 0
4 years ago
1. How do customers judge the quality of a supermarket? 2. Indicate how and why each of these factors is important to the succes
kirza4 [7]

Answer:

1. How do customers judge the quality of a supermarket?

They judge the quality of a supermarket depending on their values and most urgent needs.

Customers who value quality, and even luxury, will say that a good supermarket is one that offers high quality products.

Customers who value price, will prefer a low-cost supermarket.

2. Indicate how and why each of these factors is important to the successful operation of a supermarket:

a. Customer satisfaction - a very important factor because it determines how well the supermarket is serving its customers.

b. Forecasting - the supermarket needs to forecast all sorts of things, from, sales forecasts, to profit forescasts, to costs forecasts.

c. Capacity planning - the supermarket needs to know what it is actually able to do, and what projects it can embark on, for this, it needs to do a lot of capacity planning.

d. Location - Location is extremely important for a supermarket. It determines a large part of the customer demand because customers prefer supermarkets to be close to where they live.

e. Inventory management - Supermarkets need to manage inventories carefully, specially because a lot of the goods that a supermarket sells, are perishables.

f. Layout of the store - The Supermakert needs to be careful when determining the layout of the store. Customers want a layout that is easy to navigate, and where goods are placed according to a coherent classification.

g. Scheduling - The supermarket needs to establish a convenient schedule for its customer base.

What are some of the ways Wegmans uses technology to gain an edge over its competition?

Wegmans is characterized for its early adoption of ground-breaking technologies. For example, recently Wegmans developed a mobile application to assist blind shoppers.

6 0
3 years ago
Shaw Company sells goods that cost $300,000 to Ricard Company for $410,000 on January 2, 2017. The sales price includes an insta
arlik [135]

Answer:

Explanation:

a. The journal entries are shown below:

Accounts receivable A/c Dr $410,000

            To Sales revenue A/c $370,000

            To Unearned service revenue A/c $40,000

(Being the sale is recorded)

Cost of goods sold A/c Dr $300,000

          To Merchandise inventory A/c $300,000

(Being inventory is sold at cost)

b.  The recognized revenue would be

Sales revenue $370,000

Service revenue $20,000

Total revenue $390,000

The service revenue would be

= $40,000 × 3 months ÷ 6 months

= $20,000

And, the 3 months is computed from January 2 to March 31

5 0
3 years ago
A market might have an upward-sloping long-run supply curve if:
Elan Coil [88]

Answer:

a. firms have different costs.

Explanation:

A market might have an upward-sloping long-run supply curve if

a. firms have different costs.

b. consumers exercise market power over producers.

c. all factors of production are essentially available in unlimited supply.

d. the entry of new firms into the market has no effect on the cost structure of firms in the market.

6 0
2 years ago
Jacob Company sold a $1,000 par value, non-callable bond that has 20 years to maturity and a 7.00% annual coupon that is paid an
ratelena [41]

Answer:

4.64%

Explanation:

5 0
3 years ago
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