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2 years ago

How do you think each of the following affected the world price of oil? (Use basic demand and supply analysis.)

Business

1 answer:

My name is Ann [436]2 years ago

6 0

The correct answer is the following.

A) Tax credits were offered for expenditures on home insulation. Affected the demand by decreasing it and the price decrease.

B) The Alaskan oil pipeline was completed. Affect the increase of supply and the price and the price decreases.

C) The ceiling on the price of oil was removed. Affect the decrease in demand and the price varies.

D) Oil was discovered in the North Sea. Affect the supply by increasing it and the price decreases.

E) Sport utility vehicles and minivans became popular. Affect the increase of the demand and the price increases.

F) The use of nuclear power decreased. Affect the increase of the demand and the price increases.

Many variables affect the price of oil. International prices are modified constantly and countries should have their provisions in order to prevent drastic changes to their economies due to the fluctuation of international oil practices. The important thing to consider is that not only economic factors affect the price of oil, but also political factors.

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Rivera Company manufactured two products, A and B, during April. For purposes of product costing, an overhead rate of $2.00 per

OlgaM077 [116]

Solution :

a). The assigned total cost is :

$A =\$ \ 8000$

$B =\$ \ 24,000$

Total overheads $ 500,000

Total hours 250,000

Plantwide overhead rate $ 2

Cost assigned to :

A ( 2 x 4 x 1000) $ 8,000

B ( 2 x 4 x 3000) $ 24,000

b). Department 1 Department 2

Overheads $ 300,000 $ 200,000

Hours 200,000 50,000

Overhead rate $ 1.50 $ 4.00

Overheads for the product A $ 8,500

(1.5 x 3 + 4 x 1) x 1000

Overheads for the product B $ 40,500

(1.5 x 3 + 4 x 1) x 3000

c). Plant wide Departmental

material and labor $ 10 $ 10

overheads $ 8 $ 13.50

Total $ 18.00 $ 23.50

Add: profit $ 7.20 $ 9.40

Selling price $ 25.20 $ 32.90

The difference $ 7.70

Therefore, the increase in the selling price = $ 7.70

3 0

3 years ago

the realized rate of return, or holding period return, is equal to the holding period dollar gain divided by the price at the be

goblinko [34]

The realized rate of return, or holding period return, is equal to the holding period dollar gain divided by the price at the beginning of the period is true.

A holding period is the quantity of time the funding is held via an investor or the duration of the purchase and sale of a security. In an extended function, the preserving duration refers back to the time between an asset's buy and its sale.

Personal equity investments are historically lengthy-term investments with standard preserving durations ranging between 3 and 5 years. Inside this described time period, the fund manager specializes in growing the value of the portfolio organization as a way to promote it at a profit and distribute the proceeds to buyers.

In making an investment, a holding period refers to the time between the purchase of an asset or investment and its sale. Preserving periods be counted because they decide whether or not an investor can pay the short-term or lengthy-time period capital profits tax rate once they promote an investment for a profit.

Learn more about the holding period here brainly.com/question/20383546

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6 0

1 year ago

A personal tax cut of $50 billion will affect income differently than an increase in government spending by $50 billion because:

Bess [88]

Answer:

C) Households may save part of the additional income from the tax cut

Explanation:

When we consider the total household income there is always a major part that is spent, this is called propensity to consume. It is defined as the proportion of total income that consumers are willing to spend.

But propensity to consume doesn't include 100% of household income, there also exists the propensity to save. That is the exact opposite, is the proportion of our income that we will save for future use.

Luckily for us all, the propensity to spend is usually much higher than the propensity to save. We have to remember that private consumption represents nearly 70% of the nation's GDP.

What households save goes to investment in GDP. Investment is always needed but it represents future growth of the GDP while consumption represents current growth of the GDP.

8 0

3 years ago

Width of a rectangle is 7 meters greater than its length if

Gwar [14]

Answer:

x^2 + 7c - 170 = 0

Explanation:

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6 0

3 years ago

Assuming purchase costs are declining and a periodic inventory system is used, determine the statements below which correctly de

choli [55]

Answer:

Explanation:

The first statement is Incorrect that Companies using LIFO will report the smallest cost of goods sold. Rest all the three statements that have been provided are correct.

Statement A - Incorrect

Statement B – Correct

Statement C – Correct

Statement D – correct the goods sold. companies using FIFO will report the smallest cost of goods sold.

8 0

3 years ago