Answer:
The bid amount should be $13,200,264.
Explanation:
An oil and gas producing company owns 42,000 acres of land in a southeastern state.
It operates 630 wells which produce 18,000 barrels of oil per year and 1.7 million cubic feet of natural gas per year.
The revenue from the oil is $1,800,000 per year and for natural gas the annual revenue is $581,000 per year.
Total Annual Revenue
= Revenue from oil + Revenue from gas
= $1,800,000 + $581,000
= $2,381,000
The bid amount should be the present worth of total annual revenue.
Present Worth of total annual revenue
= 
= 
= 
= 
= 
= 
= $13,200,264
Answer:
The answer is: D) $5,800
Explanation:
The doubtful accounts should have a total balance of $6,000, representing 1% of total sales (= $600,000 x 1%).
Since doubtful accounts balance is only $200, you must entry a debit record of $5,800 (so that the total balance of that account is $6,000).
Answer:
By choosing tire A, the consumer will save $0.006 USD ($0.6 cents) per mile.
Information:
- Saving: 120 gl over 60,000 miles
- Gasoline: $3/gl
Explanation:
Total saving in 60,000 miles = 120gl * $3/gl = $360
Total saving in 1 mile = $360/60,000 = $0,006
Answer:
Contraction (recession).
Explanation:
Contraction (recession) refers to a phase of the business cycle in which the economy as a whole is in decline. A contraction generally occurs after the business cycle peaks, when the economy goes through stages as innovation, supply, demand, laws, and politics affect what is made and what is purchased but before it becomes a trough. The first stage of an economy is an expansion where incomes increase with production pushing more consumption and making more work and is marked by the growth of GDP. The next stage is when an economy reaches the high point of this growth known as the peak. After the peak, when a country's real gross domestic product (GDP), the most-watched indicator of economic contraction, has declined for two or more consecutive quarters, then a contraction has occurred.
