All categories

2 years ago

The price of crude oil increases 50%. This will cause a change in ( supply/ quality supplied )

Business

1 answer:

Paladinen [302]2 years ago

5 0

Answer:

See below

Explanation:

A price increase motivates suppliers to avail more products for sale in the markets. High prices tend to have a high margin hence more profits. Like other businesses, oil producers are profit-motivated; they will supply more quantities if there is a high probability of making more profits.

The law of supply explains the correlation between supply and price. As prices increase, supply also tends to increase.

You might be interested in

The use of index funds as investment vehicles for asset classes:_________

Scilla [17]

Answer:

I & IV

Explanation:

6 0

2 years ago

8) walter co. and sandburg industries report the following information at december 31: walter sandburg accounts receivable $41,0

True [87]

Walter Co. is a manufacturer because it uses raw materials, and has a stock of merchandise inventory, work-in-progress inventory, and finished goods inventory. The current assets of Walter Co. will be:

Current Assets:

Cash 6,000

Inventories

Raw materials inventory 21,000

Work in progress inventory 40,000

Finished goods inventory 25,000

Merchandise inventory 48,000

Total inventory 1,34,000

Other assets

Accounts receivable 41,000

Prepaid expenses 1,000

Current assets 2,22,000

A manufacturing company is a company that takes in raw materials processes the raw materials and then sells the finished goods manufactured in the market. So the current assets section of the balance sheet of Walter Co. is given which will be written on the right side of the balance sheet.

Learn more about manufacturing companies here:

brainly.com/question/14942185

#SPJ4

3 0

1 year ago

Sydney wins a prize. She has a choice of receiving a payment of $160,000 immediately or of receiving a deferred perpetuity with

Mamont248 [21]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

She has a choice of receiving a payment of $160,000 immediately or of receiving deferred perpetuity with $10,000 annual payments, the first payment occurring in exactly four years.

A) i= 5%

First, we need to determine the value of the perpetuity four years from now.

Perpetuity= 10,000/0.05= 200,000

Now, we can calculate the present value:

PV= 200,000/(1.05^4)= $164,540.50

B) i= 6%

Perpetuity= 10,000/0.06= $166,666.67

PV= $166,666.67/1.06^4= $132,015.61

C) She should consider her necessities of cash and the value of the products she can purchase now.

5 0

2 years ago

The following per unit cost information is available: direct materials $36, direct labor $24, variable manufacturing overhead $1

oksian1 [2.3K]

Answer:

Mark−up percentage = 18.75%

Explanation:

Total manufacturing cost= Direct material + Direct labor + Variable overhead + Fixed overhead

= $36 + $24 + $18 + $40

= $118

Hence, the total manufacturing cost is $118.

Total selling cost = Fixed selling cost + Variable selling cost

Total selling cost = $28 + $14

Total selling cost = $42

Hence, the total selling cost is $42

Total cost = Total Manufacturing cost + Total selling cost

Total cost = $118 + $42

Total cost = $160

Mark−up percentage = ROI / Total cost * 100

Mark−up percentage = $30 / $160 * 100

Mark−up percentage = 0.1875 * 100

Mark−up percentage = 18.75%

7 0

2 years ago

A weekly time ticket for Joyce Caldwell follows: Direct Labor Time Ticket Dates: Monday 8/13 − Friday 8/17, 2018 Ticket Number:

dusya [7]

Answer:

Wages for Job 271= 16* 31= $ 496

Wages for Job 272= 8 *31= $ 248

Wages for Job 273= 31*16= $ 496

Explanation:

Job 271, 8+8= 16 hours

Wages for Job 271= 16* 31= $ 496

Job 272, 4+ 4= 8 hours

Wages for Job 272= 8 *31= $ 248

Job 273 Weekly =40 - 16- 8= 16 hours

Wages for Job 273= 31*16= $ 496

Working:

Direct Labor Time Ticket

Dates:

Monday 8/13 −

Friday 8/17, 2018

Ticket Number: TT 338 Employee: Joyce Caldwell

Date Time Started Time Ended Total Hours

Job Number 8/12/2018 7:00 AM 3:00 PM 8 hours

Job 271 8/13/2018 7:00 AM 3:00 PM 8 hours

Job 271 8/14/2018 7:00 AM 3:00 PM 8 hours

Job 272 8/15/2018 7:00 AM 11:00 AM 4 hours

Job 272 8/15/2018 12:00 PM 4:00 PM 4 hours

Maintenance 8/16/2018 7:00 AM 3:00 PM 8 hours

Job 273

Weekly Totals 40 hours

Hourly Labor Rate × $31 Total Wages Earned $1,240

7 0

2 years ago