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3 years ago

What are the two major energy sources obtained from the ocean floor?

1 answer:

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D.) Oil and natural gas are the two major energy sources obtained from the ocean floor.

Drilling on the ocean floor has already been done and the most abundant oil and natural gas producers are North Sea, Gulf of Mexico, Atlantic Ocean (near Brazil and West Africa), Arabian Gulf, and South East Asian Seas.

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Toggle Company reported sales of $310,000 and cost of goods sold of $180,000 for 20X2. During 20X2, Toggle’s accounts receivable

kiruha [24]

Answer:

Cash Received from customers = $293,000

Cash payments to suppliers = $167,000

Cash flows from operating activities = $460,000

Explanation:

Cash Received from customers is calculated as follows :

Sales $310,000

Less Increase in accounts receivable ($17,000)

Cash Received from customers $293,000

Cash payments to suppliers is calculated as follows :

Cost of goods sold $180,000

Decrease in Inventory $8,000

Decrease in Payable ($21,000)

Cash payments to suppliers $167,000

Cash flows from operating activities is calculated as follows :

Cash Received from customers $293,000

Cash payments to suppliers $167,000

Cash flows from operating activities $460,000

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3 years ago

A farm equipment manufacturer has already spent $3 million in research and development to design a new model of tractor. To prod

lina2011 [118]

Answer:

$20,000

Explanation:

Data provided in the question:

Amount spent on research and development = $3 million

Rent = $20 million = $20,000,000

Materials and wages = $10,000 per tractor

Number of tractors to be sold = 2,000

Now,

The lowest price will be when the company attains the break-even

thus,

At break-even point

Total cost = Total revenue

let the lowest cost be 'x'

therefore,

2,000x = $20,000,000 + ( $10,000 × 2,000 )

2,000x = $20,000,000 + $20,000,000

2,000x = $40,000,000

x = $20,000

6 0

3 years ago

Talk about your experience as a leader of a team at school?

Lera25 [3.4K]

It was very good I lead them army of students at a football team

8 0

2 years ago

Read 2 more answers

Pigot Corporation uses job costing and has two production departments, M and A. Budgeted manufacturing costs for the year are as

zlopas [31]

Answer:

Correct option is D.

$200,500

Explanation:

Manufacturing overhead = [($651,000/217,000) × $25,000] + [($417,000/834,000) × $29,000] = $89,500

Total cost associated with Job. No. 432 = $57,000 + $54,000 + $89,500 = $200,500

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3 years ago

Other things held constant, which of the following actions would increase the amount of cash on a companys balance sheet? Select

Leokris [45]

Answer:

Correct option is (c)

Explanation:

When the company repurchases common stock, it has to pay cash to the shareholders to gain rights on the stocks. So, cash decreases in this case.

Payment of dividend also decreases cash from balance sheet.

When company needs cash for investment or growth purpose, it issues common stock to raise funds, thereby increasing cash in the company's balance sheet.

When company gives more time to its debtors, receipt of cash is delayed thereby not increasing cash in balance sheet.

Purchase of new equipment will reduce cash balance.

So issue of new shares increase cash balance in balance sheet.

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3 years ago