Suppose that Sea Shell Oil Company (SS) is pumping oil at a field off the coast of Nigeria. At this site, it has an extraction cost of $30 per barrel for the first 5 million barrels it pumps each year and then $60 per barrel for all subsequent barrels that it pumps each year, up to the site’s maximum capacity of 90 million barrels per year.

a. Suppose the user cost is $70 per barrel for all barrels and that the current market price for oil is $115 per barrel. How many barrels will SS pump this year?
b. What is the total accounting profit on the total amount of oil it pumps?
c. What is the total economic profit on those barrels of oil?

Answer:

nn

Explanation:

d

If I were a human resource professional at a company setting up work teams for production and sales, the four legal requirements that need to be embedded in my pay structure to support this new work arrangement are:

A group incentive plan is a form of compensation that bases pay on the collective performance of a team and emphasizes cost-cutting, productivity growth, and achieving organizational objectives.

I supposedly work in human resources for a company that organizes work teams for sales and production and I would suggest the below point to encourage this new work arrangement:

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Answer:

permamence, raise more capital,more potential growth, can raise money by borrowing it, and is transferable.

Explanation:

HOPE IT HELPS ( dont judge people if thier answer is not correct ) (◍•ᴗ•◍)❤

Answer:

Up to a certain point, more experience typically translates into higher income. Similar to the last example, if the job requires someone with 10 years of expertise in a specific field and you don't satisfy those qualifications, you can find yourself working at the lower end of the wage scale.

Explanation:

Answer:

The market price of the security if its correlation coefficient with the market portfolio doubles (and all other variables remain unchanged) will be $44.10.

Explanation:

Note: This question is not complete. The complete question is therefore presented before answering the question as follows:

The market price of a security is $74. Its expected rate of return is 20.2%. The risk-free rate is 3% and the market risk premium is 6.5%. What will be the market price of the security if its correlation coefficient with the market portfolio doubles (and all other variables remain unchanged)

Assume that the stock is expected to pay a constant dividend in perpetuity.

Explanation of the answer is now given as follows:

Since the correlation coefficient with the market portfolio doubles (and all other variables remain unchanged), it implies that beta and also the risk premium will also double.

From the question, we can obtain:

Current risk premium = Expected rate of return - Market risk premium = 20.2% - 6.5% = 13.70%

As the current risk premium will double, we have:

New risk premium = Current risk premium * 2 = 13.70% * 2 = 27.40%

Also, we have:

New discount rate = New risk premium + Market risk premium = 27.40% + 6.5% = 33.90%

Since it is assumed that the stock is expected to pay a constant dividend in perpetuity, the dividend can therefore e calculated as follows:

Dividend = Current market price * Current expected rate of return = $74 * 20.2% = $14.95

The new market price of the security can now be calculated as follows:

New market price of the security = Dividend / New discount rate = $14.95 / 33.90% = $44.10

Therefore, the market price of the security if its correlation coefficient with the market portfolio doubles (and all other variables remain unchanged) will be $44.10.

Answer: $690,044

Explanation:

First calculate WACC.

Total capital = 10 + 8 = $18 million

WACC = (Weight of debt * after-tax cost of debt) + (weight of equity * cost of equity)

= (8/18 * 3%) + (10/18 * 15%)

= 9.67%

Using the WACC, find the present value of the cashflows for the next 5 years. This will be an annuity.

= 180,500 * (1 - (1 + r) ^-n)/r

= 180,500 * ( 1 - ( 1 + 9.67%) ^ -5)/9.67%

= $690,044.67

= $690,044

They should pay no more than this present value.

Answer:

" values are ideas that underlie conversations about business ethics " is the answer

Among the following, an incorrect statement regarding values is Values are ideas that underlie conversations about business ethics. Thus the correct option is D.

Values are a person's personal ideas that guide their behavior. They act as norms for how individuals should behave. Our values are significant as they aid in the development of the future we desire.

Ethics and values interact because values are our understanding of the goals we hope to achieve by taking certain actions which help in decision-making.

Values reflect our perception of what is right or desirable. Values are moral concepts that reflect a person's sense of what is right and acceptable.

Therefore, option D Values are ideas that underlie conversations about business ethics is appropriate.

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Question Continuation

The probability that a respondent read a book in the last month and is at least 30 years old is the closest to

A. 0.33

B. 0.88

C. 0.46

D. 0.12

See Attachment for complete question

Answer:

A. 0.33

Explanation:

To solve this question, we need the intersecting cell of Yes and 30+

\(n(Yes\ n\ 30+) = 65\)

The probability is then calculated as follows:

\(P(Yes\ n\ 30+) = \frac{n(Yes\ n\ 30+)}{Total}\)

Where Total = 200

\(P(Yes\ n\ 30+) = \frac{65}{200}\)

\(P(Yes\ n\ 30+) = 0.325\)

From the list of given options; (A) is the closest to 0.325

Hence:

Option A answers the question

Answer:

benefits of quality management

The opportunity cost in this scenario is: Sightseeing or the visit to Ouro Preto during his stay in Brazil.

Opportunity cost is the forgone alternative and this is used in economics to refer to the option of two or three that is omitted in order to make the best of the available resources. The alternative forgone in the case of Mikeal above is foregoing his plan to spend the remaining $1,000 that he had on sightseeing and buying souvenirs.

When Mikael took a comprehensive view of his resources, he observed that it would be difficult for him to enjoy all of the activities that he planned without running short of resources.

Thus, he decided to cut off the less important item on the list to make way for the more important ones. The activity that he cut off to make room for the others is the opportunity cost.

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A nation's capacity to fund social services like healthcare and education, vital infrastructure like roads and electricity, and other public goods depends heavily on its ability to collect taxes.

The rule of law, national defense, and law enforcement are a few examples of public goods. The term "public goods" can also apply to more fundamental items like access to fresh water and clean air.

The majority of the money the government receives in tax payments each year or every three months comes from contributions made by individual taxpayers, small enterprises, and corporations.  Excise, estate, and other taxes and fees make up the remaining sources of revenue for the federal government.

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The present value amount, given the principal and the partial table of the present value, will be $20,017.28

The present value amount will be the current value of an amount that is denoted in future terms. To find this amount, you need to discount the future amount by a certain discount interest rate, and the number of periods into the future.

The interest rate here is 10% and the amount in 2 years is $24, 234.

Given the partial table of present value of $1 at compound interest, we known that the discount factor for 2 years at 10% is 0.826.

The present value of $24, 234 from two years in the future, in the present is:

= Future value amount x Present value factor for 2 years, 10 %

= 24, 234 x 0.826

= $20, 017.28

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Note that according to the above prompt, no interest will be paid on the credit card bill.

You will not be charged interest if you pay the entire balance before the payment is due.

Because interest is usually imposed on outstanding balances, if the entire debt is paid before the due date, there will be no unpaid balance and hence no interest to pay. Pay the balance before the due date to prevent interest charges and late penalties. If the balance is not paid in full, interest will be levied on the unpaid balance, which may rapidly pile up and make the credit card debt more expensive.

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Answer:

C

Explanation:

Answer:

Academic Focus Areas are related majors that are grouped together because they share a foundation of common course requirements and recommendations. At most institutions, every program of study will fit into one of a limited number (five to seven, generally) of Academic Focus Areas.

An academic discipline or field of study is known as a branch of knowledge.

Explanation:

Answer: Branches of knowledge

Happy to help; have a great day! :)

a)A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.

a)Family business, as the name suggests, is the organization which is actively owned, operated and managed by two or more members of the single-family. b)Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. c)Small businesses are types of corporations, partnerships, or sole proprietorships which have a small number of employees and/or less annual revenue than a regular-sized business or corporation. d)Networking is the process of making connections and building relationships.

e)Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.

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One way that an HR department can ensure it is following up candidates right is D. They ensure job candidates have been recruited from a wide variety of minority channels.

It is crucial for organizations to maintain a diverse candidate pool as it upholds EEO compliance, thereby preventing discrimination and enabling equal opportunities, adopting various minority channels in the recruitment process guarantees unbiased consideration of applicants from distinct backgrounds, which counters traditional recruitment methods that may be partial to certain groups.

Through this approach, HR departments can ensure impartiality and inclusivity in their hiring processes while serving the organization's overall best interests.

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Answer:

The celebrity may get into trouble and the brand would reflect that bad image, and both the celebrity and the company would get popularity and money

Explanation:

id k you can get more in depth if you understand it that much

Product endorsements in business can bring advantages such as increased brand visibility and expanded customer base, while also having drawbacks like high costs and potential negative publicity.

In the realm of business, product endorsements can offer several advantages and disadvantages for companies. Let's start with the advantages.

One major benefit is the increased brand visibility and exposure that endorsements provide. When a reputable individual endorses a product, it can build trust and credibility among consumers.

Endorsements can also lead to an expanded customer base, as the influencer's followers may be more inclined to try the endorsed product. Additionally, endorsements can help companies stand out from competitors and create a positive association with their brand.

However, there are some disadvantages to consider. First, endorsements can be costly, especially if the celebrity or influencer demands a high fee. Moreover, there is the risk of negative publicity if the endorser gets involved in scandals or controversies. Finally, if the endorsed product does not align with the values or interests of the endorser's audience, the endorsement may not have the desired impact.

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Answer:

$2,400 unfavorable

Explanation:

Given that;

Time = 3 hours

Cost of labor = $8 per hour

Number of units = 7,100

Total actual labor cost = $172,800

Standard labor cost = 7,100 × 3 × $8 = $170,400

Total labor cost variance = Standard labor cost - Actual labor cost variance

Total labor cost variance = $170,400 - $172,800

Total labor cost variance = -$2,400

The negative sign here means that it is unfavorable, hence total labor cost variance is $2,400 unfavorable

The necessary entry to illustrate the information is written below.

One of a company's financial accounts, the income statement or profit and loss account, lists the company's receipts and outgoings for a specific time period.

Sales  $ 480,000

Variable Expenses  

COGS $ 336,000

Selling Expenses $ 24,000

Admin Expenses $ 24,000

$ 384,000

Contribution Margin  $ 96,000

Selling Expenses $ 48,000

Admin Expenses $ 19,200

$ 67,200

Net Income  $ 28,800

Sales  $ 480,000

Variable Expenses  

COGS $ 336,000

$ 336,000

Gross Margin  $ 144,000

Selling Expenses $ 72,000

Admin Expenses $ 43,200

$ 115,200

Net Income  $ 28,800

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Answer: One of the costs of not having insurance is the cost of repairing. Another cost is paying insurance premiums. Losses caused by a lack of insurance are the price of not having insurance.

Answer:

falling into debt if faced with a serious problem

Explanation:

Answer:

Explanation:

If you elect to both retire the $6,000 in long term debt and also issue long term debt of the same amount, your cash balance would be -$3,000 which is unhealthy.

What you should do therefore, is to retire no long term debt while still issuing the long term debt of $6,000 to pay for the investment in plant improvement. This will leave you with a cash balance of $3,000 which is healthy enough.

The right answer is D. The rate that other suppliers charge for the identical goods is taken into account by the competition-based method.

Competitor-based pricing, as the name suggests, is a pricing method in which a business determines the price of its products after examining the competition. However, this method just considers the sale price of both the rivals' goods and does not account for starting expenditures.

Superior efficiency, quality, invention, and customer accountability are the four criteria that assist the business create and maintain a competitive advantage. Each of these elements is the outcome of a company's unique competence.

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Answer:

D) paying no income taxes

Explanation:

A Sole proprietorship venture is owned and managed by a single individual. The owner provides all the resources required to start and run the business. The proprietor enjoys several advantages, including

1. Ease of setting up

2. Has 100% control of the business

3. Enjoys a single layer of taxation

Like all other forms of businesses, a sole proprietorship has tax obligations. However, the proprietor reports the business income as his income. The law does not distinguish the owner from the business.  A sole proprietor must file income tax returns.

-

(a) The hurdle rate of 12% is the minimum rate of return that an investment project must earn to be considered viable.

b)  Total savings in hiring charges if the company sets up the plant is $38,385,000.

c) Rental revenue from renting out the processing plant is $2,800,000.

d)  The figure of merit can be computed using the discounted cash flow techniques of NPV and BC-R.

a) It represents the opportunity cost of investing in the project, which is the return that could be earned by investing in an alternative project with similar risk. Therefore, any investment project must be evaluated against this hurdle rate to determine if it is worth pursuing.

(b) Total savings in hiring charges if the company sets up the plant can be calculated as follows:

Total hours required = 2,000 hours x 80 days = 160,000 hours

Maximum hours per day = 10 hours

Total days required = 160,000 hours / 10 hours per day = 16,000 days

Hiring cost for 16,000 days = $250 x 10 hours x 16,000 days = $40,000,000

Cost of setting up the plant = $1.5 million + $0.2 million + $75,000 + $40,000 = $1,615,000

Total savings in hiring charges = $40,000,000 - $1,615,000 = $38,385,000

(c) Rental revenue from renting out the processing plant can be calculated as follows:

Rental revenue per year = $280 x 8 hours x 250 days = $560,000

Total rental revenue for five years = $560,000 x 5 = $2,800,000

(d) The net present value (NPV) method calculates the present value of all expected cash inflows and outflows of a project, using a discount rate to adjust for the time value of money. The benefit-cost ratio (BC-R) method measures the ratio of the present value of expected cash inflows to the present value of expected cash outflows.

NPV can be calculated as follows:

Year 0:

Initial investment = -$1,615,000

Year 1-4:

Cash inflows = Rental revenue + Tax savings on depreciation

= $560,000 x (1 - 0.3) + ($1,615,000 x 0.25 x (1 - 0.3))

= $452,600

Cash outflows = Operating expenses + Financing costs

= $30,000 + $50,000 + $140,000 + $20,000

= $240,000

Discount factor at 12% = 1 / (1 + 0.12)^n, where n is the year

NPV = Sum of (Cash inflows - Cash outflows) x Discount factor

= -$1,615,000 + ($452,600 x 0.893) + ($452,600 x 0.797) + ($452,600 x 0.712) + ($452,600 x 0.636)

= $366,420

BC-R can be calculated as follows:

Present value of cash inflows = $452,600 x (1 / (1 + 0.12)^1) + $452,600 x (1 / (1 + 0.12)^2) + $452,600 x (1 / (1 + 0.12)^3) + $452,600 x (1 / (1 + 0.12)^4)

= $1,384,511

Present value of cash outflows = $1,615,000

BC-R = Present value of cash inflows / Present value of cash outflows

= $1,384,511 / $1,615,000

= 0.857

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This transaction will affect the financial statement by: Increase inventory and increase accounts payable.

Assuming the company purchased merchandise inventory on account of the amount of  $8,500 using  the perpetual inventory method the effect of the transaction on the financial statement is: Inventory will increase by $8,500 and accounts payable will increase by $8,500.

The company inventory will increase due to the purchase they made while the company accounts payable will increase because the company purchased the goods on credit which simply means that they are yet to pay their suppliers.

Inconclusion this transaction will affect the financial statement by: Increase inventory and increase accounts payable.

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Answer:

Explanation:

Insurance protects yourself, your assets, or even your family against financial loss. Oftentimes, events, such as cancer or a car accident, are random and have the potential to financially run people. Insurance is a way to reduce the financial impacts of these risks.

The power of the customer has never been greater, and the expectations of the customer have never been higher. Your brand's reputation, your business's profitability, and your ability to keep customers are all impacted by how well you complete orders.

Receiving, packaging, and delivering orders is the process of order fulfilment. A buyer buys a product, and the process is complete when they get it.

Utilising an order fulfilment provider enables you to easily ramp up for sales spikes and cut back as necessary. smaller workforce The requirement to recruit, develop, and oversee employees is removed by a fulfilment services provider. You don't have to fire any staff members if sales slump.

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Answer: Please find answers in explanation column

Explanation:

Journal to record collection of cash for deferred sales.

Date                Account titles                  Debit               Credit

Dec 12         Cash                                     $25,200

                 Deferred sales revenue                                $25,200        

Journal to record the sales revenue

Date                Account titles                  Debit               Credit

Jan  16         Cash                                $226,800

                 Deferred sales revenue      $25,200

                  Sales Revenue                                              $252,000  

Cash received = Sales Revenue - Deferred Sales revenue

=   $252,000  - $25,200= $226,800