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2 years ago

The discovery of a large oil deposit off a nation's shores would be what type if economic variable?

Business

2 answers:

erastova [34]2 years ago

8 0

The answer is: positive external shocks

Positive external shocks refers to unpredictable factors in economy that provide monetary benefit for us.

Several examples of positive external shocks are: Discovery of expensive natural resources (such as oil), one citizens of the country invents unpredictable groundbreaking products that drastically improve the country's GDP, the leaders of another country decided to make contact with our country and propose a beneficial business agreement, etc.

Varvara68 [4.7K]2 years ago

6 0

The discovery of oil off a nation's coast would be if it wasunexpected, a surprise economic variable and a very beneficial one at that as long as it happened before the present concerns about climate change and the use of fossil fuels plus concerns over oil spills in the ocean after the Gulf of Mexico major oil spill a few years ago.

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On January 1, 2020, CORONVS Inc. acquired a machine for $1,000,000. The estimated useful life of the asset is 5 years. The resid

Elenna [48]

Answer:

The book value of the machine at the end of 2021 is $620000.

Explanation:

The straight line depreciation allocates a constant depreciation expense throughout the useful life of the machine. The straight line depreciation expense can be calculated using the following formula,

Depreciation expense per year = (Cost - Residual value) / estimated useful life

Depreciation expense per year = (1000000 - 50000) / 5 = $190000 per year

The book value of asset is the value of the asset calculated by deducting Accumulated depreciation from its cost.

The book value of the machine at the end of 2021 will be the, considering the depreciation expense for year 2021 has been charged,

Accumulated depreciation till 2021 end = 190000 for Year 2020 + 190000 for Year 2021 = $380000

Book value at the end of 2021 = 1000000 - 380000 = $620000

8 0

2 years ago

Five independent projects consisting of reinforcing dams, levees, and embankments are available for funding by a certain public

Alex777 [14]

Answer:

the correct answer is option (b).

Explanation:

Equivalent annual benefits and annual cost of each project is provided.

Calculate B-C ratio of project A -

Annual benefits = $1,800,000

Annual costs = $2,000,000

B-C ratio = Annual benefits/Annual costs = $1,800,000/$2,000,000 = 0.90

The B-C ratio of Project A is 0.90.

Calculate B-C ratio of project B -

Annual benefits = $5,600,000

Annual costs = $4,200,000

B-C ratio = Annual benefits/Annual costs = $5,600,000/$4,200,000 = 1.33

The B-C ratio of Project B is 1.33.

Calculate B-C ratio of project C -

Annual benefits = $8,400,000

Annual costs = $6,800,000

B-C ratio = Annual benefits/Annual costs = $8,400,000/$6,800,000 = 1.24

The B-C ratio of Project C is 1.24.

Calculate B-C ratio of project D -

Annual benefits = $2,600,000

Annual costs = $2,800,000

B-C ratio = Annual benefits/Annual costs = $2,600,000/$2,800,000 = 0.93

The B-C ratio of Project D is 0.93.

Calculate B-C ratio of project E -

Annual benefits = $6,600,000

Annual costs = $5,400,000

B-C ratio = Annual benefits/Annual costs = $6,600,000/$5,400,000 = 1.22

The B-C ratio of Project E is 1.22.

It has been stated that the agency is willing to invest money in any project as long as the B-C ratio is at least one.

The B-C ratio of project A and D are less than 1. So, they will not be considered.

Out of remaining three project, B-C ratio is highest in the case of Project B.

So, Project B will be selected.

Hence, the correct answer is option (b).

7 0

2 years ago

Andrew is injured in an accident caused primarily by the negligence of Bob. Andrew suffers $100,000 worth of harm. Bob is 70% to

Rudik [331]

Answer:

$70,000

Explanation:

From the question, it is seen that Bob is the reason for this accident so he is the to bear a cost of treating Andrew based on comparative fault.

He contributed greatly to the accident therefore he is liable to a 70% payment of the $100000 cost of treatment.

100000 *70%

= $70000

Therefore by this law Andre will recover $70000 from him.

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2 years ago

College football attendance, especially student attendance, has been on the decline. In 2016, home attendance at major college f

Nimfa-mama [501]

Answer:

B) higher, because more games are televised today.

Explanation:

Opportunity costs are the cost of choosing one alternative from another.

In this case, when college students attend college football games they are unable to do other activities while they are at the stadium or going to the stadium. The cost of those alternatives that are lost are higher now because many college football games are televised. So a student is now able to watch the game while doing other activities.

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2 years ago

Cocoa nibs from Nigeria last year was supplied at $9 per 10 pounds. This year the demand has increased and that same supply of N

Juliette [100K]

Answer:

The supply of Nigeria cocoa nibs will increase this year.

Explanation:

last year Nigeria supplied at $9 per 10 pounds but this year its supplying at $12 per pounds, this means that the Nigerian nibs quantity will have to increase to cover up for the demand of its goods.

3 0

2 years ago