In nigeria, some groups think that profits from selling _____ aren't being used to help ordinary people.

The price of oil in the United States has been very volatile over the last 50 years, with the real price of oil showing a few d

Snowcat [4.5K]

Answer:

The first dramatic swing happened in the 1970s when there was a sharp rise in the real price of oil caused by the formation of OPEC.

In 1973, the World saw it's first oil spike when members of the Organization of Oil Exporting Countries (OPEC) being mostly Muslims, decided to punish the Western World for their perceived support of the Israelis in the Yom Kippur War. They placed an embargo on the sale of oil to the West and because they controlled 56% of the then World supply, this was enough to force the price of oil up due to the reduction in demand.

The second swing happened in the 2000s when there was a sharp rise in the real price of oil caused by increased demand from emerging economies.

From the early 2000s to 2008, the price of oil kept rising steadily till it reached around $147.30 in July 2008. This rise in prices was due to increased demand from newly industrialized and emerging nations like China that needed the oil to maintain their rapid growth.

The most recent swing happened in 2008 when there was a sharp drop in the real price of oil caused by a large financial crisis.

By December 2008, the price of oil had fallen to $32 and this was down to the global recession that was ravaging the World known as the Great Recession. As the world saw economic output fall, demand for oil decreased sharply thereby forcing the price of oil to fall dramatically.

3 0

2 years ago

Jim and Lisa own a dog-grooming business in Champlain, New York, called JL Groomers. There are many buyers and many sellers in t

Elza [17]

The answer is marginal revenue (MR) curve above $22.

Explanation:

Jim and Lisa Groomers will maximize its accounting profit when taking it to 0 its economic profits when marginal revenue = marginal costs.

Economic profits are not the same as accounting profits because they include the opportunity costs of investing the money somewhere else. That is whythe long run firm is not able to make economic profits since as they exist, new competitors will enter the market. But in the case of the shoert run, the firms are able to make economic profit, but by doing so, they cannot maximize their accounting profit.

Economic profit = account profit = Opportunity profit

Opportunity cost are extra costs or benefitslost from choosing one activity or investment over another one.

3 0

2 years ago

Thad works for a small company as its marketing director. The company is creating a new product to introduce to the market for s

RideAnS [48]

The correct answer is; The place or distribution of the paint .

Further Explanation:

There are a total of four things that make up the marketing mix. They are known as the 4P's in business and they are very important for the businesses to follow. The four marketing mixes are;

Price
Product
Promotion
Place

Since Thad has already spoken to the customers and has gotten their feedback he will not need the promotion. He has the customers input on colors, names, and expectations. He has also decided on a price, so he doesn't need to focus on that point anymore. However, he has not determined the place or the distribution of his paint. He will need to focus on the place he will sell his paint. 

Learn more about marketing mix at brainly.com/question/859394

#LearnwithBrainly

4 0

2 years ago

Demers Inc. reported the following data:

elena-s [515]

Answer:

Cash Flows from Operating Activities is 555.050

Explanation:

The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.

It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)

Notice the amounts of any decreases are in parentheses.

Net income 490.000

Adjustment to reconcile the net income to cash

+ Depreciation expense 52.000

- Gain on disposal of equipment (7.000)

+ Decrease in accounts receivable 32.400

- Decrease in accounts payable (12.350)

Net cash 555.050

7 0

2 years ago

Champagne, inc., had revenues of $12 million, cash operating expenses of $8 million, and depreciation and amortization of $1.5 m

Hoochie [10]

The free cash flow can be calculated as below:

Revenue 12000000

Less: Expense (8000000)

Less: Depreciation (1500000)

Earnings Before Tax 2500000

Less Tax (750000)

Earnings after tax 1750000

Add Depreciation 1500000

Total Cash Earnings 3250000

Less: Change in Working Capital (500000)

Less : Purchase of Asset (700000)

Free Cash Flow 2050000

Thus Free Cash Flow can be calculated as above.

4 0

2 years ago