The demand for ExxonMobil gasoline is more price elastic than the
market demand for gasoline in general.
What is ExxonMobil gasoline?ExxonMobil Corporation[a] (abbreviated Exxon) is an American multinational oil and gas corporation headquartered in Irving, Texas.
It is the largest direct descendant of John D. Rockefeller's Standard Oil and was formed on November 30, 1999, by the merger of Exxon (formerly the Standard Oil Company of New Jersey) and
Mobil (formerly the Standard Oil Company of New York).
Exxon, Mobil, Esso, and ExxonMobil Chemical, which manufacture plastic, synthetic rubber, and other chemical products, are the company's primary brands.
ExxonMobil is based in New Jersey.
Vacuum Oil Company was ExxonMobil's earliest corporate ancestor, though Standard Oil was its largest ancestor prior to its breakup.
The company that exists today was formed by the merger of the Standard Oil Company of New Jersey (Jersey Standard, later Exxon) and the Standard Oil Company of New York (Socony, later Mobil), each of which grew larger by acquiring other companies such as Humble Oil (which merged with Exxon) (merged with Mobil).
The merger agreement stipulated that Exxon would be the surviving entity following the merger.
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Overhead costs are often affected by many issues and are frequently too complex to be explained by any one factor.
true /false
Overhead costs are frequently influenced by a variety of factors and are frequently too complex to be adequately explained by any single one.
The statement is False
Explanation:An overhead cost can include a variety of costs, such as electricity use, machine hours, water use, or the capacity utilization of machinery, among other things. Overhead costs are not always directly related to the cost of materials, labor, or other units. A single overhead, such as that of electricity, has many factors, such as the ideal usage of electricity, machine hours used in production, or simply the total cost of overheads for that month, building, etc., and its utilization. This is because its computation and allocation are frequently unclear. In summary, we can say that the nature of overhead costs is complex.Each alternative is false.
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On june 1, 2022, spk company signed a $100,000, one-year, 6 percent note payable. Interest and principal are due at maturity. What amount will spk record for interest expense in their december 31, 2022 adjusting entries?.
$3500 sum will spk record for interest expense in their december 31, 2022
Interest = $ 6000 for 12 months.
From June to December there will be 7 months due,
therefore 7/12x6000 = $ 3500
An interest expense is the fetched brought about by an substance for borrowed reserves. Intrigued cost may be a non-operating cost appeared on the salary explanation. It speaks to intrigued payable on any borrowings—bonds, credits, convertible obligation or lines of credit. It is basically calculated as the intrigued rate times the exceptional foremost sum of the obligation. Intrigued cost on the salary explanation speaks to intrigued collected amid the period secured by the money related explanations, and not the sum of intrigued paid over that period. Whereas intrigued cost is tax-deductible for companies, in an individual's case, it depends on their purview additionally on the loan's reason.
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Financial assets permit all of the following except? consumption timing. allocation of risk. separation of ownership and control. elimination of risk.
Financial assets permit all of the following except consumption timing.
What are Financial Assets?Financial assets allude to resources that emerge from contractual agreements on future cash flows or from owning value instruments of another substance. These are fluid assets as the financial assets or ownership can be converted into matters such as cash. These are also referred to as financial instruments Financial instruments refer to a contract that produces a financial resource to one of the parties included, and an equity instrument or financial risk to the other entity.
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The total cost of direct materials, direct labor, and factory overhead transferred from the work-in-process inventory account to the finished goods inventory account during an accounting period is:__________
The work-in-process inventory account to the finished goods inventory account during an accounting period is cost of goods manufactured.
Inventory Account
Inventory accounting is the branch of accounting concerned with the valuation and recording of changes in inventoried assets. The inventory of a business typically includes commodities in three stages of production: raw goods, in-process goods, and finished goods that are ready for sale. Inventory accounting assigns values to each of these three processes and records them as corporate assets. Assets are things that will most likely be valuable to the firm in the future, so they must be precisely valued in order for the organisation to have a precise valuation.
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Federal Income Taxes
6. Find the tax for each exercise. Use the tax table to do these exercises.
Taxable Income
Filing status
$13,585
$13,800
$13,978
$23,049
$23,200
2.
b.
C.
d.
e.
Single
Married filing jointly
Head of household
Married filing separately
Married filing jointly
Tax
The federal profits tax prices continue to be unchanged for the 2021 and 2022 tax years: 10%, 12%, 22%, 24%, 32%, 35% and 37%. The profits brackets, though, are adjusted barely for inflation. Read on for extra about the federal profits tax brackets for Tax Year 2021 (due April 15, 2022) and Tax Year 2022 (due April 15, 2023).
What is the distinction between income tax and federal tax?Federal earnings taxes are gathered by the federal government, while country profits taxes are accrued by means of the individual state(s) where a taxpayer lives and earns income. (It can get problematic if you stay in one state and work in another, which has took place extra frequently at some stage in the pandemic.)
The top 50 percent of all taxpayers paid 97 percentage of all individual earnings taxes, whilst the backside 50 percent paid the ultimate 3 percent. The top 1 percentage paid a higher share of individual profits taxes (38.8 percent) than the backside 90 percent blended (29.2 percent).
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https://brainly.com/question/1593514#SPJ9The gross income from an office building is $73,500 and the annual expense total is $52,300. if the owner expects to receive an 11% return on his investment, what is the value of the building?
Net income is $73,500 minus $52,300 or $21,200. The value of the building is calculated by dividing net income ($21,200) by the rate of return (11%), which, in this case, is $192,727.27.
What is Gross Income? Gross income is the total of all incomes, salaries, profits, interest payments, rents, and other kinds of income for families and people before any deductions or taxes. It differs from net income, which is calculated as gross income less any applicable taxes and other deductions.Your salary, dividends, capital gains, company revenue, retirement payouts, and other sources of income are all included in your gross income. Adjustments to income can be made for things like tuition costs, interest on student loans, alimony payments, or contributions to retirement accounts.Your IRS Form 1040 contains information about your adjusted gross income. Your AGI appears on line 11 of your Form 1040 for your 2021 federal tax return.The amount paid to an employee in a month before taxes or other deductions is known as gross monthly income.What is the value of the building?Net income is $73,500 minus $52,300 or $21,200. The value of the building is calculated by dividing net income ($21,200) by the rate of return (11%), which, in this case, is $192,727.27.
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What characterized the riots over bread, market, and land-leasing policies along the hudson river?
Poorer men and women challenged the power of the wealthy characterized by the riots over bread, market, and land-leasing policies along the Hudson river.
What was the effect of the riots over the leasing policies of landlords in the 1740s?
In the wake of the land-leasing riots, poor farmers shaped little militia companies to carry out equity along the Hudson River.
The power of the royal governor was at stake. African Americans and hirelings challenged the control of the well-off.
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Is the firm maximizing profits? why or why not? identify a specific action that would increase this firm's profits. holding the cost of production constant, this firm should use
NO, Because MRPl/ Pl is less than MRPk/Pk.
What is marginal revenue?The increased total revenue produced by increasing product sales by one unit is known as marginal revenue and is a key topic in microeconomics.A corporation divides the change in its total revenue by the change in its total output quantity to determine its marginal revenue. The selling price of one additional item that was sold makes up marginal revenue. Marginal Revenue = Change in Revenue / Change in Quantity is the formula for calculating revenue at the margin.The incremental shift in profits brought on by the sale of one more unit is referred to as marginal revenue. An organization can determine the revenue from each additional unit sold by performing a marginal revenue analysis.Is the firm maximizing profits? why or why not? identify a specific action that would increase this firm's profits. holding the cost of production constant, this firm should use:
MRPl/Pl = 125 /50 = 2.5
MRPk /Pk = 450 /20 =22.5
In above case,
Holding the cost of production constant, the firm use more of Capital and less Labour
As t will reduce the Marginal revenue from capital and increasse the marginal revenue of Labour to make them in equilibrium.
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In a global economy, economists consider ________ to be the key economic resource.
In the global economy, economists consider Knowledge to be the key economic resource.
What is the global economy?This refers to the sum of activities that take place both within a country and between different countries. In this environment, each country is a see as separate unit with its own industrial production, labor market, financial market, resources and environment.
The global economy is also called a globalization, which means the interdependence of the worlds economies, societies, and cultures because of advances in communication, technology, trade etc.
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Based on your evaluation you have in free cash flow. can a company have negative free cash flow? yes no
YES. A business may experience negative free cash flow.
Because it assesses how well a company's management generates cash to meet obligations and cover operating costs, the cash flow statement is crucial. Since management is investing in long-term assets that should support the company's future growth, investment operations within a corporation may result in a negative cash flow.
A company's cash flow is a gauge of how much money it made or spent all in all over a given time period. On the statement of cash flows, a fundamental financial statement, the cash flow is usually divided into cash flow from operating operations, cash flow from investment activities, and cash flow from financing activities.
YES. A company can have a negative free cash flow.
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Reliability is important to successful research, but every measurement involves a certain amount of error. what list describes some factors that commonly undermine reliability?
Some factors that commonly undermine reliability in research are - Low precision, variation in the participant and environment, state of the experimenter.
The degree to which the outcomes of a research session can be reiterated or reproduced within the same circumstances is referred to as reliability in research. A study with high reliability produces accurate outcomes every time it is carried out. Moreover, reliability is such method for assessing whether we can trust the study's findings. A study with inconsistent results, where the outcome varies from one study to the next, implies that the research has low reliability and isn't very useful.
A research study can be reliable in several ways. Research can be dependable across time, which makes reference to a study that produces consistent results when repeated by the same researcher at a different moment in time.
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The outward shift of the supply curve will cause producer surplus to increase from area _____ to area _____.
'The outward shift of the supply curve will cause producer surplus to increase from area A to area A+B+C+D.
Producer surplus is the difference between what a person is willing to accept for a given quantity of a commodity and what he would get by selling that commodity at the market price. The difference or surplus is the profit received by the producer from selling the goods on the market.
Producer surplus is a measure of producer welfare. This is represented graphically as the area above the supply curve and below the equilibrium price.
Producer surplus refers to everyone who produces at a price less than $5. Companies that produce at $5 are losing money instead of making a profit. In this example, some company producing at a cost of $2 he has a profit of $3.
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What happens to the equilibrium price and equilibrium quantity when demand and supply increase simultaneously, but the relative size of the shifts are not known?.
The equilibrium quantity rises, and the change in the equilibrium price is ambiguous.
Both the demand decrease and therefore the supply increase cause equilibrium price to decrease, that the total effect on price could be a decrease. As you'll be able to see, a rise in demand causes the equilibrium price to rise.
On the opposite hand, a decrease in demand causes the equilibrium price to fall. a rise in supply causes the equilibrium price to fall, while a decrease in supply causes the equilibrium price to rise.
If the rise in demand is a smaller amount than the decrease in supply, the shift of the demand curve tends to be but that of the provision curve. Due to the extent in demand the equilibrium amount demanded will increase this can thereby increase competition within the market which can lead to an increase in price of the merchandise.
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If a 95onfidence interval for the mean for the wedding sample is ($23465, $24983), does this mean that the sample results are significantly different from the claimed value for the mean of $25,200?
Since the claimed population mean is outside of the 95% confidence interval, we conclude that the sample results are significantly different.
A sample is a condensed, controllable representation of a larger group. It is a subset of people with traits from a larger population. When population sizes are too large for the test to include all potential participants or observations, samples are used in statistical testing. Using samples, one can draw conclusions about populations. Since samples are useful, affordable, practical, and manageable, it is simpler to gather data from them. Because it is typically impossible to study the entire population, studies are done on samples. Conclusions drawn from samples are meant to be extrapolated to the entire population, and occasionally even to the future. Consequently, the sample must be representative of the population.
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How many contracts can you (safely) buy?b. if gold then declines $3.65 per troy ounce, what is the market-to-market equity in the account?
A contract is an agreement among parties, creating mutual duties that are enforceable via law. The fundamental factors required for the agreement to be a legally enforceable contract are mutual assent, expressed by way of a legitimate provide and recognition; ok consideration; capability, and legality.
The definition of a agreement is an agreement between two or more humans to do some thing. An instance of a contract is a mortgage agreement among shoppers and sellers of a automobile. An instance of a agreement is an agreement between two human beings to be married.
A contract is shaped thru a method of provide and popularity. offer declaration by an offeror to an offeree suggesting terms of an agreement and asking the offeree to just accept them. even as a suggestion is outstanding, the offeror is legally obligated to be sure to the settlement if the offeree accepts the offer.
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If+a+portfolio+had+a+return+of+18%,+the+risk-free+asset+return+was+5%,+and+the+standard+deviation+of+the+portfolio's+excess+returns+was+34%,+the+risk+premium+would+be:__________-
The risk premium would be 0.38
Risk premium = (18-5)/34
= 0.38
What is risk premium?A risk premium is a measurement of excess return needed by an individual to make up for being exposed to a higher level of risk. It is frequently used in finance and economics, with the general definition being the expected risky return less the risk-free return.
A risk premium is the higher rate of return you can anticipate from riskier assets like stocks as opposed to investing in risk-free assets like government bonds.
Investors are enticed to purchase riskier assets by the risk premium. Investors wouldn't have any incentive to invest in assets that expose them to a higher risk of loss if there were no risk premium.
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Gerritt wants to buy a car that costs $27,000. the interest rate on his loan is 5.35 percent compounded monthly and the loan is for 5 years. what are his monthly payments?
The monthly payment of Gerritt is $513.86.
Monthly loan payment
1 Interest rate per annum [ Pxrx ( 1 + r ) ^ n ] + [ ( 1 + r ) ^ n - 1 ]
1 Interest rate per annum 5.35 %
5
1 3 Number of compoundings per annum 0.45 %
2x3 Number of periods ( n ) 60
Loan amount ( P ) 27,000
( 27000x0.45 % * ( 1 + 0.45 % ) ^ 60 ) ÷ ( ( 1 + 0.45 % ) ^ 60-1 ) |
Monthly loan payment 513.86
Compounding is the addition of interest to the principal of a loan or deposit, or in other words, interest on principal plus interest. It is the result of reinvesting interest, either adding to the loan principal instead of repaying the loan or requiring the borrower to pay it so that the next period's interest is calculated on the principal plus previously accrued interest. Compound interest is the norm in finance and economics.
Compound interest is the opposite of simple interest, where previously accrued interest is not added to the principal amount of the current period, so there is no compounding. The annual interest rate is simply the amount of interest per period multiplied by the number of periods per year. The simple annual interest rate is also known as the nominal interest rate (not to be confused with the non-inflation adjusted interest rate, which shares the same name).
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At what stage of the critique would you assess the effectiveness of the planned message?
a. critical analysis
b. strategy
c. description
d. interpretation
Critical analysis is regarded as subjective writing because it expresses the author's evaluation of a piece.
The goal of writing a critique is to assess another person's creation (a book, essay, movie, painting, etc.) in order to improve the reader's comprehension of it.
To analyze is to disassemble and examine the components. Critical reading and writing are the two steps necessary to write a critical paper.
Describe: make the reader aware of the fundamental purpose and meaning of the writer. Examine how the text's structure and terminology aid in delivering its message. Interpret: Explain the relevance or importance of each literary element. By evaluating the work, one can determine its worth or value.
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Jenny, an employee of toucan company, used company assets for her own personal gain. this is an example of:_____.
a. internal control.
b. employee advance.
c. fraud.
d. employment perks.
e. ethics.
This is an example of Fraud.
What is Corporate Fraud?Theft of a firm's resources, such as cash, goods, care, or other support, for one's own use or sale is known as misappropriation of company assets.
This type of theft is typically conducted at the staff level. A strong internal control system, segregation of duties, or employment rotation could all be used to stop this type of fraud.
Corporate fraud is the term used to describe actions conducted by a person or a company that are dishonest or illegal and intended to benefit the person or the firm who is engaging in them.
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Identify the type of savings fund that is best suited for each situation. unexpected travel expense saving for a college education paying to fix a broken air conditioner saving to start a business down payment for a car plumbing expenses
The type of savings fund that is best suited for each situation is:
Sinking fund: down payment for a car, saving to start a business, saving for a college education.
When you invest in a fund, your and other investors' money is pooled together. A fund manager then buys, holds, and sells investments on your behalf. All funds are made up of a mix of investments - this is what diversifies or spreads your risk.
Some common types of funds include pension funds, insurance funds, foundations, and endowments. Funds are also used by individuals and families for personal financial matters, such as emergency funds and college funds. Retirement funds are common funds offered as a benefit to employees.
Mutual funds make money by charging investors a percentage of assets under management and may also charge a sales commission (load) upon fund purchase or redemption. Fund fees, called the expense ratio, can range from close to 0% to more than 2% depending on the fund's operating costs and investment style.
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To open a bank account you will/may need...*Choose only 5 answers*
-A government issued ID
-A state issued ID
-Collateral
-Drivers License
-A deposit
-Insurance
-Income
Answer:
You'll need a government-issued ID and some basic information, and you might have to deposit $25 or so to get started
Explanation:
The collection of businesses and products that make up a company is called its ________.
The collection of businesses and products that make up a company is
called it Business Portfolio.
What is a Business portfolio?A company's asset list is referred to as its business portfolio. For example, the term includes a startup's equipment and machinery. A product portfolio, on the other hand, is linked to a company's physical inventory. It has to do with the products they've put on the market.The asset list of a company is referred to as its business portfolio. For example, the term encompasses the equipment and machinery of a startup. In contrast, a product portfolio is linked to a company's physical inventory. It has something to do with the products they have on the market.
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True or false: if darnell is risk averse, then he prefers a 50-50 gamble between $0 and $400 over a guaranteed $200.
The given statement is true. if Darnell is risk averse, then he prefers a 50-50 gamble between $0 and $400 over a guaranteed $200.
Will a risk averse person accept a fair gamble?The idea of a fair bet is related to the idea of risk aversion. An unknown prospect with a zero projected yield is a fair bet. If a person never accepts a reasonable wager, they are risk averse. The overwhelming majority of academics concur that scenarios involving gambling involve some type of risk aversion.
While some people actively love risk (i.e., seek out risky circumstances because of the possible rewards), the majority of people deliberately avoid risk. One response is that it seems sense that the benefits of wealth diminish over time. Additionally, risk aversion is probably fairly widespread because diminishing returns to wealth imply that it is.
Hence, The given statement is true. if Darnell is risk averse, then he prefers a 50-50 gamble between $0 and $400 over a guaranteed $200.
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In the basic eoq model, if annual demand is 50, carrying cost is $2 per unit per year, and ordering cost is $15, what is the eoq?
Consider the basic EOQ model. If the annual demand is 50, inventory carrying cost is $2, and ordering cost is $15,
The economic order quantity is 28.
How do you figure out the cost of an order?Example of an Ordering Cost Formula
Because the annual demand is 10,000 units, the company must place 10 orders throughout the year. Business executives use this information to calculate the total order cost for the year, which is $10,000 because 1,000 x $10 in the formula equals $10,000.Although we have identified a number of costs associated with inventory decisions in this chapter, the basic EOQ model only takes into account two of them: carrying cost and ordering cost.The economic order quantity, or EOQ, is a calculation designed to find the optimal order quantity for businesses in order to minimize logistics costs, warehousing space, stock outs, and overstock costs. EOQ equals the square root of [2(setup costs) (demand rate)] / holding costs.The ordering quantity Q* at which the holding cost equals the ordering cost and the total inventory cost is the smallest is referred to as the Economic Order Quantity (EOQ).To learn more about cost of an order refer to
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The more __________ a company's supply chain, the more difficult it is to ensure that the supply chain is managed ethically.
The more global a company's supply chain, the more difficult it is to ensure that the supply chain is managed ethically.
It is difficult to ensure that the supply chain is managed ethically when the business is run globally because managers in the home country cannot have direct supervision and physical observation on how management in the other countries are running the supply chain of the products / services.
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What are the two constitutions you are
governed by?
Answer:
my own opinion and honesty
Explanation:
I'm governed by what I think is true because I don't like being brainwashed into it believing one thing can exist. so I choose my freedom to have an opinion on everything because every one is entitled to it and someone else can take it and learn to see where it could get them with what they think or not. and honesty because it's the best and only way to be true to yourself and if your gonna be true to others. cant trust yourself who you gonna be able to trust in the end. there is enough lies out there we are suppose to believe not me
What is the effect of the december 31 adjusting entry to record $400 of revenue for which the seller has performed for its customers but not yet collected?.
The December 31 adjusting entry to record $400 of revenue which the seller has performed for its customers but not yet collected leads to both sales revenue and accounts receivable accounts being raised by $400.
As a result of the company selling the customer goods worth $400, the sales income in the books of accounts should increase by $400. When ownership of the products is transferred to the buyer, the seller registers the sales transaction.
Additionally, the company will add $400 to its accounts receivable. This is due to the fact that the purchase was made on credit and the buyer has not yet paid the purchase price. An increase in accounts receivable might either mean that the company sold more products within a particular time frame or that invoice payments are not arriving on time.
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Some __________ ask members/customers to work at the organization for a number of hours a month as part of their duties. multiple choice mutual funds franchises limited partnerships cooperatives
Some cooperatives ask members/customers to work at the organization for several hours a month as part of their duties.
What are Cooperatives?Cooperatives are member-owned, member-controlled businesses run by and for their members to meet their common needs and ambitions in economic, social, and cultural development. People get together in cooperatives in a democratic and egalitarian manner. Cooperatives are democratically run under the "one member, one vote" principle, regardless of whether the members are users, customers, employees, or residents. No matter how much money a member invests in the business, they all have equal voting rights.Cooperatives may provide goods, services, and even the sharing of labor and production to benefit their members. A portion of the income may be distributed to members who use the cooperative's goods or services. A patronage dividend is a term used to describe how earnings are distributed.To learn more about Cooperatives, refer to:
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Presenting the results of your analysis--data visualization--is an important part of analytics.
As a crucial step in facts analytics, data visualization gives agencies vital insights into untapped facts and messages that could in any other case be lost. the days of scouring via hundreds of rows of spreadsheets are over, as now we've a visible summary of statistics to discover developments and styles.
Visualization helps you to recognise enormous amounts of records at a glance and in a better way. It facilitates to recognize the facts better to measure its effect on the commercial enterprise and communicates the perception visually to internal and outside audiences.
Information visualization (or 'information viz') is one of the maximum important factors of statistics analytics. Mapping uncooked statistics the use of graphical elements is splendid for helping pattern-recognizing and it's useful for sharing findings in an easily digestible.
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Urban counties most commonly fail to meet air quality standards for _________, while rural counties most commonly fail to meet air quality standards for _________.
'Urban counties most commonly fail to meet air quality standards for ozone, while rural counties most commonly fail to meet air quality standards for particulates.
In line with the contemporary delineation launched in 2012 and based totally on the 2010 decennial census, rural areas include open united states of America and settlements with fewer than 2,500 citizens. Urban areas incorporate larger locations and densely settled regions around them. city areas do now not always follow municipal boundaries.
Usually, the difference between a rural vicinity and an urban vicinity is apparent. however in advanced international locations with big populations, along with Japan, the distinction is becoming much less clean. inside the u.s.a., settlements with 2,500 inhabitants or greater are described as cities.
If the agricultural land is protected under such vicinity it shall be an urban agricultural land and becomes taxable. If the land is outdoor the location distinctive within the said notification, the land shall be rural agricultural land and shall not be taxable. here, the land distance is to be taken into consideration as street distance.
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