Gasoline prices increase approximately 3 cents a gallon for, Ask an Expert

Accounting

Risk affects all long term projects. The longer the lead time on a project, the greater the risk. The price of a barrel of oil has increased from $22.81 to $90.30 between 2002 and 2012 (Historical Crude Oil Prices). Gasoline prices increase approximately 3 cents a gallon for every dollar increase in the price of crude as there are approximately 30 gallons of gasoline refined from a barrel of oil. What industries are most severely impacted by this increase? What projects would go forward as a result, what projects would be hindered?

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M961554

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - on december 31 year 1 day co leased a new

Question - On December 31, year 1, Day Co. leased a new machine from Parr with the following pertinent information: Lease term 8 years Annual rental payable at beginning of each year $60,000 Useful life of machine 10 yea ...

Question - a husband and wife received 7200 of social

Question - A husband and wife received $7,200 of social security benefits What is the taxable amount if the husband and wife's provisional income is $33,000? What is the taxable amount if the husband and wife's provision ...

Question - jennifer is a cpa and a single taxpayer using

Question - Jennifer is a CPA and a single taxpayer using the standard deduction. In 2018, her CPA practice generates net income of $162,000 and she has no other income or losses. Jennifer's taxable income before the QBI ...

Question - sheffield corporation operates a retail computer

Question - Sheffield Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1, 2017. The terms of acquisition for each truck are described ...

Question - machine b the recorded cost of this machine was

Question - Machine B: The recorded cost of this machine was $201,600. Evers estimates that the useful life of the machine is 4 years with a $11,500 salvage value remaining at the end of that time period. Calculate the am ...

Question - on september 1 kennedy company loaned 120000 at

Question - On September 1, Kennedy Company loaned $120,000, at 10% annual interest, to a customer. Interest and principal will be collected when the loan matures one year from the issue date. Assuming adjustments are onl ...

Question - messi company is considering an investment that

Question - Messi Company is considering an investment that will return a lump sum of $900,000 6 years from now. What amount should Messi Company pay for this investment to earn an 8% return?

Question - what is the effect on total assets liabilities

Question - What is the effect on total assets, liabilities, and equity of a partnership when a partner is admitted by purchasing an existing partner's interest? Why? What is the effect on the existing partners' capital a ...

Question - x company manufactures a single product product

Question - X Company manufactures a single product, Product A, and budgets total manufacturing costs each month. The accountant provides the following information about its manufacturing process: Direct material quantity ...

Question - nancy gives her grandson sean 20 acres of land

Question - Nancy gives her grandson, Sean, 20 acres of land. Her tax basis in the land is $25,000. Nancy's marginal tax rate for the current year is 45%; her grandson's is 25%. Its fair market value was $575,000 at the d ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert