It costs a petroleum refinery $0. 39 to refine one gallon of gasoline, and $0. 39 to refine one gallon of natural gas. The refinery can sell gasoline for $2. 11 per gallon, and can sell natural gas for $1. 60 per gallon. Due to the refining process, the refinery must produce and sell twice as much natural gas as it does gasoline. If the refinery’s monthly overhead costs, not including production costs, are $180,000, how many gallons of natural gas will the refinery have sold when it breaks even each month? Round to the nearest whole gallon, if necessary. A. 86,957 b. 141,732 c. 148,760 d. 217,392.

Answers

Answer 1

The gallons of natural gas that the petroleum refinery must sell to break even each month is A. 86,957.

Data and Calculations:

Variable cost of refining gasoline per gallon = $0.39

Selling price of gasoline per gallon = $2.11

Contribution margin per gallon of gasoline = $1.72 ($2.11 - $0.39)

Variable cost of refining natural gas per gallon = $0.39

Selling price of natural gas per gallon = $1.60

Contribution margin per gallon of natural gas = $1.21 ($1.60 - $0.39)

Contribution margin per two gallons of natural gas = $2.42 since twice of natural gas must be produced.

Fixed costs = $180,000

Break-even point in units for gasoline = Fixed costs/Contribution margin per unit

= 43,478.26 ($180,000/$4.14)

Break-even point in units for natural gas = 86,957 (43,478.26 x 2) gallons.

At the break-even point, the Petroleum Refinery will not make any profit or loss for both gasoline and natural gas.

Thus, the gallons of natural gas that the petroleum refinery must sell to break even each month is A. 86,957.

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Related Questions

if a client would receive virtual currency as a gift, what would the client use as their basis for reporting purposes?

Answers

Based on the information given, it should be noted that the basis of reporting for the virtual currency is D. None of the above.

A virtual currency simply means a digital representation of value available in electronic form. This is usually transferred in a software.

From the complete question, it should be noted that the basis of reporting for the virtual currency is None of the above. It's neither, today's cost, donor basis, or fair market value.

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How can you improve your credit score?

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Answer:

Explanation:

According to Forbes, some ways to raise a credit score quickly include raising credit limits, keeping accounts open and paying bills on time

HAVE A GREAT DAY!

Quais são as medidas de controlo que podem ser utilizadas para minimizar efeitos do impacto ambiental?

Answers

Answer:

Reduce, recyle, reuse

Reducir, reciclar, reutilizar

Explanation:

It dosnt have to be very complicated, you could simply be using the same another side of a paper or taking 2 minutes out of your total shower time. We want to slowly get better at this.

No tiene por qué ser muy complicado, simplemente podría usar el mismo otro lado de un papel o tomar 2 minutos de su tiempo total de ducha. Queremos mejorar lentamente en esto.

Demand is more elastic when you are shopping in Walmart than when you shop at a small convenience store because: Group of answer choices

Answers

Answer:

It rises by 25%

Explanation:

Demand is more elastic when you are shopping in Walmart than when you shop at a small convenience store because: more competing products means greater elasticity. Lyft cuts the price of a ride in New York City by 10%. Thereafter, the quantity of rides demanded rises by 25%.

Hope this helped <3

It is not necessary, when rejecting a job candidate, to worry about how the rejection is worded, as it will have minimal, if any, impact on the organization. True False

Answers

i would say false……….

Free cash flow equals cash provided by operations less capital expenditures and cash dividends. True False

Answers

Answer:

true

Explanation:

1. The fundamental problem of economics is:
A. to establish an equitable system of personal and business taxation.
B. to establish a democratic political framework for the provision of social goods and services.
C. the scarcity of factors of production relative to the unlimited wants of humans.
D. to achieve a more equitable distribution of money income in order to mitigate poverty.

Answers

Answer:

I think C is the correct answer.

what’s the bestselling movie soundtrack of all time?

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Answer:

The Bodyguard is the bestselling movie soundtrack

Find the tax percentages for each type of tax on your pay stub and insert them here. Then, press the calculate button when you’re ready. FEDERAL % of $1,560.00 FICA MEDICARE % of $1,560.00 FICA SOCIAL SECURITY % of $1,560.00 STATE % of $1,560.00

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Answer:

including with gst ????

a convenience store owner is contemplating putting a large neon sign over his store. It would cost 50000 but is

Answers

Answer:

$24,000

Explanation:

It would cost $50,000, but is expected to bring an additional $24,000 of profit to the store every year for five years.

Hope this helped <3

According to the Securities and Exchange Commission, one of the easiest ways to boost your retirement savings is:

Answers

One of the easiest ways to boost your retirement savings is to take

advantage of your employer's matching , focus on low fees, and save by

payroll deduction.

Retirement savings can be boosted by the employer matching the

employee's contribution.This involves them contributing a certain amount

monthly or yearly to the retirement savings plan.

Other factors include avoiding high cost and fees of things and saving

through having certain amount deducted to help save for the future.

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A contract or ________ stipulates in writing all the client's requirements and gives all of the relevant information.

Answers

It should be noted that contract or event profile is usually stipulated in writing all the client's requirements and gives all of the relevant information.

An event profile can be regarded as set of event scripts, which helps to give description about an event.

This profile or contract do list out all the requirements that is needed by a company from the client in executing their services.

Therefore, contract or event profile serves  all the client's requirements and gives all of the relevant information.

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A car salesperson had $84,784 in total monthly sales for April and $107,270 in May. The salesperson earned $4,865 in total commission from those sales combined.


What is the salesperson's commission as a percent of the total monthly sales?


Enter your answer, rounded to the nearest tenth of a percent, in the box.

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Answer:

2.5%

Explanation:

Answer:

2.5

Explanation:

I took the test

what is the expected return for a stock that has a beta of 1.4, if the risk-free rate is 5% and the market rate of return is 10%?

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Answer:

% 3.9

Explanation:

Primary demand is a desire for the ________ rather than for a ________; it is often the focus of marketing when there are few competitors with the same product. brand name; product category problem solution; product category product class; specific brand product concept; tangible product novelty; problem solution

Answers

Considering the market analysis, the Primary demand is a desire for the product class rather than for a specific brand; it is often the focus of marketing when there are few competitors with the same product.

What is Product Class?

Product class is a term used to describe products or commodities that are homogeneous or deemed as substitutes for each other.

On the other hand, a Specific brand is a product with unique features that makes it different and known compared to other products.

Hence, in this case, it is concluded that the correct answer is option C. "product class; specific brand."

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A local butcher and a worker at a cereal factory both work in what Agriculture, Food, and Natural Resource pathway?

Agribusiness Systems
Food Products & Processing Systems Animal Systems
Natural Resources Systems​

Answers

The Food Products & Processing Systems is the department in Agriculture, Food, and Natural Resource where the local butcher and a worker at the cereal factory.

The food products $ processing systems is a department in the Food, and Natural Resource

The department is responsible for tasks including:

Bulk food production Development of ways to process, package or store food etc

In conclusion, the Food Products & Processing Systems is the pathway in Agriculture, Food, and Natural Resource where the local butcher and a worker at the cereal factory.

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The main method for disposing of municipal wastes in the United States is ___________ while _____ is the main method in Japan.

Answers

Answer:

hi

Explanation:

hi

A town passes a zoning ordinance preserving the architectural style of an area and requiring plantings in the parking strips. This is an example of ______.

Answers

By trying to preserve the architectural style of the area and the paintings, this is an example of Aesthetic zoning

What is Aesthetic zoning?

Tis is a type of zoning that is made to conform with architectural landscapes. The aim of this type of zoning is for the preservation of the aesthetics of the community.

This type of zoning is mostly done in those residential areas that are planned.

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Currently, you can exchange $1 for SF 1.14. Assume that the average inflation rate in the U.S. over the next two years will be 2.5 percent annually as compared to 3 percent in Switzerland. Based on this information and relative purchasing power parity, which one of the following assumptions can you make regarding the next two years?
A. The Swiss franc will appreciate against all currencies.
B. The Swiss franc will appreciate against the U.S. dollar.
C. The U.S. dollar will appreciate against all currencies.
D. The U.S. dollar will appreciate against the Swiss franc.
E. Both the U.S. dollar and the Swiss franc will appreciate against all other currencies.

Answers

In the next two years, the U.S. dollar will appreciate against the Swiss franc.

Exchange rate is the rate at which one currency is exchanged for another currency. In this equation $1 would be exchanged for SF1.14.

Purchasing power parity theory states that the same basket of books would cost the same when the exchange rate between the countries have been adjusted for. If the inflation rate of one country is expected to increase more than that of the other country, the country with the higher inflation rate, will experience a depreciation of its currency.

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Years ago, thousands of country music fans risked their lives by rushing to buy tickets for a Willie Nelson concert at Carnegie Hall. This behavior indicates Select one: a. nothing about the equilibrium price. b. the ticket price was at the equilibrium price. c. the ticket price was below the equilibrium price. d. the ticket price was above the equilibrium price.

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There a lot of changes that affect price. This behavior indicates  this ticket was below the equilibrium price

When the price of goods and services is below the equilibrium price, there is known to be excess demand for the product and this is regarded as shortage of supply.

Due to the fact that quantity demanded is more than quantity supplied, consumers are known to be willing to buy more than producers are willing to sell. This result in a mismatch between demand and supply that will lead to the increase in price.

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The third step in the project control process for measuring and evaluating project performance is to

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The third step in the project control process for measuring and evaluating project performance is to comparing the plan against actual performance.

In an organization, the management of project performance entails various process undergone from creation, implementation and management of projects which is seen as contributory to performance of the firm.

The step in the project control process for measuring and evaluating a firm's project performance includes:

Set a baseline plan. Measure progress and performance.Comparing the plan against actual performance.Take appropriate action.

Therefore, the third step in the project control process for measuring and evaluating project performance is to comparing the plan against actual performance.

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When a seller allows a buyer thirty to sixty days to pay for a purchase, the sales arrangement is called a. a promissory note. b. equity financing. c. trade credit. d. a bank loan. e. None of these answers is correct.

Answers

The sales arrangement when a seller allows a buyer thirty to sixty days to pay for a purchase is known as Trade credit

A trade credit is an arrangement that exists between buyers and sellers with respect to exchange of goods and services.

In trade credit, the supplier allows the buyer purchase on credit and pay later usually between 30, 60 or 90 days.

Hence, trade credit is where a seller allows a buyer thirty to sixty days to pay for a purchase.

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Pls help Which of the following is not an example of in-kind assistance? (1 point)
Low Income Home Energy Assistance Program
O
National School Lunch Program
O
Social Security income
Supplemental Nutrition Assistance Program

Answers

Answer:

The Answer is Social Security income

Explanation:

I know this is correct because I just finished the quick check this question was in.

Social Security income is an example of in-kind assistance as in this program the government supports the low-income people and the people with major disabilities.

What is in-kind assistance?

When someone is receiving in-kind support when one offers other a service, supplies, or free assistance. In-kind support is when another group provides free office equipment or meeting space.

The use of a company car or van, private medical insurance paid for by the employer, and the employer helping the employee to transfer the work are examples of in-kind assistance.

Thus, Social Security income is the not correct option for in-kind assistance.

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Which term accurately describes Melanie, who was born in the United States and is currently working in Italy for a company headquartered in China

Answers

A third-country national serves as term that is utilized in description of Melanie, that is been given birth to, in the United States but Working in another country like China.

What is third-country national?

This serves as term to describe an individual that is doesn't belong to a citizen of a country such as United States but is is been assigned a duty.

People do this so as to get better opportunity in their career.

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The main benefit of a multidomestic strategy is that it ________. Group of answer choices exploits scale economies in product development and marketing is cost-saving due to product and marketing standardization takes advantage of location economies responds quickly and effectively to emerging buyer preferences

Answers

According to business operational strategy, the main benefit of a multi-domestic strategy is that it "responds quickly and effectively to emerging buyer preferences."

What is a multi-domestic strategy?

A multi-domestic strategy is a business strategy whereby firms emphasize their marketing approach to meet local markets instead of a universal approach.

The multi-domestic approach also enables companies to create more targeted advertising that focuses solely on the consumers of a specific market.

Hence, in this case, it is concluded that the correct answer is option D. "responds quickly and effectively to emerging buyer preferences."

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A corporation issues for cash $8,000,000 of 20-year, 8% bonds, interest payable semiannually. The amount received for the bonds will be:

a. the present value of $8,000,000 to be repaid in 20 years, less the present value of 40 semiannual interest payments of $320,000.
b. the present value of 20 annual interest payments of $640,000, plus the present value of $8,000,000 to be repaid in 20 years.
c. the present value of 20 annual interest payments of $640,000.
d. the present value of 40 semiannual interest payments of $320,000, plus the present value of $8,000,000 to be repaid in 20 years.

Answers

Answer: D

Explanation: $8,000,000 was issued (sold) for cash. It has a 20-year maturity rate and interest is paid semiannually, meaning June 30 and December 31.

$8,000,000 x 0.08 = $640,000

$640,000/2 = $320,000

Keep in mind when a corporation issues bond to another entity, that entity has to repay the amount that was issued in bonds, plus the interest. Answer choices A, B, and C are out. The best choice is D which makes absolute sense since 20-year x 2 = 40 payments of $320,000 which gives $12,800,000. That's $4,800,000 in interest that the corporation is receiving for taking the risk of issuing the entity the $8,000,000 bonds for cash. The best choice is D.

Hope this explanation helps.

For the last 20 years, Terry has made regular quarterly payments in the amount of $308 into an account paying 1. 5% compounded quarterly. If, at the end of the 20 year period, Terry stops making deposits, transfers the balance to an account paying 5. 5% interest compounded annually, and withdraws a annual salary from the account, determine the amount that he will receive every year for 10 years. Round to the nearest cent. A. $28,672. 88 b. $3,803. 97 c. $28,780. 40 d. $3,074. 66.

Answers

The amount that will be received by Terry at the end of every year for 10 years is $3,803.97

Computations:

1. First the future value will be computed:

Given,

[tex]A[/tex] =$308, Annuity or the quarterly payment amount.

[tex]r[/tex] =1.5%, the rate of interest to be paid quarterly; thus the effective rate of interest will be: 0.375% [tex](\frac{1.5\%}{4})[/tex]

[tex]n[/tex] = 20 years, number of periodic payments, but the effective time period for the computation will be 80 payments that are: [tex](20\times4(\text{quarter}))[/tex]

[tex]\begin{aligned}\text{Future Value}&=\dfrac{A\times(1+r)^n-1}{r}\\&=\dfrac{\$308\times(1+0.00375)^{80}-1}{0.00375}\\&=\$28,672.88\end{aligned}[/tex]

2. From the determined future value that will be used in the present value formula, where 5.5% interest compounded at which Terry will receive an amount for every 10 years will be computed.

Given,

Present value =$28,672.88

[tex]r[/tex] =5.5%, the coumpounded rate of interest

[tex]n[/tex] =10 years

[tex]\begin{aligned}\text{Present Value}&=\dfrac{A(1+r)^n-1}{r(1+r)^n}\\\$28,672.88&=\dfrac{A(1+0.055)^{10}-1}{0.055(1+0.055)^{10}}\\A&=\dfrac{7.537}{\$28,672.88}\\A&=\$3,803.97\end{aligned}[/tex]

Therefore, after the payment of $308 for 20 years, Terry will start receiving the amount of $3,803.97 every 10 years.

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with no other positions in her account, a customer buys 100 shares of XYZat 45$ per share and simultaneously buys 1 XYZ Jan 45 put for a premium of 3. What is the customer's maxium loss potential on the option

Answers

Answer:

The maximum loss is unlimited

Explanation:

Chad bought a cabin in the mountains for $45,000. He repaired the furnace, redecorated the interior, and repainted the exterior. All of this work totaled just over $7,000. When he tried to resell it, the best offer he got for his cabin was $48,500. Which principle of valuation does this scenario exemplify

Answers

The principle of valuation that the scenario exemplifies is called the principle of contribution.

Data and Calculations:

Cost of cabin = $45,000

Maintenance cost = $7,000

Resale value = $48,500

Shortfall in investment cost = $3,500 ($48,500 - $45,000)

The principle of contribution states that the worth of an improvement is  the market value of the entire property, despite the cost of the improvement. If Chad wanted to make some profit on the sale, he should not incur more maintenance cost than the market is ready to accept.

Thus, the principle of valuation that the scenario exemplifies is called the principle of contribution.

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When evaluating business plans THESE are primarily concerned with the four Cs of credit. Employees Investors Vendors Lenders

Answers

During an evaluation of business plan, the four Cs of credit are mostly important and used by investors,

An investor in this context are those who borrow people money in return for interest payable on the loan given out.

The investor are the set of people who mostly employs the 4C's of credit.

Hence, during the evaluation of a business plan, the four Cs of credit are mostly important and used by investors,

Therefore, the Option B is correct.

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