Figure 9.7 illustrates the calculation procedure to calculate the average oil price and index values for oil
Question:
Figure 9.7 illustrates the calculation procedure to calculate the average oil price and index values for oil prices.
Transcribed Image Text:
1 Example 9.5 13 14 SERENA 822233 Figure 9.7 Year 1930 1981 1932 1933 1984 1915 1936 1987 1938 1939 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2011 2012 2013 2014 2015 2016 2017 2018 2019 2010 2011 C Average price of Index change oil in S/bbl year on year $37.42 $35.75 $31.83 $29.08 $28.75 $26.92 $14.44 $17.75 $14.87 $18.33 $23.19 $20.20 $19.25 $16.75 $15.66 $16.75 $20.46 $18.64 $11.91 $16.56 $27.39 $23.00 $22.81 $27.69 $37.66 $50.04 $58.30 $64 20 $91 48 $53.48 $71.21 $87.04 100 95.54 89.03 91.36 98.87 93.63 63 64 122 92 83.77 123.27 126.51 87.11 95.30 87.01 93.49 106.96 122 15 91.10 63.89 139 04 165.40 83.97 99.17 121.39 136 01 132.87 116.51 110.12 142.49 58.46 133.15 122.23 Formulae -C5/C4 100 =C31/C30*100| -C35/C34 100
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Interpretation The average oil price in 1985 for example has dropped w...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Figure 9.6 illustrates the Excel calculation procedure to calculate the required indices for the average annual oil price. EEEEEEEERRIN Example Figure 9.6 Year 1100 1101 1932 1963 1584 1905 1106 1907...
-
Oil prices have increased a great deal in the last decade. The table below shows the average oil price for each year since 1949. Many companies use oil products as a resource in their own business...
-
The purpose of this exercise is to learn how to calculate stock returns for portfolio models using actual stock price data. Ten years worth of stock price data are included in the file StockReturns...
-
Dakota Company purchased several assets from a competitor, paying a lump-sum of $1,000,000 (one million dollars). The assets included: i. Land - valued at $420,000 ii. Building - valued at $400,000...
-
The company intends to issue 10-year bonds with a face value of $1,000. The bonds carry a coupon rate of 13%, and interest is paid semiannually. On the issue date, the market interest rate for bonds...
-
The Universal Product Code (UPC) is a bar-coded number that uniquely identifies many products sold in the United States. For example, all copies of this textbook sold in the United States have the...
-
ZeeZee's Construction Company has the opportunity to select one of four projects (A, B, C, or D) or choose the null (do-nothing) alternative. Each project requires a single initial investment and has...
-
Ford 10-K a. What are the key cash and liquid asset accounts for Ford? What types of marketable securities does Ford possess? b. What are the critical accounting policies for these accounts? c. What...
-
Briefly explain the differences between a stand alone query language, embedded query language and a data manipulation language.
-
Baker Ltd is concerned about the influence on petrol prices on its profit margins. The owner of the company looked at weekly petrol prices (pence per gallon) for London and compiled a time series....
-
Coco S. A. is considering diversifying and entering the housing market in the USA. They are only interested in a short-term investment. To help them with the decision and assess the market, their US...
-
Consider the following curves on the given intervals. a. Write the integral that gives the area of the surface generated when the curve is revolved about the x-axis. b. Use a calculator or software...
-
Explain what value there may be in fictionalizing the Netflix show Inventing Anna and in turn how it might explain or illustrate the communicative value and purpose of art. I nclude a discussion of...
-
H. Cochran, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,350,000. The fixed asset will be depreciated straight- line to zero over its...
-
Two golf balls are hit in the air at 66 feet per second (45 mi/hr), making angles of 37 degrees and 53 degrees with the horizontal. If the ground is level, estimate the horizontal distance traveled...
-
In a 1000 - 1250 word (4-5 page) paper discuss each of the seven family life cycles from the textbook. How important is each stage? What have we learned in this course that can help with...
-
1. Give me a specific example of a time when you usedgood judgment and logic in solving a problem? 2. Tell me a time when you had to carefully analyze a situation in order to be effective in guiding...
-
National Gas Corporation was organized on June 1, 2014. It is authorized to issue 100,000 shares of 5%, $100 par value preferred stock, and 1,750,000 shares of no par common stock with a stated value...
-
Gopher, Inc. developing its upcoming budgeted Costs of Quality (COQ) with the following information: Expense Item Budget Raw Materials Inspection $ 15,000 EPA Fine 200,000 Design Engineering 15,000...
-
The local Audubon Society has just put a new bird feeder in the park at a cost of $500. The feeder has a useful life of 5 years and an annual maintenance cost of $50. Our cat, Fred, was very...
-
We want to donate a marble birdbath to the city park as a memorial to our cat, Fred, while he can still enjoy it. We also want to set up a perpetual care fund to cover future expenses "forever." The...
-
Dr. Fog E. Professor is retiring and wants to endow a chair of engineering economics at his university. It is expected that he will need to cover an annual cost of $100,000 forever. What lump sum...
-
Mapping out your financial plan means forecasting your salary and then subtracting what you will need for life's essentials. A. True B. False
-
Today producers of nail polish are making a positive economic profit. How do you predict the market for nail polish and the profit made by producers will change in the long run?
-
In 1991, Barenaked Ladies released their hit song "If I Had A Million Dollars." How much money would the group need in 2017 to have the same amount of real purchasing power as it had in 1991? Note...
Study smarter with the SolutionInn App