NMTeX Oil owns several gas wells in Carlsbad, NM. Revenue from the wells has been increasing according
Question:
NMTeX Oil owns several gas wells in Carlsbad, NM. Revenue from the wells has been increasing according to an arithmetic gradient for the past 5 years. The revenue in year 1 from well no. 24 was $390,000 and it increased by $15,000 each year thereafter. Determine
(a) The revenue in year 3, and
(b) The equivalent annual worth of the revenue through year 5. Assume an interest rate of 10% per year.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
a Revenue 390000 21...View the full answer
Answered By
Shem Ongek
I am a professional who has the highest levels of self-motivation. Additionally, I am always angled at ensuring that my clients get the best of the quality work possible within the deadline. Additionally, I write high quality business papers, generate quality feedback with more focus being on the accounting analysis. I additionally have helped various students here in the past with their research papers which made them move from the C grade to an A-grade. You can trust me 100% with your work and for sure I will handle your papers as if it were my assignment. That is the kind of professionalism that I swore to operate within. I think when rating the quality of my work, 98% of the students I work for always come back with more work which therefore makes me to be just the right person to handle your paper.
4.80+
174+ Reviews
426+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Maintenance costs for a regenerative thermal oxidizer increased according to an arithmetic gradient for 5 years. The cost in year 1 was $7000. If the interest rate is 10% per year and the present...
-
The Pedernales Electric Cooperative estimates that the present worth now of income from an investment in renewable energy sources is $12,475,000. There will be no income in years 1 and 2, but in year...
-
Nippon Steels expenses for heating and cooling a large manufacturing facility are expected to increase according to an arithmetic gradient beginning in year 2. If the cost is $550,000 this year (year...
-
On January 1, Year 2, PAT Ltd. acquired 90% of SAT Inc. when SATs retained earnings were $900,000. There was no acquisition differential. PAT accounts for its investment under the cost method. SAT...
-
Determine the mass moment of inertia of a ring of mass m, cut from a thin uniform plate, with respect to (a) the axis AA, (b) the centroidal axis CC that is perpendicular to the plane of the ring. A'...
-
Analyzing the Effects of Four Alternative Inventory Methods Dixon Company uses a periodic inventory system. At the end of the annual accounting period, December 31, 2011, the accounting records for...
-
What does the phrase theory of the case mean? Why is it important to develop a theory of the case in advance of trial?
-
For the past four years, three companies have dominated the soft drink industry, holding a combined 85 percent of market share. Won Cola, Inc., ranks second nationally in soft drink sales. Its...
-
Cesar's Bottlers bottles soft drinks in a factory that can operate one shift, two shifts, or three shifts per day. Each shift is eight hours long. The factory is closed on weekends. The sales price...
-
Tess is the development manager for the Isabelle Stewart Gardner Museum in Boston. She was in the middle of a large campaign to raise $50 million for a building expansion project. Her development...
-
An arithmetic cash flow gradient series equals $500 in year 1, $600 in year 2, and amounts increasing by $100 per year through year 9. At i = 10% per year, determine the present worth of the cash...
-
Solar Hydro manufactures a revolutionary aeration system that combines coarse and fine bubble aeration components. This year (year 1) the cost for check valve components is $9,000. Based on closure...
-
Use Theorem 4.24 to prove Corollary 4.2. Theorem 4.24 (Berry and Esseen). Let {X}1 be a sequence of indepen- dent and identically distributed random variables from a distribution such that E(X) = 0...
-
2) Write as a single logarithm & explain your steps. (4 marks each) a) log7 8+ log74 - log7 16
-
Read the attached case study, and submit your review of the following: 'Defining Standard Projects at Global Green Books Publishing' Make sure to follow the formatting requirements detailed in the...
-
Q5: A quantity of 1.4 moles of an ideal gas go through the 3 processes described by the following PV diagram: State A B P (atm) 5.0 Process A to B B to C C to A Total 1.0 (b) Find the table below: C...
-
Evaluate Hugos' list of "Strategic System Builders" (p. 268) relative to identifying and pursuing supply chain (SC) opportunities. What is the value/effectiveness of these guidelines? What are the...
-
In the network in figure, find the shortest path from node 1 to node 10. Also, find the shortest path from node 3 to node 10. (Use dynamic programming) 2 4 2 6 7 4 1. 6 6 10
-
Show how the tables you created for question 1.8 solve the problems you described in question 1.5.
-
A manufacturer can sell product 1 at a profit of $20 per unit and product 2 at a profit of $40 per unit. Three units of raw material are needed to manufacture one unit of product 1, and six units of...
-
The pumping cost for delivering water from the Ohio River to Wheeling Steel for cooling hot rolled steel was $1.8 million for the first 3 years. An effective energy conservation program resulted in a...
-
Income from the mining of mineral deposits usually decreases as the resource becomes more difficult to extract. Determine the future worth in year 10 of a mineral lease that yielded income of $14,000...
-
For the cash flows shown in the diagram, determine the future worth in year 8 at an interest rate of 10% peryear. 1-10% per year 0 2 3 456 7 8 Year $220 $270 $320 S370 $420 $470 $470
-
Obtain the general solution to the equation. dy (x+36) x+xy = 5x, y(0) = 4 The general solution is y =
-
A regular octagon has sides of 60 cm. Use your knowledge of composite figures to find the area of this octagon.
-
Delray Manufacturing needs to better budget and analyze costs. While Delray has experienced high sales growth, it has struggled to effectively manage costs and Inventories. Delray alms to end each...
Study smarter with the SolutionInn App