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Suppose that the current price of oil is $60 a barrel and the interest rate is 3%.Further,suppose that the interest rate remains unchanged and no new discoveries of oil are made.If two years from now the economist for the National Petroleum company believes that the rate of oil extraction is exactly right,believes that the rate of oil extraction has been too rapid,what would be the likely price for a barrel of oil at that time?
Collection Period
The average number of days it takes for a company to collect payments owed by its customers.
Bad Debts
Money owed to a company that is unlikely to be paid by the debtor, often resulting in a write-off for the company.
Just-In-Time
An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.
Inventory Systems
are methodologies and procedures used by businesses to track, manage, and plan for current and future inventory and stock levels.
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